University of Twente Student Theses
Does responsible behavior of insurance companies pay off?
Orlova, D. (2022) Does responsible behavior of insurance companies pay off?
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| Abstract: | There is very little literature on influence of ESG on insurance companies. A review of literature (primarily focused on nonfinancial companies) shows that high ESG reduces idiosyncratic risks of investment, that ESG in general has a positive influence on returns. There is little theoretical basis to explain why this is the case. The aim of the thesis is to study the impact of ESG on the financial performance of insurance companies and to fill in the gap between the knowledge about the influence of ESG on financial companies. Using ESG score from Refinitiv, and ROA and ROE as measures of financial performance, the OLS multiple regression model is created for comparing linear regression coefficients via Z-test of linear regression. From the model, ESG, Environmental and Social scores are significantly positively associated with performance measures ROA and ROE. The paper attempts to fill the knowledge gap on the impact of ESG on performance of insurance companies and could be useful for further model development. |
| Item Type: | Essay (Bachelor) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | International Business Administration BSc (50952) |
| Link to this item: | https://purl.utwente.nl/essays/93365 |
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