Introduction
In recent years, there has been a growing interest in environmental, social, and governance (ESG) factors among investors, regulators, and companies worldwide. ESG reporting has become an essential tool for companies to communicate their sustainability performance to stakeholders. The quality of ESG reporting has been found to have a significant impact on the cost of capital for companies, as investors are increasingly considering ESG factors in their investment decisions.
While there is a substantial body of literature on the relationship between ESG reporting quality and cost of capital in developed markets, there is limited research on this topic in emerging markets. Emerging markets present unique challenges and opportunities for companies in terms of ESG reporting, as they often operate in environments with weaker regulatory frameworks and higher levels of social and environmental risks.
This Thesis aims to fill this gap in the literature by investigating the relationship between ESG reporting quality and cost of capital in emerging markets. Specifically, the study will examine how the quality of ESG reporting impacts the cost of capital for companies in emerging markets, and whether this relationship is influenced by factors such as regulatory environment, industry characteristics, and company size.
Table of Contents
Chapter 1: Introduction
1.1 Introduction
1.2 Background of the study
1.3 Problem Statement
1.4 Objective of the study
1.5 Limitation of the study
1.6 Scope of the study
1.7 Significance of the study
1.8 Structure of the thesis
1.9 Definition of terms
Chapter 2: Literature Review
2.1 Introduction to ESG reporting
2.2 ESG reporting quality and cost of capital
2.3 Theoretical framework
2.4 Previous studies on ESG reporting and cost of capital
2.5 ESG reporting in emerging markets
2.6 Factors influencing ESG reporting quality
2.7 Factors influencing cost of capital
2.8 The relationship between ESG reporting quality and cost of capital
2.9 Research gaps
2.10 Conceptual framework
Chapter 3: Research Methodology
3.1 Research design
3.2 Data collection
3.3 Sample selection
3.4 Variables and measures
3.5 Data analysis
3.6 Hypothesis development
3.7 Model specification
3.8 Limitations of the study
Chapter 4: Discussion of Findings
4.1 Descriptive statistics
4.2 Regression analysis results
4.3 Robustness checks
4.4 Interpretation of findings
4.5 Implications for theory and practice
4.6 Comparison with previous studies
4.7 Recommendations for future research
Chapter 5: Conclusion and Summary
5.1 Summary of findings
5.2 Conclusion
5.3 Contributions to the literature
5.4 Practical implications
5.5 Limitations of the study
5.6 Suggestions for future research
Thesis Overview
The relationship between ESG reporting quality and cost of capital in emerging markets is a topic of growing importance in the field of finance and sustainability. This Thesis aims to investigate how the quality of ESG reporting influences the cost of capital for companies in emerging markets, taking into account various factors that may affect this relationship.
Chapter 1 provides an introduction to the research topic, including the background of the study, problem statement, objectives, limitations, scope, significance, structure of the thesis, and definition of key terms. Chapter 2 reviews the existing literature on ESG reporting, cost of capital, and their relationship in both developed and emerging markets. The chapter also identifies research gaps and presents a conceptual framework for the study.
Chapter 3 outlines the research methodology, including the research design, data collection, sample selection, variables and measures, data analysis, hypothesis development, model specification, and limitations of the study. Chapter 4 presents the findings of the study, including descriptive statistics, regression analysis results, robustness checks, interpretation of findings, implications for theory and practice, comparison with previous studies, and recommendations for future research.
Chapter 5 concludes the Thesis by summarizing the findings, drawing conclusions, discussing contributions to the literature, practical implications, limitations of the study, and suggestions for future research. Overall, this Thesis aims to contribute to the understanding of the relationship between ESG reporting quality and cost of capital in emerging markets, and provide valuable insights for investors, regulators, companies, and other stakeholders.
