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Finns det något samband mellan ESG-score och finansiell prestation för företag inom finansmarknaden i Europa? En kvantitativ studie på 52 banker i Europa.: En kvantitativ studie på 52 banker i Europa
University of Gävle, Faculty of Education and Business Studies, Department of Business and Economic Studies, Business administration.
University of Gävle, Faculty of Education and Business Studies, Department of Business and Economic Studies, Business administration.
2023 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Is there a relationship between ESG scores and financial performance of financial market companies in Europe? : A quantitative study of 52 banks in Europe (English)
Abstract [sv]

Titel: Finns det något samband mellan ESG-score och finansiell prestation för företag 

inom finansmarknaden i Europa? En kvantitativ studie på 52 banker i Europa. Nivå: Examensarbete på grundnivå (kandidatexamen) i ämnet företagsekonomi Författare: Hakki Arhan Altunsayar och Ensar BujupiHandledare: Jan Svanberg 

Datum: 2023 – majSyftet: Syftet med denna studie är att undersöka hur ESG-score påverkar den finansiella 

prestationen för företag inom finansmarknaden i Europa. 

Metod: Denna studie har en positivistiskt forskningsfilosofi med en hypotetiskt- deduktiv ansats. Studien innefattar en kvantitativ strategi som har genomförts med data från 52 banker inom finansmarknaden i Europa för året 2021. Studiens data är hämtad från databasen Refinitiv Eikon. Datan har sedan analyserats i statistikprogrammen SPSS och Minitab. 

Resultat och slutsats: Studiens resultat visar att det förekommer ett svagt icke signifikant negativt samband mellan ESG-betyg och finansiell prestation i banker som är lokaliserade och verksamma inom Europa. 

Examensarbetets bidrag: Studien bidrar till att fylla ett forskningsgap där vi tar reda på om det råder ett samband mellan ESG-betyg och finansiell prestation inom finansmarknaden i Europa, då tar vi specifikt hänsyn till bankerna inom marknaden, studien bidrar till forskningsområdet företagsekonomi med inriktning redovisning. 

Förslag till fortsatt forskning: Det krävs ytterligare forskning med andra typer av analyser och fler variabler. Detta för att kunna dra en mer omfattande slutsats om det förekommer samband mellan ESG-score och finansiella prestationer på finansmarknaden i Europa. 

Nyckelord: CSR, Legitimitetsteorin, ESG, Intressentteorin, finansiella prestationer. 

Abstract [en]

Title: Is there a relationship between ESG scores and financial performance of financial 

market companies in Europe? A quantitative study of 52 banks in Europe Level: Final assignment for Bachelor’s Degree in Business Administration 

Author: Ensar Bujupi & Hakki Arhan Altunsayar 

Supervisor: Jan Svanberg 

Date: 2023 - May 

Aim: The purpose of this study is to investigate how the ESG-score affects the financial performance of companies within the financial market in Europe. 

Method: This study has a positivistic research philosophy with a hypothetical- deductive approach. The study includes quantitative strategy that has been carried out with data from 52 banks in the financial market for the year 2021. The data for the study has been taken from Refinitiv Eikon database. The data has then been analyzed in statistical programs such as SPSS and Minitab. 

Results and conclusions: The results of the study show that there is a weak non- significant negative relationship between ESG ratings and financial performance in banks located and operating within Europe. 

Contribution of the thesis: The study contributes to filling a research gap where we find out if there is a relationship between ESG ratings and financial performance within the financial market in Europe, then we specifically take into account the banks within the market, the study contributes to the research area of business finance with a focus on accounting. 

Suggestions for future research: Further research is required with other types of analyzes and more variables. This is to be able to draw a more comprehensive conclusion if there is a connection between the ESG score and financial performance on the financial market in Europe. 

Key words: CSR, Legitimacy theory, ESG, Stakeholder theory, financial performance. 

Place, publisher, year, edition, pages
2023. , p. 57
Keywords [en]
CSR, Legitimacy theory, ESG, Stakeholder theory, financial performance.
Keywords [sv]
CSR, Legitimitetsteorin, ESG, Intressentteorin, finansiella prestationer.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hig:diva-42550OAI: oai:DiVA.org:hig-42550DiVA, id: diva2:1776350
Subject / course
Business administration
Educational program
Business administration
Supervisors
Examiners
Available from: 2023-06-28 Created: 2023-06-28 Last updated: 2023-06-28Bibliographically approved

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