Environmental, Social, and Governance (ESG) Performance and Firm Outcomes: Evidence from Financial and Operational Performance of Indian IT Firms
環境・社会・ガバナンス（ESG）パフォーマンスと企業成果：インドIT企業の財務・業績評価からのエビデンス (AI 翻訳)
I. Usha, Dr.A. Thamotharan
🤖 gxceed AI 要約
日本語
本研究は2020～2024年のインド主要IT企業のパネルデータを用い、ESGスコアと財務・業績指標（ROA、ROE、Tobin's Q、資産回転率、営業利益率）の関連を定量分析。ESG高得点企業はROAで12.4%、営業利益率で9.7%向上し、市場評価とも正の相関（r=0.68）。ガバナンス要素が最も重要な因子。
English
This study analyzes panel data of leading Indian IT firms from 2020-2024, examining the relationship between ESG scores and financial/operational performance (ROA, ROE, Tobin's Q, asset turnover, operating margin). Firms with high ESG scores show 12.4% higher ROA and 9.7% higher operating margins, with a positive correlation with market valuation (r=0.68). Governance is the most significant ESG factor.
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
インドIT企業のESGと業績の正の関係を実証。日本の投資家が新興国ESG投資を検討する際の参考となる。日本企業のインド子会社におけるESG戦略の重要性を示唆。
In the global GX context
Provides empirical evidence linking ESG performance to financial outcomes in an emerging market context, reinforcing the global business case for ESG integration. Useful for international investors assessing ESG materiality across markets.
👥 読者別の含意
🔬研究者:Offers quantitative evidence on the ESG-performance link in Indian IT firms, contributing to emerging market literature.
🏢実務担当者:Demonstrates that improving ESG scores can enhance profitability and efficiency, supporting ESG strategy in IT firms.
🏛政策担当者:Supports policies encouraging ESG disclosure and integration, showing positive economic outcomes.
📄 Abstract（原文）
Environmental, Social, and Governance (ESG) performance has grown to be one of the most crucial elements in long-term corporate sustainability and wealth creation, particularly in developing nations like the Indian economy. This study examines the connection between corporate performance and ESG performance in light of the economic and operational outcomes of Indian IT companies. The main goal is to test the hypothesis on whether increased ESG scores are correlated with quantifiable changes in profitability, efficiency, and market valuation. Based on the gathering of panel data on the leading Indian IT companies, the analysis method is a quantitative analysis using a panel research design within the period of five years (2020-2024). ESG scores are given based on standard databases, and financial performance is measured in terms of Return on Assets (ROA), Return on Equity (ROE), and Tobin’s Q. The asset turnover ratio and the operating margin are used to measure operational performance. In modifying the business sizes, leverage, and market conditions, multiple regressions and correlation methods are used to determine the connection between company performance and ESG characteristics. Based on the statistical data, sustainability performance is positively and statistically significantly associated with operational and financial performance. Particularly, companies that score high on ESG show an average growth of 12.4 % and a 9.7 % increase in ROA and operating margins, respectively, when compared to companies that have a low ESG rating. Also, the market valuation and ESG performance show a positive correlation (r = 0.68), which means that investor confidence increases. The most significant ESG factor, as far as the performance of firms is concerned, is the governance dimension. The research finds that strong ESG activities lead to better company performance in the Indian IT industry. The results prove that ESG should be considered in the process of making business decisions to attain a competitive advantage and sustainable growth.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.71086/iajse/v13i1/iajse1313first seen 2026-07-18 07:48:57
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。