Corporate Social Responsibility and Environmental Management最新文献

The antecedents of environmental, social, and governance (ESG) performance have been extensively studied, yet the impact of supplier behavior has been overlooked. By analyzing data from China's manufacturing industry (2013–2020), we find that suppliers' financial violations enhance the overall ESG performance of client firms, with state ownership further reinforcing this relationship. By further examining the ESG dimensions, our study reveals an asynchronous pattern in firms' performance enhancements. Specifically, supplier financial violations significantly boost client firms' social and governance performance, while state ownership attenuates the positive relationship between supplier financial violations and governance performance. Ultimately, our study establishes a crucial link between the conduct of stakeholders within the supply chain and the firm ESG performance. Our findings also facilitate a more comprehensive assessment of the risks associated with supplier financial violations, aiding decision-makers in shaping and implementing ESG-related strategies for firms.

This study clarifies the pathway to sustainable local food consumption highlighting ethical branding. Literature suggests that ethical brands promote continuous local food consumption, however, the structure of purchasing factors and impact has not been fully elucidated. A model is constructed in which empathy-based social responsibility and self-identity drive the purchase of local food, and ethical brand purchasing influences consumers’ perception of retailers’ ethics. The model is tested using a questionnaire survey and three years of actual purchase data on consumer purchases of ethically branded local foods. Results show that purchasing local food products, especially ethically branded ones, is mediated by consumers’ self-identity toward social responsibility based on empathy, and self-oriented purchasing enhances consumers’ perception of retailers’ ethics. Theoretical implications of the validated model for the studies on local food and ethical consumption, and the practical implications of ethical branding for organizations striving for sustainable development, are discussed.

Although the rapid development of the Internet has infinitely shortened the distance between economic agents, geographic distance is still an important factor affecting information acquisition and interpersonal interactions between them. Using data on Chinese A-share listed companies from 2009 to 2020, we explore the relationship between geographic concentration of institutional investors and environmental, social, and governance (ESG) performance. Our findings indicate that investors' geographic concentration has an inverted U-shaped influence on ESG performance, and high-speed railway and institutional environment weaken the negative influence of geographic concentration of institutional shareholders, leading to a flatter inverted U-shaped relationship. As high-speed railway and institutional environment further flatten the curve, the inverted U-shaped relationship will eventually become U-shaped, and a “shape-flip” occurs. Our research offers a new perspective on the factors impacting corporate ESG performance, enriching institutional investor characteristics, and having practical significance for improving ESG performance.

The impact of climate change on foreign direct investment (FDI) at the corporate level is insufficiently explored, despite extensive discussions on environmental protection. This research utilizes novel panel data (2009–2022) on Chinese A-share listed firms, using a two-way fixed-effect estimator to probe whether and how a firm's exposure to climate change influences the inflow of FDI, while considering the moderating role of environmental, social, and governance (ESG). The results show: (i) firm-level exposure to climate change harms inward FDI inflow; (ii) host country firms can mitigate the negative effect of exposure to climate change on inward FDI inflow by strengthening their ESG performance; (iii) exposure to climate change primarily impacts FDI inflow through environmental taxes and green investments; (iv) the detrimental effect of climate change risk on incoming FDI is more pronounced in the central and eastern region of China, and among non-state-owned firms. These findings provide insightful theoretical and practical implications for addressing SDG 13 (Climate Action) challenges and for attracting multinational investments in developing countries like China.

The study aims to assess the adequacy to which main companies in Romania communicate the outcome of their corporate social responsibility (CSR) campaigns to the public, by comparing the public's perception of social responsibility as demonstrated by companies with reported non-financial results. The study focuses on identifying public perception on the type of activity associated with social responsibility; how adequately the respondents ranked the main types of non-financial results; how socially responsible the companies are perceived by the public; and how well-known the main CSR campaigns and the companies initiating them were. Although there are online reports containing the non-financial results of companies, either the public has not been interested or the communication of such results is inefficient. Instead, people's perception on the type of activities run by companies is formed mainly from the media and by reading materials made available on the companies' web pages.

This study offers a systematic review of the evolution and characteristics of research on corporate Environmental, Social, and Governance (ESG) performance, with a particular focus on changes influenced by the COVID-19 pandemic. Using bibliometric analysis, this research examines 340 scholarly articles on ESG performance published between 2006 and January 2023, documenting the expansion of ESG research in the post-COVID-19 era. Our findings identify key ESG themes, including social responsibility, sustainability reporting, corporate strategy, financial performance, and environmental performance. The study introduces a theoretical framework rooted in the resource-based view, legitimacy, institutional, and stakeholder theories to explore the financial impacts of ESG implementations during and after the COVID-19 pandemic. It highlights the essential roles played by influential journals, authors, and countries such as China, the USA, and Italy, demonstrating the interdisciplinary growth of ESG studies. Additionally, the research underscores the pandemic's impact on ESG practices, stressing the necessity for standardized ESG metrics and the crucial role of regulatory frameworks. The study recommends adapting ESG frameworks to align with post-pandemic realities and calls for the inclusion of both qualitative research and a global perspective in future ESG research.

