
Innovation and Green Development, Journal Year: 2024, Volume and Issue: 4(1), P. 100199 - 100199
Published: Dec. 27, 2024
Language: Английский
Innovation and Green Development, Journal Year: 2024, Volume and Issue: 4(1), P. 100199 - 100199
Published: Dec. 27, 2024
Language: Английский
Published: Jan. 1, 2025
This study examines the relationship between democracy and national Environmental, Social, Governance (ESG) performance using a panel dataset of 95 countries from 1990 to 2018. Employing fixed-effects regression, panel-corrected standard errors (PCSEs), system generalized method moments (GMM) estimations, analysis reveals complex multidimensional impact on ESG outcomes. While democratic institutions enhance social sustainability—where one-unit increase in is associated with 0.0004-point rise scores—they simultaneously weaken environmental governance performance, scores declining by 0.0003 per unit democracy. These divergent effects reflect democracy’s capacity promote welfare accountability yet also highlight structural constraints such as policy fragmentation short-term electoral incentives that hinder comprehensive reforms. The findings further indicate these trade-offs are more pronounced developed democracies, whereas emerging democracies exhibit balanced, albeit modest, gains. By challenging assumption uniformly advances sustainability, this underscores importance institutional adaptation targeted interventions across different political contexts.
Language: Английский
Citations
4Journal of International Financial Markets Institutions and Money, Journal Year: 2025, Volume and Issue: 100, P. 102132 - 102132
Published: Feb. 25, 2025
Language: Английский
Citations
1Journal of International Financial Markets Institutions and Money, Journal Year: 2025, Volume and Issue: 100, P. 102133 - 102133
Published: March 3, 2025
Language: Английский
Citations
0Innovation and Green Development, Journal Year: 2025, Volume and Issue: 4(2), P. 100226 - 100226
Published: March 28, 2025
Language: Английский
Citations
0Innovation and Green Development, Journal Year: 2024, Volume and Issue: 4(1), P. 100199 - 100199
Published: Dec. 27, 2024
Language: Английский
Citations
0