March 2026
Governance and Value: A Disaggregated Environmental, Social, and Governance (ESG) Analysis of Corporate Financial Performance (CFP) in Philippine Publicly Listed Firms
This study investigates the relationship between Environmental, Social, and Governance (ESG) performance and corporate financial performance (CFP) among publicly listed firms in the Philippines from 2015 to 2024. Using Bloomberg's ESG scores, a triangulated econometric framework was employed that combines contemporaneous estimation via Feasible Generalized Least Squares and dynamic panel modeling via the Panel Generalized Method of Moments.