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324116

TOWARDS A GREEN TOBIN’S Q HOW ESG FACTORS AFFECT FIRM TOBIN’S Q VALUE; THE CASE OF EGYPT: AN EMPIRICAL STUDY

Article

Last updated: 25 Dec 2024

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Tags

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Abstract

The current study aimed to find the impact of environmental, societal, and governmental factors on the firm's performance. Additionally, the study tried to build knowledge about the importance of the mentioned factors as one of the trends towards the value of the green Topin's Q. Using the data of 70 Egyptian firms listed on the Egyptian Stock Exchange during the period from 2017 to 2022, the study results showed a significant impact of all the tested factors on the firms' Tobin'q. Based on the study findings, it is suggested that firms included in the Egyptian Sustainability Index should prioritize various initiatives aimed at empowering women and youth, donations, establishment of reward systems, greater attention to healthcare, involve individuals with special needs, support artistic initiatives and civic participation towards education and scholarships, community relief efforts, establish sustainability committees, and adopt more environmentally friendly manufacturing protocols specifically related to packaging and waste disposal.

DOI

10.21608/cfdj.2024.324116

Keywords

ESG, Tobin’s q, firm performance, Egyptian firms, ESG factors

Authors

First Name

Dr. Nehad Hosny

Last Name

Yusuf

MiddleName

-

Affiliation

کلية الإدارة والاقتصاد وتکنولوجيا الاعمال - الجامعة المصرية الروسية

Email

nehad.yusuf@eru.edu.eg

City

-

Orcid

0000-0003-1562-7271

Volume

5

Article Issue

1

Related Issue

44180

Issue Date

2024-01-01

Receive Date

2023-10-31

Publish Date

2024-01-01

Page Start

707

Page End

734

Print ISSN

2682-3403

Online ISSN

2682-4531

Link

https://cfdj.journals.ekb.eg/article_324116.html

Detail API

https://cfdj.journals.ekb.eg/service?article_code=324116

Order

27

Type

المقالة الأصلية

Type Code

1,242

Publication Type

Journal

Publication Title

المجلة العلمية للدراسات والبحوث المالية والتجارية

Publication Link

https://cfdj.journals.ekb.eg/

MainTitle

TOWARDS A GREEN TOBIN’S Q HOW ESG FACTORS AFFECT FIRM TOBIN’S Q VALUE; THE CASE OF EGYPT: AN EMPIRICAL STUDY

Details

Type

Article

Created At

25 Dec 2024