Corporate integrity culture on environmental, social, and governance (ESG) performance

被引：33
作者：
Bao, Xin [1 ,2 ]
Sun, Baiqing [1 ]
Han, Meini [1 ,4 ]
Mai, Qiang [1 ]
Lin, Han [3 ,5 ]
机构：
[1] Harbin Inst Technol, Sch Management, Harbin, Peoples R China
[2] City Univ Hong Kong, Coll Business, Dept Informat Syst, Hong Kong, Peoples R China
[3] Nanjing Audit Univ, Sch Engn Audit, Jiangsu Key Lab Publ Project Audit, Nanjing, Peoples R China
[4] Harbin Inst Technol, Sch Management, 92 West Dazhi St, Harbin 150006, Heilongjiang, Peoples R China
[5] Nanjing Auditing Univ, Sch Engn Audit, Jiangsu Key Lab Publ Project Audit, Nanjing 211815, Peoples R China
来源：
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT | 2024年 / 31卷 / 02期
基金：
中国国家自然科学基金; 中国博士后科学基金;
关键词：
corporate culture; ESG performance; integrity; stakeholder theory; FIRM PERFORMANCE; RESPONSIBILITY; REPUTATION; DIVERSITY; DIRECTORS; COSTS; TRUST; DEBT;
D O I：
10.1002/csr.2637
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Recent research has viewed desirable environmental performance as the proxy of corporate integrity culture. Based on the stakeholder theory, we extend this literature by examining whether the corporate integrity culture is associated with environmental, social, and governance (ESG) performance among China A-listed firms. We first build the integrity culture dictionary by the word embedding model. We also absorb the social influence into the integrity dictionary and identify corporate integrity culture through textual analysis. The results show that corporate integrity culture is positively associated with ESG performance. This research further discloses that this relationship is from both an indirect of integrity on green innovation and a direct effect of integrity in signaling internal stakeholders' behavioral integrity and verifying integrity culture to external stakeholders. Overall, the empirical evidence further enriches our understanding of the relationship between ESG performance and corporate integrity culture in China.
引用
收藏
页码：1399 / 1417
页数：19
相关论文
共 82 条
[51]  
Koch S., 2022, PREPRINT
[52]   Integrity as a business asset [J].
Koehn, D .
JOURNAL OF BUSINESS ETHICS, 2005, 58 (1-3) :125-136
[53]   East, West, Home's Best: Do Local CEOs Behave Less Myopically? [J].
Lai, Shufang ;
Li, Zengquan ;
Yang, Yong George .
ACCOUNTING REVIEW, 2020, 95 (02) :227-255
[54]   Measuring Corporate Culture Using Machine Learning [J].
Li, Kai ;
Mai, Feng ;
Shen, Rui ;
Yan, Xinyan .
REVIEW OF FINANCIAL STUDIES, 2021, 34 (07) :3265-3315
[55]   Distributed Cooperative Guidance for Multivehicle Simultaneous Arrival Without Numerical Singularities [J].
Li, Kang ;
Wang, Jianan ;
Lee, Chang-Hun ;
Zhou, Rui ;
Zhao, Shiyu .
JOURNAL OF GUIDANCE CONTROL AND DYNAMICS, 2020, 43 (07) :1365-1373
[56]   Too little or too much of good things? The horizontal S-curve hypothesis of green business strategy on firm performance [J].
Lin, Han ;
Chen, Lu ;
Yu, Mingchuan ;
Li, Chao ;
Lampel, Joseph ;
Jiang, Wan .
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2021, 172
[57]   Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis [J].
Lins, Karl V. ;
Servaes, Henri ;
Tamayo, Ane .
JOURNAL OF FINANCE, 2017, 72 (04) :1785-1823
[58]   When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10-Ks [J].
Loughran, Tim ;
McDonald, Bill .
JOURNAL OF FINANCE, 2011, 66 (01) :35-65
[59]   Generalist CEOs and Credit Ratings* [J].
Ma, Zhiming ;
Ruan, Lufei ;
Wang, Danye ;
Zhang, Haiyan .
CONTEMPORARY ACCOUNTING RESEARCH, 2021, 38 (02) :1009-1036
[60]   The impact of board cultural diversity on a firm's commitment toward the sustainability issues of emerging countries: The mediating effect of a CSR committee [J].
Martinez-Ferrero, Jennifer ;
Lozano, M. Belen ;
Vivas, Miguel .
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 2021, 28 (02) :675-685
123456789