REFERENCES

1. PRI. What is Responsible Investment? Available online: [Link]

to-responsible-investment/what-is-responsible investment/[Link] (accessed on 31 July

2021).

2. Garcia, A.S.; Mendes-Da-Silva, W.; Orsato, R.J. Sensitive industries produce better ESG

performance: Evidence from emerging markets. J. Clean. Prod. 2017, 150, 135–147

3. Friede, G.; Busch, T.; Bassen, A. ESG and financial performance: Aggregated evidence from

more than 2000 empirical studies. J. Sustain. Finance. Invest. 2015, 5, 210–233.

4. Incorporating ESG in Decision Making for Responsible and Sustainable Investments using

Machine Learning by Dinesh Kumar and Ellia Twinamatsiko 2021.

5. The Impact of ESG Management on Investment Decision: Institutional Investors’ Perceptions of

Country-Specific ESG Criteria by So Ra Park and Jae Young Jang 2021.

6. The spillover effect of customers' ESG to suppliers by J Tang, X Wang, Q

Liu Pacific-Basin Finance Journal, 2023.

7. Environmental, social, and governance (ESG) disclosure: A literature review by

A Tsang, T Frost, H Cao - The British Accounting Review, 2023.

8. Systems approach to environment, social and governance (ESG): Case of

Reliance industries By M Singhania, N Saini - Sustainable Operations and

Computers, r2022 – Elsevier.

9. The predictive value of strategic orientation for ESG performance over time by

N Chevrollier, J Zhang, T van Leeuwen, A Nijhof Corporate Governance: The

International Journal of Business in Society, 2020.

10. Task-specific human capital By R Gibbons, M Waldman American Economic

Review, 2004•[Link]

11. Measuring environmental sustainability performance of South Asia By H Sun,

M Mohsin, M Alharthi, Q Abbas - Journal of Cleaner Production, 2020 –

Elsevier

12. Corporate governance and firm performance: Empirical evidence from emerging

market by S Balagobei Asian Economic and Financial Review, 2018

13. Corporate governance and firm performance by LD Brown, ML Caylor

Available at SSRN 586423, 2004 [Link]

14. Financial leverage and firm performance evidence from Amman stock exchange

By Abu-Abbas, T Alhmoud, FA Algazo The European Journal of Comparative

Economics, 2019

15. Corporate Governance, Firm Performance and Financial Leverage across

Developed and Emerging Economies by P Kijkasiwat, A Hussain, A Mumtaz

Risks, 2022 [Link]

16. The relationship between corporate social responsibility and sustainable

financial performance: Firm‐level evidence from Taiwan

17. TCT Hou Corporate Social Responsibility and Environmental Management, 2019, Wiley Online

Library

[18.] From “Who Cares Wins” To Pernicious Progressivism: 18 Years Ofof ESG by Robert G. Eccles

Contributor Tenured Harvard Business School professor, now at Oxford University.

18.[19.] Corruption and firm value: Evidence from emerging market economies BPS

Thakur, M Kannadhasan, P Charan, CP Gupta Emerging Markets Finance and

Trade, 2021•Taylor & Francis

19.[20.] How ESG can help Pakistan by Owais Aziz and Laman Ahmed Published in “The Nation” on

February 22, 2023 [Link]

20.[21.] Understanding the impact of ESG practices in corporate finance By S

Kim, Z Li - Sustainability, 2021 - [Link]

21.[22.] ESG and financial performance: aggregated evidence from more than 2000

empirical studies by G Friede, T Busch, A Bassen Journal of sustainable finance

& investment, 2015 Taylor & Francis

22.[23.] The impact of ESG management on investment decision: Institutional

investors' perceptions of country-specific ESG criteria By SR Park, JY Jang

International Journal of Financial Studies, 2021 [Link]

23.[24.] [Link]

24.[25.] The Intersection between SDG and ESG in the Modern World By Akindele Oluwadara 2023

25.[26.] How to Establish and Monitor ESG Goals By: Adam Wire FEBRUARY 21, 2023

26.[27.] Does ESG affect the stability of dividend policies in Europe? By P Verga Matos, V Barros, J

Miranda Sarmento Sustainability, 2020•[Link]

27.[28.] Corporate social responsibility and financial performance relationship: A

review of measurement approaches by A Galant, S Cadez Economic research-

Ekonomska istraživanja, 2017

28.[29.] Effect of ethical leadership and corporate social responsibility on firm

performance: A systematic review by R Saha, Shashi, R Cerchione, R Singh, R

Dahiya Corporate Social Responsibility and Environmental Management,

2020•Wiley Online Library

29.[30.] Does CSR influence firm performance? A longitudinal study of SME

sectors of Pakistan M Ikram, R Sroufe, M Mohsin, YA Solangi, SZA Shah, F

Shahzad Journal of Global Responsibility, 2019 [Link]

