{"title":"竞争市场中自愿和强制性ESG评估的战略见解。","authors":"Xiang Gao, Xiaolan Qiu, Beibei Shang","doi":"10.1177/0193841X251375503","DOIUrl":null,"url":null,"abstract":"<p><p>Environmental, social, and governance (ESG) considerations are garnering increasing interest from various stakeholders. Nevertheless, the impact of ESG evaluation policies-whether voluntary or mandatory-are complex, particularly in competitive markets. Consequently, this study develops a game-theoretic model to investigate the propensity of competing manufacturers to invest in ESG initiatives. This study demonstrates that ESG evaluations reduce information asymmetry regarding ESG levels in competitive dynamics. However, this phenomenon may lower manufacturers' incentives to invest in ESG. Interestingly, this study finds that although mandatory ESG evaluations boost the overall profitability of competing manufacturers, they do not invariably lead to enhanced ESG outcomes.</p>","PeriodicalId":47533,"journal":{"name":"Evaluation Review","volume":" ","pages":"193841X251375503"},"PeriodicalIF":3.7000,"publicationDate":"2025-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Strategic Insights From Voluntary and Mandatory ESG Evaluations in a Competitive Market.\",\"authors\":\"Xiang Gao, Xiaolan Qiu, Beibei Shang\",\"doi\":\"10.1177/0193841X251375503\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p><p>Environmental, social, and governance (ESG) considerations are garnering increasing interest from various stakeholders. Nevertheless, the impact of ESG evaluation policies-whether voluntary or mandatory-are complex, particularly in competitive markets. Consequently, this study develops a game-theoretic model to investigate the propensity of competing manufacturers to invest in ESG initiatives. This study demonstrates that ESG evaluations reduce information asymmetry regarding ESG levels in competitive dynamics. However, this phenomenon may lower manufacturers' incentives to invest in ESG. Interestingly, this study finds that although mandatory ESG evaluations boost the overall profitability of competing manufacturers, they do not invariably lead to enhanced ESG outcomes.</p>\",\"PeriodicalId\":47533,\"journal\":{\"name\":\"Evaluation Review\",\"volume\":\" \",\"pages\":\"193841X251375503\"},\"PeriodicalIF\":3.7000,\"publicationDate\":\"2025-09-03\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Evaluation Review\",\"FirstCategoryId\":\"90\",\"ListUrlMain\":\"https://doi.org/10.1177/0193841X251375503\",\"RegionNum\":4,\"RegionCategory\":\"社会学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"SOCIAL SCIENCES, INTERDISCIPLINARY\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Evaluation Review","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1177/0193841X251375503","RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"SOCIAL SCIENCES, INTERDISCIPLINARY","Score":null,"Total":0}
Strategic Insights From Voluntary and Mandatory ESG Evaluations in a Competitive Market.
Environmental, social, and governance (ESG) considerations are garnering increasing interest from various stakeholders. Nevertheless, the impact of ESG evaluation policies-whether voluntary or mandatory-are complex, particularly in competitive markets. Consequently, this study develops a game-theoretic model to investigate the propensity of competing manufacturers to invest in ESG initiatives. This study demonstrates that ESG evaluations reduce information asymmetry regarding ESG levels in competitive dynamics. However, this phenomenon may lower manufacturers' incentives to invest in ESG. Interestingly, this study finds that although mandatory ESG evaluations boost the overall profitability of competing manufacturers, they do not invariably lead to enhanced ESG outcomes.
期刊介绍：
Evaluation Review is the forum for researchers, planners, and policy makers engaged in the development, implementation, and utilization of studies aimed at the betterment of the human condition. The Editors invite submission of papers reporting the findings of evaluation studies in such fields as child development, health, education, income security, manpower, mental health, criminal justice, and the physical and social environments. In addition, Evaluation Review will contain articles on methodological developments, discussions of the state of the art, and commentaries on issues related to the application of research results. Special features will include periodic review essays, "research briefs", and "craft reports".
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