ANNOUNCEMENTS
There has been limited study on the effect of ESG indicators on trade aspects of the Indian economy.In this study, we use panel estimation methods to investigate the effect that ESG scores have on export intensity of Indian firms. We also look for the various routes and mechanisms through which such effects take place. We find that ESG indicators collectively and individually have a significant effect on the export of firms. We also look at the effect of research and development on the export of firms. Firm size is also found to influence export intensity. Export intensity of firms in environmentally sensitive industries are also investigated in this study. It becomes evident that policymakers and firms should encourage more disclosure and better ESG performance for better exports.
