ARCHIVES
VOL. 10, ISSUE 1 (2024)
Investment prospects in ESG stocks- A study through arima model
Authors
Bidisha Sarkar Datta
Abstract
Environment accountability of companies is
increasingly becoming a key parameter for investment decision. Companies with
good ESG scores can been considered as the ones which are more accountable than
others. So ESG stocks can be of much interest to the investors. However, the
investor also expects good returns from their investments. This paper studies
whether ESG index (considered in lieu of individual ESG stocks) are
predictable, since predictability would ensure that investors would be able to
make informed decisions and hence it will be a good investment option. Literature
survey brought out few papers in the domain of ESG stocks that studies the
same, but no papers in the Indian context. ARIMA model has been applied to find
the predictability and out of sample data has been forecasted and compared with
the actual values. The results indicate that the forecasted values closely
resemble the actual values and hence ESG stocks are predictable.
Download
Pages:75-77
How to cite this article:
Bidisha Sarkar Datta "Investment prospects in ESG stocks- A study through arima model". International Journal of Commerce and Management Research, Vol 10, Issue 1, 2024, Pages 75-77
Download Author Certificate
Please enter the email address corresponding to this article submission to download your certificate.