Mounting perusal of stockholders regrading environmental Hotpoint NSWM1043CWUKN White A+++ 10KG 1400RPM Washing Machine management of firms has increased the number of listing applications to sustainability sectoral indices to signal environmentally responsible stance of companies.Where listing signifies promising non-financial facets of corporate performance, delisting indicates reckless attitude on the protection and restoration of eco-system while achieving growth in profits.This article assesses the market response to reconstitutions in BSE GreenEx and CarbonEx.Results show significant but peculiar trend during the event period.It Bay Leave is observed that inclusions backfired on Indian entities while the market rewards delisting of stocks.
Such deviant findings could be imputed to the type of clienteles of listed and delisted firms.