Lohmann, Christian; Möllenhoff, Steffen; Lehner, Sebastian - In: Corporate Social Responsibility and Environmental Management 32 (2025) 5, pp. 6377-6401
This empirical study analyzes the relationship between a company's financial distress obtained from a bankruptcy … between financial distress and ESG scores. Financially distressed companies exhibit high ESG scores. Further empirical … analysis shows that the most plausible interpretation is that companies anticipate their upcoming financial distress and …