The DOI matches its Crossref record; 99 of the 99 references it cites were found in a registry or an index.
Environmental, social and governance (ESG) activity and firm performance: a review and consolidation
Abstract
Interest in why firms conduct environmental, social and governance (ESG) activity is longstanding and increasing. Our understanding, however, remains fragmented with alternative accounts that seek to explain the relationship between ESG performance (ESGP) and corporate financial performance (CFP). This paper reviews alternative accounts for the relationship and finds that the weight of empirical evidence shows a positive, statistically significant but economically modest ESGP–CFP link, consistent with theoretical expectations. This economically modest relationship suggests ESG activity is unlikely to be primarily motivated by narrow measures of CFP. Further scholarship viewing ESG as part of overall firm activity would be constructive.
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Cited by
Bătae, O. M., Dragomir, V. D., & Feleagă, L. (2021) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2021.125791 · Cited by 432
DasGupta, R. (2022) · Finance Research Letters · doi:10.1016/j.frl.2021.102487 · Cited by 404
Sustainable Supplier Evaluation: From Current Criteria to Reconstruction Based on ESG Requirements
Lou, S., You, X., & Xu, T. (2024) · Sustainability · doi:10.3390/su16020757 · Cited by 26
Atz, U., Van Holt, T., Liu, Z. Z., & Bruno, C. (2021) · doi:10.2139/ssrn.3919652 · Cited by 13
Abdelfattah, E., Malik, M., & Muhammad Ishraque Osman, S. (2025) · IEEE Access · doi:10.1109/access.2025.3579712 · Cited by 8
Metadata
- Authors
- Huang, D. Z. X.
- Venue
- Accounting & Finance
- Publisher
- Wiley
- Published
- 2019-11-12
- Volume
- 61
- Issue
- 1
- Pages
- 335-360
- ISSN
- 0810-5391 (ISSN-L)
- 1467-629X
- OpenAlex
- W2985993740
- Cited by
- 586
- References
- 99
- FWCI
- 28.20
- Type
- journal article
- Language
- en
- Open access
- closed
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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.
