Examinando por Materia "ESG score"

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    Relación entre el costo de capital de las empresas y la calificación ESG en el MILA
    (Universidad EAFIT, 2024) Álvarez Mendoza, Daniela; Montoya Ramírez, Juan Camilo; Alonso Villamil, Fernando
    Considering the relevance of sustainability practices in the market, the relationship between the ESG rating, its pillars and the cost of capital of a sample of 119 companies listed in MILA between 2015 and 2022 was established. The methodological approach was mixed. From the qualitative approach, credit risk rating and Tobin's Q variables were used given their impact on the cost of debt and cost of equity, respectively, to analyze their behavior together with the ESG score (and its pillars) where it was found that high ESG scores seem to generate lower WACC. From a quantitative point of view, a correlational analysis was performed between the WACC and the ESG score (and its pillars), based on the linear regression method, which did not show a direct relationship between the evolution of the ESG rating and the evolution of the WACC.