Examinando por Materia "ESG scores"

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    Effect of ESG practices on earnings management : an analysis of S&P 500 companies
    (Universidad EAFIT, 2023) Naranjo Alzate, Natalia; Téllez Falla, Diego Fernando
    The purpose of this research was focused on identifying whether better performance in ESG scores has an impact on the quality of financial reporting, if better performance implies a decrease in the level of earnings management. To validate this hypothesis, a sample of 412 non-financial companies listed in the S&P 500 between 2011 and 2022 was studied with an annual frequency. Using a panel data model with fixed effects, it was found that ESG scores have a negative and statistically significant relationship with earnings management. This relationship is both overall and with each of the three pillars ESG (environmental, social and governance). The study shows that the implementation of good ESG practices influences the transparency of financial information, allowing stakeholders to make decisions with better quality of information.