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11 pages, 6972 KiB  
Article
Symptomatic Uterine Rudiments in Adolescents and Adults with Mayer–Rokitansky–Küster–Hauser Syndrome (MRKHS): Management and Outcomes
by Maria Buda, Weronika Zajączkowska, Klaudyna Madziar, Witold Kędzia and Karina Kapczuk
J. Clin. Med. 2024, 13(22), 6767; https://doi.org/10.3390/jcm13226767 (registering DOI) - 10 Nov 2024
Abstract
Background: Women with an aplastic uterus (ESHRE/ESGE classification) or Müllerian agenesis (ASRM MAC 2021) might present with functional uterine remnants. Our study aimed to report the clinical course of symptomatic uterine rudiments in adolescents and adults with Mayer–Rokitansky–Küster–Hauser syndrome (MRKHS). Methods: This study [...] Read more.
Background: Women with an aplastic uterus (ESHRE/ESGE classification) or Müllerian agenesis (ASRM MAC 2021) might present with functional uterine remnants. Our study aimed to report the clinical course of symptomatic uterine rudiments in adolescents and adults with Mayer–Rokitansky–Küster–Hauser syndrome (MRKHS). Methods: This study involved 20 patients with MRKHS who, between 2012 and 2023, underwent surgery for symptomatic uterine horns at the mean age of 25.2 years in the Division of Gynaecology, Gynaecological and Obstetric Clinical Hospital, Poznan University of Medical Sciences, Poland. The records of the patients were retrospectively analysed. Results: The volume of the uterine horns ranged from 0.8 to 58.3 cm3, and the volume of the endometrial cavity within the horns ranged from 0.03 to 12 cm3, with no significant difference between adolescents and adults (p = 0.36). In five patients (25%), MRKHS was identified during the diagnosis of recurrent pelvic pain at the age of 12.6–14.8 years. In 19 patients, uterine rudiments were removed: unilaterally in 3 patients (16%), bilaterally in 16 patients (84%), and laparoscopically in 89% of cases. In one patient, the horn was preserved (horno-neovaginal anastomosis). Histopathology confirmed the presence of the endometrium in uterine rudiments ipsilateral to the pain location in 75% of cases. Four patients (20%) were diagnosed with endometriosis. Conclusions: Recurrent pelvic pain in patients with MRKHS should prompt the diagnosis of functional uterine rudiments. The resection of symptomatic uterine horns can result in the complete resolution of pain. Patients with endometriosis are at risk of pain recurrence. In some patients strongly desirous of menstruation, horno-neovaginal anastomosis can be cautiously attempted. Full article
(This article belongs to the Section Obstetrics & Gynecology)
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21 pages, 500 KiB  
Article
Corporate ESG Performance, Green Innovation, and Green New Quality Productivity: Evidence from China
by Yan Ma, Pei Liu and Haonan Chen
Sustainability 2024, 16(22), 9804; https://doi.org/10.3390/su16229804 (registering DOI) - 10 Nov 2024
Abstract
In recent years, China has placed significant emphasis on sustainable economic and social development, actively implementing the concept of green development. In 2023, General Secretary Xi Jinping proposed that all regions should actively develop new-quality productivity, signifying a deepening of green and sustainable [...] Read more.
In recent years, China has placed significant emphasis on sustainable economic and social development, actively implementing the concept of green development. In 2023, General Secretary Xi Jinping proposed that all regions should actively develop new-quality productivity, signifying a deepening of green and sustainable development principles. As an internationally recognized indicator for measuring corporate sustainability, Environmental, Social, and Governance (ESG) criteria may influence the enhancement of new-quality productivity across regions, particularly in relation to green new quality productivity. This paper investigates the effects of corporate ESG performance on the levels of green and new-quality productivity using data from China’s A-share listed companies from 2013 to 2022. The findings reveal the following: (1) corporate ESG performance significantly enhances the level of green new quality productivity; (2) mechanism tests indicate that corporate ESG performance enhances green new quality productivity by promoting firms’ green innovation; and (3) further analysis shows that the effect of ESG performance on green new quality productivity is more pronounced in firms with low levels of financing constraints, high media attention, and elevated green awareness among executives. These findings provide empirical evidence for strengthening corporate ESG performance, promoting green innovation, elevating regional levels of green and new-quality productivity, and advancing sustainable development, thereby offering valuable insights for developing countries. Full article
16 pages, 259 KiB  
Article
Sustainable Strategies and Value Creation in the Food and Beverage Sector: The Case of Large Listed European Companies
by Patrizia Gazzola, Enrica Pavione, Stefano Amelio and Martina Mauri
Sustainability 2024, 16(22), 9798; https://doi.org/10.3390/su16229798 (registering DOI) - 10 Nov 2024
Viewed by 106
Abstract
Food and beverage in Europe represents a central sector in terms of contribution to GDP, employment, and the trade balance. At the same time, it has significant environmental, economic, and social implications, making the adoption of sustainable strategies of vital importance for companies [...] Read more.
