What question did this study set out to answer?

This research aims to analyze how country governance moderates the relationship between ESG performance and firm performance in emerging markets.

Exploring the Moderating Role of Country Governance in the Relationship Between Sustainable Performance and Firm Performance: Empirical Evidence From an Emerging Market

View Full Paper

Ask AI

Bookmark

Authors

Randomized trial explores how governance influences ESG's impact on firm performance in emerging markets, suggesting vital implications for strategy.

This research aims to analyze how country governance moderates the relationship between ESG performance and firm performance in emerging markets.
Evaluated ESG performance of Nifty 500 firms from 2014 to 2024.
Conducted panel regression analysis to assess impact on financial and operational outcomes.
Considered disaggregated ESG dimensions and country governance indicators.
Robust ESG practices enhance financial, operational, and market performance significantly.
Social and governance performance consistently improve profitability and market valuation.
Environmental initiatives show short-term negative effects due to compliance costs.

Khurshid et al. (2026) studied this question.

View Full Paper

Ask AI

Bookmark

Randomized trial explores how governance influences ESG's impact on firm performance in emerging markets, suggesting vital implications for strategy.