The Moderating Role of Country Governance in the Link between ESG and Financial Performance: A Study of Listed Companies in 58 Countries

Sustainability, Journal Year: 2024, Volume and Issue: 16(13), P. 5410 - 5410

Published: June 26, 2024

Corporate environmental, social, and governance (ESG) performance is expected to positively affect financial because it helps firms gain sociopolitical legitimacy from receiving positive stakeholder awareness gaining key resources. However, the research on relationship between corporate ESG has yielded mixed results. This paper explores impact of country environment ESG–financial link. We propose that stronger for in countries with better governance. Empirical analyses using a large panel dataset covering 11 years 58 support our arguments. found more effective political stability, regulatory quality, control corruption strengthen relationship. The implications findings are significant face different environments develop sustainable business strategies.

Language: Английский

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The role of renewable energy and carbon dioxide emissions on the ESG market in European Union

Managerial and Decision Economics, Journal Year: 2024, Volume and Issue: 45(7), P. 5146 - 5158

Published: July 15, 2024

Abstract In view of global climate problems, public interest in the environment has recently evolved over decision economics. Accordingly, this study assesses impact carbon emission allowances (CEA), information technology (IT), renewable energy generation (REG), and dioxide (CO 2 ) on environmental, social, governance (ESG) European Union (EU) by applying quantile‐based models from January 2, 2019 to February 29, 2024. The outcomes demonstrate that CEA IT have an increasing effect ESG with moderating economic policy uncertainty (EPU). REG a declining ESG, while EPU moderates makes across higher quantiles.

Language: Английский

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Governing the Responsible Investment of Slack Resources in Environmental, Social, and Governance (ESG) Performance: How Beneficial are CSR Committees?

Journal of Business Ethics, Journal Year: 2024, Volume and Issue: unknown

Published: Aug. 14, 2024

Abstract Possessing slack resources enables businesses to invest in innovative and stakeholder-focused initiatives. Therefore, we posit that higher encourage allocate these improve their environmental, social, governance (ESG) performance. Moreover, as a central sustainability mechanism, hypothesize the corporate social responsibility (CSR) committee supports investing ESG Using data from Nasdaq-100 firms, find initial support for positive effect of ESG. However, further analyses reveal become detrimental after an economically relevant threshold, indicating inverted U-shaped resources. Additionally, despite generally effect, uncover CSR committees cannot effectively enhance benefits low or moderate levels nor prevent detriments elevated our study significantly contributes ongoing discourse surrounding resources, ESG, usefulness committees. These findings hold significant implications ethical resource allocation, urging firms decision-makers reconsider dual-edged role unique context realizing its potential promoting practices within organization.

Language: Английский

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Impact of ESG performance on financial risk in energy firms: evidence from developing countries

International Journal of Energy Sector Management, Journal Year: 2024, Volume and Issue: unknown

Published: Nov. 25, 2024

Purpose This study aims to examine the impact of ESG performance on financial risk (FR) in energy firms from developing countries. It also explores moderating roles controversies and board gender diversity (BGD) this relationship. Design/methodology/approach The research uses a panel data set 218 20 countries 2019 2024, using two-stage least squares regression address potential endogeneity. Robustness checks are conducted fixed-effects estimation pooled ordinary squares. Findings results indicate that superior significantly reduces both total systemic risk. positively moderate relationship between FR, suggesting may weaken risk-reducing benefits strong practices. Additionally, BGD strengthens negative FR. confirm consistency these findings across different methods. Originality/value contributes growing body literature by examining role FR mitigation, specifically within sector To best authors’ knowledge, is first explore dynamics specific context. uniquely illustrates how ESG–risk relationship, offering fresh insights extend stakeholder, management legitimacy theories. highlight importance integrating factors into corporate governance management, particularly for operating high-risk, high-impact industries such as energy.

Language: Английский

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Correcting or Concealing? The Impact of Digital Transformation on the Greenwashing Behavior of Heavily Polluting Enterprises

Sustainability, Journal Year: 2025, Volume and Issue: 17(1), P. 356 - 356

Published: Jan. 6, 2025

Identifying and governing enterprises’ greenwashing behavior is important for achieving green low-carbon development. This can be governed via digital transformation. Based on data from listed companies 2013 to 2021, this article examines the impact of transformation heavily polluting enterprises their behavior, with an empirical analysis revealing that it significantly inhibit behavior. A mechanism indicates reduces by enhancing level enterprise technological innovation improving investor attention. heterogeneity shows more significant among private highly competitive located in central China. The research conclusions indicate curbing sustainable

Language: Английский

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Do good and talk about it: The Impact of Investor Relations Quality on ESG Ratings

