Exploring the relationship of ESG score and firm value using fsQCA method: Cases of the Chinese manufacturing enterprises
The basic purpose of a business is to maximize value. With the increased expectations for companies’ social responsibility practices and sustainability, sustainability management has become a must for many companies to maximize value in the current competitive environment. Environmental, social and...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-10-01
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| Series: | Frontiers in Psychology |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.1019469/full |
| _version_ | 1797995683031023616 |
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| author | Shen Zhong Junzhu Hou Junwei Li Wei Gao |
| author_facet | Shen Zhong Junzhu Hou Junwei Li Wei Gao |
| author_sort | Shen Zhong |
| collection | DOAJ |
| description | The basic purpose of a business is to maximize value. With the increased expectations for companies’ social responsibility practices and sustainability, sustainability management has become a must for many companies to maximize value in the current competitive environment. Environmental, social and governance (ESG) are widely used indicators to evaluate corporate social responsibility performance. However, there is a lack of combined view on the three dimensions. This study aims to explore the sources of corporate value from the sustainability perspective. By using fsQCA (fuzzy-set qualitative comparative analysis), we proposes a configurational model consisting of environmental, social, governance, size and profitability to investigate the value-enhancing mechanisms of corporate social responsibility. The study shows that high enterprise value can be achieved through multiple paths, which can be categorized as resource-constrained type, slack resources type and good management type. |
| first_indexed | 2024-04-11T10:05:36Z |
| format | Article |
| id | doaj.art-d575ef3a158b4d43974e02e42cf617df |
| institution | Directory Open Access Journal |
| issn | 1664-1078 |
| language | English |
| last_indexed | 2024-04-11T10:05:36Z |
| publishDate | 2022-10-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Psychology |
| spelling | doaj.art-d575ef3a158b4d43974e02e42cf617df2022-12-22T04:30:16ZengFrontiers Media S.A.Frontiers in Psychology1664-10782022-10-011310.3389/fpsyg.2022.10194691019469Exploring the relationship of ESG score and firm value using fsQCA method: Cases of the Chinese manufacturing enterprisesShen ZhongJunzhu HouJunwei LiWei GaoThe basic purpose of a business is to maximize value. With the increased expectations for companies’ social responsibility practices and sustainability, sustainability management has become a must for many companies to maximize value in the current competitive environment. Environmental, social and governance (ESG) are widely used indicators to evaluate corporate social responsibility performance. However, there is a lack of combined view on the three dimensions. This study aims to explore the sources of corporate value from the sustainability perspective. By using fsQCA (fuzzy-set qualitative comparative analysis), we proposes a configurational model consisting of environmental, social, governance, size and profitability to investigate the value-enhancing mechanisms of corporate social responsibility. The study shows that high enterprise value can be achieved through multiple paths, which can be categorized as resource-constrained type, slack resources type and good management type.https://www.frontiersin.org/articles/10.3389/fpsyg.2022.1019469/fullESGfirm valuefsQCAmanufacturingChina |
| spellingShingle | Shen Zhong Junzhu Hou Junwei Li Wei Gao Exploring the relationship of ESG score and firm value using fsQCA method: Cases of the Chinese manufacturing enterprises Frontiers in Psychology ESG firm value fsQCA manufacturing China |
| title | Exploring the relationship of ESG score and firm value using fsQCA method: Cases of the Chinese manufacturing enterprises |
| title_full | Exploring the relationship of ESG score and firm value using fsQCA method: Cases of the Chinese manufacturing enterprises |
| title_fullStr | Exploring the relationship of ESG score and firm value using fsQCA method: Cases of the Chinese manufacturing enterprises |
| title_full_unstemmed | Exploring the relationship of ESG score and firm value using fsQCA method: Cases of the Chinese manufacturing enterprises |
| title_short | Exploring the relationship of ESG score and firm value using fsQCA method: Cases of the Chinese manufacturing enterprises |
| title_sort | exploring the relationship of esg score and firm value using fsqca method cases of the chinese manufacturing enterprises |
| topic | ESG firm value fsQCA manufacturing China |
| url | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.1019469/full |
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