Food and beverage in Europe represents a central sector in terms of contribution to GDP, employment, and the trade balance. At the same time, it has significant environmental, economic, and social implications, making the adoption of sustainable strategies of vital importance for companies in the sector. This study explores how sustainable business practices can create long-term strategic value, with a particular focus on the food and beverage sector. The research analyzes the relationship between sustainability and business strategy, focusing on how companies can thrive in the context of environmental uncertainties, social fluctuations, and economic interconnectedness. Specifically, the study aims to identify the key sustainability practices and strategies adopted by leading food and beverage companies and determine how these practices affect their ESG performance (environmental, social, and governance) results. The study uses a reasoned selection of case studies from one of the primary CSR regulatory categories—listed companies with considerable size (excluding tobacco companies and those with a capitalization of less than EUR 10 billion)—comparing companies’ sustainability reports and the latest 2023 integrated annual report to assess every aspect of each company, from market position to sustainability policies and sustainable reporting. Full article
30 pages, 1123 KiB  
Article
A Matching Policy to Address ESG and Non-ESG Risks Impacted by a Relocation Policy in China’s Chemical Industry
by Xudong Ren, Khanh Linh Dong, Jackson Ewing, Jie Zheng and Lei Shi
Sustainability 2024, 16(22), 9760; https://doi.org/10.3390/su16229760 (registering DOI) - 8 Nov 2024
Viewed by 329
Abstract
China’s chemical industry has faced severe environmental, social, and governance (ESG) issues, such as high safety and environmental accidents and risks. To address these issues and promote industrial upgrading, China’s central government has issued a national relocation and improvement policy targeting its chemical [...] Read more.
China’s chemical industry has faced severe environmental, social, and governance (ESG) issues, such as high safety and environmental accidents and risks. To address these issues and promote industrial upgrading, China’s central government has issued a national relocation and improvement policy targeting its chemical industry. However, its countrywide policy implementation may also lead to other ESG risks during the relocation of chemical enterprises, namely industrial transfer. The typical ESG risks that appear to occur in developed eastern region provinces include a one-size-fits-all solution and unemployment, while less developed central and western region provinces may encounter pollution transfer, carbon leakage, environmental injustice, and health disparities. These ESG risks might overlap with other economic and financial (non-ESG) risks, like stranded assets, industry hollowing-out, and debt sustainability issue. These ESG and non-ESG risks could result from potential mismatches between chemical enterprises and chemical parks, categorized as mismatching errors explained by social-ecological systems, behavioral economics, and information economics. To better manage these risks, we propose an ESG matching policy comprising a national standardized ESG scoring and ranking system, a deferred acceptance mechanism, and a score announcement instrument. Such a policy innovation aims at achieving fair and efficient chemical enterprise–chemical park pairs, which would help manage both ESG and non-ESG risks and provide a just transition toolkit for China and other developing countries. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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11 pages, 3757 KiB  
Article
Enhancement of Natural Dye-Sensitized Solar Cell Efficiency Through TiO2 Hombikat UV100 and TiO2 P25 Photoanode Optimization
by Assohoun Fulgence Kraidy, Abé Simon Yapi, Pierre Saint-Gregoire, Lídice Vaillant-Roca, Samuel Eke, Ruben Mouangue, Arash Jamali and Yaovi Gagou
Processes 2024, 12(11), 2481; https://doi.org/10.3390/pr12112481 - 8 Nov 2024
Viewed by 298
Abstract
Engineering new photoanode materials to substantially improve the efficiency of natural dye-sensitized solar cells (DSSC-Ns) is a significant challenge in the field of DSSC-Ns. This study utilizes the doctor blade technique to develop novel photoanode materials based on mixtures with different proportions of [...] Read more.
