RETRACTED: Impact of Environmental, Social, and Governance Parameters on Financial Performance of Firms: A Cross-Country Analysis (Journal of Risk and Financial Management, (2025), 18, 12, (666), 10.3390/jrfm18120666)

Abstract

The journal retracts the article titled, “Impact of Environmental, Social, and Governance Parameters on Financial Performance of Firms: A Cross-Country Analysis” (Banerjee et al., 2025), cited above. Following publication, concerns were brought to the attention of the Editorial Office regarding the potential statistical inconsistencies in this article (Banerjee et al., 2025). In accordance with the journal’s established procedures, the Editorial Office and Editorial Board reviewed the concerns raised and considered the authors’ response. During this process, the authors identified issues related to the statistical analysis, particularly concerning the significance levels reported in Table 4. After careful evaluation, it was determined that these issues may affect the interpretation and robustness of certain findings presented in the article. In the interest of maintaining the accuracy and integrity of the scientific record, the authors requested the retraction of the article. The Editorial Board agreed that retraction is the most appropriate course of action under these circumstances and has therefore decided to retract the publication in accordance with MDPI’s retraction policy. This retraction was approved by the Editor-in-Chief of the Journal of Risk and Financial Management. The authors have cooperated fully throughout the review process and agree with this decision.