Project Details
Description
The management strategy around the main objective of an organization in financial terms has evolved rapidly in recent decades, both in theory and in practice, moving from an approach focused on maximizing profits for owners (shareholders), to another in which the maximization of the value of operations is intertwined with environmental, social and governance (ESG) criteria, taking into account the interests and impacts on the different interest groups (stakeholders) (Caplan, Griswold & Jarvis, 2013; Clark, Feiner & Viehs, 2015).
Such a change in vision has permeated the management strategy, as well as the vision of investors in the stock markets, who are increasingly aware of the relevance of including considerations about the ESG performance of the companies in which they invest.
Although the importance of taking ESG criteria into account both for defining business strategies and for decision-making by investors is conceptually clear, it is necessary to verify whether in practice there is evidence regarding the impact that ESG performance has on the financial indicators of organizations, as well as the performance of investment portfolios that are structured with ESG criteria.
The fundamental argument that this research addresses is that responsible investment responds to a positive relationship between responsible management of ESG aspects by companies and their financial performance, leading to an interdependence between what is good for the company and what is good for the company. which is good for society and the environment (Bolton, 2015, p. xi).
Thus, the objective of the project is to study the relationships between environmental, social and corporate governance indicators and business financial performance.
Such a change in vision has permeated the management strategy, as well as the vision of investors in the stock markets, who are increasingly aware of the relevance of including considerations about the ESG performance of the companies in which they invest.
Although the importance of taking ESG criteria into account both for defining business strategies and for decision-making by investors is conceptually clear, it is necessary to verify whether in practice there is evidence regarding the impact that ESG performance has on the financial indicators of organizations, as well as the performance of investment portfolios that are structured with ESG criteria.
The fundamental argument that this research addresses is that responsible investment responds to a positive relationship between responsible management of ESG aspects by companies and their financial performance, leading to an interdependence between what is good for the company and what is good for the company. which is good for society and the environment (Bolton, 2015, p. xi).
Thus, the objective of the project is to study the relationships between environmental, social and corporate governance indicators and business financial performance.
Commitments / Obligations
•Monographic doctoral thesis, Doctorate in Management Sciences.
•Two articles to be published in an indexed magazine in collaboration with the University of Salamanca (Spain).
•Work with research assistants.
•Integration of results into subject content in the financial area at the undergraduate and graduate levels.
•Two articles to be published in an indexed magazine in collaboration with the University of Salamanca (Spain).
•Work with research assistants.
•Integration of results into subject content in the financial area at the undergraduate and graduate levels.
| Status | Active |
|---|---|
| Effective start/end date | 2/11/22 → 2/10/24 |
UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This project contributes towards the following SDG(s):
Main Funding Source
- Installed Capacity (Academic Unit)
Location
- Bogotá D.C.
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