Engineering new photoanode materials to substantially improve the efficiency of natural dye-sensitized solar cells (DSSC-Ns) is a significant challenge in the field of DSSC-Ns. This study utilizes the doctor blade technique to develop novel photoanode materials based on mixtures with different proportions of TiO2 Hombikat UV100 and TiO2 P25, two nanometric powders with different grain sizes. The fabricated films were studied by X-ray diffraction, which revealed a dominant anatase phase in the structure, as was corroborated by Raman spectroscopy. The crystallite size of the materials was determined using the Scherrer method. Using optical measurements, we estimated the bandgap energy (Eg) of the photoanodes that varied in the samples at around 3 eV. The assembled solar cells demonstrated a significant efficiency of 4.87% in the TiO2 Hombikat UV100/TiO2 P25 sample with the proportion of 50–50% (HP50) of blended photoanode. This sample device exhibited a fill factor of 50.41%, an open circuit voltage (Voc) of 0.65 V, and a current density of 14.75 mA/cm2 for an active surface area of 0.19 cm2. The HP50 sample constituted highly efficient DSSC-Ns and photoanodes with lower open-circuit voltage in the series, while HP40 developed a Voc of 0.73 V, and HP30 developed a Voc of 0.70 V. Full article
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19 pages, 1145 KiB  
Article
Twitter Economic Uncertainty and Herding Behavior in ESG Markets
by Dimitrios Koutmos
J. Risk Financial Manag. 2024, 17(11), 502; https://doi.org/10.3390/jrfm17110502 - 8 Nov 2024
Viewed by 291
Abstract
Attention to environmental, social, and governance (ESG) investing has grown in recent years. Even after the SARS-CoV-2 (COVID-19) global pandemic, there has been a rise in financial instruments that are structured according to certain prescribed “sustainable finance” objectives. From a risk management perspective, [...] Read more.
Attention to environmental, social, and governance (ESG) investing has grown in recent years. Even after the SARS-CoV-2 (COVID-19) global pandemic, there has been a rise in financial instruments that are structured according to certain prescribed “sustainable finance” objectives. From a risk management perspective, and as we continue to see a rise in inflows into such instruments, it is important to appreciate that ESG markets will have a growing influence on our financial system and its development. In light of this, and using a sample of some of the most common and popular US-based ESG index funds, this study explores the extent to which herding behaviors are present in such markets. From a regulatory point of view, such behaviors are important to identify, given that they can lead to excess price volatility, bubbles, and other such market-destabilizing phenomena. In addition, this study builds a framework for exploring whether Twitter-based economic uncertainty, which is arguably a forward-looking indicator of investors’ expectations, can exacerbate herding behaviors in ESG markets. Overall, this study shows the following: (i) herding behaviors are present in ESG markets; (ii) rises in Twitter economic uncertainty can potentially exacerbate such herding; (iii) although ESG funds, like traditional asset classes, generally show a negative risk–return tradeoff, this can be driven by changes in Twitter economic uncertainty. Full article
(This article belongs to the Section Sustainability and Finance)
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23 pages, 956 KiB  
Article
The Influence of Behavioral and ESG Drivers on Consumer Intentions for Online Fashion Renting: A Pathway Toward Sustainable Consumption in China’s Fashion Industry
by Bilal Ahmed, Hatem El-Gohary, Rukaiza Khan, Muhammad Asif Gul, Arif Hussain and Syed Mohsin Ali Shah
Sustainability 2024, 16(22), 9723; https://doi.org/10.3390/su16229723 - 7 Nov 2024
Viewed by 611
Abstract
As the fashion industry faces increasing scrutiny over its environmental impact, collaborative consumption models such as online fashion renting offer potential solutions for fostering sustainability. This study examines the role of environmental, social, and governance (ESG) factors alongside behavioral drivers in shaping consumer [...] Read more.
