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RESEARCH @ IIMV






        Potharla S., Kumar N., Choudhary P., Surya Kumari Turibilli
        Published in the Management and Labour Studies  (ABDC-C)
        According to the information efficiency view, stock price synchronicity
        reflects  the  degree  of  integration  of  firm-specific  information  with
        market-level information. Stock price synchronicity is higher (lower)

        when there is a higher (lower) level of integration between the firm and
        the overall market information. As the disclosure of environmental,
        social and governance data provides more firm-specific, non-financial,
        value-relevant  information  to  the  market,  stock  prices  reflect  such
        information efficiently. It leads to more information efficiency and lower
        synchronicity of stock prices. Against this backdrop, the present study
        examines the relationship between ESG and its component scores

        and stock price synchronicity using a sample of 163 Indian companies
        reporting their ESG scores through the Thomson Reuters database
        from 2011 to 2021. The findings of the study confirmed that the ESG
        score and the scores of its components (except the governance score)
        have a significant negative impact on stock price synchronicity and a
        significant positive impact on idiosyncratic volatility. This is consistent
        with the information efficiency viewpoint, implying that ESG disclosure
        has value relevance in the capital market and that investors in the
        Indian  market  consider  ESG  information when  making  investment

        decisions. Click here for the paper.


         Mr. Guneshwar Anand, PhD 2019
        Presented a paper titled ‘Facets of the knapsack polytope from non-
        minimal  covers’  at  IIMB  Management  Review  Doctoral  Conference
        (IMRDC 2024) in the paper track held scheduled between 2-3 February

        2024. His paper was awarded the IMRDC 2024 Best Paper Award










         Ms. Mamidala Vasanthi, PhD 2020
        Presented  a  paper  titled  ‘Do  crypto  investors  herd?’,  co-authored

        with Prof. Pooja Kumari at the RSEP International Multidisciplinary
        Conference held between 8-9 February 2024 (UAE).













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