International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 6 November-December 2024 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 6 Issue 6
November-December 2024

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

Sustainable Banking in India: An Empirical Study of ESG Scores and Financial Performance

Author(s) Wangden Dema, Vinoth S
Country India
Abstract The research study on the relationship between ESG scores and financial performance in the banking sector of India reveals significant insights into the dynamics of sustainable finance. The analysis, conducted using data from eight banking companies over a five-year period, indicates a weak negative correlation between ESG scores and the compound annual growth rate (CAGR) of stock prices. Conversely, moderate positive correlations are observed between ESG scores and the CAGR of both return on assets (ROA) and return on equity (ROE). Regression analysis reinforces these findings, highlighting a weak linear relationship between ESG scores and financial metrics. Theoretical implications suggest alignment with stakeholder theory, agency theory, and institutional theory, emphasizing the importance of considering stakeholder interests, aligning incentives, and navigating institutional pressures. Managerial implications underscore the need for strategic integration of ESG factors into decision-making processes, stakeholder engagement, and investment in ESG education and training programs. The study identifies limitations, including inadequate ESG data availability and sector-specific focus, and suggests future research directions exploring diverse sectors and financial indicators beyond banking. Overall, the research contributes to advancing our understanding of sustainable finance and its implications for long-term value creation
Keywords ESG,ROE, ROA, Stocks, and CAGR.
Field Business Administration
Published In Volume 6, Issue 2, March-April 2024
Published On 2024-04-30
Cite This Sustainable Banking in India: An Empirical Study of ESG Scores and Financial Performance - Wangden Dema, Vinoth S - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.18674
DOI https://doi.org/10.36948/ijfmr.2024.v06i02.18674
Short DOI https://doi.org/gts4st
View / Download PDF File

Share this



E-ISSN 2582-2160
CrossRef

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 6 Isu 6Cover Page Vol 6 Isu 5Cover Page Vol 6 Isu 4

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About IJFMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9898-5948-55 editor@ijfmr.com