As the fashion industry faces increasing scrutiny over its environmental impact, collaborative consumption models such as online fashion renting offer potential solutions for fostering sustainability. This study examines the role of environmental, social, and governance (ESG) factors alongside behavioral drivers in shaping consumer intentions toward online fashion renting in China, a model of collaborative consumption that contributes to sustainability by reducing new product demand and promoting the reuse of fashion items. The data was gathered from 403 Chinese customers using a standardized questionnaire. Structural equation modeling (SEM) was used to examine the given study hypotheses. The current study empirically demonstrates that customers’ attitudes, past sustainable behavior, and subjective norms are significant indicators of consumers’ intentions toward online fashion renting. The results further indicate that relative advantage, compatibility, perceived ownership, psychological risk, green self-identity, and experience value are the key drivers of consumers’ attitudes toward online fashion renting. Additionally, the ESG factors were found to have a significant positive impact on consumer attitudes toward online fashion renting, underscoring their importance in driving sustainable consumption patterns. By integrating behavioral and ESG perspectives, the study contributes to the growing discourse on how sustainable consumption patterns can be encouraged within the fashion industry, offering theoretical and managerial implications for fostering sustainable behavior. Directions for future research are also suggested. Full article
(This article belongs to the Special Issue ESG Investing for Sustainable Business: Exploring the Future)
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20 pages, 2061 KiB  
Article
Government Subsidies and Business Resilience of Chinese Electric Vehicle Enterprises: The Roles of ESG and Technological Capability
by Qiu Zhao, Chao Zhang and Zhuoqian Li
Energies 2024, 17(22), 5569; https://doi.org/10.3390/en17225569 - 7 Nov 2024
Viewed by 312
Abstract
In the context of increasing global macroeconomic policy uncertainty, the effectiveness of Chinese government subsidies in promoting the business resilience of electric vehicle (EV) enterprises and the sustainable development of the EV industry has attracted significant attention. This paper utilizes panel data from [...] Read more.
In the context of increasing global macroeconomic policy uncertainty, the effectiveness of Chinese government subsidies in promoting the business resilience of electric vehicle (EV) enterprises and the sustainable development of the EV industry has attracted significant attention. This paper utilizes panel data from Chinese listed EV companies from 2013 to 2022 to examine the impact of government subsidies on the business resilience of these enterprises. It also analyzes the moderating roles of corporate ESG (Environmental, Social, and Governance) performance and technological capability. This study finds that government subsidies significantly enhance business resilience, particularly for companies with a high ESG performance and a strong technological capability, which can better leverage these subsidies to further enhance their resilience amidst market fluctuations and uncertainties. Moreover, as an external support measure, government subsidies complement internal corporate factors like ESG performance and technological capability, promoting the sustainable development of the industry. Policymakers should consider corporate ESG performance and technological capability when designing subsidy programs to maximize their effectiveness. Full article
(This article belongs to the Section E: Electric Vehicles)
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16 pages, 591 KiB  
Article
Can the Inclusiveness of Foreign Capital Improve Corporate Environmental, Social, and Governance (ESG) Performance? Evidence from China
by Bing He and Cancan Ma
Sustainability 2024, 16(22), 9626; https://doi.org/10.3390/su16229626 - 5 Nov 2024
Viewed by 489
Abstract
Foreign direct investment (FDI) has become an important factor influencing corporate operational strategies, yet the impact of its inclusiveness on corporate environmental, social, and governance (ESG) performance remains unclear. In this study, the correlation of city-level FDI inclusiveness with corporate-level ESG performance was [...] Read more.
