Exploring Sustainable Investments: How They Drive Firm Performance in Indian Private and Publicly Listed Companies

Mohd Yousuf Javed, Mohammad Hasan, Mohd Aqil, Mohd Ziaur Rehman and S. A. Atif Salar ()
Additional contact information
Mohd Yousuf Javed: Department of Business Administration, Aligarh Muslim University, Kishanganj Centre, Kishanganj 855107, Bihar, India
Mohammad Hasan: IILM Institute of Higher Education, Lucknow 226010, Uttar Pradesh, India
Mohd Aqil: Department of Business Administration, Aligarh Muslim University, Kishanganj Centre, Kishanganj 855107, Bihar, India
Mohd Ziaur Rehman: Department of Finance, College of Business Administration, King Saud University, P.O. Box 71115, Riyadh 11587, Saudi Arabia
S. A. Atif Salar: Al Barkaat Institute of Management Studies, Aligarh 202122, Affiliated to Dr. A.P.J. Abdul Kalam Technical University, Lucknow 226010, Uttar Pradesh, India

Sustainability, 2024, vol. 16, issue 16, 1-16

Abstract: This research aims to present a holistic view of sustainable investments on firm performance by exploring the dimensions of sustainable investments and firm performance concerning Indian private and publicly listed companies. Panel data regression has been used to explore the relationship between sustainable investment and firm performance. The data of 75 BSE-listed companies has been extracted from Prowess IQ from 2012–2022.Two panels based on different ownership structures were created to observe the impact of sustainable investment and firm performance. The findings of this study indicate that sustainable investments positively impact firm performance in private ownership but negatively impact the firm’s performance in public ownership. The study provides an extensive and holistic view of sustainable investments in Indian companies listed in the BSE, which can be helpful for researchers, professionals, and policymakers in the field. The findings of this research contribute to the solutions to socio-economic challenges and support sustainable development goals through sustainable investments. This research is one of the first attempts to provide a holistic view of sustainable investments by including various aspects of sustainability and firm performance in Indian listed companies and ownership.

Keywords: sustainable investments; firm performance; panel data regression; BSE; econometrics; private companies vs. public companies (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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