Genetic Diversity and Corporate Environmental Performance

The impact of sustainable public procurement on corporate ESG performance—The Chinese evidence

“…From the coefficient of control variables, we can see that the asset-to-liability ratio, the ratio of cash to total assets, and the ratio of net profit to total assets have a significant positive impact on ESG performance. In addition, with the increase of the corporate age, the corporate ESG performs better for those with longer operation period, and these results are consistent with the findings from the US [ 23 ] and German [ 77 ]. These findings will provide further insights into the factors that facilitate or impede resource dependency and its impact on the implementation of sustainable supply chain management initiatives [ 34 , 78 – 79 ].…”

“…the US [23] and German [77]. These findings will provide further insights into the factors that facilitate or impede resource dependency and its impact on the implementation of sustainable supply chain management initiatives [34,[78][79].…”

“…Nie et al (2022) [ 56 ] found that the main factors that affect ESG scores include corporate age, debt-to-equity ratio, and equity concentration. In addition, corporates with good ESG performance disclose more information, and board diversity also promotes ESG disclosure [ 23 ]. Therefore, this paper uses Tobin’s Q (tobinq), corporate net profit to total assets (profit), corporate age (age), the gearing ratio (ass_lia), cash to total assets (cash_ratio) and top shareholder ownership ratio (big_ratio) to control for the effects of these influencing factors on corporate ESG performance respectively.…”

“…ESG is a relatively comprehensive concept that can be influenced by socio-political drivers [ 20 ], so it is important to link the concept of ESG to the macroeconomic context, such as the social context and institutional background [ 21 , 22 ]. Kizys et al (2021) [ 23 ] find that corporates with better ESG performance and more board diversity tended to disclose more information about their ESG performance. The disclosure of ESG information positively impacts corporate operational, financial and market performance significantly [ 24 ], reduces the risk of corporate financial irregularities and mitigates information asymmetry [ 25 ].…”

Green finance improves enterprises’ environmental, social and governance performance: A two-dimensional perspective based on external financing capability and internal technological innovation

“…Regarding the influencing factors of corporate social responsibility, Baldini find that the political values of institutional shareholders and diversity within the board of directors affect the ESG performance of firms in terms of corporate dimensions [ 29 ]. Kim and Kizys also point out that financial-resource conditions and institutional environments, such as political, labor, and cultural environments, also affect firms’ ESG performance [ 30 , 31 ].…”