The effect of innovation on environmental, social and governance (ESG) practices

Dicuonzo, Grazia; Donofrio, Francesca; Ranaldo, Simona; Dell’Atti, Vittorio

doi:10.1108/medar-12-2020-1120

Cited by 39 publications

(35 citation statements)

References 66 publications

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“…The findings were not unexpected, given that the UK was the foremost to initiate governance reforms, based on the recommendations of the Committee on the Financial Aspects of Corporate Governance (1992), popularly known as the Cadbury report, while the United States and Australia saw big corporate fraud in 2000 (Singh et al, 2021). Recently, environmental regulation, ESG portfolios, innovation, socially responsible investment, and pension funds have been the subject of studies in the United States (Alda & Vicente, 2021; Dicuonzo et al, 2022; Mukherjee & Sohrabji, 2022; Ouchen, 2021). The United Kingdom has been concentrating on the ESG-liquidity-stock-return nexus, exchange-traded funds, innovation, socially responsible investment, and pension funds (Albitar et al, 2022; Dicuonzo et al, 2022; Rompotis, 2022).…”

Section: Findings and Discussionmentioning

confidence: 99%

“…Recently, environmental regulation, ESG portfolios, innovation, socially responsible investment, and pension funds have been the subject of studies in the United States (Alda & Vicente, 2021; Dicuonzo et al, 2022; Mukherjee & Sohrabji, 2022; Ouchen, 2021). The United Kingdom has been concentrating on the ESG-liquidity-stock-return nexus, exchange-traded funds, innovation, socially responsible investment, and pension funds (Albitar et al, 2022; Dicuonzo et al, 2022; Rompotis, 2022).…”

Section: Findings and Discussionmentioning

confidence: 99%

“…Therefore, despite being actively engaged in ESG research, India lagged in the total citation ranking due to non-participation in cross-border research cooperation. Dicuonzo et al (2022) investigated the impact of innovation on ESG practices in the United States, the United Kingdom, France, Italy, Spain, and Germany. Baraibar-Diez and Odriozola (2019) examined the impact of a CSR committee on ESG performance in the United Kingdom, France, Spain, and Germany.…”

Section: Findings and Discussionmentioning

confidence: 99%

“…Main Information. engaged in ESG research, India lagged in the total citation ranking due to non-participation in cross-border research cooperation Dicuonzo et al (2022). investigated the impact of innovation on ESG practices in the United States, the United Kingdom, France, Italy, Spain, and Germany.…”

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confidence: 99%

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Understanding the Evolution of Environment, Social and Governance Research: Novel Implications From Bibliometric and Network Analysis

2022

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Given the scarcity of comprehensive review studies in the literature, this bibliometric analysis thrives on taking a scientific approach to delivering quantitative and qualitative information on the ever-evolving field of ESG. Utilizing the performance analysis and science mapping techniques which includes citation analysis, co-word analysis, the study reports a holistic overview of 693 (ESG) papers from 1991 to 2020. The paper aims to provide a unified perspective on the evolution and further identify future research directions in this field. The findings point to the most important countries, authors, studies, and top journals in this field. Results show that published articles on ESG gained momentum after 2006; however, an exponential rise is being observed in the past 5 years, with research focusing on sustainable finance, sustainable development, ESG, and CSR with themes extending to risk management, stakeholder engagement, and portfolio construction, among others. Furthermore, the research identifies how the practice of ESG reporting affects many variables such as financial performance, social performance, environmental performance, and sustainability score. The findings also indicate that the field of ESG is still evolving, with numerous unexplored themes. The work is novel and relevant on the pretext that it uses the Scopus and Web of Science databases for bibliometric mapping, whereas previous studies have used the Scopus database but have lacked a robust methodology, so the findings of this study provided strong support for identifying emerging paradigms in the ESG literature.

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Section: Findings and Discussionmentioning

confidence: 99%

Section: Findings and Discussionmentioning

confidence: 99%

Section: Findings and Discussionmentioning

confidence: 99%

mentioning

confidence: 99%

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Understanding the Evolution of Environment, Social and Governance Research: Novel Implications From Bibliometric and Network Analysis

2022

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“…Albort-Morant, Leal-Millán [126], Huang, Hu [127] and Tang, Qiu [128] described green innovation as having a positive impact on the management of internal dynamic dimensions, pressure from market and customers as well as compliance with environmental regulations. Dicuonzo, Donofrio [129] identified a positive relationship between ESG performance and innovation, measured by R&D investment and the number of patents developed by firms. As an innovation, De Santis and Presti [130] suggested that big data could help achieve sustainability.…”

Section: The Mediating Role Of Innovation On the Relationship Between...mentioning

confidence: 99%

Does ESG Impact a Firm’s Sustainability Performance? The Mediating Effect of Firm Innovation Performance

Zhou¹,

Rashid²,

Zobair³

et al. 2023

Preprint

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In this age of global warming, academics and policymakers are increasingly concerned about firm environmental sustainability success. Therefore, this study aims to investigate whether Environmental, Social and Governance (ESG) performance impacts sustainability performance through the mediating effect of firm innovation. To this end, Structural Equation Modeling (SEM) was deployed to analyze data collected from the employees of manufacturing industries in an emerging economy like Bangladesh. The results revealed that ESG performance significantly enhances the innovation and sustainability performance of manufacturing industries, indicating that the higher the ESG performance of a firm, the greater its innovation and sustainability performance. Furthermore, the results confirmed that firm innovation performance fully mediates the relationship between ESG initiatives and sustainability performance. The findings of this study provide policymakers and industry authorities with valuable insight into the role of ESG and innovation performance in improving sustainability performance. Specifically, the study sheds knowledge on how firm ESG initiatives and innovation performance impact sustainability performance in the manufacturing sector of an emerging economy like Bangladesh.

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How uncertainty can determine corporate ESG performance?

Bin‐Feng,

Mirza,

Ahsan

et al. 2023

Corp Soc Responsibility Env

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Using Sino‐Securities Environmental, social, and governance (ESG) ratings data, we examine how environmental uncertainty affects the ESG performance of Chinese A‐share non‐financial listed firms from 2008 to 2020. Our findings show that environmental uncertainty harms corporate ESG performance. In particular, when environmental uncertainty increases, a firm's ESG score and ESG ratings decline due to factors such as financial constraints and industry competition. We argue that as the environmental risk premium rises, it increases the real options value of postponing sustainable investment for a firm. Consequently, the firms tend to cut down their ESG investment by weighing the long‐term benefits and short‐term direct costs. The value of real options changes with the investment opportunities available to the firms and the financing constraints and competitive pressure changes the size of investment opportunities. We argue that higher financing constraints and industry competition restrict available investment opportunities and dilute the negative impact of environmental uncertainty on corporate ESG performance. These results add to the existing literature investigating the impact of uncertainty on corporate ESG performance and offer insights to regulators and enterprise managers. These results are robust to alternate proxies of ESG performance and alternate regression techniques.

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The effect of innovation on environmental, social and governance (ESG) practices

Cited by 39 publications

References 66 publications

Understanding the Evolution of Environment, Social and Governance Research: Novel Implications From Bibliometric and Network Analysis

Understanding the Evolution of Environment, Social and Governance Research: Novel Implications From Bibliometric and Network Analysis

Does ESG Impact a Firm’s Sustainability Performance? The Mediating Effect of Firm Innovation Performance

How uncertainty can determine corporate ESG performance?

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