Journal of Investment, Banking and Finance(JIBF)

Faculty of Economics and Business, University of Gadjah Mada, Indonesia

Publications

• Research Article   
  Dynamic Interplay and Financial Materiality of Technology-Centric ESG in the Health Sector: A Granular Econometric Investigation
  Author(s): Henry Efe Onomakpo Onomakpo*
  
  This study investigates the financial materiality of disaggregated, technology-centric Environmental, Social, and Governance (ESG) characteristics and their dynamic interplay within the health sector. Using Two-Way Fixed Effects panel regressions on 726 firm-month observations (ABBV, BMY, JNJ, LLY, MRK, PFE), the study assesses the impact of analogous ESG scores like Tech Sustainability Integration (TSIS) and Socio-Ethical Tech Alignment (SETAS) on excess returns. A Vector Auto-regression (VAR) model examines the dynamics between a constructed health sector-specific ESG factor (STIF) and sectoral innovation. Key findings indicate that TSIS and SETAS have a positive and significant impact on excess returns. VAR analysis reveals STIF Granger-causes sectoral innovation dynamism, though not vice-versa with general market factors. This research offers granular insights into ESG materiality.. Read More»
  

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