30.[31.] Impact of Sustainable Finance on the Firm Performance: A Study on the

Pakistani Banking Sector S Munir, M Irfan, MS Malik Indian Journal of

Economics and Business, 2022

31.[32.] What do we mean by sustainable finance? Assessing existing frameworks

and policy risks by M Migliorelli - Sustainability, 2021 - [Link]

32.[33.] Principles of sustainable finance by D Schoenmaker, W

Schramade - 2018 - Oxford University Press

33.[34.] Factors affecting entrepreneurship and business sustainability by A Tur-

Porcar, N Roig-Tierno, A Llorca Mestre Sustainability, 2018•[Link]

34.[35.] Role of Leadership Behaviour in Sustainability: Financial Services Sector

Players TO Nyachanchu, TK Cheruiyot Journal of Economics and Sustainable

Development, 2017

35.[36.] Sustainability reporting and its impact on corporate financial performance:

A literature review by P Aggarwal - Indian Journal of Commerce

and Management Studies, 2013

36.[37.] Firm performance: Definition and measurement models By O Taouab, Z

Issor European Scientific Journal, 2019

37.[38.] mig

38.[39.] How do we measure firm performance? A review of issues facing

entrepreneurship researchers By J Siepel, M Dejardin Handbook of Quantitative

Research Methods in Entrepreneurship, 2020.

39.[40.] Corporate biodiversity accounting and reporting in mega-diverse countries:

An examination of indicators disclosed in sustainability reports. By A

Skouloudis, C Malesios, PG Dimitrakopoulos - Ecological Indicators, 2019 –

Elsevier.

40.[41.] The effect of sustainable dimensions on the financial performance of

commercial banks: A comparative study in emerging markets by OI

TAWFIK, SH KAMAR, ZO BILAL The Journal of Asian Finance, Economics

and Business, 2021•[Link].

41.[42.] How corporate social responsibility engagement strategy moderates the

CSR–financial performance relationship by Z Tang, CE Hull, S Rothenberg

Journal of management Studies, 2012•Wiley Online Library

42.[43.] Environmental collaboration, responsible innovation, and firm performance:

The moderating role of stakeholder pressure by S Adomako, MD Tran

43.[44.] Business Strategy and the Environment, 2022•Wiley Online Library

44.[45.] The effect of environmental, social, and governance (ESG) disclosure and

competitive advantage on companies performance as an implementation of

sustainable …MFF Lubis, R Rokhim IOP Conference Series: Earth and

Environmental Science, 2021

45.[46.] How To Talk with Your Clients About ESG Investing By MICHELLE LODGE

[Link] Updated May 15, 2023

46.[47.] Greenhouse gas emissions variation and corporate performance in international companies

by I Gallego-Á lvarez, LC Segura International Journal of Global Warming,

2015•[Link].
47.[48.] Challenges of the “green imperative”: A natural resource-based approach to

the environmental orientation–business performance relationship By

Menguc, LK Ozanne - Journal of Business research, 2005 - Elsevier

48.[49.] ESG and financial performance: aggregated evidence from more than 2000

empirical studies G Friede, T Busch, A Bassen Journal of sustainable finance &

investment, 2015•Taylor & Francis

49.[50.] Quality of Environmental Sustainability Reporting and Financial

Performance: Evidence from Pakistan by Z Alam, YB Tariq International

Journal of Business and Management Sciences, 2022•[Link]

50.[51.] The predictive value of strategic orientation for ESG performance over time

by N Chevrollier, J Zhang, T van Leeuwen, A Nijhof. Corporate Governance:

The International Journal of Business in Society, 2020•[Link]

51.[52.] Do stakeholder orientation and environmental proactivity impact firm

profitability? By F Brulhart, S Gherra, BV Quelin Journal of Business Ethics,

2019•Springer

52.[53.] The impact of ESG management on investment decision: Institutional

investors' perceptions of country-specific ESG criteria By SR Park, JY

Jang - International Journal of Financial Studies, 2021 - [Link]

53.[54.] Corporate governance mechanisms and firm performance in a developing

country by A Puni, A Anlesinya International Journal of Law and Management,

2020•[Link]

54.[55.] The impact of firm size, firm age and environmental management

certification on the relationship between green supply chain practices and

corporate performance by H Younis, B Sundarakani Benchmarking: An

International Journal, 2020•[Link]

55.[56.] Analisisgood Corporate Governance Terhadap Nilai Perusahaan by M

Mutmainah - Jurnal STIE Dewantara, 2015

56.[57.] Financial reporting quality and idiosyncratic return volatility By S

Rajgopal, M Venkatachalam - Journal of Accounting and Economics, 2011 -

Elsevier

57.[58.] Implementation of Good Corporate Governance and Its Impact on

Corporate Performance: The Mediation Role of Firm Size (Empirical Study

from Indonesia). By R Nur'ainy, B Nurcahyo, A Sri Kurniasih, B Sugiharti

Global Business & Management Research, 2013•[Link]

