ESG-betygets påverkan på Cost of Debt
(2024) FEKH89 20241Department of Business Administration
- Abstract (Swedish)
- Syfte: Syftet med denna studie är att undersöka huruvida ESG-betyg har någon påverkan på skuldkostnaden hos europeiska industriföretag. Vidare ämnar studien att bidra med empiriskt material för att ge en tydligare inblick i relationen mellan ESG och Cost of debt för företag i koldioxidintensiva sektorer.
Metod: Studien antar en deduktiv ansats med kvantitativ metod. För att tydliggöra sambandet mellan ESG och cost of debt används sekundärdata som analyseras med hjälp av multipla regressioner.
Teoretiska perspektiv: Denna studie utgår från tidigare forskning om skuldkostnad i relation till ESG samt agentteorin och intressentmodellen
Empiriskt underlag: Den empiriska grunden för regressionerna består av insamlad data från LSEG Eikon... (More) - Syfte: Syftet med denna studie är att undersöka huruvida ESG-betyg har någon påverkan på skuldkostnaden hos europeiska industriföretag. Vidare ämnar studien att bidra med empiriskt material för att ge en tydligare inblick i relationen mellan ESG och Cost of debt för företag i koldioxidintensiva sektorer.
Metod: Studien antar en deduktiv ansats med kvantitativ metod. För att tydliggöra sambandet mellan ESG och cost of debt används sekundärdata som analyseras med hjälp av multipla regressioner.
Teoretiska perspektiv: Denna studie utgår från tidigare forskning om skuldkostnad i relation till ESG samt agentteorin och intressentmodellen
Empiriskt underlag: Den empiriska grunden för regressionerna består av insamlad data från LSEG Eikon för europeiska, publika företag under perioden 2016-2022. Vid ett slutligt urval inkluderas 102 företag med totalt 714 observationer.
Resultat och slutsats:
Resultatet påvisar ett statistiskt signifikant negativt samband mellan ESG-betyg och cost of debt. Ett högre ESG-betyg kan därmed förväntas generera lägre cost of debt för företag i industrisektorn. (Less) - Abstract
- Purpose: The purpose of this study is to investigate whether ESG ratings have any impact on cost of debt in European industrial companies. Furthermore, the study intends to contribute with empirical material to provide a clearer insight into the relationship between ESG and cost of debt for companies in carbon dioxide-intensive industries.
Method: The study adopts a deductive approach with a quantitative method. To clarify the connection between ESG and cost of debt, secondary data is used which is analyzed using multiple regressions.
Theoretical perspective: This study is based on previous studies on the relation between the cost of debt and ESG along with the agency-theory and stakeholder-theory.
Empirical foundation: The... (More) - Purpose: The purpose of this study is to investigate whether ESG ratings have any impact on cost of debt in European industrial companies. Furthermore, the study intends to contribute with empirical material to provide a clearer insight into the relationship between ESG and cost of debt for companies in carbon dioxide-intensive industries.
Method: The study adopts a deductive approach with a quantitative method. To clarify the connection between ESG and cost of debt, secondary data is used which is analyzed using multiple regressions.
Theoretical perspective: This study is based on previous studies on the relation between the cost of debt and ESG along with the agency-theory and stakeholder-theory.
Empirical foundation: The empirical foundation for the regressions consists of collected data from LSEG Eikon for European, public companies during the period 2016-2022. A final sample includes 102 companies with a total of 714 observations.
Conclusion:
The results indicate a statistically significant negative relationship between ESG-score and the cost of debt. Thus, a higher ESG-score can be expected to generate a lower cost of debt for companies in the industrial sector. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9156232
- author
- Andersson, Vilhelm LU ; Hellberg, Johan LU and Bragard, Léo LU
- supervisor
- organization
- course
- FEKH89 20241
- year
- 2024
- type
- M2 - Bachelor Degree
- subject
- keywords
- ESG, Cost of debt, Hållbarhet
- language
- Swedish
- id
- 9156232
- date added to LUP
- 2024-07-01 12:45:56
- date last changed
- 2024-07-01 12:45:56
@misc{9156232,
abstract = {{Purpose: The purpose of this study is to investigate whether ESG ratings have any impact on cost of debt in European industrial companies. Furthermore, the study intends to contribute with empirical material to provide a clearer insight into the relationship between ESG and cost of debt for companies in carbon dioxide-intensive industries.
Method: The study adopts a deductive approach with a quantitative method. To clarify the connection between ESG and cost of debt, secondary data is used which is analyzed using multiple regressions.
Theoretical perspective: This study is based on previous studies on the relation between the cost of debt and ESG along with the agency-theory and stakeholder-theory.
Empirical foundation: The empirical foundation for the regressions consists of collected data from LSEG Eikon for European, public companies during the period 2016-2022. A final sample includes 102 companies with a total of 714 observations.
Conclusion:
The results indicate a statistically significant negative relationship between ESG-score and the cost of debt. Thus, a higher ESG-score can be expected to generate a lower cost of debt for companies in the industrial sector.}},
author = {{Andersson, Vilhelm and Hellberg, Johan and Bragard, Léo}},
language = {{swe}},
note = {{Student Paper}},
title = {{ESG-betygets påverkan på Cost of Debt}},
year = {{2024}},
}