This study re-examines the impact of ESG (economic, environmental, social, and corporate governance performance) on the financial performance of UK firms. Most recent sample of 351 firms from FTSE350 for the time period 2002-2018 is used. The study estimates the impact of total ESG and individual dimensions of ESG on corporate financial performance using static and dynamic panel data techniques, and it also examines the impact of high and low ESG on firm financial performance. Further, the study investigates the role of firm size as a moderator in the relationship between ESG and firm financial performance. The results of total ESG performance indicate that ESG has a positive and significant impact on firm financial performance. However, in the case of the individual ESG performance, the results are mixed. Overall, the results confirm that high ESG firms show high financial performance as compared to low ESG firms. Results indicate that firm size moderates the relationship between ESG performance and firm financial performance.
The rationale behind this study is to examine the impact of Islamic work ethics (IWE) on turnover intention (TI) among employees of commercial banks across Pakistan. Further, this research also explores the mediating role of IM on the association between IWE and TI. Survey design opted was crosssectional, in order to gather data through a convenience sampling technique. Two hundred and eighty-seven employees of commercial banks participated in the survey. For testing the proposed model we employed partial least squares structural equation modeling (PLS-SEM) technique in Smart PLS3.0. The findings indicate that IWE has a positive relationship with IM, and IM has a negative relationship with TI. It has also been seen that IM mediates the relationship between IWE and TI. The human resource wing should incorporate IWE principles and standards as part of their plan to achieve exceptional workrelated outcomes such as high performance, commitment, and lower TI. Organizations should charily assess the magnitude and type of IWE of employees before employing or promoting them. Furthers, managers take steps to promote IWE principles and standards at the organization. IWE principles and Islamic teaching guide individuals in all areas of life; therefore, managers should teach IWE principles and standards via training sessions to increase the level of IWE in subordinates.
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