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Sustainability and Investment Efficiency: A Study of The Effect of ESG Score on Investment Efficiency in the Biotechnological Industry

Maulana Akbar, Adhi LU and Salad, Zakariye LU (2022) BUSN79 20221
Department of Business Administration
Abstract
The purpose of this study is to investigate whether sustainability action can increase investment efficiency in relatively difficult industries. The study is conducted quantitatively. The ESG Score and the financial data are taken from Revinitiv (Popularly known as Thomson Reuters). The financial data are combined and calculated to make the control variables and investment efficiency. And the study requires OLS regression. This Study uses 238 biotechnological companies from 8 countries from 2011 to 2020. the conclusion of the study is, that within the biotechnological industry, ESG has a positive significant effect on investment efficiency. within the three pillars, the Governance and Social pillar are proven negatively impact investment... (More)
The purpose of this study is to investigate whether sustainability action can increase investment efficiency in relatively difficult industries. The study is conducted quantitatively. The ESG Score and the financial data are taken from Revinitiv (Popularly known as Thomson Reuters). The financial data are combined and calculated to make the control variables and investment efficiency. And the study requires OLS regression. This Study uses 238 biotechnological companies from 8 countries from 2011 to 2020. the conclusion of the study is, that within the biotechnological industry, ESG has a positive significant effect on investment efficiency. within the three pillars, the Governance and Social pillar are proven negatively impact investment inefficiency, while the environmental pillar does not show any significant (Less)
Please use this url to cite or link to this publication:
author
Maulana Akbar, Adhi LU and Salad, Zakariye LU
supervisor
organization
alternative title
The Effect of ESG Score on Investment Efficiency in the Biotechnological Industry
course
BUSN79 20221
year
type
H1 - Master's Degree (One Year)
subject
keywords
Investment Efficiency, ESG, Sustainability, Stakeholder Theory, Biotechnology
language
English
id
9095973
date added to LUP
2022-10-10 16:43:23
date last changed
2022-10-10 16:43:23
@misc{9095973,
  abstract     = {{The purpose of this study is to investigate whether sustainability action can increase investment efficiency in relatively difficult industries. The study is conducted quantitatively. The ESG Score and the financial data are taken from Revinitiv (Popularly known as Thomson Reuters). The financial data are combined and calculated to make the control variables and investment efficiency. And the study requires OLS regression. This Study uses 238 biotechnological companies from 8 countries from 2011 to 2020. the conclusion of the study is, that within the biotechnological industry, ESG has a positive significant effect on investment efficiency. within the three pillars, the Governance and Social pillar are proven negatively impact investment inefficiency, while the environmental pillar does not show any significant}},
  author       = {{Maulana Akbar, Adhi and Salad, Zakariye}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Sustainability and Investment Efficiency: A Study of The Effect of ESG Score on Investment Efficiency in the Biotechnological Industry}},
  year         = {{2022}},
}