EXPLORING THE CAUSAL LINKS BETWEEN ESG, R&D, AND FIRM PERFORMANCE: EVIDENCE FROM THE US TECHNOLOGY AND FOOD COMPANIES

• Authors: Boğa Şahín Semra , Bozkurt Gözde , Tatli Hasan Sadik , Gillpatrick Tom
• Languages of publication: EN

Abstracts

EN

This study examines the causal relationships between ESG (Environmental, Social, and Governance) compliance, R&D expenditures, and financial performance in the technology and food sectors in the US. A panel dataset from 2012 – 2021 from the Thomson Reuters database was analysed for 12 food and 18 technology companies. The findings show that there are different causal relationships between sectors. While R&D investments in the technology sector positively affect firm performance by increasing ESG compliance, firm performance in the food sector directs ESG compliance, encouraging R&D investments. The study emphasizes that sectoral differences should be considered in sustainability and R&D strategies and guides policymakers and managers to develop approaches appropriate to the dynamics of the sector.

Keywords

EN

ESG CRITERIA; FIRM PERFORMANCE; R&D; FOOD INDUSTRY; US TECHNOLOGY

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2025
• Volume: 73
• Issue: 3-4
• Pages: 99 – 120

Contributors

author

Boğa Şahín Semra

• Doğuş University, Faculty of Economics and Administrative Sciences, Economics, Dudullu Osb Mah., Nato Yolu Cad. 265/1, 34775 Ümraniye/İstanbul, Turkey

• https://orcid.org/0000-0003-2799-9080

author

Bozkurt Gözde

• https://orcid.org/0000-0001-8413-1099

author

Tatli Hasan Sadik

• https://orcid.org/0000-0003-1918-3188

author

Gillpatrick Tom

• https://orcid.org/0000-0003-2253-0363

Identifiers

DOI

https://doi.org/10.31577/ekoncas.2025.03-04.01