Published In

Ekonomický Časopis

Document Type

Article

Publication Date

8-26-2025

Subjects

Firm performance -- Technology sector

Abstract

This study examines the causal relationships between ESG (Environmental, Social, and Governance) compliance, R&D expenditures, and financial performance in the technology and food sectors in the US. A panel dataset from 2012 – 2021 from the Thomson Reuters database was analysed for 12 food and 18 technology companies. The findings show that there are different causal relationships between sectors. While R&D investments in the technology sector positively affect firm performance by increasing ESG compliance, firm performance in the food sector directs ESG compliance, encouraging R&D investments. The study emphasizes that sectoral differences should be considered in sustainability and R&D strategies and guides policymakers and managers to develop approaches appropriate to the dynamics of the sector.

Rights

Copyright (c) 2025 The Authors

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

DOI

10.31577/ekoncas.2025.03-04.01

Persistent Identifier

https://archives.pdx.edu/ds/psu/44062

Included in

Business Commons

Share

COinS