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Environmental, Social, Governance Performance and Negative Performance Feedback: Firm Moderators in a Cross-country Context

Author

Listed:
  • DasGupta, Ranjan

    (Indian Institute of Management Raipur, India)

  • Roy, Arup

    (School of Sustainability, XIM University, India)

Abstract

In this study, we have examined two specific research questions. First, whether firms around the world with negative performance feedback would resort to more environmental, social, governance [ESG] performance or otherwise. Second, we examine whether firms’ ESG controversies and stakeholder orientation in a cross-country context, with distinctive legal system and ethical behaviour, would motivate them to undertake more ESG performance in such negative performance feedback conditions. Our primary findings show that negative performance feedback of a firm impacts its ESG performance in a strongly negative manner. Furthermore, we prove that both high stakeholder orientation and high ESG controversies significant negatively moderate firms’ ESG inclinations. This holds true irrespective of country-specific legal system and ethical behaviour contexts.

Suggested Citation

  • DasGupta, Ranjan & Roy, Arup, 2023. "Environmental, Social, Governance Performance and Negative Performance Feedback: Firm Moderators in a Cross-country Context," American Business Review, Pompea College of Business, University of New Haven, vol. 26(2), pages 519-550, November.
    • Handle: RePEc:ris:ambsrv:0091
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    File URL: https://digitalcommons.newhaven.edu/americanbusinessreview/vol26/iss2/12/
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    More about this item

    Keywords

    Negative Performance Feedback; ESG Performance; Stakeholder Orientation; ESG Controversies; Legal System; Ethical Behaviour;
    All these keywords.

    JEL classification:

    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • P17 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Performance and Prospects

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