Business Perspectives and Research, Ahead of Print.
Studies reveal that the financial well-being of employees has a direct bearing on their productivity and overall well-being. The wellness initiatives organized by the information technology (IT) companies operating in India have also started focusing on the contributing aspects of financial well-being. In this context, the article explores the determinants of financial well-being of IT professionals in India. The article utilizes confirmatory factor analysis (CFA) for the analysis. The study employs a survey questionnaire covering financial literacy, financial behavior, and financial fragility. It also attempts to recognize the influence of gender and job roles (technical or managerial) in ascertaining financial well-being. The sample data used in the study include 237 professionals employed in the IT sector. The study uses partial least squared structured equation modelling (PLS-SEM) to understand the connection between the determining factors. The results indicate that financial well-being is positively influenced by financial literacy and financial behavior while financial fragility has a substantial negative impact. The financial literacy and financial fragility are significantly different between technical and managerial roles. Gender appears to have a sizeable impact on the financial behavior and financial fragility levels—women employees performed better in both the factors. Interestingly, financial literacy levels of the two genders are not significantly different. The results show that there is a need to focus on literacy, behavior, and fragility in financial wellness programs organized by the IT industry. Further, the study recommends offering tailored financial wellness training modules created based on the job levels and gender instead of following “one program, fits all” standardized approach.

Business Perspectives and Research, Ahead of Print.
This article primarily investigates the association between corporate environmental performance (CEP) and financial performance (FP) of a firm and it also examines the effects of good, mixed, and poor environmental performers on FP. To achieve the objective, annual reports of 145 most polluting companies in India have been used from 2009–2010 to 2018–2019. On the basis of Global Reporting Initiative framework, the CEP scores have been measured in terms of quantitative (binary coding system) and qualitative (three-point scale) aspects using the content analysis technique. Subsequently, the scores are used to analyse the linkage between CEP disclosure and firms’ FP. Employing static and dynamic panel data analyses, the study observes quantitative as well as qualitative CEP performs significant part in expanding the firms’ market value and also notices innovation oriented investment boost the FP. On the contrary, the study finds out the expenditure on research and development and CEP together negatively influence firms’ FP. Further, it also reveals good performers make better CEP disclosure in their annual reports compared with mixed and poor performers on all aspects of environmental performance indicators of GRI guidelines and also observes a positive linkage between good performers and firm’s FP.