La influencia de los ESG en la cotización bursátil de las empresas: Un estudio bibliométrico
Palabras clave:
EGS, Cotización bursátil, Bibliométrico, Información no financiera, Contabilidad
Resumen
Este artículo consiste en un estudio bibliométrico en el que se identifica cuales son las tendencias actuales de publicación en ESG y su influencia bursátil. El cual se trata de un problema de investigación de creciente interés principalmente por parte de USA, Canadá y China. No obstante, a pesar de la investigación previa los resultados no son concluyentes sobre la relación entre ESG y la influencia bursátil como son el caso de los estudios de Feng, J. (2022); Wong, J.B. (2022); Hebb, T. (2010). Así mismo, es recomendable emplear otros enfoques de estudio para abordar este problema desde otros puntos de vista que no sean mediante estudios empíricos y cuantitativos que permitirán a los investigadores profundizar y comprender mejor la problemática.
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Feng, X. (2021). The role of ESG in acquirers' performance change after M&A deals. Green Finance. 2021, Volume 3, Issue 3: 287-318. doi: 10.3934/GF.2021015
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Bofinger, Y, Heyden, KJ, Rock, B, Bannier, CE. (2022). The sustainability trap: Active fund managers between ESG investing and fund overpricing. Finance research letters. 45, DOI: 10.1016/j.frl.2021.102160
Chen, H., Liu, S., Yang, D. and Zhang, D. (2023), "Automatic air pollution monitoring and corporate environmental disclosure: a quasi-natural experiment from China", Sustainability Accounting, Management and Policy Journal, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/SAMPJ-07-2022-0385
Cho, Y. ESG and Firm Performance: Focusing on the Environmental Strategy. Sustainability 2022, 14, 7857. https://doi.org/10.3390/su14137857
Clark, J.; Mauck, N. y Pruitt, S.W. (2021). The financial impact of COVID-19: Evidence from an event study of global hospitality firms. Research in International Business and Finance. Volume 58, December 2021, 101452. https://doi.org/10.1016/j.ribaf.2021.101452
Comerio, N., & Strozzi, F. (2019). Tourism and its economic impact: A literature review using bibliometric tools. Tourism Economics, 25(1), 109–131. https://doi.org/10.1177/1354816618793762
Cormier, D., Dufour, D., Luu, P., Teller, P., and Teller, R. (2019) The Relevance of XBRL Voluntary Disclosure for Stock Market Valuation: The Role of Corporate Governance. Can J Adm Sci, 36: 113– 127. https://doi.org/10.1002/cjas.1483.
Corzo Santamaría, T.; Martin-Bujack, K.; Portela, J. y Sáenz-Diez, R. (2022). Early market efficiency testing among hydrogen players. International Review of Economics & Finance, Volume 82, November 2022, Pages 723-742. https://doi.org/10.1016/j.iref.2022.08.011
Demir, E. Ozturk Danisman, G. (2021). Banking sector reactions to COVID-19: The role of bank-specific factors and government policy responses. Research in International Business and Finance Volume 58, December 2021, 101508. https://doi.org/10.1016/j.ribaf.2021.101508
Derwall, J.; Guenster, N.; Bauer, R.; Koedijk, K. (2005). The Eco-Efficiency Premium Puzzle. Financ. Anal. J. 2005, 51–63.
