Does Environmental, Social, and Governance Risk Impede Economic Growth?
Praveen Kumar
What the paper says
This article aims to explore the connection between Environmental, Social, and Governance related risks and economic growth. For this purpose, I performed two panel-data regression Models by utilizing the Gross domestic product as a dependent variable and ESG scores and degree of ESG-related risk exposures as independent variables in presence of five control variables. The ESG scores and degree of ESG-related risks exposures were collected from the Risk Indexes for the sample period 2019 to 2021. This research found that the country’s high ESG-related risk exposures negatively influence GDP. This study provides policymakers with important implications of the country’s ESG-related risk exposures in the best interests of the world’s stakeholders including Foreign institutional investors (FIIs).
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.