Exploring the Causal Links between ESG, R&D, and Firm Performance: Evidence from the US Technology and Food Companies
DOI:
https://doi.org/10.31577/ekoncas.2025.03-04.01Kľúčové slová:
ESG criteria, firm performance, R&D, food industry, technology sector, causalityAbstrakt
This study examines the causal relationships between ESG (Environmental, Social, and Governance) compliance, R&D expenditures, and financial performance in the technology and food sectors in the US. A panel dataset from 2012 – 2021 from the Thomson Reuters database was analysed for 12 food and 18 technology companies. The findings show that there are different causal relationships between sectors. While R&D investments in the technology sector positively affect firm performance by increasing ESG compliance, firm performance in the food sector directs ESG compliance, encouraging R&D investments. The study emphasizes that sectoral differences should be considered in sustainability and R&D strategies and guides policymakers and managers to develop approaches appropriate to the dynamics of the sector.
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Copyright (c) 2025 Semra Boga Sahin, Gozde Bozkurt, Hasan Sadik Tatli, Tom Gillpatrick
Táto práca je licencovaná pod Medzinárodnou licenciou Creative Commons Attribution-NonCommercial-NoDerivatives 4.0.