Environmental Performance and Financial Performance: The Predominant Moderating Effect of ESG Controversies alongside Board Gender Diversity and Independence (notice n° 1544094)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01830cam a2200229 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20251012024457.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Dang, Rey |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Environmental Performance and Financial Performance: The Predominant Moderating Effect of ESG Controversies alongside Board Gender Diversity and Independence |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2025.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 4 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This study investigates the relationship between environmental performance (EP) and financial performance (FP) using a longitudinal sample of Fortune 500 firms from 2004 to 2023. Employing a two-stage semiparametric generalized additive model with firm fixed effects and controls, we find a strong positive association between EP and market valuation, robust to endogeneity and heterogeneity concerns. However, this environmental premium is significantly weakened when firms face ESG controversies, highlighting the financial costs of reputational shocks. We further examine governance moderators and show that board gender diversity and independence both enhance the EP–FP linkage and reduce the adverse impact of controversies. When considered jointly, ESG controversies emerge as the most influential factor shaping the EP–FP nexus. Overall, our findings suggest that environmental initiatives deliver sustained market benefits only when coupled with sound governance and effective ESG risk management, underscoring key implications for managers and policymakers. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Controversy |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Environment |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | ESG |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Gender |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Performance |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Sahut, Jean-Michel |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Innovations | hors-série | HS1 | 2025-10-10 | p. 81-81 | 1267-4982 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-innovations-2025-HS1-page-81?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-innovations-2025-HS1-page-81?lang=en&redirect-ssocas=7080</a> |
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