ESG scores and firm performance- evidence from emerging market

This paper investigates the effect of ESG (environmental, social, and governance) disclosure scores on the firm's performance (operational, financial, and market). The study assesses the critical COVID period (2018–2020) and provides empirical evidence from the world's 5th largest economy. The findings elicited from empirical results declare that all components of ESG are not significantly related to firm performance. We conclude that the impact of ESG-related activities is yet to be witnessed tangibly for firm performance. The study also opens an array of future research opportunities.