IES Management College And Research Centre

Impact of ESG Risk Scores on Firm Performance: An Empirical Analysis of NSE-100 Companies (Record no. 54770)

MARC details
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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Shobhwani, Kapil
9 (RLIN) 38566
245 ## - TITLE STATEMENT
Title Impact of ESG Risk Scores on Firm Performance: An Empirical Analysis of NSE-100 Companies
300 ## - PHYSICAL DESCRIPTION
Extent 7-18 p.
520 ## - SUMMARY, ETC.
Summary, etc This study aims to compare the overall environment, social and governance (ESG) risk score and environment risk score, social risk score and governance risk scores across different industrial sectors in India and explore the impact of overall ESG risk score, environmental, social and governance risk score on firm performance. The ESG risk score is collected for 2021–2022 from Yahoo Finance, and financial data were collected from Prowess IQ. The Nifty 100 index of NSE is used as a platform to shortlist firms. Tobin’s Q, return on assets (ROA) and return on equity (ROE) are used as proxy for the firm performance which determines the market-based, operating and financial performance, respectively. We found a significant difference among the ESG risk scores, ESG risk scores of different industries. There is a low correlation between ESG scores, environment scores, social scores, governance scores and Tobin’s Q, ROA and ROE. The regression results show that the ESG risk score has an insignificant negative impact on Tobin’s Q (market-based performance) and the environmental risk scores, social risk scores and governance risk scores have an insignificant positive impact on the Tobin’s Q. ESG risk score has an insignificant negative impact on ROA (operating performance) and ROE (financing performance) while the environment risk scores, social risk scores and governance risk scores have an insignificant positive effect on ROA and ROE. Thus, ESG risk score and its components do not show any significant impact on firm performance.
653 ## - INDEX TERM--UNCONTROLLED
Uncontrolled term ESG risk score
Uncontrolled term environment risk score
Uncontrolled term social risk score
Uncontrolled term governance risk score
Uncontrolled term firm performance
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Lodha, Shilpa
9 (RLIN) 38567
773 0# - HOST ITEM ENTRY
Host Biblionumber 54744
Host Itemnumber 82897
Place, publisher, and date of publication New Delhi Sage Publications
Other item identifier 55513676
Title Asia-Pacific Journal of Management Research and Innovation
International Standard Serial Number 2319-510X
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Source of classification or shelving scheme Dewey Decimal Classification
Koha item type Journal Article
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Date acquired Serial Enumeration / chronology Total Checkouts Full call number Barcode Date last seen Price effective from
    Dewey Decimal Classification     Main Library Main Library 14/09/2023 Vol 19, No 1   Vol 19, No 1/ 55513676JA1 55513676JA1 14/09/2023 14/09/2023

Circulation Timings: Monday to Saturday: 8:30 AM to 9:30 PM | Sundays/Bank Holiday during Examination Period: 10:00 AM to 6:00 PM