Work

Unraveling the Financial Impact of ESG Performance: Evidence from NSE Listed Companies in India

Year: 2025

Type: article

Abstract: In the present corporate world, as social and environmental concerns about corporate resource management and economic operations have grown, sustainability has become increasingly important, leading to a re-examination of the ethical dimensions of business. As such, businesses are attempting to be socially responsible by using a dualistic strategy that strikes a balance between social responsibility and welfare and financial performance. Environmental, Social and Governance (ESG) is one such yardstick which promotes social responsibility and welfare. The present study attempts to assess whether ESG parameters influence the financial outcomes of National Stock Exchange (NSE) listed companies in India. To validate the results, ADF Unit Root Test, Granger Causality Test and Regression Models have been used. The results reveal that the individual ESG scores showcased a positive influence on financial performance and the overall ESG scores displayed a mixed and insignificant influence on the financial performance.

Source: International Journal of Economics and Financial Issues

DOI: 10.32479/ijefi.19471

Authors: Sayantan Guha Mazumder, Pranay Dey, Jutimala Bora, Toralima Bora

Institutions: Gurucharan University, Silchar, Dibrugarh University

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $300

OpenAlex ID: W4413596567

FWCI:

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