This study examines whether and how corporate environmental, social, and governance (ESG) performance is associated with firms’ investment efficiency while considering the role of firms’ marketing capability. Using a sample of U.S. firms...
This study investigates the effect of foreign ownership on ESG investment efficiency, examining whether foreign investors help mitigate over-investment and alleviate under-investment in ESG activities. Using 3410 firm-year observations from 2012 to 2...
In the context of increasingly severe global climate change, both companies and investors are placing greater emphasis on investment philosophies centered around environmental protection, social responsibility, and corporate governance (ESG). This pa...
This study examines the relationship between environmental, social, and governance (ESG) performance and investment efficiency and investigates whether board gender diversity moderates this relationship among Saudi listed firms. Using a sample of non...
This study examines the impact of female executive representation on ESG investment efficiency within South Korea’s male-dominant corporate culture. It reveals that firms with higher female executive presence demonstrate enhanced ESG efficiency...
This study conducts an empirical examination of the impact of ESG (Environmental, Social, and Corporate Governance) performance on corporate investment efficiency, utilizing fixed-effects and mediation-effects models with a sample of 125 listed agrib...
Business groups are industry exemplars whose investment decisions and social responsibility commitments are important for future sustainable development. We use data from China’s listed firms from 2012 to 2018 to investigate the effects of ESG-...
Recent theoretical and empirical studies highlight that information asymmetry and owner–manager conflict of interest can distort corporate investment decisions. Building on this premise, we hypothesize that superior environmental, social, and g...
Drawing on legitimacy and stakeholders’ perspectives, this research aims to investigate the association between investment efficiency, a value-added corporate activity important to firm viability and profitability, and the environmental, social...
Chinese multinational enterprises, as the most active emerging-market investors, face mounting challenges in sustaining outward foreign direct investment (OFDI) under increasingly volatile global environments, yet how ESG performance shapes firms&rsq...
This study investigates the interactive mechanism among diversified production strategy, ESG performance, and long-term competitiveness using a sample of Chinese listed manufacturing firms over the period 2018–2024. Based on the Long-Term Strat...
18 February 2023
In recent years, with the global recognition of the concept of sustainable development, the international market attaches great importance to the Environment, Society, and Governance (ESG) investment performance of enterprises. The “carbon peak...
As global discourse increasingly centers on environmental, social, and governance considerations, ESG investment has become a major trend in financial markets. Artificial intelligence (AI), through its rapid evolution, has exerted a transformative in...
The market imperfection hypothesis posits that market frictions undermine economic efficiency and amplify economic fluctuations. As an emerging corporate evaluation framework and behavioral norm, ESG (environmental, social, and governance) performanc...
This paper aims to examine the publication metrics of literature related to the influential aspects of ESG (environmental, social, and governance), SRI (socially responsible investing), ethical, and impact investing on the portfolio and financial per...
This study explores the effect of financial statement comparability on environmental, social, and governance (ESG) performance. Comparability is a qualitative characteristic that enhances the usefulness of accounting information, as emphasized in the...
Environmental, social and governance (ESG) ratings (scores) provide quantitative measures for socially responsible investment. We consider ESG scores to be a third independent variable—on par with financial risk and return—and incorporate such numeri...
ESG (Environmental, Social, and Governance) considerations are increasingly influencing REIT (real estate investment trust) investment decisions; however, empirical evidence on the ESG–financial performance nexus in infrastructure REITs remains...
The integration of Environmental, Social, and Governance (ESG) criteria in investment decision-making is increasingly critical for evaluating energy projects. This study develops a structured, quantifiable framework using the Fuzzy DEMATEL method to...
Efficient allocation of capital toward environmental, social, and governance (ESG) objectives has become a critical challenge for emerging economies pursuing sustainable development and financial resilience. While prior research has primarily focused...
Whether corporate digital spending can produce sustainability-related outcomes is still not well understood. Much of the existing discussion treats digital transformation as a broad strategic process, but firms make sustainability decisions through m...
There is a growing awareness of the need to integrate non-financial information arising from environmental, social, and governance (ESG) factors into corporate strategies, processes, and credit risk assessment to generate long-term value. Our paper a...
Smart beta strategy is an increasingly frequent approach to investment analysis for portfolio selection and optimization and it can be combined with environmental, social, and governance (ESG) considerations. In order to verify the impact of the inte...
As China transitions from high-speed to high-quality economic development, the concept of sustainable development, particularly environmental, social, and governance (ESG), has emerged as a crucial consideration in corporate decision-making. This stu...
In the current context, where sustainability has become a global imperative, emerging markets have increasingly incorporated green finance as a strategic pillar to foster long-term growth and stability. This study examines the evolution, trends, and...
