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Influence of ESGC Indicators on Financial Performance of Listed Travel and Leisure Companies Rodríguez-Fernández, María Mercedes Sánchez-Teba, Eva María López-Toro, Alberto Antonio Borrego-Domínguez, Susana Indicadores ambientales Indicadores sociales Rentabilidad Agencias de viajes - Aspectos económicos The objective of this work was to research the impact of environmental, social, governance, and controversies (ESGC) indicators on financial performance. We used a sample of financial and nonfinancial business data from international countries for 2017 obtained through the Thomson Reuters environmental, social, and corporate governance (ESG) database. The company participants in the study belong to the tourism sector and are listed on international stock market indices. The methodology used was based on parametric and nonparametric statistical tests. Evidence supports that governance practices significantly influence financial performance. The contribution of the study is two-fold—from a theoretical perspective, it adds to the existing literature and, from an empirical point of view, we developed ESGC indicators and their relationship with financial performance using a binary regression logistic model, with results that can be applied to an international tourist perspective. 2025-11-11T13:40:31Z 2025-11-11T13:40:31Z 2025-11-11T13:40:31Z 2019-10-07 journal article Rodriguez-Fernandez, Mercedes; Sánchez, Eva M.; Lopez-Toro, Alberto Antonio; Borrego-Domínguez, Susana. 2019. Influence of ESGC Indicators on Financial Performance of Listed Travel and Leisure Companies. Sustainability. 11, pp. 1-20. https://doi.org/10.3390/su11195529 https://hdl.handle.net/10630/40681 10.3390/su11195529 eng open access MDPI