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The Effect of ESG on Indices’ and Firms’ Performance. A Global and an Egyptian Context.
Over the years, ESG (environmental, social, and governance) investing has been increasingly adopted by the financial markets. In this paper, we aim to study the effect of ESG on Indices’ and Firms’ performance using Morgan Stanley Capital International (MSCI) Indices as a global reference and Egypt’...
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| Format: | Thesis |
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AUC Knowledge Fountain
2024
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| _version_ | 1867613423050686464 |
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| access_status_str | Open Access |
| author | Abdelmalak, Demiana |
| author_browse | Abdelmalak, Demiana |
| author_facet | Abdelmalak, Demiana |
| author_sort | Abdelmalak, Demiana |
| collection | Thesis |
| description | Over the years, ESG (environmental, social, and governance) investing has been increasingly adopted by the financial markets. In this paper, we aim to study the effect of ESG on Indices’ and Firms’ performance using Morgan Stanley Capital International (MSCI) Indices as a global reference and Egypt’s indices as a national reference. We also study the effect of ESG scores on the Egyptian Firms’ performance over the past 16 years using econometrical models and Fama- French Five Factors Model. Our research shows mixed results which are aligned with the existing literature review. However, one can conclude that there is a positive significant relationship between the total ESG score and the excess return of the Egyptian stocks, using Fama-French five factors model. |
| format | Thesis |
| id | oai:fount.aucegypt.edu:etds-3246 |
| institution | American University in Cairo (Egypt) |
| last_indexed | 2026-06-10T12:35:54.296Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from AUC Knowledge Fountain — bepress |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | AUC Knowledge Fountain |
| publisherStr | AUC Knowledge Fountain |
| record_format | dspace |
| source_str | AUC Knowledge Fountain — bepress |
| spelling | oai:fount.aucegypt.edu:etds-3246 The Effect of ESG on Indices’ and Firms’ Performance. A Global and an Egyptian Context. Abdelmalak, Demiana Over the years, ESG (environmental, social, and governance) investing has been increasingly adopted by the financial markets. In this paper, we aim to study the effect of ESG on Indices’ and Firms’ performance using Morgan Stanley Capital International (MSCI) Indices as a global reference and Egypt’s indices as a national reference. We also study the effect of ESG scores on the Egyptian Firms’ performance over the past 16 years using econometrical models and Fama- French Five Factors Model. Our research shows mixed results which are aligned with the existing literature review. However, one can conclude that there is a positive significant relationship between the total ESG score and the excess return of the Egyptian stocks, using Fama-French five factors model. 2024-01-31T08:00:00Z thesis application/pdf https://fount.aucegypt.edu/etds/2187 https://fount.aucegypt.edu/context/etds/article/3246/viewcontent/Demiana_Thesis_Final_Submission_.pdf Theses and Dissertations AUC Knowledge Fountain ESG Investment MSCI Low Carbon Target Egyptian Stock Exchange Fama-French Five Factors Model. Business |
| spellingShingle | ESG Investment MSCI Low Carbon Target Egyptian Stock Exchange Fama-French Five Factors Model. Business Abdelmalak, Demiana The Effect of ESG on Indices’ and Firms’ Performance. A Global and an Egyptian Context. |
| title | The Effect of ESG on Indices’ and Firms’ Performance. A Global and an Egyptian Context. |
| title_full | The Effect of ESG on Indices’ and Firms’ Performance. A Global and an Egyptian Context. |
| title_fullStr | The Effect of ESG on Indices’ and Firms’ Performance. A Global and an Egyptian Context. |
| title_full_unstemmed | The Effect of ESG on Indices’ and Firms’ Performance. A Global and an Egyptian Context. |
| title_short | The Effect of ESG on Indices’ and Firms’ Performance. A Global and an Egyptian Context. |
| title_sort | effect of esg on indices and firms performance a global and an egyptian context |
| topic | ESG Investment MSCI Low Carbon Target Egyptian Stock Exchange Fama-French Five Factors Model. Business |
| url | https://fount.aucegypt.edu/etds/2187 https://fount.aucegypt.edu/context/etds/article/3246/viewcontent/Demiana_Thesis_Final_Submission_.pdf |
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