Corporate culture and ESG performance: Empirical evidence from China

Bai, Fuping; Shang, Mengting; Huang, Yujie

doi:10.1016/j.jclepro.2024.140732

Cited by 10 publications

(2 citation statements)

References 57 publications

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“…The so-called ESG performance has also attracted significant attention from academic scholars over the recent decade, as reflected by a growing number of research articles investigating this issue from different perspectives. From empirical perspectives, research has investigated the relationship between corporate culture and ESG performance [12] the impact of climate change on ESG performance [19], board gender diversity and ESG performance [20], and the impact of environmental uncertainty on ESG performance [21] among others.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Organizations may use different indicators and methodologies, making it difficult to compare results across countries or over time. This can also lead to issues of subjectivity and bias, as different organizations may prioritize different factors or weight them differently [12]. Another challenge is the availability and reliability of data.…”

Section: Introductionmentioning

confidence: 99%

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The Quest for an ESG Country Rank: A Performance Contribution Analysis/MCDM Approach

Tan,

Karbassi Yazdi,

Antunes

et al. 2024

Mathematics

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Utilizing Multi-Criteria Decision Analysis (MCDA) methods based on environmental, social, and governance (ESG) factors to rank countries according to these criteria aims to evaluate and prioritize countries based on their performance in environmental, social, and governance aspects. The contemporary world is influenced by a multitude of factors, which consequently impact our lives. Various models are devised to assess company performance, with the intention of enhancing quality of life. An exemplary case is the ESG framework, encompassing environmental, social, and governmental dimensions. Implementing this framework is intricate, and many nations are keen on understanding their global ranking and avenues for enhancement. Different statistical and mathematical methods have been employed to represent these rankings. This research endeavors to examine both types of methods to ascertain the one yielding the optimal outcome. The ESG model comprises eleven factors, each contributing to its efficacy. We employ the Performance Contribution Analysis (PCA), Clifford algebra method, and entropy weight technique to rank these factors, aiming to identify the most influential factor in countries’ ESG-based rankings. Based on prioritization results, political stability (PSAV) and the voice of accountability (VA) emerge as pivotal elements. In light of the ESG model and MCDA methods, the following countries exhibit significant societal impact: Sweden, Finland, New Zealand, Luxembourg, Switzerland, Denmark, India, Norway, Canada, Germany, Austria, and Australia. This research contributes in two distinct dimensions, considering the global context and MCDA methods employed. Undoubtedly, a research gap is identified, necessitating the development of a novel model for the comparative evaluation of countries in relation to prior studies.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Quest for an ESG Country Rank: A Performance Contribution Analysis/MCDM Approach

Tan,

Karbassi Yazdi,

Antunes

et al. 2024

Mathematics

View full text Add to dashboard Cite

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Unlocking sustainability potential: The impact of green finance reform on corporate ESG performance

Gao,

Zhou,

Wan

2024

Corp Soc Responsibility Env

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Improving the incentive mechanism and institutional framework of green finance policy is important to promote the synchronization of environmental management and enterprise development. Based on China's green finance reform and innovation pilot (GFRIP) policy in 2017, this study constructs a quasi‐natural experiment with a sample of A‐share listed companies and draws the following conclusions. (1) The effectiveness of GFRIP policy in significantly promoting enterprises' ESG performance in pilot areas, robustness tests such as propensity score matching and placebo tests reconfirm conclusions. (2) The GFRIP policy can effectively improve enterprise ESG performance by easing financing constraints, promoting green investment, and improving managers' green cognition. (3) Both external environmental law enforcement and internal manager environmental awareness can enhance the promotion effect of the GFRIP policy on ESG performance. (4) Heterogeneity analysis shows that the ESG performance of state‐owned enterprises, large enterprises, and high‐polluting enterprises is more affected by pilot policy. The results of the study provide a valuable perspective on how the government can promote green finance policies and implications for enterprises' sustainable development.

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