Do institutional investors care about ESG performance: evidence from India

被引：0

作者：

Mulchandani, Kalyani ^{[1
]}

Mulchandani, Ketan ^{[2
]}

Jain, Megha ^{[3
]}

机构：

[1] NMIMS Univ, Mukesh Patel Sch Technol Management & Engn, Mumbai, India

[2] NMIMS Univ, Anil Surendra Modi Sch Commerce, Mumbai, India

[3] Jaipuria Inst Management Indore, Indore, India

来源：

INTERNATIONAL JOURNAL OF INDIAN CULTURE AND BUSINESS MANAGEMENT | 2023年 / 29卷 / 01期

关键词：

institutional ownership; ESG disclosures; socially responsible; panel data regression model; India; CORPORATE SOCIAL-RESPONSIBILITY; FIRM VALUE; FINANCIAL PERFORMANCE; OWNERSHIP STRUCTURE; GOVERNANCE; DISCLOSURE; EQUITY; CSR; ACTIVISM; BEHAVIOR;

D O I：

10.1504/IJICBM.2023.130932

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Socially responsible investors (SRIs) evaluate ESG performance of firm and that is why firms have started disclosing ESG parameters in the annual reports. This study is focused on examining the impact of institutional ownership on the firm's sustainability behaviour in the Indian context. Data is collected for eight years from 2013 to 2020 for non-banking and non-finance companies for which continuous relevant data are available for all the years. Total of 736 observations is considered for the purpose of analysis. After examining the data, it is found that institutional ownership affects ESG performance negatively and unlevered firms score better ESG ratings than their counterparts.

引用

页码：136 / 149

页数：15

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