National institutions, stakeholder engagement, and firms' environmental, social, and governance performance

Ortas, E. (Universidad de Zaragoza) ; Gallego-Álvarez, I. ; Álvarez, I.

Resumen: This paper studies the influence of different national institutions on corporate environmental, social, and governance (ESG) performance through the varieties of institutional systems approach. This research complements previous research that used traditional approaches such as the national business systems and the varieties of capitalism, because it considers companies in understudied economies in Asia, Africa, Eastern Europe, the Middle East, and Latin America. To that aim, a dataset of 4, 751 firms within 52 countries is examined through a multilevel model, which allows establishing three levels of analysis: (a) yearly observations of a firm ESG performance, (b) the companies, and (c) the countries. This technique is useful to address the nested nature of firms' ESG performance within higher level institutional contexts. The results identify which specific national institutions enhance/restrict companies' ESG performance. This provides interesting implications because firms' ESG represent most of the companies' contributions to environmental preservation, social well-being, and community development.

Idioma: Inglés

DOI: 10.1002/csr.1706

Año: 2018

Publicado en: Corporate Social Responsibility and Environmental Management 26, 3 (2018), 598 - 611
ISSN: 1535-3958

Factor impacto JCR: 5.513 (2018)

Categ. JCR: BUSINESS rank: 18 / 147 = 0.122 (2018) - Q1 - T1
Categ. JCR: MANAGEMENT rank: 20 / 217 = 0.092 (2018) - Q1 - T1
Categ. JCR: ENVIRONMENTAL STUDIES rank: 12 / 116 = 0.103 (2018) - Q1 - T1

Factor impacto SCIMAGO: 1.67 - Development (Q1) - Strategy and Management (Q1) - Management, Monitoring, Policy and Law (Q1)

Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2016-74920-C2-1-R
Financiación: info:eu-repo/grantAgreement/ES/UZ-IBERCAJA/268-239

Tipo y forma: Article (PostPrint)

Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)