IDEAS home Printed from https://ideas.repec.org/a/spr/jmgtco/v36y2025i1d10.1007_s00187-025-00388-7.html
   My bibliography  Save this article

Performance shortfall condition and environmental, social, governance performance: Does economic policy uncertainty and national culture matter?

Author

Listed:
  • Ranjan DasGupta

    (Indian Institute of Management Raipur)

  • Arup Roy

    (XIM University)

Abstract

Economic policy uncertainty (EPU) plays a focal role in formulating a balanced firm strategy to ensure value creation. Performance shortfall conditions may be a further strategic challenge to firms in such uncertain times to ensure survival. Our primary objective in this study is to examine whether environmental, social, and governance (ESG) performance is a strategic option available to performance shortfall firms amidst EPU conditions so they can remain afloat. As a secondary objective, we also investigate the moderating role of different national culture dimensions in strengthening performance shortfall firms’ inclination to explore ESG performance in such turbulent times. Results show the positive impact of EPU on a firm’s performance shortfall condition and confer that exploring more ESG performance would not be the probable solution for performance shortfall firms in an EPU environment to turn around operationally except in low power distance, high individualistic, masculine and high uncertainty avoidance culture.

Suggested Citation

  • Ranjan DasGupta & Arup Roy, 2025. "Performance shortfall condition and environmental, social, governance performance: Does economic policy uncertainty and national culture matter?," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 36(1), pages 81-132, March.
    • Handle: RePEc:spr:jmgtco:v:36:y:2025:i:1:d:10.1007_s00187-025-00388-7
    DOI: 10.1007/s00187-025-00388-7
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s00187-025-00388-7
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s00187-025-00388-7?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jmgtco:v:36:y:2025:i:1:d:10.1007_s00187-025-00388-7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.