Page 39 - IIMV Newsletter_30 May 2024

RESEARCH @ IIMV

PhD Scholars’ Publications and Conference presentations

Mr. Reetendra Singh, PhD 2021
Ajay Kumar Bhurjee, Pankaj Kumar, Reetendra Singh, Vinay
Yadav

The book chapter titled ‘Overview of nonlinear interval
optimization problems’ has been published in the book series

of Advances in Computers. Click here for the reference.

Ms. Surya Kumari Turubilli, PhD 2020

1. The Social Pillar of ESG: Exploring the Link Between
Social Sustainability and Stock Price Synchronicity

Potharla S., Surya Kumari Turibilli., Shekar M.C.
Published in the Indian Journal of Corporate Governance (ABDC-C)

This study examined the association between the social sustainability
aspects of environmental, social and governance (ESG) initiatives
and stock price synchronicity in 146 publicly listed companies in
India from 2011 to 2021. Social sustainability is gauged using
indicators such as community engagement, adherence to human

rights, customer loyalty, consumer health and safety protection, and
employee welfare. Panel data regression with industry-year fixed
effects reveals a positive association between social sustainability
and stock price synchronicity. This finding suggests that the stocks
of companies with strong social issue management are more aligned
with market movements. The findings indicate that investors value
ethical management, commitment to human rights and employee
satisfaction. The insights provided by this study are vital for investors’
fund allocation decisions, highlighting the importance of workforce

and supply chain diversity, fair workplace practices, human rights
compliance and product integrity in informed investment decision-
making. Overall, the research confirms the economic benefits that
social sustainability bestows on companies and their investors. Click
here for the paper.

2. Is ESG Data Financially Viable? A Case of Stock Price
Synchronicity

36 VOL.5/ ISSUE 2, JAN-APRIL 2024