ESG scores and firm performance- evidence from emerging market

Radhika Narula, Purnima Rao, Satish Kumar and Rahul Matta

International Review of Economics & Finance, 2024, vol. 89, issue PA, 1170-1184

Abstract: 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.

Keywords: ESG investing; ESG disclosure; Firm performance; COVID-19; Economy; India (search for similar items in EconPapers)
JEL-codes: G11 G32 M14 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:89:y:2024:i:pa:p:1170-1184

DOI: 10.1016/j.iref.2023.08.024

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