Foreign direct investment (FDI) has become an important factor influencing corporate operational strategies, yet the impact of its inclusiveness on corporate environmental, social, and governance (ESG) performance remains unclear. In this study, the correlation of city-level FDI inclusiveness with corporate-level ESG performance was investigated based on data from 1258 Chinese A-share listed companies between 2011 and 2021. The effects of FDI inclusiveness on corporate ESG performance and its underlying mechanisms were investigated. The findings indicate that an increase in FDI inclusiveness significantly improves corporate ESG performance. Additionally, the moderating role of corporate competitive advantage and urban entrepreneurial vitality was analyzed, and the findings indicate that an increase in urban FDI inclusiveness significantly improves corporate ESG performance. Managerial green attention and corporate innovation capability play intermediary roles in the overall impact, with the total impact being positively moderated by investor attention. Furthermore, the influence of FDI inclusiveness on corporate ESG performance exhibits significant heterogeneity resulting from variations in digital policies, environmental policies, and ownership structures. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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20 pages, 1122 KiB  
Article
Environmental Justice Specialization and Corporate ESG Performance: Evidence from China Environmental Protection Court
by Yue Meng and Xiaolei Yang
Sustainability 2024, 16(21), 9531; https://doi.org/10.3390/su16219531 - 1 Nov 2024
Viewed by 616
Abstract
In order to implement the dual-carbon strategy and achieve sustainable economic development, it is essential to guarantee environmental protection through the establishment of an effective environmental rule of law. This study employs a quasi-natural experiment, namely the establishment of environmental protection courts in [...] Read more.
In order to implement the dual-carbon strategy and achieve sustainable economic development, it is essential to guarantee environmental protection through the establishment of an effective environmental rule of law. This study employs a quasi-natural experiment, namely the establishment of environmental protection courts in China’s intermediate people’s courts, to investigate the impact on the ESG performance of A-share listed companies from 2010 to 2022. A double-difference model is utilized for this purpose. This study reveals that the specialization of environmental justice is an effective means of promoting the ESG performance of enterprises. The results of mechanism tests indicate that the specialization of environmental justice has a positive impact on the ESG performance of enterprises, primarily by enhancing external supervision and garnering greater media attention and analyst interest. Furthermore, heterogeneity analysis reveals that the influence of environmental justice specialization on corporate ESG performance is particularly pronounced in eastern regions, contexts characterized by high environmental uncertainty and heavily polluting enterprises. These findings offer invaluable insights into the development of environmental justice and the advancement of sustainable economic growth. Full article
(This article belongs to the Special Issue Sustainable Governance: ESG Practices in the Modern Corporation)
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51 pages, 454 KiB  
Article
Corporate Social Responsibility and Country Governance: An International Comparative Study Amid the COVID-19 Pandemic
by Dimitrios Vortelinos, Ioannis Passas, Christos Floros and Alexandros Garefalakis
Int. J. Financial Stud. 2024, 12(4), 110; https://doi.org/10.3390/ijfs12040110 - 1 Nov 2024
Viewed by 562
Abstract
This paper assesses the association of ESG scores with stock returns and highlights the moderating role of the COVID-19 pandemic and the country’s governance. The study uses panel data regression models to assess the relationship between ESG factors and stock returns, focusing on [...] Read more.
This paper assesses the association of ESG scores with stock returns and highlights the moderating role of the COVID-19 pandemic and the country’s governance. The study uses panel data regression models to assess the relationship between ESG factors and stock returns, focusing on the moderating role of country governance and the COVID-19 pandemic. The results reveal that governance quality significantly enhances the positive effects of ESG practices on returns, particularly during times of crisis. These suggest that higher overall ESG scores are related positively to financial performance, and this relation is enhanced during the COVID-19 pandemic. Specifically, the two dimensions of ESG that matter most are environmental and governance. Country-level governance is important because firms in well-governed countries amplify the benefits of high ESG scores. The opposite is true for the higher controversies scores, whose bad financial outcome is magnified during the pandemic. These results present an argument for the resilience of firm financial performance, dependent on strong ESG practices and governance frameworks. This holds great interest for investors and policymakers in associating good ESG considerations with the effective management of financial risks, leading to sustainable returns during periods of widespread economic uncertainty. Full article
29 pages, 2143 KiB  
Article
Key Factors for Building Information Modelling Implementation in the Context of Environmental, Social, and Governance and Sustainable Development Goals Integration: A Systematic Literature Review
by Wu Jing and Aidi Hizami Alias
Sustainability 2024, 16(21), 9504; https://doi.org/10.3390/su16219504 - 31 Oct 2024
Viewed by 629
Abstract
Driven by global sustainability trends, Building Information Modelling (BIM) technology is increasingly becoming a key tool in the construction industry to improve efficiency and sustainability. This study aims to identify the key factors affecting BIM implementation in the context of Environmental, Social, and [...] Read more.
