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Does environmental, social and governance (ESG) affect market performance? The moderating role of competitive advantage
16 references·6 citing·45 second hop
Does environmental, social and governance (ESG) affect market performance? The moderating role of competitive advantage (2023)Does environmental, social and governance…Impact of ESG performance on firm value and profitability (2022)Impact of ESG performance on …Stakeholder Theory and the Resource-Based View of the Firm (2021)Stakeholder Theory and the Re…ESG impact on performance of US S&P 500-listed firms (2020)ESG impact on performance of …Four Things No One Will Tell You About ESG Data (2019)Four Things No One Will Tell …Environmental, Social and Governance (ESG) Scores and Financial Performance of Multilatinas: Moderating Effects of Geographic International Diversification and Financial Slack (2019)Environmental, Social and Gov…Corporate governance and board of directors: The effect of a board composition on firm sustainability performance (2019)Corporate governance and boar…Is sustainability reporting (ESG) associated with performance? Evidence from the European banking sector (2018)Is sustainability reporting (…ESG performance and firm value: The moderating role of disclosure (2017)ESG performance and firm valu…Does ESG performance have an impact on financial performance? Evidence from Germany (2017)Does ESG performance have an …Role of Country- and Firm-Level Determinants in Environmental, Social, and Governance Disclosure (2016)Role of Country- and Firm-Lev…Integrating Environmental, Social and Governance (ESG) Disclosure for a Sustainable Development: An Australian Study (2016)Integrating Environmental, So…Initial conditions and moment restrictions in dynamic panel data models (1998)Initial conditions and moment…Toward a New Conception of the Environment-Competitiveness Relationship (1995)Toward a New Conception of th…Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Some Tests of Specification f…Industry Structure and Competitive Strategy: Keys to Profitability (1980)Industry Structure and Compet…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…How Green Credit Policies and Climate Change Practices Drive Banking Financial Performance (2025)How Green Credit Policies and…Harnessing digital transformation and ESG performance for innovation, competitiveness and financial success: insights from European multinationals (2025)Harnessing digital transforma…Nonlinear impact of economic policy uncertainty on corporate ESG performance: Regional, industrial and managerial perspectives (2024)Nonlinear impact of economic …Impact of environmental, social, and governance performance on cash holdings in BRICS : Mediating role of cost of capital (2024)Impact of environmental, soci…Environmental, social, and governance (ESG) disclosure and firm value: the role of competitive advantage as a mediator (2024)Environmental, social, and go…The Moderating Role of Technological Innovation on Environment, Social, and Governance (ESG) Performance and Firm Value: Evidence from Developing and Least-Developed Countries (2023)The Moderating Role of Techno…Specification Tests in Econometrics (1978)Competitive Advantage: Creating and Sustaining Superior Performance (1985)The Competitive Advantage of Nations (1991)Redefining innovation — eco-innovation research and the contribution from ecological economics (2000)Green supply‐chain management: A state‐of‐the‐art literature review (2007)The roads ahead: Narratives for shared socioeconomic pathways describing world futures in the 21st century (2015)Institutionalized Organizations: Formal Structure as Myth and Ceremony (1977)The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields (1983)The iron cage revisited institutional isomorphism and collective rationality in organizational fields (2004)Extending the benefits of ESG disclosure: The effect on the cost of debt financing (2021)ESG disclosure and Firm performance: A bibliometric and meta analysis (2022)Stakeholder legitimacy in firm greening and financial performance: What about greenwashing temptations?☆ (2022)Knowledge of the Firm, Combinative Capabilities, and the Replication of Technology (1992)Strategic management a stakeholder approach (2010)Sustainable development, ESG performance and company market value: Mediating effect of financial performance (2022)Environmental, social, and governance (ESG) performance and financial outcomes: Analyzing the impact of ESG on financial performance (2023)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Econometric Analysis of Cross Section and Panel Data (2001)Do environmental, social, and governance activities improve corporate financial performance? (2018)The Influence of Firm Size on the ESG Score: Corporate Sustainability Ratings Under Review (2019)ESG disclosure and financial performance: Moderating role of ESG investors (2022)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)Corporate financing and investment decisions when firms have information that investors do not have (1984)Law and Finance (1998)Corporate Governance and Equity Prices (2003)Corporate Social Responsibility Theories: Mapping the Territory (2004)The Social Responsibility of Business Is to Increase Its Profits (2007)ESG activities and banking performance: International evidence from emerging economies (2020)THE CORPORATE SOCIAL PERFORMANCE-FINANCIAL PERFORMANCE LINK (1997)Corporate Social and Financial Performance: A Meta-Analysis (2003)Econometric Analysis of Panel Data (2021)Environmental, social and governance performance and financial risk: Moderating role of ESG controversies and board gender diversity (2021)Biases in Dynamic Models with Fixed Effects (1981)Another look at the instrumental variable estimation of error-components models (1995)A finite sample correction for the variance of linear efficient two-step GMM estimators (2004)How to do Xtabond2: An Introduction to Difference and System GMM in Stata (2009)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Stakeholder influence capacity and the variability of financial returns to corporate social responsibility (2007)ESG and financial performance: aggregated evidence from more than 2000 empirical studies (2015)Greenwashing behavior and firm value – From the perspective of board characteristics (2023)The impact of environmental tax laws on heavy-polluting enterprise ESG performance: A stakeholder behavior perspective (2023)ESG resilience: Exploring the non-linear effects of ESG performance on firms sustainable growth (2024)
this work references cited by second hop

References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations33,089 cited
  • 1998Initial conditions and moment restrictions in dynamic panel data models22,547 cited
  • 1995Toward a New Conception of the Environment-Competitiveness Relationship13,329 cited
  • 2017ESG performance and firm value: The moderating role of disclosure1,606 cited
  • 2019Environmental, Social and Governance (ESG) Scores and Financial Performance of Multilatinas: Moderating Effects of Geographic International Diversification and Financial Slack1,104 cited
  • 2017Does ESG performance have an impact on financial performance? Evidence from Germany979 cited
  • 2018Is sustainability reporting (ESG) associated with performance? Evidence from the European banking sector939 cited
  • 2022Impact of ESG performance on firm value and profitability838 cited
  • 2016Role of Country- and Firm-Level Determinants in Environmental, Social, and Governance Disclosure814 cited
  • 1980Industry Structure and Competitive Strategy: Keys to Profitability755 cited
  • 2021Stakeholder Theory and the Resource-Based View of the Firm754 cited
  • 2019Corporate governance and board of directors: The effect of a board composition on firm sustainability performance747 cited

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2020
ESG impact on performance of US S&P 500-listed firms
650 cited
  • 2019Four Things No One Will Tell You About ESG Data645 cited
  • 2016Integrating Environmental, Social and Governance (ESG) Disclosure for a Sustainable Development: An Australian Study643 cited
  • Cited by

    • 2023The Moderating Role of Technological Innovation on Environment, Social, and Governance (ESG) Performance and Firm Value: Evidence from Developing and Least-Developed Countries63 cited
    • 2024Environmental, social, and governance (ESG) disclosure and firm value: the role of competitive advantage as a mediator58 cited
    • 2024Nonlinear impact of economic policy uncertainty on corporate ESG performance: Regional, industrial and managerial perspectives31 cited
    • 2025How Green Credit Policies and Climate Change Practices Drive Banking Financial Performance24 cited
    • 2024Impact of environmental, social, and governance performance on cash holdings in BRICS : Mediating role of cost of capital18 cited
    • 2025Harnessing digital transformation and ESG performance for innovation, competitiveness and financial success: insights from European multinationals14 cited