Original scientific paper
https://doi.org/10.1080/1331677X.2022.2086598
The role of environmental, social, and governance responsibilities and economic development on achieving the SDGs: evidence from BRICS countries
Vu Minh Hieu
Nguyen Thai Hai
Abstract
Sustainable development goal (SDG) achievement has gained
increasing trend due to the current economic uncertainty that
demands the attention of scholars, practitioners, and regulators.
Hence, the study examines the environmental, social, and governance
(ESG) responsibilities and economic development such as
economic growth, net national income and FDI on the SDG
achievements in BRICS countries. The secondary data is considered
for the study which was collected from various resources like SDG
reports published by the united nation and World Bank Indicators
(WDI) from 1991 to 2020. The current research has checked them
without structural breaks stationarity using Dickey-Fuller (ADF) test,
Phillips–Perron (PP) test, and Kwiatkowski–Phillips–Schmidt–Shin
(KPSS), while stationarity with structural breaks has been examined
using the ‘zivot-andrews’ test. The study also employed the ARDL
technique to verify the association among the constructs. The findings
revealed that ESG responsibilities, economic growth, net
national income, FDI, and inflation positively correlate with SDG
achievements in BRICS countries. This article provides help to the
regulators while making policies related the SDG achievement
Keywords
Environmental; social and governance responsibilities; economic development; net national income; SDG achievements
Hrčak ID:
304168
URI
Publication date:
31.3.2023.
Visits: 535 *