Does ESG always improve corporate performance? Evidence from firm life cycle perspective

Does ESG always improve corporate performance? Evidence from firm life cycle perspective

In this study, drawing on firm life cycle theory, we focus on the corporate performance of Environmental, Social, and Governance (ESG) engagement via financial stress and consider the moderate effect of transparency, financial slack, and environmental uncertainty. The industry-year fixed effects pan...

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Bibliographic Details
Main Authors: Shang Gao, Fanchen Meng, Wenshuai Wang, Wenxin Chen
Format: Article
Language:English
Published: Frontiers Media S.A. 2023-01-01
Series:Frontiers in Environmental Science
Subjects:
ESG
CSR
firm life cycle
financial risk
corporate performance
Online Access:https://www.frontiersin.org/articles/10.3389/fenvs.2023.1105077/full

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