IDEAS home Printed from https://ideas.repec.org/a/aac/ijirss/v5y2022i4p419-427id1006.html
   My bibliography  Save this article

Environment, Social and Governance Reporting and Firm Performance: Evidence from GCC Countries

Author

Listed:
  • Raj Bahadur Sharma
  • Shilpa Lodha
  • Asha Sharma
  • Sajid Ali
  • Abdalla Mohamed Elmezughi

Abstract

The aim of this research is to investigate the impact of ESG reporting on firm performance, Environment, Social and Governance (ESG) are a triple-bottom-line approach that combines financial gains with adhering to social, governance and environmental norms. In addition, the study's objective is to determine the relationship between ESG disclosure and firm performance in Gulf Cooperation Council (GCC) listed companies. ESG scores and other samples for 91 firms from 6 GCC countries were collected for this purpose over a three-year period from 2019, 2020 and 2021. The sample comprised nine diverse industries. The dependent variables are Return on Assets (ROA) and market capitalization , experimental variables are environmental pillar score, social pillar score, governance pillar score and overall ESG score and the control variables: size, leverage. The study found that ESG scores and governance pillar scores have a positive impact on a firm’s market value but environmental and social pillar scores were not significant. In addition, there is a strong relationship between all ESG disclosures and ECG scores.

Suggested Citation

  • Raj Bahadur Sharma & Shilpa Lodha & Asha Sharma & Sajid Ali & Abdalla Mohamed Elmezughi, 2022. "Environment, Social and Governance Reporting and Firm Performance: Evidence from GCC Countries," International Journal of Innovative Research and Scientific Studies, Innovative Research Publishing, vol. 5(4), pages 419-427.
    • Handle: RePEc:aac:ijirss:v:5:y:2022:i:4:p:419-427:id:1006
    as

    Download full text from publisher

    File URL: http://www.ijirss.com/index.php/ijirss/article/view/1006/307
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dinh Cong Hoang & Dinh Cong Tuan, 2023. "Evaluating the Role of Green Financing, International Trade and Alternative Energies on Environmental Performance in Case of Chinese Provinces: Application of Quantile Regression Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 500-508, March.
    2. Citra Sukmadilaga & Srihadi Winarningsih & Ivan Yudianto & Tri Utami Lestari & Erlane K. Ghani, 2023. "Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 509-515, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aac:ijirss:v:5:y:2022:i:4:p:419-427:id:1006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Natalie Jean (email available below). General contact details of provider: https://ijirss.com/index.php/ijirss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.