Master Thesis Online
The Impact of Publishing Sustainability Reports in Belgium: A Market Research Analysis
Folepe Kenfack, Sonia Nesline 
Promotor(s) :
Torsin, Wouter
Date of defense : 20-Jun-2025/24-Jun-2025 • Permalink : http://hdl.handle.net/2268.2/22938
Details
| Title : | The Impact of Publishing Sustainability Reports in Belgium: A Market Research Analysis |
| Author : | Folepe Kenfack, Sonia Nesline
|
| Date of defense : | 20-Jun-2025/24-Jun-2025 |
| Advisor(s) : | Torsin, Wouter
|
| Committee's member(s) : | Prunier, Laurent
|
| Language : | English |
| Number of pages : | 73 |
| Keywords : | [en] ESG Disclosure, Market Reaction, Stock Price Returns, ESG Score, BEL-20 Index, Paris Agreement, COVID-19 Crisis |
| Discipline(s) : | Business & economic sciences > Accounting & auditing |
| Target public : | Researchers Professionals of domain |
| Institution(s) : | Université de Liège, Liège, Belgique |
| Degree: | Master en sciences de gestion, à finalité spécialisée en Financial Analysis and Audit |
| Faculty: | Master thesis of the HEC-Ecole de gestion de l'Université de Liège |
Abstract
[en] This thesis investigates the impact of sustainability reporting on market reactions for Belgium’s
largest firms. Specifically, we investigate whether higher levels of ESG (Environmental, Social, and
Governance) disclosure are associated with positive market reactions in the BEL-20 index. In
response to the growing debate on ESG financial materiality, this thesis addresses the lack of
clarity surrounding the financial market’s response to ESG disclosures in the context of Belgian
f
irms listed on the BEL-20 index.
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Master Thesis-Sonia Nesline FOLEPE KENFACK-S216109.pdf
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The University of Liège does not guarantee the scientific quality of these students' works or the accuracy of all the information they contain.
