Modelling the impact of corporate sustainability on economic performance with reference to Indian financial industry. (3rd April 2020)

• Record Type: Journal Article
• Authors: Sharma, Geeti; Gupta, Sahil
• Is Part Of: World review of entrepreneurship, management and sustainable development. Volume 16:Number 3(2020)
• Page Start: 317
• Page End: 328
• Publication Date: 2020-04-03
• Subjects: economic performance -- Indian financial industry -- sustainability practices -- structural equation modelling; Sustainable development -- Periodicals; Entrepreneurship -- Periodicals; 338.04
• Languages: English
• ISSNs: 1746-0573

Abstract

Corporate sustainability is a buzzword these days and is instrumental in achieving a comparative advantage by the corporates. The study intends to study the influence of corporate sustainability on economic performance concerning the Indian banking industry. Structural equation modelling, a multivariate technique, is employed in this study to measure the relationship between corporate sustainability and economic performance. Results show the significant but moderate positive relationship between economic performance and corporate sustainability. The findings would be beneficial to the experts in the allocation of limited resources to improve the corporate sustainability performance of firms, particularly in the Indian banking sector.