ESG-Driven Corporate Sustainability and Capital Structure Strategies: Perspectives from Indian Listed Companies
摘要
This study looks at how capital structure affects corporate sustainability and ESG scores for 42 publicly traded companies in industries such logistics, heavy electrical equipment, chemicals, pharmaceuticals, FMCG, and industry. The study investigates the connection between debt to equity ratios and ESG performance using a combination of Pearson correlation and ANOVA analysis. The findings indicate that while governance scores have a moderate relationship with ESG ratings, overall ESG scores have a considerable positive link with both environmental and social performance. Nevertheless, there is no discernible correlation between business sustainability or ESG performance and capital structure, as determined by the debt to equity ratio. This implies that although ESG elements are connected and influence sustainability results, the capital structure has little effect on ESG.