A Meta-Analysis of ESG Disclosure and Listed Companies’ Financial Performance
Table 1: Descriptive Statistics on Countries’ Study as Decision-Making Unit
| Country / Stock Market Indices | Number of studies | % of total studies | Country / Stock Market Indices | Number of studies | % of total studies |
| India | 4 | 12.5% | Jordan | 1 | 3.1% |
| China | 2 | 6.3% | Korea | 1 | 3.1% |
| Europe | 2 | 6.3% | Scandinavia | 1 | 3.1% |
| France | 2 | 6.3% | West Europe | 1 | 3.1% |
| Gulf Countries | 2 | 6.3% | Norway | 1 | 3.1% |
| Saudi Arabia | 2 | 6.3% | Poland | 1 | 3.1% |
| Thailand | 2 | 6.3% | South Africa | 1 | 3.1% |
| USA | 2 | 6.3% | Spain | 1 | 3.1% |
| Australia | 1 | 3.1% | Taiwan | 1 | 3.1% |
| New Zealand | 1 | 3.1% | Turkiye | 1 | 3.1% |
| Indonesia | 1 | 3.1% | UAE | 1 | 3.1% |