Purpose-The study aims to investigate whether the ESG performance of corporations from environmentally sensitive industries has any effects on their financial performance and whether the impacts of the ESG performance of environmentally sensitive corporations differ between developed and emerging countries. Methodology-The ESG performance scores and financial performance scores for a 10-year period have been collected from the Thomson Reuters Eikon database and panel regression analyses have been carried out to evaluate the economic value of the ESG performance of these corporations. Findings-Our findings show that the overall ESG performance of environmentally sensitive corporations has a significant positive relationship with the return on equity (ROE) and the Tobin's Q of the corporations. In addition, the overall ESG performance of the environmentally sensitive corporations from developed countries has positive impact on the ROE and on the Tobin's Q whereas the ESG performance score of the environmentally sensitive corporations from emerging countries does not have any significant effect on their corporate financial performance. The findings also indicate that the impacts of the ESG performance of environmentally sensitive corporations on their financial performance are stronger in developed countries than in emerging countries. Conclusion-This study contributes to the literature by adding a better understanding of the ESG-financial performance relationship of environmentally sensitive corporations from both developed and emerging market contexts.
This paper aims to analyse the adverse effects of the Rohingya influx on the economy of Bangladesh in recent years. Since the independence of Bangladesh, it has been gone through many ups and downs in the country's economic movement. The per capita income of the country has exceeded about two thousand US dollars. All the development indicators are upward in GDP. Rohingya people in Rakhine state, Myanmar have been facing decades of planned discrimination, statelessness, and targeted violence. For many years this kind of torture over the innocent Rohingya women, girls, boys and men has forced them to the influx to Bangladesh. The rapid spread of the Rohingya crisis also has been surprising for last three years to the Bangladesh government. From social to economic, economic to politics Rohingya refugees have impacts into the country. This research paper follows the empirical and narrative oriented research design in relation to find out the negative economic impact of the Rohingya influx to Bangladesh. One of the principal aims of the findings of this paper is to draw the attention of the policymakers and other concerns about the deleterious effects of the influx both in the future and present conditions. First and foremost, the negative impact of the Rohingya influx to Bangladesh on the economy is the increased cost of living and regional employment crisis. Moreover, a huge fall of the daily wage amount can be noticed. Furthermore, the country is facing a noticeable loss in the tourism sector and government expenditure on the health and security sector has risen since 2017. Hence, the government of Bangladesh should take necessary steps for the effective repatriation process without any delay to mitigate the financial cost burden.
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