An Analysis of the Impact of ESG Screening on Financial Performance of Selected Indian Companies

Vishwakarma Business Business Review, Vol. VI, Issue 2 (2016)

15 Pages Posted: 10 Jun 2019

See all articles by Swami Saxena

Swami Saxena

Dayalbagh Educational Institute

Veerangna Singh

affiliation not provided to SSRN

Date Written: July 2, 2016

Abstract

In recent years, increasing Environmental, Social and Governance (ESG) consciousness has necessitated the need to hold companies accountable for social consequences resulting from their activities. This paper focuses on analyzing the impact of ESG screening on financial performance of the companies. The analysis of stock returns and beta of selected NIFTY 50 companies conducted using Shapiro-Wilk test, Wilcoxon test and Paired Sample t test indicate that there is no impact of ESG screening on financial performance and risk profile of the companies.

Keywords: Financial Performance, ESG Screening, Risk Profile

JEL Classification: G11, G32, G41

Suggested Citation

Saxena, Swami and Singh, Veerangna, An Analysis of the Impact of ESG Screening on Financial Performance of Selected Indian Companies (July 2, 2016). Vishwakarma Business Business Review, Vol. VI, Issue 2 (2016). Available at SSRN: https://ssrn.com/abstract=3376752 or http://dx.doi.org/10.2139/ssrn.3376752

Swami Saxena (Contact Author)

Dayalbagh Educational Institute ( email )

Dayalbagh University
Dayalbagh University
Agra, Uttar Pradesh 282110
India

Veerangna Singh

affiliation not provided to SSRN

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