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Percorrer por autor "Holey, Peter"

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  • Not my fault! Leveraging ESG-scores for strategic resilience against peer-originated shocks
    Publication . Holey, Peter; Ilseven, Ekin
    Scandals such as Dieselgate, Deepwater Horizon and the Boeing 737 MAX crisis have farreaching effects that extend beyond the company itself and impact the reputation of other innocent firms industry-wide. The latest ESG literature highlights that companies having strong sustainability management and sustainable practices may have also the potential for greater resilience against such unexpected peer-originated reputational crises. This study tests the two hypotheses that ESG has a positive risk-mitigating effect on shocks caused by peer-originated and that there is a strategic match between the ESG factor and the respective crisis. This thesis uses a quantitative approach combining synthetic control and difference-in-differences, and investigates the resilience of firms in the automotive sector during reputational crises, with a focus on corporate governance as a resilience factor using Volkswagen9s diesel emissions scandal in 2015 as a case study. The results show that (1) ESG acts as a protective shield against shocks from peer-originated and (2) governance as a strategic adjustment has the strongest effect in governance-related crises. The implications of these findings highlight the importance of ESG, particularly governance, as a short-term protective mechanism during reputational crises, emphasizing the need for firms to strategically align their governance practices to mitigate immediate reputational and financial damage.
    2025-02-12Dissertação de mestrado Acesso aberto Ver mais