ARTICLE

EFFECT OF ENVIRONMENTAL SOCIAL AND GOVERNANCE ESG FACTORS ON PERFORMANCE OF MOMENTUM AND VALUE PORTFOLIOS ROLE OF AUDITED NONFINANCIAL REPORTING

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15 Pages : 182-195

http://dx.doi.org/10.31703/gmsr.2024(IX-IV).15      10.31703/gmsr.2024(IX-IV).15      Published : Dec 2024

Effect of Environmental, Social and Governance (ESG) Factors on Performance of Momentum and Value Portfolios: Role of Audited Non-Financial Reporting

Abstract

    This study examines the nexus between environmental, social, and governance(ESG) performance and the performance of momentum and value portfolios. Further, the effect of audited non-financial information in this relationship has also been analyzed. This is achieved with the sample of listed companies from selected countries of the emerging market over the period of 2010 to 2019. The overall findings of the study suggest that investors of emerging countries do not consider sustainable investments as their stock-picking criteria as no significant relationship was found between environmental, social, and governance performance and the performance of momentum and value portfolios. Further, no significant effect of audited non-financial information in this relationship is found. The findings of the study offer significant insights for government, regulators, and policymakers to educate investors and companies about the importance of sustainable investments and emphasize the role of audit quality and the structure of audit committees in ESG disclosures.

    ESG · Environment · Social· Governance, Momentum, Value, Audit

    (1) Asma Hassan
    PhD Student, Department of Management Sciences, COMSATS University Islamabad (Lahore Campus), Lahore, Punjab. Pakistan.
    (2) Ammar Abid
    Associate Professor, Department of Management Sciences, COMSATS University Islamabad (Lahore Campus), Lahore, Punjab. Pakistan.
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Cite this article

APA

    APA : Hassan, A., & Abid, A. (2024). Effect of Environmental, Social and Governance (ESG) Factors on Performance of Momentum and Value Portfolios: Role of Audited Non-Financial Reporting. Global Management Sciences Review, IX(IV), 182-195. https://doi.org/10.31703/gmsr.2024(IX-IV).15

CHICAGO

    CHICAGO : Hassan, Asma, and Ammar Abid. 2024. "Effect of Environmental, Social and Governance (ESG) Factors on Performance of Momentum and Value Portfolios: Role of Audited Non-Financial Reporting." Global Management Sciences Review, IX (IV): 182-195 doi: 10.31703/gmsr.2024(IX-IV).15

HARVARD

    HARVARD : HASSAN, A. & ABID, A. 2024. Effect of Environmental, Social and Governance (ESG) Factors on Performance of Momentum and Value Portfolios: Role of Audited Non-Financial Reporting. Global Management Sciences Review, IX, 182-195.

MHRA

    MHRA : Hassan, Asma, and Ammar Abid. 2024. "Effect of Environmental, Social and Governance (ESG) Factors on Performance of Momentum and Value Portfolios: Role of Audited Non-Financial Reporting." Global Management Sciences Review, IX: 182-195

MLA

    MLA : Hassan, Asma, and Ammar Abid. "Effect of Environmental, Social and Governance (ESG) Factors on Performance of Momentum and Value Portfolios: Role of Audited Non-Financial Reporting." Global Management Sciences Review, IX.IV (2024): 182-195 Print.

OXFORD

    OXFORD : Hassan, Asma and Abid, Ammar (2024), "Effect of Environmental, Social and Governance (ESG) Factors on Performance of Momentum and Value Portfolios: Role of Audited Non-Financial Reporting", Global Management Sciences Review, IX (IV), 182-195

TURABIAN

    TURABIAN : Hassan, Asma, and Ammar Abid. "Effect of Environmental, Social and Governance (ESG) Factors on Performance of Momentum and Value Portfolios: Role of Audited Non-Financial Reporting." Global Management Sciences Review IX, no. IV (2024): 182-195. https://doi.org/10.31703/gmsr.2024(IX-IV).15