Teoh, Vivian Vi Yuan (2023) Effect of environmental, social, and governance factors on firm value: A study on information technology companies in the United States. Master dissertation/thesis, UTAR.
Abstract
The objective of this study is to analyze the relationship between environmental, social and governance factor scoring and firms’ value, focusing on information technology companies in the United States. There is a total of 62 companies, where the data was collected ranges from 2016 to 2021. The results portrayed that there is a positive significant relationship between environmental factors and firm value; social factors has a negatively significant relationship with firm value and governance factors has a negative impact to the firm value depending on the methods used to conduct the analysis. These could believe that ESG factors do impact the firm value of the information technology companies in the United States. Besides, this study contributes to the business field, as it provides an insight to the high management in working on ESG strategy planning wisely. This study as well as provides academic contribution by filling in the gap on limited research on individual ESG factors and the firm value.
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