ESG Practices and Financial Stability in Emerging Market Healthcare Companies: Insights Amidst the COVID-19 Pandemic

IF 2.2 Q3 BUSINESS

Thunderbird International Business Review Pub Date : 2024-07-05 DOI:10.1002/tie.22398

Paridhi, Ritika, Raj Kumar

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引用次数: 0

Abstract

The United Nations SDG 2030 emphasizes the critical role of the healthcare sector in achieving universal health coverage and addressing global health challenges. The COVID-19 pandemic triggered significant changes in the industry. This study looks at the distinct ESG challenges and opportunities that healthcare companies face in emerging markets like India versus developed markets. It assesses the effect of COVID-19 on the ESG-FP relationships of Indian healthcare firms. Using dynamic panel data analysis on 2205 firm-level observations from 2017 to 2022, researchers discovered a lag effect of ESG measures on accounting metrics. While COVID-19 temporarily increased FP, its long-term effect was negligible. It offers empirical evidence on the effectiveness of ESG reporting and provides methodological advancements for robust measurement and analysis. Environmental and governance pillars have a greater influence on healthcare companies' FP-directing managerial priorities. The study provides actionable recommendations for improving ESG practices in emerging markets like India.

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新兴市场医疗保健公司的 ESG 实践与财务稳定性：在 COVID-19 大流行中的启示

联合国可持续发展目标 2030 强调了医疗保健行业在实现全民医保和应对全球健康挑战方面的关键作用。COVID-19 大流行引发了行业的重大变革。本研究探讨了印度等新兴市场与发达市场的医疗保健公司所面临的不同 ESG 挑战和机遇。它评估了 COVID-19 对印度医疗保健公司 ESG-FP 关系的影响。通过对 2017 年至 2022 年的 2205 个公司级观测数据进行动态面板数据分析，研究人员发现了 ESG 措施对会计指标的滞后效应。虽然 COVID-19 暂时增加了 FP，但其长期影响可以忽略不计。它为环境、社会和治理报告的有效性提供了实证证据，并为稳健的测量和分析提供了方法上的进步。环境和治理支柱对医疗保健公司的 FP 有着更大的影响，从而引导了管理重点。本研究为改善印度等新兴市场的环境、社会和治理实践提供了可行的建议。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Thunderbird International Business Review BUSINESS-

CiteScore

4.30

自引率

9.10%

发文量

期刊介绍： Thunderbird International Business Review is a peer-reviewed journal that is published six times a year in cooperation with the Thunderbird School of Global Business Management, the world"s leading institution in the education of global managers. The journal"s aim is to advance and disseminate research in the field of international business. Its main target audience includes academicians and executives in business and government who have an interest in international business.