Resource-based view on corporate sustainable financial reporting and firm performance: evidences from emerging Indian economy

Sharma, Dipasha; Bhattacharya, Sonali; Thukral, Shagun

doi:10.1504/ijbge.2019.099565

Cited by 30 publications

(9 citation statements)

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“…Sharma et al (2019) explored the impact of ESG disclosure on the financial performance of companies in an emerging economy. The ESG disclosure score showed a negative association with measures of firm performance, with the relationship being marginally significant with ROA.…”

Section: Review Of Literaturementioning

confidence: 99%

Impact of ESG Risk Scores on Firm Performance: An Empirical Analysis of NSE-100 Companies

Shobhwani,

Lodha

2023

Asia-Pacific Journal of Management Research and Innovation

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This study aims to compare the overall environment, social and governance (ESG) risk score and environment risk score, social risk score and governance risk scores across different industrial sectors in India and explore the impact of overall ESG risk score, environmental, social and governance risk score on firm performance. The ESG risk score is collected for 2021–2022 from Yahoo Finance, and financial data were collected from Prowess IQ. The Nifty 100 index of NSE is used as a platform to shortlist firms. Tobin’s Q, return on assets (ROA) and return on equity (ROE) are used as proxy for the firm performance which determines the market-based, operating and financial performance, respectively. We found a significant difference among the ESG risk scores, ESG risk scores of different industries. There is a low correlation between ESG scores, environment scores, social scores, governance scores and Tobin’s Q, ROA and ROE. The regression results show that the ESG risk score has an insignificant negative impact on Tobin’s Q (market-based performance) and the environmental risk scores, social risk scores and governance risk scores have an insignificant positive impact on the Tobin’s Q. ESG risk score has an insignificant negative impact on ROA (operating performance) and ROE (financing performance) while the environment risk scores, social risk scores and governance risk scores have an insignificant positive effect on ROA and ROE. Thus, ESG risk score and its components do not show any significant impact on firm performance.

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Section: Review Of Literaturementioning

confidence: 99%

Impact of ESG Risk Scores on Firm Performance: An Empirical Analysis of NSE-100 Companies

Shobhwani,

Lodha

2023

Asia-Pacific Journal of Management Research and Innovation

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“…Empirical investigation finds the firms listed in the ESG index to be having a higher firm value whilst exhibiting a positive correlation between firms’ higher rankings in the index and firm value (Aboud & Diab, 2018). Investigating the developing country of India, Sharma et al (2019) found social disclosure to be having a significant positive impact on firms’ financial performance. Furthermore, the larger firms used this social performance as a competitive advantage.…”

Section: Literature Reviewmentioning

confidence: 99%

Do Disclosures Drive Socially Responsible Investing?

Kar,

Kaur

2023

Paradigm: A Management Research Journal

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With a growing number of nations pursuing the Sustainable Development Goals and increasing their disclosure and reporting norms, Socially Responsible Investing (SRI) is an evolving strategy in developing countries whilst holding mainstream grounds in developed countries. The study examined the performance of SRI indices against their conventional and benchmark counterparts across select developing and developed countries during boom and recessionary periods over 14 years. Notably, the responsible indices in emerging countries are non-penalizing using the mean-variance and risk-adjusted return analysis. Similarly, SRI earned a premium in emerging countries to secure topmost ranks, using Fama’s decomposition model. The performance of SRI was significantly different in India, and abnormal returns were observed for select developing countries during the recessionary phase. Thus, SRI provides a safe haven to investors during adverse times and provides diversification benefits to responsible investors.

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“…Also, Chauhan and Kumar (2019) [32] investigated the impact of ESG reporting on foreign investments of Indian firms and found that foreign investors preferred firms that disclosed ESG information. Bhattacharya and Sharma (2019) [33] investigated the impact of ESG scores on credit ratings for a sample of 122 firms. The ESG scores and credit ratings were sourced from Bloomberg.…”

Section: Gri and Esg Reportingmentioning

confidence: 99%

Sustainability Reporting in India: A Critical Assessment of Business Responsibility Reports of the Top 100 Companies

Mahajan¹

2022

Proceedings of the International Conference on Research in Management &Amp; Technovation

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4This paper aims to investigate environmental, social and governance reporting compliance by the top 100 companies in India. It presents and discusses companies9 compliance, the nature of disclosures, and the issues and challenges in reporting. For this purpose, content analysis of the business responsibility reports of these companies published between 2016 and 2019 and an expert survey were conducted. The paper provides insights into sustainability reporting compliance amid the ongoing efforts to develop reporting regulations in India suited to the country9s context and, simultaneously, at par with global standards.

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Resource-based view on corporate sustainable financial reporting and firm performance: evidences from emerging Indian economy

Cited by 30 publications

References 0 publications

Impact of ESG Risk Scores on Firm Performance: An Empirical Analysis of NSE-100 Companies

Impact of ESG Risk Scores on Firm Performance: An Empirical Analysis of NSE-100 Companies

Do Disclosures Drive Socially Responsible Investing?

Sustainability Reporting in India: A Critical Assessment of Business Responsibility Reports of the Top 100 Companies

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