Influence of Proactive ESG Strategies, Slack Resources, and Collective Brain on ESG Disclosure and Firm Value in Japanese Companies

被引：0

作者：

Sekimoto, Takashi ^{[1
]}

Amran, Azlan ^{[1
,2
]}

机构：

[1] Univ Sains Malaysia, Grad Sch Business, Gelugor, Penang, Malaysia

[2] Univ Airlangga, Ctr Environm Social & Governance Studies, Surabaya, Indonesia

来源：

CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT | 2025年

关键词：

collective brain; ESG disclosure quality; firm value; proactive ESG strategies; slack resources; CORPORATE SOCIAL-RESPONSIBILITY; ENVIRONMENTAL PERFORMANCE; DYNAMIC CAPABILITIES; FINANCIAL PERFORMANCE; PERSPECTIVE; VIEW; INNOVATION; MANAGEMENT; DETERMINANTS; IMPACT;

D O I：

10.1002/csr.3182

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the influence of firms' proactive ESG strategies (PESGS) and slack resources on ESG disclosure quality and firm value in Japanese companies, using a cross-sectional sample of 107 firms. The findings reveal that PESGS and slack resources positively influence firm value, with ESG disclosure quality mediating the relationship between PESGS and firm value. The study introduces the concept of the collective brain, which moderates the effect of slack resources on firm value by fostering innovation through shared knowledge with cultural diversity. Employing a multi-theory approach-the resource-based view, dynamic capability theory, and voluntary disclosure theory-this study addresses gaps in ESG literature, offering insights into how ESG practices and disclosure create firm value. The study highlights the importance of strategic resources and capabilities and innovation in enhancing firm value through ESG, providing practical implications for managers, investors, and academics aiming to align sustainability with stakeholder expectations.

引用

页数：16