How does ESG performance impact corporate outward foreign direct investment?

Journal of International Financial Management and Accounting, Journal Year: 2024, Volume and Issue: 35(2), P. 534 - 583

Published: Feb. 14, 2024

Abstract In recent decades, environmental, social, and governance (ESG) factors have received increasing attention in the literature of corporate internationalization. While prior studies extensively examined how ESG initiatives implemented host country enhance international performance, less has been paid to facilitating role previously accumulated performance internationalization process. Drawing on a sample 2083 unique publicly listed Chinese firms from 2010 2019, we explore whether promotes outward foreign direct investment (OFDI). Our findings indicate positive association between both propensity scale OFDI. We also identify financial constraints reputation as two mechanisms through which influences additional analysis suggests that reputation‐strengthening mechanism is more pronounced for family firms, whereas no significant difference observed nonfamily terms mechanism. These important implications managers policymakers seeking promote sustainable development

Language: Английский

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The impact of climate risk on technological progress under the fourth industrial era

Technological Forecasting and Social Change, Journal Year: 2024, Volume and Issue: 202, P. 123325 - 123325

Published: March 11, 2024

Language: Английский

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Innovation in shouldering green responsibility: ESG performance and green technology innovation

Energy Economics, Journal Year: 2025, Volume and Issue: unknown, P. 108197 - 108197

Published: Jan. 1, 2025

Language: Английский

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Green Awakening: The Rising Influence of Minority Shareholders and ESG in Shaping China's Sustainable Future

Sustainable Futures, Journal Year: 2025, Volume and Issue: unknown, P. 100441 - 100441

Published: Jan. 1, 2025

Language: Английский

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Innovate, conserve, grow: A comprehensive analysis of technological innovation, energy utilization, and carbon emission in BRICS

Natural Resources Forum, Journal Year: 2024, Volume and Issue: unknown

Published: June 30, 2024

Abstract The aim of this study was to embark on a transformative exploration the interplay between technological innovation, renewable energy, economic development, and carbon emissions in BRICS nations, unveiling novel insights that redefine sustainability paradigms contribute global environmental policymaking. This comprehensive spans years 1990–2022, meticulously examining dynamics indicators, energy consumption, generation, progress. dataset's non‐normal distribution prompts use moment quantile regression, providing nuanced with consideration for diverse slopes cross‐sectional dependencies. Validation through “Dumitrescu‐Hurlin panel Causality Test” refines findings, revealing diminishing impact innovation across quantiles. illuminates compelling connection: heightened correlates strongly reduced emissions, particularly evident at lower aligns seamlessly existing research, emphasizing technology's potential sustainability. Conversely, concerning positive association emerges utilization highlighting persistent challenge posed by escalating use. Urgent strategic interventions are underscored address ecological consequences associated rising consumption. intricate relationship electricity production unfolds, renewables' pivotal role mitigating impact. ongoing discussions regarding their indispensable contribution sustainable development. underscores importance prioritizing power initiatives. However, disconcerting surfaces development all quantiles, costs accompanying growth nations. As advances, escalate, presenting substantial challenges imperative balance progress conservation efforts. enriches discourse fostering within nations beyond, marking significant stride toward more environmentally conscious future.

Language: Английский

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Bibliometric Analysis of Financial and Economic Implications during the COVID-19 Pandemic Crisis

Sustainability, Journal Year: 2024, Volume and Issue: 16(7), P. 2897 - 2897

Published: March 30, 2024

A bibliometric study was performed to explore the financial and economic implications of COVID-19 pandemic. The SCOPUS database sourced, VOSviewer version 1.6.20 used generate visualizations. Articles published between 2020 2024 were targeted, resulting in 1257 papers analysis. comprehensive analysis conducted this paper guided by keywords “COVID-19”, “pandemic”, “financial crisis”, impact”, “economic which revealed critical insights that contribute body knowledge on outputs belong topical areas economics, finance, business, management. Keyword mapping clustering methods employed analyze links crisis, impact, themes. co-occurrence network identified key thematic clusters, including analysis; research impact; social, environmental, corporate responsibility; regional studies disease-related research; challenges policy responses. This reveals an annual publication decline 62.94% average citation rate 20.13 per document. findings suggest abundance global collaboration networks authorships. contributes a better understanding multifaceted impact pandemic from perspective, offering foundation for future application strategies effective crisis

Language: Английский

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New quality productivity and environmental innovation: The hostile moderating roles of managerial empowerment and board centralization

Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 370, P. 122423 - 122423

Published: Sept. 7, 2024

Language: Английский

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Green innovation ecosystem evolution: Diffusion of positive green innovation game strategies on complex networks

Journal of Innovation & Knowledge, Journal Year: 2024, Volume and Issue: 9(3), P. 100500 - 100500

Published: May 27, 2024

The essence of the evolution green innovation ecosystem is process by which positive strategy spreads in a complex network. In this study, "Object-Technology-Environment-Management-Culture (OETMC)" structure paradigm ecosystems presented, and causal analysis framework based on behavior strategy, supported efficiency focused developed. Based framework, diffusion network are discussed. results reveal following. (1) complexity ecological has visibly improved, but numerous blank connections remain. These key constraints that hinder structural evolution. (2) appearance large number long-range weakens constraint geographical distance also hinders edge nodes from joining (3) existence preference attachment power law distribution leads to incomplete convergence at any initial ratio. (4) Default cost pollution tax rate ensure enthusiasm actors seek cooperation increasing opportunity costs, thus accelerating formation reconstruction conclusions provide decision-making reference for governments encourage subjects formulate targeted policies.

Language: Английский

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Can green investors improve the quality of corporate environmental information disclosure?

International Review of Economics & Finance, Journal Year: 2025, Volume and Issue: 98, P. 103901 - 103901

Published: Jan. 22, 2025

Language: Английский

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ESG Controversies and Firm Value: Evidence from A-Share Companies in China

Sustainability, Journal Year: 2025, Volume and Issue: 17(6), P. 2750 - 2750

Published: March 20, 2025

Firm value reflects a company’s market competitiveness, while ESG controversies indicate its risks. This study aims to examine the impact of on firm and underlying mechanisms. Using panel dataset 851 non-financial firms listed in China’s A-share between 2010 2022, this investigates relationship using two-way fixed-effects model. The analysis shows that impair value. remains robust after conducting Heckman test, 2SLS methods, heteroskedasticity tests. Further mediation indicates negatively affect through lower levels green innovation, total factor productivity, financing constraints. In addition, examines moderating effects social performance, environmental analyst forecast bias. Finally, heterogeneity was conducted. These findings provide new perspectives for understanding complex dynamics value, essential strengthening rating framework promoting sustainable corporate development.

Language: Английский

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