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

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A Comparative Study of BSE Carbonex & BSE ESG Indices: Performance Appraisal and Future Prospects

Author(s) Alok Mishra, Nidhi Sharma
Country India
Abstract As a part of society, business entities are focusing not only to the profit making, but also towards the conservation of the environment. Nowadays, Sustainable development is the need of time. And in this regards, all the companies are trying their best and cutting their carbon emission. For the purpose of it, stock exchanges are also taking some measures. They prepare several indices on the basis of certain parameters, like BSE Carbonex, BSE ESG, BSE 100, BSE Greenex and many more. The objective of this paper is to examine the performance of BSE Carbonex vis-à-vis performance of BSE ESG index. Six years monthly data from 1 November 2017 to 31st August 2023 has been taken. For the purpose of analysis Sharpe ratio, Treynor ratio and Jensen’s Alpha have been applied. The study found that BSE-Carbonex stocks are better option to investors as comparison to BSE-ESG stocks. Companies that understand the risks and opportunities, and position themselves well in relation to them, will deliver the higher long run returns than those which fail to adopt.
Keywords BSE Carbonex, BSE ESG index, Sharpe Ratio, Treynor Ratio, Jenson’s Alpha
Published In Volume 5, Issue 5, September-October 2023
Published On 2023-10-28
Cite This A Comparative Study of BSE Carbonex & BSE ESG Indices: Performance Appraisal and Future Prospects - Alok Mishra, Nidhi Sharma - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.7916
DOI https://doi.org/10.36948/ijfmr.2023.v05i05.7916
Short DOI https://doi.org/gs3hgz

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