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
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
Citation Details
Sahin, S. B., Bozkurt, G., Tatli, H. S., & Gillpatrick, T. (2025). Exploring the Causal Links between ESG, R&D, and Firm Performance: Evidence from the US Technology and Food Companies. Ekonomický časopis/Journal of Economics, 73(3-4), 99-120.