Nexus between institutional quality and corporate sustainable performance: European evidence

被引：33

作者：

Rahi, A. B. M. Fazle ^{[1
,2
]}

Chowdhury, Mohammad Ashraful Ferdous ^{[3
]}

Johansson, Jeaneth ^{[2
,4
]}

Blomkvist, Marita ^{[5
]}

机构：

[1] Univ Gavle, Dept Business & Econ Studies, Gavle, Sweden

[2] Halmstad Univ, Sch Business Innovat & Sustainabil, Halmstad, Sweden

[3] King Fahd Univ Petr & Minerals KFUPM, KFUPM Business Sch, Interdisciplinary Res Ctr IRC Finance & Digital Ec, Dhahran, Saudi Arabia

[4] Lulea Univ Technol, Dept Entrepreneurship & Innovat, Lulea, Sweden

[5] Univ Gothenburg, Dept Business Adm, Gothenburg, Sweden

来源：

JOURNAL OF CLEANER PRODUCTION | 2023年 / 382卷

关键词：

Sustainability; Institutional quality; ESG; Corporate sustainability; Performance; Europe; SOCIAL-RESPONSIBILITY; PANEL-DATA; ENVIRONMENTAL PERFORMANCE; GOVERNANCE INDICATORS; GENERALIZED-METHOD; ECONOMIC-GROWTH; IMPACT; CORRUPTION; MANAGEMENT; POLICY;

D O I：

10.1016/j.jclepro.2022.135188

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

By analysing 796 companies' data from 21 European countries, this research uncovered the nexus between institutional quality (IQ) and corporate sustainable performance (CSP). The relationship was theoretically examined with the lens of institutional theory and then empirically tested. The findings show that IQ has a positive and significant impact in safeguarding CSP, and firms' characteristics play an essential preamble in this regard. We additionally found the heterogeneous impact of IQ on CSP. To come to a conclusion, we have applied random effect, two-step system GMM and quantile regression models. Our findings are consistent and empirically robust; therefore, the study disseminates key messages to policymakers and practitioners about the role of IQ in safeguarding CSP.

引用

页数：14

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