Exploring the Causal Links between ESG, R&D, and Firm Performance: Evidence from the US Technology and Food Companies

dc.authorid0000-0003-1918-3188
dc.contributor.authorSahin, Semra Boga
dc.contributor.authorBozkurt, Gozde
dc.contributor.authorTatli, Hasan Sadik
dc.contributor.authorGillpatrick, Tom
dc.date.accessioned2026-01-31T15:09:03Z
dc.date.available2026-01-31T15:09:03Z
dc.date.issued2025
dc.departmentİstanbul Beykent Üniversitesi
dc.description.abstractThis 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.
dc.identifier.doi10.31577/ekoncas.2025.03-04.01
dc.identifier.endpage120
dc.identifier.issn0013-3035
dc.identifier.issue3-4
dc.identifier.scopus2-s2.0-105014243632
dc.identifier.scopusqualityQ4
dc.identifier.startpage99
dc.identifier.urihttps://doi.org./10.31577/ekoncas.2025.03-04.01
dc.identifier.urihttps://hdl.handle.net/20.500.12662/10804
dc.identifier.volume73
dc.identifier.wosWOS:001618205500001
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherInst Economics Research Sas & Inst Forecasting Csps Sas
dc.relation.ispartofEkonomicky Casopis
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20260128
dc.subjectESG criteria
dc.subjectfirm performance
dc.subjectR&D
dc.subjectfood industry
dc.subjecttechnology sector
dc.subjectcausality
dc.titleExploring the Causal Links between ESG, R&D, and Firm Performance: Evidence from the US Technology and Food Companies
dc.typeArticle

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