Record Details

DOES IT PAY TO BE ENVIRONMENTALLY CONSCIOUS: A STUDY OF NIFTY COMPANIES

Journal of Research in Commerce & Management

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Field Value
 
Title DOES IT PAY TO BE ENVIRONMENTALLY CONSCIOUS: A STUDY OF NIFTY COMPANIES
 
Creator Kadyan, Aarti
Aggarwal, Priyanka
 
Subject Corporate Sustainability; Environmental Performance; Economic Performance; Environmental Reporting; Socially Responsible Investment (SRI)
 
Description This paper investigates the impact of corporate environmental performance on its economic performance. The environmental performance has been measured by using environmental ratings extracted from CSR Hub, while financial performance has been measured by using both accounting and market based measures- Earnings per share (EPS), Price-Earnings Ratio (P/E ratio) and Return on Assets (ROA).  The multiple regression analysis is conducted to examine this relationship. The paper also used two control variables- Size of the firm (proxied by firm’s market capitalization) and firm’s growth (proxied by Price to Book value ratio).  The sample consists of top 50 companies listed on National Stock Exchange (NSE) commonly referred to as NIFTY companies. The study found that environmental ratings have positive association with P/E ratio & ROA and negative relationship with EPS. However the relationship is not significant with any of the three variables.
 
Publisher Abhinav-National Monthly Refereed Journal Of Research In Commerce & Management (Online ISSN 2277-1166)
 
Contributor —
 
Date 2014-03-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://abhinavjournal.com/journal/index.php/ISSN-2277-1166/article/view/150
 
Source Abhinav-National Monthly Refereed Journal Of Research In Commerce & Management (Online ISSN 2277-1166); Vol 3, No 3 (2014): Abhinav-National Monthly Refereed Journal Of Research In Commerce & Management (Online ISSN 2277-1166); 5-14
2277-1166
 
Language eng
 
Relation http://abhinavjournal.com/journal/index.php/ISSN-2277-1166/article/view/150/pdf_30
 
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