Good for the planet, good for the wallet: The ESG impact on financial performance in India
We examine the impact of environmental, social, and governance (ESG) practices on financial performance among Nifty 50 companies in India from 2015 to 2022. Using fixed-effects panel quantile regression, we observe that the relationship between ESG practices and financial profitability varies across...
محفوظ في:
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | , , , |
| التنسيق: | article |
| منشور في: |
2023
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| الوصول للمادة أونلاين: | http://hdl.handle.net/10725/17918 https://doi.org/10.1016/j.frl.2023.104093 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S1544612323004658 |
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| _version_ | 1864513476293033984 |
|---|---|
| author | Rao, Amar |
| author2 | Dagar, Vishal Sohag, Kazi Dagher, Leila Tanin, Tauhidul Islam |
| author2_role | author author author author |
| author_facet | Rao, Amar Dagar, Vishal Sohag, Kazi Dagher, Leila Tanin, Tauhidul Islam |
| author_role | author |
| dc.creator.none.fl_str_mv | Rao, Amar Dagar, Vishal Sohag, Kazi Dagher, Leila Tanin, Tauhidul Islam |
| dc.date.none.fl_str_mv | 2023 2023-09 2026-04-14T08:53:10Z 2026-04-14T08:53:10Z |
| dc.identifier.none.fl_str_mv | 1544-6131 http://hdl.handle.net/10725/17918 https://doi.org/10.1016/j.frl.2023.104093 Rao, A., Dagar, V., Sohag, K., Dagher, L., & Tanin, T. I. (2023). Good for the planet, good for the wallet: The ESG impact on financial performance in India. Finance Research Letters, 56, 104093. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S1544612323004658 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Finance Research Letters |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | Good for the planet, good for the wallet: The ESG impact on financial performance in India |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | We examine the impact of environmental, social, and governance (ESG) practices on financial performance among Nifty 50 companies in India from 2015 to 2022. Using fixed-effects panel quantile regression, we observe that the relationship between ESG practices and financial profitability varies across the return on equity (ROE) distribution. While the environmental pillar score and the governance pillar score consistently negatively impact ROE across almost all quantiles with high statistical significance, the social pillar score exhibits mostly an insignificant relationship. Its impact is negative but only mildly statistically significant in the lower end of the ROE distribution. The findings and their implications are important to investors, corporate executives, and policymakers. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_65181eb78bb6746a15ae4d5a80308b95 |
| identifier_str_mv | 1544-6131 Rao, A., Dagar, V., Sohag, K., Dagher, L., & Tanin, T. I. (2023). Good for the planet, good for the wallet: The ESG impact on financial performance in India. Finance Research Letters, 56, 104093. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/17918 |
| publishDate | 2023 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Good for the planet, good for the wallet: The ESG impact on financial performance in IndiaRao, AmarDagar, VishalSohag, KaziDagher, LeilaTanin, Tauhidul IslamWe examine the impact of environmental, social, and governance (ESG) practices on financial performance among Nifty 50 companies in India from 2015 to 2022. Using fixed-effects panel quantile regression, we observe that the relationship between ESG practices and financial profitability varies across the return on equity (ROE) distribution. While the environmental pillar score and the governance pillar score consistently negatively impact ROE across almost all quantiles with high statistical significance, the social pillar score exhibits mostly an insignificant relationship. Its impact is negative but only mildly statistically significant in the lower end of the ROE distribution. The findings and their implications are important to investors, corporate executives, and policymakers.Published2026-04-14T08:53:10Z2026-04-14T08:53:10Z20232023-09Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article1544-6131http://hdl.handle.net/10725/17918https://doi.org/10.1016/j.frl.2023.104093Rao, A., Dagar, V., Sohag, K., Dagher, L., & Tanin, T. I. (2023). Good for the planet, good for the wallet: The ESG impact on financial performance in India. Finance Research Letters, 56, 104093.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.sciencedirect.com/science/article/abs/pii/S1544612323004658enFinance Research Lettersinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/179182026-04-14T08:53:10Z |
| spellingShingle | Good for the planet, good for the wallet: The ESG impact on financial performance in India Rao, Amar |
| status_str | publishedVersion |
| title | Good for the planet, good for the wallet: The ESG impact on financial performance in India |
| title_full | Good for the planet, good for the wallet: The ESG impact on financial performance in India |
| title_fullStr | Good for the planet, good for the wallet: The ESG impact on financial performance in India |
| title_full_unstemmed | Good for the planet, good for the wallet: The ESG impact on financial performance in India |
| title_short | Good for the planet, good for the wallet: The ESG impact on financial performance in India |
| title_sort | Good for the planet, good for the wallet: The ESG impact on financial performance in India |
| url | http://hdl.handle.net/10725/17918 https://doi.org/10.1016/j.frl.2023.104093 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S1544612323004658 |