@inbook{49864ddcb00c46acbed0f6a8e848bb35,
title = "Automotive and Tire Sector: Sustainability as the New “Value” for Shareholders",
abstract = "This chapter analyses the impact of ESG scores on firms{\textquoteright} profitability in the automotive sector between 2002 and 2016 for a novel dataset of European and North American listed firms. Results show that the environmental component of the ESG scores is positively associated with firms{\textquoteright} profitability. Among the components of overall ESG, the environmental score is the only one that exhibits the most robust association. Eventually when considering firm value proxied by means of Tobin{\textquoteright}s Q, results show a negative association between the Tobin{\textquoteright}s Q and the environmental component of ESG. Further estimations have highlighted a more nuanced evidence in particular with regard to profitability in terms of ROA.",
keywords = "Automotive, ESG, Firm Performance, Tyre Sector, Automotive, ESG, Firm Performance, Tyre Sector",
author = "{Bellavite Pellegrini}, Carlo and Raul Caruso and Rocco Cifone",
year = "2022",
doi = "10.1007/978-3-030-90115-8",
language = "English",
isbn = "978-3-030-90114-1",
series = "PALGRAVE STUDIES IN IMPACT FINANCE",
pages = "155--184",
booktitle = "Climate change adaptation, governance and new issues of value. Measuring the impact of ESG scores on CoE and Firm performance",
}