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http://bura.brunel.ac.uk/handle/2438/28371
Title: | ESG controversies and corporate performance: The moderating effect of governance mechanisms and ESG practices |
Authors: | Elamer, AA Boulhaga, M |
Keywords: | board independence;ESG controversies;ESG practices;firm performance;gender diversity;sustainable development |
Issue Date: | 20-Feb-2024 |
Publisher: | Wiley on behalf of ERP Environment |
Citation: | Elamer, A.A. and Boulhaga, M. (2024) 'ESG controversies and corporate performance: The moderating effect of governance mechanisms and ESG practices', Corporate Social Responsibility and Environmental Management, 31 (4), pp. 3312 - 3327. doi: 10.1002/csr.2749. |
Abstract: | This paper investigates the relationship between Environmental, Social, and Governance (ESG) controversies and firm performance, examining the moderating influences of corporate governance structures and ESG practices. Utilizing quantitative methods, we analyze data from 5360 firm-year observations. Our findings reveal a significant negative relation between ESG controversies and firm performance. However, well-defined corporate governance frameworks and internal ESG strategies mitigate these adverse impacts and can transform these controversies into growth opportunities and reputation enhancement. A comparative analysis involving the United Kingdom and other European Union nations highlights the influence of geographical and regulatory contexts in shaping this dynamic. These results offer valuable insights for policymakers, corporate strategists, and investors, emphasizing the role of governance in navigating ESG controversies and enhancing firm resilience and adaptability. The study contributes to the sustainability field by providing a nuanced understanding of the interaction between ESG controversies, corporate governance, and firm performance. |
URI: | https://bura.brunel.ac.uk/handle/2438/28371 |
DOI: | https://doi.org/10.1002/csr.2749 |
ISSN: | 1535-3958 |
Other Identifiers: | ORCiD: Ahmed A. Elamer https://orcid.org/0000-0002-9241-9081 ORCiD: Mounia Boulhaga https://orcid.org/0000-0003-0664-8986 |
Appears in Collections: | Brunel Business School Research Papers |
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FullText.pdf | Copyright © 2024 The Authors. Corporate Social Responsibility and Environmental Management published by ERP Environment and John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits use, distribution and reproduction in any medium, provided the original work is properly cited. | 1.45 MB | Adobe PDF | View/Open |
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