THE RELATIONSHIP BETWEEN SOCIALLY RESPONSIBLE INVESTING (SRI) AND STOCK PERFORMANCE OF BSE LISTED FIRMS IN INDIA

Murugesan Selvam, Bharathidasan University, India
Dhamotharan Dhanasekar, Bharathidasan University, India
Balasundram Maniam, Sam Houston State University, U.S.A.
Sankaran Venkateswar, Saint Mary's College of California, U.S.A.
Published in

 JOURNAL OF ACADEMY OF BUSINESS AND ECONOMICS
Volume 24, Issue 1, p19-29, March 2024

ABSTRACT

The aim of this study is to examine the relationship between Socially Responsible Investing (SRI) and Stock Performance of BSE Listed firms in India. The measurement of ESG score, for socially responsible investing and stock return for stock performance, were used as variables in this study. The study found that there was a positive relationship between socially responsible investing and stock performance of BSE listed firms. It is suggested that the sample firms in India may continue to make the socially responsible investing towards environment etc., because such acts would promote reputation of the firms in the long run.

Keywords

Corporate Social Performance, Corporate Financial Performance and ESG Score


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