Stronger Financial Stress, Better Environmental, Social and Governance Scores – IIM-I Study
Indore (Madhya Pradesh): A study by Indian Institute of Management Indore researchers has revealed that financially constrained firms in India tend to demonstrate stronger Environmental, Social and Governance (ESG) performance, reinforcing the principles of Signalling Theory. The research, titled "Financial Constraints and ESG Performance: A Signaling Theory Perspective," has been published in the academic journal Applied Economics. The study was…
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