Now showing 1 - 3 of 3
  • Placeholder Image
    Publication
    Corporate social performances of firms in select developed economies: A comparative study
    (01-06-2022)
    Rajesh, R.
    ;
    Rajeev, A.
    ;
    Corporate Social Performances (CSP) has a determining role in the Environmental, Social, and Governance (ESG) scores of firms. Corporate Social Responsibility (CSR) strategy scores in the ESG ratings can provide a measure of the CSP concerts of firms. We observe in this research, the mean differences in the CSR strategy scores and the ESG scores of firms in select developed economies such as; US, UK, Japan, and Australia, representing different geographical regions globally. Thomson Reuters ESG scores based on ten major parameters and over 400 company level indicators are used to empirically evidence the study. The initial data of average performances on ESG indicators of 939 firms considered for a period of five years from 2014 to 2018 is analyzed. The results imply that the mean differences in the CSR strategy scores are not significant, considering the developed economies, deliberated in the study. Along with that, we observe a significant mean difference in the ESG scores of Australian firms considered for the study, in comparison with the firms from other developed economies. And the study confirm that the CSR strategy scores are significant predictors of ESG performance scores of firms in the developed economies considered for study.
  • Placeholder Image
    Publication
    Predicting resilience in retailing using grey theory and moving probability based Markov models
    (01-09-2021)
    Rajesh, R.
    ;
    Agariya, Arun Kumar
    ;
    The level of resilience for an urban retail system is referred to as the ability of diverse types of retailing to adjust to any modifications, crises or shocks, which can adversely influence the system equilibrium, without compromising on performing its’ functions in a viable way. We use the case of retailing in an urban environment, considering a town center, and observed the resilience factors in retailing. Apart from that, we propose a methodology to measure and predict the level of retail resilience of urban town centers. The idea and theory of grey prediction models and moving probability based Markov models are used in this research for predicting the retail resilience of town centers using several identified indicators. Here, the retail resilience of a case town center, which is located in an Indian city, is evaluated based on the five indicators of retail resilience. From the results of prediction, an increasing trend in the level of retail resilience is observed for the case during 2020. This is perceived as per the results of predictions from the grey model of the first order and with one variable (GM (1, 1) model) and the grey moving probability state Markov model-based error correction. Managers can acknowledge the level of retail resilience and the stage of the adaptive cycle, where the town center stands in resilience, for improving the future trends in the resilience of the town center. Also, the policy implications points in the direction to mend or amend strategies to fit the town center within the adaptive cycle of resilience, as discussed in the paper.
  • Placeholder Image
    Publication
    Relating Environmental, Social, and Governance scores and sustainability performances of firms: An empirical analysis
    (01-03-2020)
    Rajesh, R.
    ;
    Environmental, Social, and Governance (ESG) scores can act as an indicator for sustainability performance of organizations. This paper explores an empirical evidence for the relationship binding ESG scores and sustainability performances of firms. We observe and evaluate the ESG performance scores of 1,820 firms globally for 5 years, from 2014 to 2018 on 10 major themes and over 400 different indicators, as listed by Thomson Reuters and is captured from the Bloomberg terminal data. We posit five hypotheses to check the relations binding ESG scores and the total sustainability performances of firms. A Partial Least Square (PLS) analysis and standard bootstrapping using Smart PLS 3.0 software is used to observe the results and to evidence the direct and moderating effects among latent variables contributing to sustainability performances. We observe a significant and negative moderating effect of ESG performances, independently over the all direct relations, considering their relationship to ESG performances. One of the major implications of this research is in the direction of assigning priorities while considering environmental-, social-, and governance-related themes in the implementation of any strategies or policies into practice.