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Does sustainability payoff Exploring the influence of corporate sustainability on the financial performance of non-financial Indian companies

K.P. Sabirali et al.

American Journal of Finance and Accounting2025https://doi.org/10.1504/ajfa.2025.146032article
ABDC C
Weight
0.41

What the paper says

The relationship between corporate sustainability and financial performance remains a topic of ongoing debate among researchers. This study investigates the influence of corporate sustainability on the financial performance of non-financial Indian companies using a panel dataset of 113 firms from the Nifty200 index over 12 years. Employing a fixed-effects panel regression model, the findings indicate an insignificant relationship between corporate sustainability and financial performance. The insignificance of results may stem from the underdeveloped ESG reporting framework, compliance-driven sustainability initiatives rather than genuine commitments, or the complex and indirect pathways through which sustainability practices influence financial outcomes. These findings highlight the need for stronger regulatory mechanisms and improved sustainability disclosures to enhance transparency and investor confidence in the Indian market.

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https://doi.org/https://doi.org/10.1504/ajfa.2025.146032

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@article{k.p.2025,
  title        = {{Does sustainability payoff Exploring the influence of corporate sustainability on the financial performance of non-financial Indian companies}},
  author       = {K.P. Sabirali et al.},
  journal      = {American Journal of Finance and Accounting},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1504/ajfa.2025.146032},
}

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Does sustainability payoff Exploring the influence of corporate sustainability on the financial performance of non-financial Indian companies

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Evidence weight

0.41

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.25 × 0.4 = 0.10
M · momentum0.55 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.