58.[59.] Effects of return on asset, debt to asset ratio, current ratio, firm size, and

dividend payout ratio on firm value by A Husna, I Satria International Journal of

Economics and Financial Issues, 2019•[Link]

59.[60.] The effect of firm size on profitability: An empirical

investigation on Turkish manufacturing companies by

HE Akbas, HA Karaduman - … of Economics, Finance and Administrative

Sciences, 2012

60.[61.] Employees, firm size and profitability of US manufacturing industries by JR

Becker-Blease, FR Kaen, A Etebari, H Baumann Investment Management and

Financial Innovations, 2010•[Link]

61.[62.] The effect of firm size, profitability, and liquidity on the firm value

moderated by carbon emission disclosure by D Hapsoro, ZN Falih Journal of

Accounting and Investment, 2020 .[Link]

62.[63.] Effect of financial leverage on firm value: Evidence from selected firms

quoted on the Nigerian stock exchange by UA Ibrahim, A Isiaka European

Journal of Business and Management, 2020•[Link]

63.[64.] How do financial leverage and supply chain finance influence firm

performance? Evidence from construction sector by T Bui Uncertain Supply

Chain Management, 2020•[Link]

64.[65.] The impact of financial leverage on firm's profitability: An empirical

evidence from listed textile firms of Bangladesh by MM Rahman, FN Saima, K

Jahan Asian Journal of Business Environment, 2020•[Link]

65.[66.] The Impact of Leverage on the Firm Performance: A Case of Fertilizers

Sector of Pakistan by W Alim, A Ali, AS Minhas 2022•[Link]-

[Link]

66.[67.] Corporate capital structure decisions: evidence from leveraged buyouts by

DM Roden, WG Lewellen Financial Management, 1995•JSTOR

67.[68.] Capital structure, equity ownership and firm performance by D

Margaritis, M Psillaki - Journal of banking & finance, 2010 – Elsevier

68.[69.] Analysis of the impact of leverage on various measures of corporate

performance, using Arellano and Bond dynamic panel data estimation technique

by S Khalid, A Ali, MQ Baloch, N Ali Abasyn Journal of Social Sciences,

2014•[Link]

69.[70.] The impact of financial leverage to profitability study of non-financial

companies listed in Indonesia stock exchange

70.[71.] A Singapurwoko, MSM El-Wahid European Journal of Economics, Finance and

Administrative Sciences, 2011•[Link]

71.[72.] Determinants of capital structure: Empirical evidence from large taxpayer

share companies in Ethiopia UM Umer International Journal of Economics and

Finance, 2014•[Link]
72.[73.] Reviewing relationship between capital structure and firm's

performance in Malaysia by N Mohamad, FN Abdullah - International

Journal of Advances in Management and …,

73.[74.] Influence of capital structure on firm performance: Evidence from

Bangladesh by MB Hasan, AFMM Ahsan, MA Rahaman, MN Alam

International Journal of Business and Management, 2014•[Link]

74.[75.] Impact of capital structure on firm's value: Evidence from Bangladesh. A

Chowdhury, SP Chowdhury Business & Economic Horizons, 2010•[Link]

75.[76.] Investigate the role of technology innovation and renewable energy in

reducing transport sector CO2 emission in China: A path toward sustainable

development by DI Godil, Z Yu, A Sharif, R Usman, SAR Khan Sustainable

Development, 2021•Wiley Online Library

76.[77.] Where ESG fails by M Porter, G Serafeim, M Kramer Institutional

Investor, 2019•[Link]

77.[78.] Linking LMX, innovative work behaviour and turnover intentions: The

mediating role of work engagement UA Agarwal, S Datta, S Blake‐Beard, S

Bhargava Career development international, 2012•[Link]

78.[79.] The effects of corporate governance on corporate social

responsibility in China by MY Park - Korean Computers and Accounting

Review, 2017

79.[80.] Influence of corporation-CEO reputation gap on purchase intention, growth

prospect, investment attraction, and corporate preference by D KIM, S Byeon

Asia-Pacific Journal of Business Venturing and Entrepreneurship,

2016•[Link]

80.[81.] ESG controversies and their impact on performance by C De Franco

The Journal of Investing, 2020•[Link]

81.[82.] ESG shareholder engagement and downside risk by AGF Hoepner, I

Oikonomou, Z Sautner, LT Starks, X Zhou 2018•[Link]

82.[83.] An examination of the relation between corporate social responsibility and the financial

performance of US commercial banks around the … by MM Cornett, O Erhemjamts, H

Tehranian - Journal of Banking & Finance, 2016 – Elsevier

83.[84.] The role of ESG performance during times of financial crisis: Evidence

from COVID-19 in China by DC Broadstock, K Chan, LTW Cheng, X Wang -

Finance research letters, 2021 - Elsevier

84.[85.] Does ESG affect the stability of dividend policies in Europe? By P Verga

Matos, V Barros, J Miranda Sarmento Sustainability, 2020•[Link]