Environmental, social, and governance, firm performance and the moderating role of power distance cultural value during the COVID-19 pandemic

被引：0

作者：

Lu, Wen-Min ^{[1
]}

Kweh, Qian Long ^{[2
]}

Dashnyam, Oyunerdene ^{[1
]}

机构：

[1] Chinese Culture Univ, Dept Int Business Adm, 55,Hwa Kang Rd, Taipei 114, Taiwan

[2] Canadian Univ Dubai, Sch Management, Dubai, U Arab Emirates

来源：

BUSINESS STRATEGY AND THE ENVIRONMENT | 2024年

关键词：

COVID-19; pandemic; eco-business efficiency; environmental; social; and governance; network DEA; power distance; R&D investment efficiency; CONSTRAINED NDEA MODEL; RESOURCE-BASED THEORY; FINANCIAL PERFORMANCE; CORPORATE PERFORMANCE; ECO-EFFICIENCY; RESPONSIBILITY; INNOVATION; DISCLOSURE; OUTPUTS; CSR;

D O I：

10.1002/bse.3921

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine the association between environmental, social, and governance (ESG) and firm performance, taking into account the influence of power distance (PD) cultural orientation among 38 leading technology-driven global companies between 2017 and 2021. First, we establish an internal network structure through a chance-constrained network data envelopment analysis (NDEA) model to analyze the R&D investment and eco-business efficiencies of our sample companies. Among the average DEA score results, eco-business efficiencies performed better with after COVID-19 than R&D investment performance. Second, we conduct a truncated regression analysis and find that PD positively (negatively) moderates the impact of social (environmental and governance) factors on R&D investment efficiency (eco-business efficiency). Overall, we highlight strategic ESG toward their sustainability business success and underline the specific NDEA application in assessing the efficiencies of innovative industries.

引用

页数：19

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