TR
EN
The Impact of ESG Controversies on the Market Value in the Energy Sector
Öz
The energy sector has relatively higher exposure to controversial publicity due to the nature of industry operations. For this reason, this study focuses on the energy sector and aims to evaluate the impact of ESG controversies scores (Environmental Controversies, Social Controversies and Governance Controversies) of LSEG (former Refinitiv EIKON) database on market value of firms. We investigate the relationship between ESG controversies and the market value of 393 firms in 2018-2022 using Dynamic Panel Data Regression Models. The findings of the study, carried out with system GMM, reveal that the market value of firms in the previous period has had a statistically significant positive effect on the market value of firms in the current period. There is a positive and statistically significant relationship between market value and governance controversies. Yet, no statistically significant relationship was detected between market value and environmental controversies (CE), or market value and social controversies.
Anahtar Kelimeler
Destekleyen Kurum
NA
Proje Numarası
NA
Etik Beyan
NA
Teşekkür
NA
Kaynakça
- .............................
Ayrıntılar
Birincil Dil
İngilizce
Konular
Sürdürülebilir Kalkınma, Finansal Öngörü ve Modelleme, Finansal Piyasalar ve Kurumlar
Bölüm
Araştırma Makalesi
Yayımlanma Tarihi
31 Ekim 2025
Gönderilme Tarihi
12 Mayıs 2025
Kabul Tarihi
6 Ekim 2025
Yayımlandığı Sayı
Yıl 2025 Cilt: 10 Sayı: Özel Sayı
APA
Sayılır, Ö., Chelery Komath, M. A., & Karaaslan, İ. (2025). The Impact of ESG Controversies on the Market Value in the Energy Sector. Ekonomi Politika ve Finans Araştırmaları Dergisi, 10(Özel Sayı), 305-317. https://doi.org/10.30784/epfad.1697801
AMA
1.Sayılır Ö, Chelery Komath MA, Karaaslan İ. The Impact of ESG Controversies on the Market Value in the Energy Sector. EPF Journal. 2025;10(Özel Sayı):305-317. doi:10.30784/epfad.1697801
Chicago
Sayılır, Özlem, Muhammed Aslam Chelery Komath, ve İbrahim Karaaslan. 2025. “The Impact of ESG Controversies on the Market Value in the Energy Sector”. Ekonomi Politika ve Finans Araştırmaları Dergisi 10 (Özel Sayı): 305-17. https://doi.org/10.30784/epfad.1697801.
EndNote
Sayılır Ö, Chelery Komath MA, Karaaslan İ (01 Ekim 2025) The Impact of ESG Controversies on the Market Value in the Energy Sector. Ekonomi Politika ve Finans Araştırmaları Dergisi 10 Özel Sayı 305–317.
IEEE
[1]Ö. Sayılır, M. A. Chelery Komath, ve İ. Karaaslan, “The Impact of ESG Controversies on the Market Value in the Energy Sector”, EPF Journal, c. 10, sy Özel Sayı, ss. 305–317, Eki. 2025, doi: 10.30784/epfad.1697801.
ISNAD
Sayılır, Özlem - Chelery Komath, Muhammed Aslam - Karaaslan, İbrahim. “The Impact of ESG Controversies on the Market Value in the Energy Sector”. Ekonomi Politika ve Finans Araştırmaları Dergisi 10/Özel Sayı (01 Ekim 2025): 305-317. https://doi.org/10.30784/epfad.1697801.
JAMA
1.Sayılır Ö, Chelery Komath MA, Karaaslan İ. The Impact of ESG Controversies on the Market Value in the Energy Sector. EPF Journal. 2025;10:305–317.
MLA
Sayılır, Özlem, vd. “The Impact of ESG Controversies on the Market Value in the Energy Sector”. Ekonomi Politika ve Finans Araştırmaları Dergisi, c. 10, sy Özel Sayı, Ekim 2025, ss. 305-17, doi:10.30784/epfad.1697801.
Vancouver
1.Özlem Sayılır, Muhammed Aslam Chelery Komath, İbrahim Karaaslan. The Impact of ESG Controversies on the Market Value in the Energy Sector. EPF Journal. 01 Ekim 2025;10(Özel Sayı):305-17. doi:10.30784/epfad.1697801