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Guest editorial: Special issue on “corporate governance and sustainability”

Author

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  • Turki, Aymen
  • Rannou, Yves
  • Gajewski, Jean-François
  • Mard, Yves

Abstract

As environmental, social, and governance (ESG) issues become more prominent in corporate strategies across Asian emerging markets, it becomes critical to understand the corporate governance factors that shape ESG values, practices, and outcomes, particularly within the unique economic context of China. This editorial draws on seven recent empirical studies exploring the nuanced effects of formal institutions (government subsidies, State participation, ratings), informal norms (Confucian culture, social trust), and micro-level features of CEOs and board on ESG performance and ESG-/green-washing risk. From the lens of stakeholder theory, institutional theory, and resource-based view, these studies highlight that effective corporate sustainability is governed by a complex interplay of standard corporate governance mechanisms and distinctive institutional and cultural context. The editorial integrates these insights, emphasizing the need for integrative ESG policy framework that combine incentives, scrutiny, and cultural embeddedness to mitigate ESG-washing and enhance ESG values and corporate value creation within largest emerging markets.

Suggested Citation

  • Turki, Aymen & Rannou, Yves & Gajewski, Jean-François & Mard, Yves, 2026. "Guest editorial: Special issue on “corporate governance and sustainability”," Economic Analysis and Policy, Elsevier, vol. 91(C), pages 1788-1797.
  • Handle: RePEc:eee:ecanpo:v:91:y:2026:i:c:p:1788-1797
    DOI: 10.1016/j.eap.2025.12.024
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