Finance research letters, Journal Year: 2025, Volume and Issue: unknown, P. 106839 - 106839

Published: Jan. 1, 2025

Language: Английский

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Cloud accounting: a systematic literature review

Global Knowledge Memory and Communication, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 25, 2025

Purpose Cloud accounting has emerged as a compelling area of research, experiencing significant growth in recent years. Therefore, this paper seeks to analyze the dispersed academic literature on cloud research. Through review, study aims gain insights into various aspects including research methodologies, frameworks, geographical dispersion, trends, pivotal factors and causal relationships pertinent accounting. Design/methodology/approach To offer comprehensive objective overview adopts systematic review approach. Seventy-five papers published between 2013 2023 were selected from Scopus database, Springer Link, Emerald Insight IEEE Xplore, following specific criteria outlined PRISMA process. Findings Analysis reveals that is organized four primary themes: understanding benefits challenges accounting; identifying influencing adoption; exploring influenced by implementation; examining mediating role Besides, analysis indicates notable surge 2021 2023, with 40 articles during period, signaling growing interest topic. Previous studies primarily concentrated developing countries, Jordan, Indonesia, Malaysia, India Nigeria emerging focal points. The organizational level was predominantly explored, particularly context small- medium-sized enterprises, indicating trend toward organizational-level analysis. Notably, portion not prestigious journals indexed under Scopus. Originality/value This provides publication status year, journal country. Methodological, theoretical unit information also presented. Finally, outlines limitations suggests future directions.

Language: Английский

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Governance Indicators in Sustainable Banking: A Comprehensive Bibliometric Analysis for Enhanced Sustainability

Sustainability, Journal Year: 2025, Volume and Issue: 17(3), P. 1062 - 1062

Published: Jan. 28, 2025

This study’s goal is to present a comprehensive bibliometric analysis of governance measures in relation sustainable banking, with focus on the development themes over time, interdisciplinary approaches, and contribution various regions world this field. A assessment was performed based trends, geographic contributions, thematic clustering assess intellectual structure research advancement indicators banking. Key areas included leading figures institutions field key publications issues their works. The synthesis suggests significance “governance approach”, which emerged as one connecting practices sustainability, economic growth, institutions. It emphasized that, after 2010, emphasis shifted from corporate more comprehensive, ‘sustainable development’ models environmental, social, (ESG) parameters within banking systems. international aspect research, largely involves American, Chinese, Indian scholars, demonstrates integrative varied nature scholarly activity, while developing countries regional policy adaptation. study contributes better understanding context complexity roles played by regard emphasizes need integrate operational frameworks criteria control reach suitable outcomes. On hand, it explores scope, other, supports further thus enriches sector its related fields.

Language: Английский

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Developing an intellectual capital benchmarking approach of business incubators

Journal of Intellectual Capital, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 5, 2025

Purpose This study aims to propose an improved benchmarking approach for developing novel intellectual capital (IC) performance indicators (PIs) business incubators (BIs), a crucial underexplored actor within entrepreneurial ecosystems. The developed PIs are used benchmark the of selected BIs, identify best-in-class performers and extract their practices into explicit knowledge provide practical guidelines. Design/methodology/approach To create more effective approach, this integrates several validated methods, including Delphi technique, incubation maturity model, analytic hierarchy process mapping ontology. These methods address fundamental limitations traditional approaches improve overall process. Findings Through implementation new IC BIs corresponding assessment rubrics, based on levels incubation, have been developed. Furthermore, best all were identified, extracted presented as knowledge. Originality/value addresses major gaps in literature, (1) resolving approaches, (2) standard set rubrics (3) conducting first among (4) executing through analysis phase.

Language: Английский

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Multinational Corporations and Climate Change: Four Environmental Strategies and Their Impacts on Firm Performance

Business Strategy & Development, Journal Year: 2025, Volume and Issue: 8(1)

Published: March 1, 2025

ABSTRACT While existing research has examined various factors influencing the ESG–firm performance relationship, firm strategy‐related remain underexplored. To address this gap, study introduces two key strategic factors: (1) motivation and (2) relevance of ESG to core business operations. Additionally, we develop a conceptual framework that classifies four environmental response strategies examines their differential impacts on performance. Through case Walmart since early 2000s, find shift toward active was driven more by reputational financial challenges than ethical considerations. Furthermore, Walmart's enhanced integration initiatives in climate reflects dual objective: sustaining long‐term growth while mitigating rising costs regulatory compliance. This paper complements previous studies MNCs' engagement proposing opportunities for creating advantages, rather viewing it solely as additional costs.

Language: Английский

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