Does ESG disclosure really influence the firm performance? Evidence from India

被引：1

作者：

Veeravel, V. ^{[1
]}

Murugesan, Vijaya Prabhagar ^{[2
]}

Narayanamurthy, Vijayakumar ^{[3
]}

机构：

[1] SRM Univ AP, Paari Sch Business, Amaravati, Andhra Pradesh, India

[2] Indian Inst Management Jammu IIMJ, IT Syst & Analyt, Jammu 181221, India

[3] Pondicherry Univ, Sch Management, Dept Commerce, Pondicherry, India

来源：

QUARTERLY REVIEW OF ECONOMICS AND FINANCE | 2024年 / 95卷

关键词：

Sustainability; ESG disclosure; Firm performance; GMM; CORPORATE SOCIAL-RESPONSIBILITY; FINANCIAL PERFORMANCE; ENVIRONMENTAL PERFORMANCE; GOVERNANCE DISCLOSURE; GENDER DIVERSITY; PANEL-DATA; IMPACT; SUSTAINABILITY; TRANSPARENCY; INFORMATION;

D O I：

10.1016/j.qref.2024.03.008

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we examine the influence of ESG disclosure scores on firm performance of companies listed in the National Stock Exchange (NSE). The study uses 167 sample firms from 2010 to 2020. We capitalise overall ESG disclosure scores taken as a proxy to measure the effect of sustainability disclosure on firm performance. Further, we consider the return on assets (ROA), return on equity (ROE), Tobin's Q, and Price Earnings ratio (P/E ratio) as firm performance measures. We employ dynamic panel data regression analysis to examine the influence of ESG disclosures on performance of the firm. In order, to address the endogeneity issues, we apply Generalised Method of Moments (GMM) model. The study results show a positive relationship between ESG disclosure and firm performance. It suggests that companies' desire to enhance their performance need to pay more attention towards sustainability disclosures.

引用

页码：193 / 202

页数：10

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