The level of ESG risk can be directly linked to financial performance, such as profitability and liquidity (Nirino et al., 2021), which affects the composition of investors' portfolios under different investment strategies. To mitigate ESG risks, companies adopt sustainable business models and adjust...
In addition, this study applies a Tobit regression and Kruskal-Wallis one-way ANOVA to identify the impact of leverage, liquidity, and firm size, which are major capital structure factors influencing FV. The analysis yields three main results. First, in the ICT industry, small and medium ...