CFSMR
Centre for Sustainability & Management Research
Dr. Priya Sharma, Prof. Rahul Mehta, Dr. Ananya Singh
Published March 15, 2024 · Vol. 1 · Issue 1 · pp. 1-28
Keywords: ESG; emerging markets; firm performance; disclosure; sustainability
This study examines the relationship between Environmental, Social, and Governance (ESG) disclosure quality and firm financial performance across 450 listed companies in emerging markets from 2018-2023. Using panel data regression with fixed effects, we find a significant positive association between ESG transparency and both return on equity and Tobin's Q. Our findings suggest that voluntary ESG disclosure creates value through reduced information asymmetry and improved stakeholder relationships.
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Sharma, D. P., Mehta, P. R., & Singh, D. A. (2024). ESG Disclosure and Firm Performance: Evidence from Emerging Markets. Sustainablity Cases, 1(1), 1-28. https://doi.org/10.1234/jsb.2024.001
Sharma, D. P., et al.. "ESG Disclosure and Firm Performance: Evidence from Emerging Markets." Sustainablity Cases, vol. 1, no. 1, 2024, pp. 1-28. DOI: 10.1234/jsb.2024.001.
Sharma, D. P., Prof. Rahul Mehta, Dr. Ananya Singh. "ESG Disclosure and Firm Performance: Evidence from Emerging Markets." Sustainablity Cases 1, no. 1 (2024): 1-28. https://doi.org/10.1234/jsb.2024.001