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Athanasios P. Fassas

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Open access Sep 2026

ESG Performance and Corporate Bankruptcy Risk: A Pan‐European Analysis

This study analyzes how Environmental, Social, and Governance (ESG) performance affects bankruptcy risk, using data from publicly listed firms across 17 European countries over a 21‐year period. We find that higher ESG scores are significantly associated with lower bankruptcy risk, as proxied by Z ‐score. In addi...

Athanasios P. Fassas · 0 citations

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