Corporate greenwashing and pro-environmental behavior of employees have attracted a significant amount of research attention in journals related to corporate governance, green and sustainable development. However, limited research has currently investigated the relationship between the two, especially in today's globalized business environment. To fill this research gap, this study conducts a cross-cultural validation of connection between the two, covering four countries: China, United Kingdom, Republic of Korea, and Japan. The study uses structural equation model and fsQCA methods for empirical analysis. The empirical results reveal that in China, United Kingdom, Republic of Korea, and Japan: (1) corporate greenwashing suppresses employees' pro-environmental behavior; (2) corporate greenwashing leads to employees developing perceptions of corporate hypocrisy, negative pro-environmental attitudes, and organizational cynicism; (3) corporate hypocrisy perception, negative pro-environmental attitude, and organizational cynicism lead to employees displaying negative pro-environmental behaviors; (4) corporate hypocrisy perception, negative pro-environmental attitude, and organizational cynicism significantly mediate the influence of corporate greenwashing on employees' pro-environmental behavior; (5) the mediating effects of these three variables do not significantly differ across the four countries; (6) the analysis results from the fsQCA method show that in China, there are 6 configurations leading to employees displaying significant (strong) negative pro-environmental behaviors, while in the United Kingdom there are 5, and in the Republic of Korea and Japan there are 3 and 5, respectively. This cross-cultural study offers insights for corporate management, aiding in understanding and mitigating the effects of greenwashing on employee pro-environmental behavior. It also bolsters the creation of efficacious corporate environmental practices policies and serves as a resource for future cross-cultural environmental preservation and corporate governance research.

Most research in socially responsible investing is about how it influences financial performance. Hardly any study investigates how it affects responsibility. We investigate how different motives of responsible investors affect portfolio design and financial and nonfinancial performance of investments. We study financial, deontological, consequentialist, and expressive motivated responsible investors. The first seek to achieve financial outperformance by relying on environmental, social, and governance (ESG) information. The second avoid investing in controversial issues. The third seek to influence the most sustainable firms. The fourth try to enhance their own social identity by investing responsibly. We find that the specific motivation for socially responsible investing does not significantly affect financial performance. However, the motivation does have a substantial influence on the responsibility score of the portfolio. In particular, deontological portfolios underperform the universe regarding responsibility performance. This might reflect the origin of responsibility scoring where controversial firms usually invest more in responsibility than less controversial ones. The other portfolios all outperform the market. This has important lessons for responsible investment funds: they will need to find out about the motives of their investors to modify portfolio design when investing responsibly. “One size for all” is no option when targeting responsible investors.

This study investigates the impact of managerial practices on environmental performance using firm-level data from Eastern European and Central Asian regions collected during the 2019–2020 period through the World Bank Enterprise Surveys. Utilizing principal component analysis, we evaluate managerial practices across four key dimensions: targets, monitoring, incentives, and operations. Concurrently, we assess environmental performance through indicators encompassing energy efficiency, energy intensity, and disclosure practices. Our empirical findings highlight a strong correlation between higher scores in managerial practices and improved environmental performance within firms. These positive effects are transferred through environmental targets and adoptions, with moderation observed based on firm size. Robustness is evident in our results across various measures of environmental performance and managerial practices, as well as when accounting for potential endogeneity issues. This research offers valuable insights with implications for both policy development and managerial decision-making, fostering sustainability and responsible practices.

Comprehending the state of the art of certified B Corps and sustainable business ecosystems (SBE) is crucial to affirming the role of B Corps in SBE development. The aim of this paper is to systematise the scientific knowledge related to both concepts and explore the role and contributions of these enterprises in the SBE. To date, no study has jointly carried out a bibliometric analysis and discussed the state of the art of B Corps and SBEs in management literature. A sample of 696 research documents from 2006 to 2024, extracted from the Web of Science and Scopus databases, has been analysed. The results show a strong relationship with the stakeholder and circular economy theories and a weaker relationship with the institutional theory, among others. The SBE literature is closely connected to sustainable and innovation business models, social entrepreneurship, and it is especially associated with social and environmental impact.