The DOI matches its Crossref record; 42 of the 42 references it cites were found in a registry or an index.
Financial performance shortfall, ESG controversies, and ESG performance: Evidence from firms around the world
Abstract
Abstract Firms search for new strategic actions when their financial performance falls below their aspired level. This study examines whether financial performance shortfalls motivate firms to undertake improved ESG practices, possibly to maintain future legitimacy. It also investigates whether ESG controversies mediate firms’ ESG decisions in such situations. It finds a strong positive influence of financial performance shortfall on firm's ESG performance. However, when such firms are constrained by high levels of ESG controversies, they are less likely to engage in higher ESG practices, although such controversies have positive mediating impact on the relationship between financial performance shortfalls and ESG performance.
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Cites
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Cited by
Sklavos, G., Theodossiou, G., Papanikolaou, Z., Karelakis, C., & Ragazou, K. (2024) · Sustainability · doi:10.3390/su16167154 · Cited by 66
Park, J., Na, H. J., & Kim, H. (2024) · IEEE Access · doi:10.1109/access.2024.3519219 · Cited by 10
Abdelfattah, E., Malik, M., & Muhammad Ishraque Osman, S. (2025) · IEEE Access · doi:10.1109/access.2025.3579712 · Cited by 8
A New Direction in Human Resources Management and ESG: Transforming Business Models
Sklavos, G., Theodossiou, G., Papanikolaou, Z., Karelakis, C., & Lazarides, T. (2024) · Advances in Human Resources Management and Organizational Development · doi:10.4018/979-8-3693-5981-5.ch014 · Cited by 5
Metadata
- Authors
- DasGupta, R.
- Venue
- Finance Research Letters
- Publisher
- Elsevier BV
- Published
- 2022-05
- Volume
- 46
- Pages
- 102487
- ISSN
- 1544-6123 (ISSN-L)
- OpenAlex
- W3203708791
- Cited by
- 404
- References
- 42
- FWCI
- 43.30
- Type
- journal article
- Language
- en
- Open access
- closed
- Licence
- www.elsevier.com/tdm/userlicense/1.0/ (tdm)
- www.elsevier.com/legal/tdmrep-license (tdm)
- doi.org/10.15223/policy-017 (stm-asf)
- doi.org/10.15223/policy-037 (stm-asf)
- doi.org/10.15223/policy-012 (stm-asf)
- doi.org/10.15223/policy-029 (stm-asf)
- doi.org/10.15223/policy-004 (stm-asf)
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- DasGupta, R. (2022). Financial performance shortfall, ESG controversies, and ESG performance: Evidence from firms around the world. Finance Research Letters. https://doi.org/10.1016/j.frl.2021.102487
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
