ESG performance, auditing quality and investment efficiency: Empirical evidence from Ghana

The dynamic shifts occurring in the corporate landscape have generated a need for supplementary information, including management conversations, governance details, and financial statement comments, which are beyond the scope of conventional financial reporting. The utilisation of environmental, social, and governance (ESG) data has the potential to foster stakeholder confidence, diminish transaction expenses, and enhance investment effectiveness. This study examines a sample of listed enterprises in Ghana from 2013 to 2022. The Hausman test was conducted to determine the appropriate model for analysis, and the random effect model was selected as the estimator. The findings derived from the implementation of the random effect model indicate a statistically significant positive relationship between ESG performance, auditing quality, and investment efficiency within the context of listed companies in Ghana. Hence, this study makes a valuable contribution to the current body of literature about environmental, social, and governance (ESG) performance. Additionally, it offers relevant sources for ESG implementation and the promotion of sustainable corporate growth in other emerging economies