Влияние ESG-повестки на финансовые показатели компаний на мировом рынке быстрой моды/The impact of the ESG-agenda on the financial performance of companies in the global fast fashion market

Аннотация

This study explores how ESG affects the financial performance of companies in the fast fashion industry. We have studied the impact of ESG on the financial performance of companies, considering the period from 2012 to 2022, we collect a sample of apparel industry companies, firms that have ESG estimates for the entire period, applying a well-designed linear regression model using pooled OLS, FE and RE models to a panel dataset. The results of the study show that ESG has a positive effect on the financial performance of the company. In addition, other variables such as Dividend Payout Ratio, Research and Development, Net profit also have positive impact on financial performance. Results of our work are important for companies and the economy as a whole because we have proven the positive impact of ESG on companies' financial performance, which underestimates the importance of integrating ESG into companies' activities. Based on the results obtained, we will prepare recommendations for the successful implementation of ESG in the activities of companies in the fast fashion industry.