Based on the stakeholder-agency theory, this study empirically investigates the impact of environmental, social, governance, and sustainable economic performance (ESGEP) on financial performance (FP). We rely on a sample from the German DAX30, MDAX, and TecDAX stock indices from 2008 to 2017. In...

In socially responsible investment terms, Germany is a contradiction. The country is considered by many as one of the pioneers of post‐war environmentalism and social reform. Yet, German financial institutions are amongst the European laggards in adopting environmentally and socially informed...