Nonlinear effects of ESG on energy-adjusted firm efficiency: Evidence from the stakeholder engagement of apple incorporated
This study examines how the (i) overall environmental, social, and governance (OESG) performance; (ii) three individual E, S, and G (IESG) performance; and (iii) subcomponents of the three individual E, S, and G (SIESG) performance affect 29 Apple Incorporation partners' energy-adjusted firm ef...
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| Format: | Article |
| Language: | English English |
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John Wiley and Sons Ltd
2022
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| Online Access: | http://umpir.ump.edu.my/id/eprint/38030/1/Nonlinear%20effects%20of%20ESG%20on%20energy-adjusted%20firm%20efficiency.pdf http://umpir.ump.edu.my/id/eprint/38030/2/Nonlinear%20effects%20of%20ESG%20on%20energy-adjusted%20firm%20efficiency_FULL.pdf |
| _version_ | 1825815039814139904 |
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| author | Ren, Chunya Ting, Irene Wei Kiong Lu, Wen-Min Kweh, Qian Long |
| author_facet | Ren, Chunya Ting, Irene Wei Kiong Lu, Wen-Min Kweh, Qian Long |
| author_sort | Ren, Chunya |
| collection | UMP |
| description | This study examines how the (i) overall environmental, social, and governance (OESG) performance; (ii) three individual E, S, and G (IESG) performance; and (iii) subcomponents of the three individual E, S, and G (SIESG) performance affect 29 Apple Incorporation partners' energy-adjusted firm efficiency from a nonlinear perspective. Our truncated regression findings from 145 firm-year observations for the period of 2016–2020 indicate that the association between OESG performance and energy-adjusted firm efficiency is U-shaped. However, this nonlinear U-shape exists in the individual S and G but not E of the IESG performance. Moreover, only certain subcomponents of the SIESG performance are nonlinearly related to energy-adjusted firm efficiency. Overall, we highlight both the costs and benefits of the ESG performance for maintaining sustainable development and stakeholder engagement. The energy-adjusted firm efficiency estimated through the multidimensional data envelopment analysis approach is also noteworthy for policy and decision-making purposes. |
| first_indexed | 2024-03-06T13:07:31Z |
| format | Article |
| id | UMPir38030 |
| institution | Universiti Malaysia Pahang |
| language | English English |
| last_indexed | 2024-03-06T13:07:31Z |
| publishDate | 2022 |
| publisher | John Wiley and Sons Ltd |
| record_format | dspace |
| spelling | UMPir380302023-07-17T02:59:28Z http://umpir.ump.edu.my/id/eprint/38030/ Nonlinear effects of ESG on energy-adjusted firm efficiency: Evidence from the stakeholder engagement of apple incorporated Ren, Chunya Ting, Irene Wei Kiong Lu, Wen-Min Kweh, Qian Long HD Industries. Land use. Labor HF Commerce This study examines how the (i) overall environmental, social, and governance (OESG) performance; (ii) three individual E, S, and G (IESG) performance; and (iii) subcomponents of the three individual E, S, and G (SIESG) performance affect 29 Apple Incorporation partners' energy-adjusted firm efficiency from a nonlinear perspective. Our truncated regression findings from 145 firm-year observations for the period of 2016–2020 indicate that the association between OESG performance and energy-adjusted firm efficiency is U-shaped. However, this nonlinear U-shape exists in the individual S and G but not E of the IESG performance. Moreover, only certain subcomponents of the SIESG performance are nonlinearly related to energy-adjusted firm efficiency. Overall, we highlight both the costs and benefits of the ESG performance for maintaining sustainable development and stakeholder engagement. The energy-adjusted firm efficiency estimated through the multidimensional data envelopment analysis approach is also noteworthy for policy and decision-making purposes. John Wiley and Sons Ltd 2022-09 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/38030/1/Nonlinear%20effects%20of%20ESG%20on%20energy-adjusted%20firm%20efficiency.pdf pdf en http://umpir.ump.edu.my/id/eprint/38030/2/Nonlinear%20effects%20of%20ESG%20on%20energy-adjusted%20firm%20efficiency_FULL.pdf Ren, Chunya and Ting, Irene Wei Kiong and Lu, Wen-Min and Kweh, Qian Long (2022) Nonlinear effects of ESG on energy-adjusted firm efficiency: Evidence from the stakeholder engagement of apple incorporated. Corporate Social Responsibility and Environmental Management, 29 (5). 1231 -1246. ISSN 1535-3958. (Published) https://doi.org/10.1002/csr.2266 https://doi.org/10.1002/csr.2266 |
| spellingShingle | HD Industries. Land use. Labor HF Commerce Ren, Chunya Ting, Irene Wei Kiong Lu, Wen-Min Kweh, Qian Long Nonlinear effects of ESG on energy-adjusted firm efficiency: Evidence from the stakeholder engagement of apple incorporated |
| title | Nonlinear effects of ESG on energy-adjusted firm efficiency: Evidence from the stakeholder engagement of apple incorporated |
| title_full | Nonlinear effects of ESG on energy-adjusted firm efficiency: Evidence from the stakeholder engagement of apple incorporated |
| title_fullStr | Nonlinear effects of ESG on energy-adjusted firm efficiency: Evidence from the stakeholder engagement of apple incorporated |
| title_full_unstemmed | Nonlinear effects of ESG on energy-adjusted firm efficiency: Evidence from the stakeholder engagement of apple incorporated |
| title_short | Nonlinear effects of ESG on energy-adjusted firm efficiency: Evidence from the stakeholder engagement of apple incorporated |
| title_sort | nonlinear effects of esg on energy adjusted firm efficiency evidence from the stakeholder engagement of apple incorporated |
| topic | HD Industries. Land use. Labor HF Commerce |
| url | http://umpir.ump.edu.my/id/eprint/38030/1/Nonlinear%20effects%20of%20ESG%20on%20energy-adjusted%20firm%20efficiency.pdf http://umpir.ump.edu.my/id/eprint/38030/2/Nonlinear%20effects%20of%20ESG%20on%20energy-adjusted%20firm%20efficiency_FULL.pdf |
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