Do, Y.; Kim, S. Do Higher-Rated or Enhancing ESG of Firms Enhance Their Long–Term Sustainability? Evidence from Market Returns in Korea. Sustainability 2020, 12, 2664. https://doi.org/10.3390/su12072664
Donthu, N., Kumar, S., Mukherjee, D., Pandey, N., & Lim, W. M. (2021). How to conduct a bibliometric analysis: An overview and guidelines. Journal of Business Research, 133, 285–296. https://doi.org/10.1016/J.JBUSRES.2021.04.070
Dumitrescu, A. a, Zakriya, M. (2021). Stakeholders and the stock price crash risk: What matters in corporate social performance? Journal of Corporate Finance. Volume 67. https://doi.org/10.1016/j.jcorpfin.2020.101871
E-Vahdati, S.; Wan-Hussin, W.N.; Mohd Ariffin, M.S. (2023). The Value Relevance of ESG Practices in Japan and Malaysia: Moderating Roles of CSR Award, and Former CEO as a Board Chair. Sustainability 2023, 15, 2728. https://doi.org/10.3390/su15032728
Eng, L.L., Fikru, M. and Vichitsarawong, T. (2022), "Comparing the informativeness of sustainability disclosures versus ESG disclosure ratings", Sustainability Accounting, Management and Policy Journal, Vol. 13 No. 2, pp. 494-518. https://doi.org/10.1108/SAMPJ-03-2021-0095
Espahbodi, L, Espahbodi, R, Juma, N, Westbrook, A. Sustainability priorities, corporate strategy, and investor behavior. Rev Financ Econ. 2019; 37: 149– 167. https://doi.org/10.1002/rfe.1052
Fabozzi, FJ.; Ng, PW. y Tunaru, DE. (2021). The impact of corporate social responsibility on corporate financial performance and credit ratings in Japan. Journal of Asset management. 22, 2. Pag. 79-95. DOI: 10.1057/s41260-021-00204-6
Feng, J.; Goodell, J. W. y Shen, D. (2022). ESG rating and stock Price crash risk: Evidence from China. Finance Resarch Letters. Volume 46, Part B, May 2022, 102476. https://doi.org/10.1016/j.frl.2021.102476
Feng, X. (2021). The role of ESG in acquirers' performance change after M&A deals. Green Finance. 2021, Volume 3, Issue 3: 287-318. doi: 10.3934/GF.2021015
Fiskerstrand, S.R.; Fjeldavli, S.; Leirvik, T.; Antoniuk, Y. y Nenadic, O. (2019). Sustainable investments in the Norwegian stock market.
Journal of Sustainable Finance & Investment . Volume 10, 2020 - Issue 3. Pages 294-310. https://doi.org/10.1080/20430795.2019.1677441
Friede, G.; Busch, T. y Bassen, A. (2015). ESG and Financial performance: Aggregated evidence from more tan 2000 empirical studies. J. Sustain. Financ. Invest. 5, 210-233.
Gao, J.; Chu, D.; Zheng, J. y Ye, T. (2022). Environmental, social and governance performance: Can it be a stock price stabilizer? Journal of Cleaner Production. Volume 379, Part 2, 15 December 2022, 134705. https://doi.org/10.1016/j.jclepro.2022.134705
García, A.S.; Mendes-Da-Silva, W.; Orsato, R,J. (2017). Sensitive industries produce better ESG performance: Evidence from emerging markets. J. Clean. Prod. 2017. 150, 135 – 147.
García-Pereira, S., & Quevedo-Blasco, R. (2015). Análisis de las revistas iberoamericanas de Psicología y de Educación indexadas en el Journal Citation Reports del 2013. European Journal of Education and Psychology, 8(2), 85-96. https://doi.org/10.1016/j.ejeps.2015.09.003
Garzón, D. M., Amaya, C. A. y Castellanos, O. (2004). Modelo Conceptual e instrumental de sostenibilidad organizacional a partir de la evaluación del tejido social empresarial. Innovar Revista de ciencias administrativas y sociales, 83-92.
Global Reporting Initiative (2002). Sustainability reporting guidelines. Global Reporting Initiative, Boston, USA.
Gutiérrez Ponce, H. y Arimany Serrat, N. (2021). Comunicación web de información no financiera en las empresas de cuatro índices bursátiles europeos. Revista Española de Documentación Científica 45 (3), julio-septiembre 2022, e329ISSN: 0210-0614, eISSN: 1988-4621 https://doi.org/10.3989/redc.2022.3.1883
Haddow, G. (2018). Bibliometric research. Research Methods: Information, Systems, and Contexts: Second Edition, 241–266. https://doi.org/10.1016/B978-0-08-102220-7.00010-8
Hebb, T., Hamilton, A.& Hachigian, H. (2010). Responsible Property Investing in Canada: Factoring Both Environmental and Social Impacts in the Canadian Real Estate Market. Journal of Business Ethics volume 92, pages99–115 (2010). https://doi.org/10.1007/s10551-010-0636-5
Hwan Lee, J.; Hyung Cho, J.; Joon Kim, B. (2022). ESG Performance of Multinational Companies and Stock Price Crash: Evidence from Korea. Journal of Economic Integration 2022 September;37(3) :523-539. DOI: https://doi.org/10.11130/jei.2022.37.3.523
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Publicado
2023-10-01
Cómo citar
Burgos Baena, A., Irimia Dieguez, A. M., Jiménez Naharro, F., & De la Torre Gallegos, A. (2023). La influencia de los ESG en la cotización bursátil de las empresas: Un estudio bibliométrico. Revista Colombiana De Contabilidad - ASFACOP, 11(22), 32. https://doi.org/10.56241/asf.v11n22.286
Sección
Contabilidad social y ambiental
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