The Effect of Environmental, Social and Governance Consistency on Economic Results

被引：68

作者：

Ferrero-Ferrero, Idoya ^{[1
]}

Fernandez-Izquierdo, Maria Angeles ^{[1
]}

Munoz-Torres, Maria Jesus ^{[1
]}

机构：

[1] Univ Jaume 1, Finance & Accounting Deparment, Castellon De La Plana 12071, Spain

来源：

SUSTAINABILITY | 2016年 / 8卷 / 10期

关键词：

firm performance; economic performance; environmental; social and governance performance; consistency; synergistic effect; generalized method of moments; endogeneity problems; FINANCIAL PERFORMANCE; FIRM PERFORMANCE; SUSTAINABILITY PERFORMANCE; MANAGEMENT-SYSTEMS; STAKEHOLDER THEORY; CORPORATE; RESPONSIBILITY; INTERDEPENDENCE; DISCLOSURE; STRATEGY;

D O I：

10.3390/su8101005

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

This study aims to explore how environmental, social and governance (ESG) consistency impacts the firm performance, specifically, the relationship between ESG performance and economic performance (EP). This study posits that the company's commitment and effectiveness towards the creation of consistent competitive advantage in environmental, social and governance dimensions constitutes an intangible value that leads improvements in corporate performance. This work uses a panel dataset for listed firms of the EU-15 countries during the period 2002 to 2011 and applies Generalized method of moments (GMM) estimator system in order to address the potential unobserved heterogeneity and dynamic endogeneity. The main results reveal that the global effect of ESG performance on EP for those firms that present interdimensional consistency is greater than the rest, except for higher levels of ESG performance.

引用

页数：16

共 50 条

[1] The effect of environmental, social and governance risks
Dogru, Tarik
Akyildirim, Erdinc
Cepni, Oguzhan
Ozdemir, Ozgur
Sharma, Abhinav
Yilmaz, Muhammed Hasan
[J]. ANNALS OF TOURISM RESEARCH, 2022, 95
[2] Accounting for economic sustainability: environmental, social and governance perspectives
Lehner, Othmar M.
Harrer, Theresia
[J]. JOURNAL OF APPLIED ACCOUNTING RESEARCH, 2019, 20 (04) : 365 - 371
[3] DOES ENVIRONMENTAL, SOCIAL AND GOVERNANCE PERFORMANCE INFLUENCE ECONOMIC PERFORMANCE?
Cek, Kemal
Eyupoglu, Serife
[J]. JOURNAL OF BUSINESS ECONOMICS AND MANAGEMENT, 2020, 21 (04) : 1165 - 1184
[4] Corporate governance for sustainability: Connecting environmental, social and economic goals
Bhat, Basit Ali
Makkar, Manpreet Kaur
Gupta, Nitin
[J]. SUSTAINABLE DEVELOPMENT, 2024, 32 (03) : 2754 - 2765
[5] Economic policy uncertainty, stakeholder engagement, and environmental, social, and governance practices: The moderating effect of competition
Vural-Yavas, Cigdem
[J]. CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 2021, 28 (01) : 82 - 102
[6] The effect of innovation on environmental, social and governance (ESG) practices
Dicuonzo, Grazia
Donofrio, Francesca
Ranaldo, Simona
Dell'Atti, Vittorio
[J]. MEDITARI ACCOUNTANCY RESEARCH, 2022, 30 (04) : 1191 - 1209
[7] Uncertainty is a panacea or a poison? Exploring the effect of economic policy uncertainty on corporate environmental, social and governance disclosure
Huang, Lei
Li, Haidong
Wang, Shanyong
[J]. JOURNAL OF ENVIRONMENTAL PLANNING AND MANAGEMENT, 2024, 67 (14) : 3528 - 3551
[8] The effect of economic, environmental and social sustainability performance on accounting conservatism: the moderating role of good corporate governance
Khlifi, Sawssen
Boujelbene, Mohamed Ali
Chouaibi, Jamel
[J]. REVIEW OF ACCOUNTING AND FINANCE, 2024,
[9] Country environmental, social and governance performance and economic growth: The international evidence
Wang, Jiazhen
Yu, Jing
Zhong, Rui
[J]. ACCOUNTING AND FINANCE, 2023, 63 (04): : 3911 - 3941
[10] Is national economic growth associated with environmental social and governance performance of firms?
Biju, Ajithakumari Vijayappan Nair
Jayachandran, Ambili
Thomas, Ann Susan
Sasidharan, Aghila
[J]. BUSINESS STRATEGY AND DEVELOPMENT, 2024, 7 (03):

← 1 2 3 4 5 →