@inbook{d5d0b846adf1461981bcbcbe8bf4acf3,
title = "ESG, COE and Profitability in the Oil and Gas Sector",
abstract = "This chapter empirically explores Oil and Gas sector, trying to investigate the effect of ESG Scores on (1) Cost of equity (COE) and (2) Firm{\textquoteright}s profitability (FP) for a sample of operating firms. We focus on a panel of data composed of more than 100 public firms, from 2002 to 2018/2019, and the main variables of interest are (1) The Implied Cost of Equity and (2) Return on Assets (ROA). We propose a dichotomic analysis with different aims of research: in the first analysis we try to estimate the firms{\textquoteright} ex-ante cost of equity adopting Easton Model, which expresses the share price in terms of one-year-ahead expected dividend per share and one- and two-year-ahead expected earnings per share. For the second analysis instead, we consider Return on Assets as a proxy for a firm{\textquoteright}s profitability.",
keywords = "Cost of Equity, ESG, Gas, Oil &, Profitability, Cost of Equity, ESG, Gas, Oil &, Profitability",
author = "{Bellavite Pellegrini}, Carlo and Raul Caruso and Marco Seracini",
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 = "127--153",
booktitle = "Climate change adaptation, governance and new issues of value. Measuring the impact of ESG scores on CoE and Firm performance",
}