如何真正解释ESG绩效?解开三重底线的不对称驱动因素

IF 4.2 4区管理学 Q1 ENVIRONMENTAL STUDIES

Organization & Environment Pub Date : 2022-03-19 DOI:10.1177/10860266221079408

Logan Crace, Joel Gehman

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引用次数: 10

摘要

为什么企业之间在环境、社会和治理(ESG)绩效方面存在如此巨大的异质性?从绩效文献的轨迹中获得灵感，我们使用方差划分方法来分析CEO、公司、行业、年份和州的影响在多大程度上解释了近几十年来ESG绩效的变化。我们的研究结果表明，内部效应(即CEO和公司)是最强的决定因素。然而，对多维ESG结构的分解显著地改变了这些因素的显著性，揭示了外部环境(即行业和年份)在解释ESG关注点方面的重要性。我们的研究将绩效文献的轨迹扩展到我们对三重底线的理解，并有助于通过一系列积极和消极的ESG指标来理解公司层面ESG绩效的复杂决定因素。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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What Really Explains ESG Performance? Disentangling the Asymmetrical Drivers of the Triple Bottom Line

Why is there such great heterogeneity in environmental, social, and governance (ESG) performance between firms? Drawing inspiration from the locus of performance literature, we use variance partitioning methods to analyze the extent to which CEO, firm, industry, year, and state effects explain variation in ESG performance over recent decades. Our findings show that internal effects (i.e., CEO and firm) are the strongest determinants. Yet, disaggregation of the multidimensional ESG construct shifts the salience of the factors significantly, revealing the importance of the external environment (i.e., industry and year) in explaining ESG concerns. Our research extends the locus of performance literature to our understanding of the triple bottom line and contributes to understanding the complex determinants of firm-level ESG performance across an array of positive and negative ESG indicators.

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来源期刊

Organization & Environment Multiple-

CiteScore

11.20

自引率

5.70%

发文量

期刊介绍： Organization & Environment encourages informed discussion about the social roots and consequences of environmental problems and stimulates deeper reflection on the meaning and significance of the natural world. By critically examining the impact of human production and consumption systems on the natural environment, Organization & Environment develops new perspectives on organizations that encourage environmentally sensitive reflection, inquiry, and practice.