This study aims to explore the relationship between the cost of debt and ESG reporting disclosure and performance. The extant literature presents mixed findings, with some studies establishing a significant negative relationship between the variables, while others report inconclusive or even positive results. Our analysis of 1,012 Nordic non-financial firms listed from 2011 to 2019 reveals that ESG reporting disclosure has a significant negative relationship with the cost of debt for some models, whereas ESG performance shows an insignificant relationship across all models. The variability in ESG rating methodologies and the time period of data collection are potential factors influencing these mixed results. Limited access to ESG data, selection bias, and survivorship bias also pose challenges to the analysis.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:uu-533694 |
| Date | January 2024 |
| Creators | Andersson, Jakob, Patrik, Schwartz |
| Publisher | Uppsala universitet, Företagsekonomiska institutionen |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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