Evaluating the Role of ESG Scores in Shaping Financial Performance of Listed Companies in India
インド上場企業におけるESGスコアと財務パフォーマンスの関係評価 (AI 翻訳)
Jayashankar N, R. Shashidhar, P. Paramashivaiah, V. R. Krishna
🤖 gxceed AI 要約
日本語
インドBSE500指数採用企業34社を対象に、ESGスコアとROAの関連を回帰分析。2021年のデータを用いた結果、ESGスコアとROAに負の相関が有意に確認された。短期的にはESG投資が収益を圧迫する可能性を示唆するが、長期的な企業価値向上の可能性にも言及。
English
This study examines the correlation between ESG scores and ROA for 34 companies listed on the BSE 500 index in India using 2021 data. Regression analysis reveals a statistically significant negative relationship, suggesting that ESG investments may reduce short-term profitability, while acknowledging potential long-term benefits.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本でもESGと収益性の関係が議論される中、新興国インドの実証結果は、日本企業のインド投資判断やESG統合の参考になる。ただしサンプル数が限られるため、一般化には注意が必要。
In the global GX context
This paper contributes to the global debate on ESG materiality by providing evidence from an emerging market (India). For international investors and frameworks like ISSB, it highlights the need to consider market-specific dynamics in ESG-financial performance relationships.
👥 読者別の含意
🔬研究者:Emerging market evidence on ESG and financial performance, useful for comparative studies.
🏢実務担当者:Insight into short-term trade-offs of ESG investments in India, relevant for corporate strategy.
📄 Abstract（原文）
This paper aims at determining whether the profit of a company in terms of the percentage of its returns on assets (ROA) is correlated with its performance on the environmental, social, and governance (ESG) rating. It also examines whether the association is good, bad or neutral. We have considered companies which are listed on the BSE 500 index. Their ESG ratings of 2021 were taken and the ones were compared against their ROA. The data came from CRISIL. It has a number of 34 companies in the year 2021.The regression analysis helped us to observe the dependence of ROA (the outcome) on ESG ratings (the predictor).We obtained a negative correlation between ESG scores and ROA with significance of 5%.One of the reasons might be that firms that pay attention to ESG invest more in organizational welfare and environmental regulations that may reduce the immediate profit. The second reason is because long-term investments related to ESG will not die off immediately, which will negatively impact the existing ROA. Tough ESG regulations can also drive away a number of investors or customers, whom will lower the income.Nevertheless, effective ESG practices can enhance their performance and reduce risk in the future through turning a business into a more resilient and sustainable company.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.64211/oidaijsd190620first seen 2026-07-18 07:43:23
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