@article{article_1556525, title={Effect of Accounting and ESG Controversies on Financial Performance: Moderating Effect of ESG}, journal={Fiscaoeconomia}, volume={9}, pages={1213–1224}, year={2025}, DOI={10.25295/fsecon.1556525}, author={Çek, Kemal}, keywords={Muhasebe Tartışmaları, ESG Tartışmaları, Çevresel, Sosyal ve Yönetişim (ESG), Piyasa Bazlı Performans, Karlılık Bazlı Performans}, abstract={This study unveils the crucial impact of ESG (Environmental, Social and Governance) performance on controversies and the firm performance nexus for companies listed in S&P1500. We measure firm performance regarding market-based (Tobin’s Q) and profitability-based (ROA) performance, while controversies are gauged by accounting and ESG-related issues. To achieve the highest level of accuracy, we employ the System Generalized Method of Moments (GMM) estimation to address for endogeneity. The key findings reveal a positive interaction effect between lagged ESG and controversies about market-based performance. However, lagged ESG does not significantly impact profitability-based performance measures in the context of controversies.}, number={2}, publisher={Ahmet Arif EREN}