000			01473nam a22001457a 4500
999			_c525583 _d525583
008			240322b ||||| |||| 00| 0 eng d
100			_aNain, M.D.Z., Bhat, S.A. and Bhat, J.A. _950792
245			_aESG investments, bear periods and adaptive resilience: Evidence from India using a DBEKK MGARCH
260			_aJournal of Social and Economic Development
300			_a25(1), Dec, 2023: p.5-21
520			_aIn the present study, we compare the adaptive resilience of market benchmark and ESG compliance indices in case of the Indian economy using the daily data on NIFTY100ESG and NIFTY100 for the period 1st April 2011 to 13th January 2022. Incorporating a Multivariate Generalized Autoregressive Conditional Heteroskedasticity, we find that positive average excess return of NIFTY100ESG is slightly higher than its counterpart NIFTY100. The contribution of return own shocks to respective short-run conditional volatility is higher than its own volatility, and own volatility long-run persistence is greater than the short-run persistence. Moreover, the contribution of bad news toward volatility reduction is more pronouncing in case of NIFTY100ESG. Finally, we find that ESG investments have more adaptive resilience compared to traditional benchmarks investments. – Reproduced https://link.springer.com/article/10.1007/s40847-023-00273-w
773			_aJournal of Social and Economic Development
906			_aECONOMIC DEVELOPMENT - INDIA
942			_cAR