The link between ESG and financial performance is still under debate. In this study, we explore which aspects of ESG specifically drive market valuations through both systematic and idiosyncratic risk channels. We analyze the impact of the three core...
This study examines the mutual relationships among ESG performance, total factor productivity (TFP), and energy efficiency (EE) in a sample of Chinese A-share listed firms from 2010 to 2022. This study shows that ESG has a significant promotional eff...
Sustainable development is a practical path to optimize industrial structures and enhance investment efficiency. Investigating risk contagion within ESG industries is a crucial step towards reducing systemic risks and fostering the green evolution of...
This study examines how sustainability accounting practices are integrated into a Romanian medium-sized enterprise in the context of the Corporate Sustainability Reporting Directive (CSRD), addressing the lack of applied evidence from Central and Eas...
Finding an optimal balance between risk and returns in investment portfolios is a central challenge in quantitative finance, often addressed through Markowitz portfolio theory (MPT). While traditional portfolio optimization is carried out in a contin...
This study examines whether and how ESG rating divergence affects corporate maturity mismatch between investment and financing, using panel data from China’s A-share listed firms over the period 2015–2023. We employ fixed-effects models a...
In the era of artificial intelligence (AI), economic efficiency has an obvious role to play, but “non-economic benefits” have gradually become the focus of corporate attention; thus, environmental, social, and governance (ESG) has become...
This study examines the impact of ESG ratings on corporate green innovation, selecting A-share listed companies in China from 2012 to 2022 as the research sample. Using a multiple-time-point difference-in-differences model, we analyze how ESG ratings...
Fulfilling corporate ESG responsibilities enhances a firm’s sustainable development capabilities but also comes at an economic cost. This study investigates whether firms should invest heavily in ESG or maintain moderate ESG practices to balanc...
This study investigates the financial and strategic implications of ESG implementation in the hotel sector, focusing on cost structures, stakeholder engagement, and risk-related outcomes. Empirical evidence remains limited in tourism-intensive econom...
Emerging markets offer some of the world’s most impactful investment possibilities for investors concerned with addressing global climate and socioeconomic issues. Sophisticated investors conjectured that socially responsible investment (SRI) o...
ESG performance is an important lever for promoting the sustainable development of enterprises. To examine the effect of fund holdings on corporate ESG performance, this study employs the dynamic panel GMM method to perform an empirical analysis usin...
Digital finance (DF), powered by technology and efficient information flow, breaks traditional temporal and geographical constraints, affecting the sustainable development of enterprises in both local and neighbouring regions. Environmental, social,...
This study examines the causal impact of environmental, social, and governance (ESG) ratings on corporate green technology innovation using a panel of Saudi listed firms over the period 2015–2024. Adopting a multi-period difference-in-differenc...
The modern development of the investment funds industry is underpinned by the understanding of the efficiency and quality of asset management regarding the use of various investment strategies. The purpose of the article is to examine investment stra...
Europe’s technological and sustainable transition will be possible, even and especially if the electronics industry adapts its production standards. This industry could become a testing ground because it raises serious environmental and social...
An environmental, social and governance (ESG) evaluation system can focus on the value of enterprises more comprehensively and better scrutinize the development premise of enterprise. As a novel investment concept, both domestic and foreign investors...
We propose a multi-objective approach for portfolio selection, which allows investors to consider not only return and downside risk criteria but also to include environmental, social and governance (ESG) scores in the investment decision-making proce...
This paper sets the stage for research on sustainable investment (SI) related to psychological well-being (PWB). It recognizes the threat of current global consumption levels to exceed the planetary boundaries and asks what roles financial markets ma...
This study examines whether China’s Intelligent Manufacturing Demonstration Projects (IMDPs, 2015–2018) can improve firms’ environmental, social, and governance (ESG) performance and thereby strengthen the quality of green transform...
The increasing importance of ESG (environmental, social, governance) scores in investment decisions has led to a growing interest in understanding their impact on corporate performance, particularly in the energy and utilities sector. This study&rsqu...
This paper provides a novel approach to airport sustainability with a comparative analysis of frameworks presented by Airports Council International (ACI) and the World Economic Forum (WEF), a case study on environmental social governance (ESG) repor...
Corporate social responsibility can assist in reducing the noise caused by pricing volatility and a lack of energy-efficient business solutions. The study’s objective is twofold: (i) to investigate the role of corporate social responsibility (C...
The objective of this study is to develop a methodological approach to the integral assessment of the investment attractiveness of metallurgical enterprises to improve the efficiency of investment activities and the implementation of projects and ens...
This study examines the impact of environmental, social, and governance (ESG) performance on corporate performance in China’s manufacturing sector, incorporating trade credit financing as a mediator and environmental information disclosure qual...
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