Please use this identifier to cite or link to this item: https://cuir.car.chula.ac.th/handle/123456789/84676
Title: The influence of ESG performance on the cost of debt: evidence from Asia Pacific Countries: the moderating role of economic policy uncertainty
Other Titles: อิทธิพลของประสิทธิภาพจากปัจจัย สิ่งแวดล้อม สังคม และ ธรรมาภิบาล (ESG) ต่อต้นทุนของหนี้: หลักฐานจากประเทศในภูมิภาคเอเชียแปซิฟิก: ผ่านบทบาทของความไม่แน่นอนทางนโยบายเศรษฐกิจ
Authors: Wiraya Nillaorsrisakul
Advisors: Boonlert Jitmaneeroj
Other author: Chulalongkorn University. Faculty of commerce and accountancy
Issue Date: 2023
Publisher: Chulalongkorn University
Abstract: This paper examines the influence of ESG performance on the cost of debt (CoD) in Asia-Pacific firms from 2010 to 2022. It is among the first to explore how ESG performance scores affect the cost of debt against different economic conditions and market maturity levels.The study finds that companies with higher ESG ratings, particularly environmental and social dimensions, correlate with lower borrowing costs. Governance scores also matter, but they don't seem to influence borrowing costs as much. Additionally, the paper reveals that ESG's impact on borrowing costs is stronger in developed countries than in emerging ones. The research also indicates that during times of economic uncertainty, firms with better social ESG scores are able to adapt more effectively, which may influence their borrowing costs.
Description: Independent Study (M.Sc.)--Chulalongkorn University, 2023
Degree Name: Master of Science
Degree Level: Master's Degree
Degree Discipline: Finance
URI: https://cuir.car.chula.ac.th/handle/123456789/84676
Type: Independent Study
Appears in Collections:Acctn - Independent Studies

Files in This Item:
File Description SizeFormat 
6584050226.pdf1.17 MBAdobe PDFView/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.