The study aims to investigate the impact of environmental, social, and governance (ESG) performance on financial performance in financial institutions within Gulf Cooperation Council (GCC) countries. Data was gathered from the Thomson Reuters Database, focusing on 38 leading financial institutions in the GCC over a five-year period, from 2019 to 2023. The findings indicated a moderate positive correlation between ESG performance and financial performance among these institutions. Additionally, the study suggests that future research should consider other potential variables that could affect financial performance, such as market conditions and regulatory environments.

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

The Impact of ESG on Financial Performance: Evidence from Financial Institutions in Gulf Countries

  • Ahmad Yahia Mustafa Al Astal,
  • Jaafer Mohammed Al-Mesaiadeen,
  • Husni Hasan Husni Samara,
  • Ali Ateeq,
  • Shafeeq Ahmed Ali

摘要

The study aims to investigate the impact of environmental, social, and governance (ESG) performance on financial performance in financial institutions within Gulf Cooperation Council (GCC) countries. Data was gathered from the Thomson Reuters Database, focusing on 38 leading financial institutions in the GCC over a five-year period, from 2019 to 2023. The findings indicated a moderate positive correlation between ESG performance and financial performance among these institutions. Additionally, the study suggests that future research should consider other potential variables that could affect financial performance, such as market conditions and regulatory environments.