Date of Award
Doctor of Business Administration (DBA)
Jack Welch College of Business
Dr. Lorán Chollete
Dr. Fatima Jebari
Dr. Mahfuja Malik
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.
G2, G3, G4, M2
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/
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