Dr ESG

While we have examined the relationship between ESG performance and firm market value, the relationship between enterprise value and ESG performance was not explored.  The standard hypothesis is that the relationship between firm market value and enterprise value is highly correlated.  Although the difference between enterprise value and firm value is the market value of debt, since debt is well managed by firms, debt shouldn't impact the relationship. Below are the charts exploring the relationship between enterprise value, firm market value, and ESG performance.

Recently, I learned about Seaborn's joint plot function in Python. Thus, I used the joint plot function to make a few plots based on the 2017 data I posted the other day. Below are the joint plots. They should shed more light on the correlation values from the heatmap.   Note: These charts are for educational purposes only. Please do not distribute.

After some time, I have decided to go back and work on my Ph.D. data.  During my studies, I used SAS and Stata for the analysis.  Now, I will be redoing -- re-engineering -- the project using Pytho and R.  Thus, I will be generating new tables, charts, and, etc.   I will a lso be posting some of the insights from my data.  Today, I decided to post a heatmap (correlation ) matrix. The heatmap shows that ESG scores are not highly correlated with the market value (MV) and enterprise value (EV) of the firms in the sample.  The data is from 2017. Note: This chart is for educational purposes only. Please do not distribute.