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Sustainability through green finance: a quantile analysis of Indian manufacturing companies

Year: 2025

Type: article

Abstract: The aim of the study was to find out impact of green finance on sustainability of Indian manufacturing companies. Using a method of moment quantile regression (MMQR) model and unique data set of 105 manufacturing companies covering the period of 2016–2023. We found that green finance influences sustainability levels from negative to positive across lower to higher quantiles, with values ranging from − 0.96 to 0.94, signifying its effectiveness in improving a company's sustainability. These findings provide practical insights for regulators, investors, and financial institutions to enhance the use of green finance, thereby facilitating the shift to sustainable business practices. This study emphasizes the transformational potential of green finance, contributing to the debate on sustainable development and providing a practical approach for incorporating environmental goals into business structures.

Source: Discover Sustainability

DOI: 10.1007/s43621-025-01394-4

Authors: Akhil Pasupuleti, Lakshmana Rao Ayyagari, Tilak Kumar Vadapalli

Institutions: SRM University, Andhra Pradesh, GITAM University

Language: English

Topic: Sustainable Finance and Green Bonds

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Responsible consumption and production, Industry, innovation and infrastructure, Climate action, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $1,390