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National institutions, stakeholder engagement, and firms' environmental, social, and governance performance

机译:国家机构,利益攸关方参与和公司的环境,社会和治理表现

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This paper studies the influence of different national institutions on corporate environmental, social, and governance (ESG) performance through the varieties of institutional systems approach. This research complements previous research that used traditional approaches such as the national business systems and the varieties of capitalism, because it considers companies in understudied economies in Asia, Africa, Eastern Europe, the Middle East, and Latin America. To that aim, a dataset of 4,751 firms within 52 countries is examined through a multilevel model, which allows establishing three levels of analysis: (a) yearly observations of a firm ESG performance, (b) the companies, and (c) the countries. This technique is useful to address the nested nature of firms' ESG performance within higher level institutional contexts. The results identify which specific national institutions enhance/restrict companies' ESG performance. This provides interesting implications because firms' ESG represent most of the companies' contributions to environmental preservation, social well-being, and community development.
机译:本文研究了不同国家机构对企业环境,社会和治理(ESG)业绩的影响,通过各种机构系统方法。本研究补充了以前的研究,以前利用国家商业系统等传统方法和资本主义品种,因为它考虑了亚洲,非洲,东欧,中东和拉丁美洲经济体的公司。为此,通过多级模型检查52个国家内的4,751家公司的数据集,允许建立三个分析级别:(a)年度审计绩效,(b)公司,(c)国家。这种技术可用于解决更高水平的制度背景下的公司ESG性能的嵌套性质。结果确定哪些特定的国家机构加强/限制公司的ESG绩效。这提供了有趣的影响,因为公司的ESG代表了大多数公司对环境保护,社会福祉和社区发展的贡献。

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