Date of Award
12-2023
Degree Type
Doctoral Dissertation
Degree Name
Doctor of Business Administration (DBA)
Department
Jack Welch College of Business
Dissertation Supervisor
Dr. Lorán Chollete
Committee Member
Dr. Fatima Jebari
Committee Member
Dr. Mahfuja Malik
Abstract
This paper examines the impact of Environmental, Social, and Governance (ESG) scores on U.S. insurance companies' financial performance and is among the first to do so. The existing literature has sundry conclusions on whether there is any impact; this study intends to add to the existing literature to elucidate an answer. In this study, the financial ratio, net profit margin, is used as the dependent variable. The ESG score, governance score, and governance metrics such as the number of independent directors on the audit committee, size of the compensation committee, board size, and the number of executives are used as the independent variables in addition to leverage and the firm size. 65 U.S. insurance companies are reviewed. This study is conducted using comparative and statistical analysis. The findings illustrate that governance factors do have a positive, statistically significant, impact on U.S. Insurance companies’ financial performance.
JEL Classification
G2, G3, G4, M2
Recommended Citation
Xhafa, F. (2023). ESG scores impact on U.S. insurance companies’ financial performance. Jack Welch College of Business & Technology dissertation, Sacred Heart University, Fairfield CT. Retrieved from https://digitalcommons.sacredheart.edu/wcob_theses/35/
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Included in
Business Administration, Management, and Operations Commons, Corporate Finance Commons, Insurance Commons
Comments
Submitted in partial fulfillment of the requirements for the degree of Doctor of Business Administration in Finance, Sacred Heart University, Jack Welch College of Business and Technology, Fairfield, Connecticut.
Dissertation Number DBA09/2023.