2021
DOI: 10.3390/su13074020
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Environmental, Social and Governance Performance of Chinese Multinationals: A Comparison of State- and Non-State-Owned Enterprises

Abstract: The purpose of this research is to empirically investigate the effect of internationalization on the environmental, social, and governance (ESG) performance of Chinese state-owned enterprises (SOEs) and non-SOEs. The study employed an updated panel dataset (6238 firm-year observations) of Chinese multinationals from the period 2010–2019. The initial findings of the study reveal that Chinese multinationals perform better in terms of environmental and governance scores. It suggests that international market forc… Show more

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Cited by 37 publications
(23 citation statements)
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“…It is common to discuss the dual structure of state-owned enterprises and private enterprises in sustainable development research [52]. There are significant differences between the two in corporate governance policy, implementation of environmental protection strategies, and digital resource allocation efficiency.…”
Section: Heterogeneity Analysis Based On Property Rightsmentioning
confidence: 99%
“…It is common to discuss the dual structure of state-owned enterprises and private enterprises in sustainable development research [52]. There are significant differences between the two in corporate governance policy, implementation of environmental protection strategies, and digital resource allocation efficiency.…”
Section: Heterogeneity Analysis Based On Property Rightsmentioning
confidence: 99%
“…It is considered that state-owned enterprises play a vital role in economic development, such as boosting regional economic growth [ 92 ], accelerating industrial upgrading [ 93 ], and promoting environmental improvement [ 94 ]. The government is a key stakeholder in the operation and management of state-owned enterprises [ 93 ], which makes state-owned enterprises have a special governance structure.…”
Section: Theoretical Analysis and Research Assumptionsmentioning
confidence: 99%
“…Past research on the effect of EMNEs' state ownership on their internationalisation has emphasised upon the direct advantages of government ownership, such as easier access to funding and state support when investing in risky host environments (Cui & Jiang, 2012;Duanmu, 2014;Ramasamy et al, 2012;Yin & Zhang, 2012). There has also been an ongoing discussion in the literature about the value of CSR by SOEs in emerging economies (Khalid et al, 2021;Shahab et al, 2019;Wang et al, 2018;Zhu et al, 2016). Our finding implies that state ownership enables EMNEs to reduce their domestic CSR intensity insofar as the effect on internationalisation is concerned.…”
Section: Discussionmentioning
confidence: 66%
“…At the same time, ONGC, through its CSR, also contributes to other 'national issues' in India, such as rural development, women's empowerment and sponsoring higher education for poor students (Banerjee, 2020). SOEs' social and environmental actions are thus better aligned with national policies, which leads them to be better embedded in the home country's institutional system (Khalid et al, 2021), although they also have to explicitly report their CSR due to pressure from the government (Li & Belal, 2018;Zhu et al, 2016). However, as Shahab et al (2019) find, CSR quality ratings have a lesser effect on SOEs' financial distress than that of their private counterparts.…”
Section: The Moderating Effect Of Government Ownershipmentioning
confidence: 99%