Title: Structural patterns and country effects in global ESG performance Authors:  Marialuisa Restaino - University of Salerno (Italy) [presenting]
Michele La Rocca - University of Salerno (Italy)
Marcella Niglio - University of Salerno (Italy)
Steven Mphaya - University of Salerno (Italy)
Abstract: The relationship between Environmental, Social, and Governance (ESG) performance across firms from multiple countries is investigated. Particular attention is focused on identifying and quantifying the significant influence of country-specific factors. In more detail, using firm-level ESG data from a diverse set of countries, the study focuses on identifying patterns and disparities in ESG scores across firms from different countries, highlighting whether and how significant country effects that influence the distribution of the ESGs exist. Employing some statistical analysis on a dataset of companies, we aim to identify key patterns, distributions, structural differences in ESG metrics, and distinct groups of firms exhibiting similar ESG profiles. Moreover, by comparing the analysis across different countries and incorporating country-level variables, this analysis seeks to disentangle the impact of national contexts on the observed relationships. The findings will provide valuable insights for investors, policymakers, and corporate managers seeking to understand the role, dynamics and importance of ESG integration. They will also highlight the importance of considering country-specific characteristics in ESG analysis and decision-making.