ESG scores and firm performance- evidence from emerging market

被引：56

作者：

Narula, Radhika ^{[1
]}

Rao, Purnima ^{[1
]}

Kumar, Satish ^{[2
]}

Matta, Rahul ^{[3
]}

机构：

[1] Fortune Inst Int Business FIIB, New Delhi, India

[2] Indian Inst Management Nagpur, Nagpur, India

[3] Indian Inst Management, Rohtak, Haryana, India

来源：

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2024年 / 89卷

关键词：

ESG investing; ESG disclosure; Firm performance; COVID-19; Economy; India; CORPORATE SOCIAL-RESPONSIBILITY; FINANCIAL PERFORMANCE; SUSTAINABLE DEVELOPMENT; GOVERNANCE; DISCLOSURE; IMPACT; OWNERSHIP; RISK; CSR; PROFITABILITY;

D O I：

10.1016/j.iref.2023.08.024

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the effect of ESG (environmental, social, and governance) disclosure scores on the firm's performance (operational, financial, and market) using Indian firms. The study assesses the critical COVID period and provides empirical evidence from the world's 5th largest economy. The findings from empirical results declare that all components of ESG are not significantly related to firm performance. We conclude that the impact of ESG-related activities is yet to be witnessed tangibly for firm performance. The study also opens an array of future research opportunities.

引用

页码：1170 / 1184

页数：15

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