ESG scoring and financial performance in micro and small enterprises

Stránka jednoduchej položky
dc.contributor.authorKrištofík, Peter
dc.contributor.authorKanderová, Mária
dc.contributor.authorHerc, Šimon
dc.date.accessioned2025-09-19T09:07:02Z
dc.date.available2025-09-19T09:07:02Z
dc.date.issued2024
dc.descriptionIn: Acta aerarii publici : vedecký časopis Ekonomickej fakulty Univerzity Mateja Bela v Banskej Bystrici. Banská Bystrica : Vydavateľstvo Univerzity Mateja Bela - Belianum, 2024. ISSN 1336-8818. Roč. 21, č. 1 (2024), s. 59-68.
dc.description.abstractThis paper investigates the influence of Environmental, Social, and Governance (ESG) principles on corporate financial management within micro- and small enterprises. The primary objective is to assess the impact of ESG integration on the financial performance of these firms. The study commences with a comprehensive review of ESG reporting, underscoring its significance in evaluating corporate performance and ensuring long-term sustainability. A mixed-method approach, incorporating both quantitative and qualitative analyses, is employed to examine data from 200 Slovak companies across various industries. The study explores the correlation between ESG assessments and financial metrics, including Return on Assets (ROA) and Return on Sales (ROS). The results indicate an ambiguous relationship between ESG scores and financial performance, implying that while ESG adoption is vital for sustainability, its short-term financial advantages may be limited. Additionally, the paper addresses the challenges encountered by Slovak enterprises in ESG reporting, such as insufficient awareness and the perceived financial burden of compliance. Recommendations include broadening the dataset and extending the temporal scope of the analysis for more robust insights. The paper also advocates for heightened awareness of ESG principles through educational programs and the enforcement of EU regulations on ESG reporting. These findings aim to contribute both to academic discourse and the practical application of ESG principles, thereby fostering sustainable business practices in Slovakia.
dc.identifier.doihttps://doi.org/10.24040/aap.2024.21.1.59-68
dc.identifier.issn1336-8818
dc.identifier.issn2989-3186
dc.identifier.urihttps://repo.umb.sk/handle/123456789/863
dc.language.isoen
dc.publisherBelianum. Vydavateľstvo Univerzity Mateja Bela v Banskej Bystrici
dc.rightsCC BY-ND Creative Commons Attribution-NoDerivatives 4.0. International
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nd/4.0/
dc.subjectESG faktory
dc.subjectESG factors
dc.subjectfinančná výkonnosť
dc.subjectfinancial performance
dc.subjectrobotický operačný systém
dc.subjectRobot Operating System
dc.subjectROS mikropodniky
dc.subjectmicroenterprises
dc.subjectmalé podniky
dc.subjectsmall businesses
dc.subjectsmall enterprises
dc.titleESG scoring and financial performance in micro and small enterprises
dc.title.alternativeESG skóring a finančná výkonnosť v mikropodnikoch a malých podnikoch
dc.typeArticle
dc.typeinfo:eu-repo/semantics/article

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