Green innovation plays a crucial role in sustainable development, yet its financial impact on high-pollution industries remains underexplored. This study analyzes the short- and long-term financial effects of green innovation using 30,108 firm-year observations from Chinese A-share listed companies in high-pollution industries (2009–2022). Employing fixed-effects regression models, green innovation is measured through environmental patents (EnvrPats) and environmentally innovative patents (EnvrInvPats), with Return on Assets (ROA) as the financial performance metric. To address endogeneity concerns, instrumental variable (IV) techniques are applied using digital transformation (DT) as an instrument, alongside a two-stage Generalized Method of Moments (GMM) approach for validation. This study explores the moderating roles of Sustainable Liquidity Reserves (cash flow) and the Sustainable Development Index (ESG performance), while a channel test examines the influence of R&D expenditures and financial constraints. A heterogeneity analysis reveals that firms in high-pollution industries experience greater short-term financial benefits from green innovation, driven by regulatory pressures and public scrutiny. A pre- and post-COVID-19 analysis highlights the increased importance of green innovation in firm resilience during economic disruptions. Robustness checks, including alternative financial performance measures and nonlinear modeling, confirm the reliability of the findings. While green innovation imposes initial financial costs, firms with stronger cash reserves and ESG performance can better absorb these costs and achieve long-term financial gains, emphasizing the need for targeted policy support to facilitate sustainable growth.

Objective - Investment is the commitment of funds which have been saved from the current consumption with an expectation of favorable future returns. Investment behavior is concerned with choices made about the purchase of a significant number of securities for an individual or institutional account. Individual investment behavior is relatively a new area of research in behavioral finance. This study aims to identify the various behavioral patterns of retail investors and their investment decision making in the newly formed Telangana state of India. Methodology/Technique - Data were collected from a sample of 200 retail investors via a structured questionnaire. Factor analysis was then conducted to critically identify the behavioral patterns of the retail investors. Findings - The findings of this study indicate that the two behavioral factors of Heuristics and Prospect have significant impact on the investment decision making attitudes of the retail investors. Novelty - As a newly formed state in India, the Telangana state provides potential investment opportunities for retail as well as institutional investors. It is thus, highly imperative to explore how retail investors make investment decisions especially in the newly formed Telangana State in India Type of Paper: Empirical Keywords: Behavioral Factors; Behavioral Finance; Investment Behavior; Investment Decision Making; Retail Investor.

Objective - The growth and magnitude of industrial sickness is a dangerous issue, not only for the present situation but also for the near future. There are many reasons that could have caused a company to become sick and the reasons could be internal or external or a combination of both. In that regard, this paper aims to analyse the presence of industrial sickness by reviewing the revival policy measures of the Fertilizer Corporation of India Limited (FCIL), particularly the Ramagundam unit. Methodology/Technique - Data for this paper are extracted from sources such as the Indian Economy reports, the Department of Fertilizers Government of India reports and personal interviews with the employees of the Fertilizers Corporation of India Limited, Ramagundam unit. Findings - The results showed that the FCIL unit became sick mainly because of poor management decisions, feeble human resource management, use of outdated technology, power-cut problems, non-availability of raw materials and wrong government policies. Novelty - This paper highlights why the FCIL has been declared as a sick company and what sort of government policies and preventive actions should be taken for revival or to rehabilitate the company. Type of Paper: Empirical Keywords: Sickness; Revival Measures; Industrial Development; Fertilizers.