Driven by global sustainability trends, Building Information Modelling (BIM) technology is increasingly becoming a key tool in the construction industry to improve efficiency and sustainability. This study aims to identify the key factors affecting BIM implementation in the context of Environmental, Social, and Governance (ESG) and Sustainable Development Goals (SDGs) and to construct a theoretical framework for BIM implementation based on these factors. To achieve this objective, this study used a systematic literature review (SLR) method to systematically review the relevant literature between 2009 and 2024 and identified 16 key factors from the selected 406 studies through keyword co-occurrence analysis (using VOSviewer 1.6.20) and data coding. These key factors include top management support for ESG and SDGs, alignment of SDGs, ESG integration, technical support, BIM software, BIM hardware, structural adjustment and collaboration, capacity building, change management, skill and attitude, educational training and development, incentive mechanism, roles and responsibilities, sustainable construction practices, policies and regulations, and resource efficiency. This study categorises these factors under the Strategy, Technology, Organisation, People, Environment (STOPE) framework and proposes a theoretical implementation framework for BIM accordingly. The findings not only provide a practical guiding framework for the sustainable development of construction companies in the context of ESG and SDG integration but also lay a solid theoretical foundation for future empirical research. Full article
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14 pages, 274 KiB  
Article
Environmental, Social and Corporate Governance (ESG) and Total Factor Productivity: The Mediating Role of Financing Constraints and R&D Investment
by Haoming Ding, Wei Han and Zerui Wang
Sustainability 2024, 16(21), 9500; https://doi.org/10.3390/su16219500 - 31 Oct 2024
Viewed by 563
Abstract
In recent years, “environment, society and governance” (ESG) has attracted widespread attention. As an investment philosophy focused on long-term value creation and non-financial performance indicators, ESG addresses internal governance challenges and fosters high-quality economic and social development. This study uses panel data analysis [...] Read more.
In recent years, “environment, society and governance” (ESG) has attracted widespread attention. As an investment philosophy focused on long-term value creation and non-financial performance indicators, ESG addresses internal governance challenges and fosters high-quality economic and social development. This study uses panel data analysis of 9125 observations from 1305 eligible companies to examine the relationship between ESG ratings, financing constraints, corporate research and development (R&D), and total factor productivity (TFP). It focuses on heavily polluting enterprises listed on the Shanghai and Shenzhen A-shares from 2012 to 2022. The findings show that (1) ESG ratings significantly impact TFP for the better, and (2) financial limitations act as a go-between for the ESG ratings and TFP connection, and (3) corporate R&D also serves as a mediator between ESG ratings and TFP. These findings offer valuable insights for shaping corporate ESG strategies, driving green transformation, enhancing productivity, advancing sustainable development, and supporting high-level environmental protection. Full article
18 pages, 1731 KiB  
Article
Anti-Competition and Anti-Corruption Controversies in the European Financial Sector: Examining the Anti-ESG Factors with Entropy Weight and TOPSIS Methods
by Georgia Zournatzidou, George Sklavos, Konstantina Ragazou and Nikolaos Sariannidis
J. Risk Financial Manag. 2024, 17(11), 492; https://doi.org/10.3390/jrfm17110492 - 31 Oct 2024
Viewed by 625
Abstract
(1) Background: This research aims to investigate the impact of environmental, social, and governance (ESG) factors on European banking corruption. Thus, its novelty is based on considering anti-competitive concerns as a major component that may considerably impact fraud and bribery in corruption investigations. [...] Read more.
(1) Background: This research aims to investigate the impact of environmental, social, and governance (ESG) factors on European banking corruption. Thus, its novelty is based on considering anti-competitive concerns as a major component that may considerably impact fraud and bribery in corruption investigations. (2) Methods: To approach the research question, we conducted an examination of anti-competitive practices at 344 financial institutions headquartered in Europe throughout the period 2018 to 2022 using the entropy weight and TOPSIS methods. (3) Results: This study reveals that anti-competitive actions are typified by environmental debate and genuine policy competition. Analysing the results prompted us to reach this conclusion. The present study’s findings reveal that financial institutions in Scandinavian nations demonstrate the most significant anti-competitive activity. (4) Conclusions: This research is the first study to underscore the concept of anti-competition disputes and their impact on the emergence of corruption, extortion, and fraud in the European banking sector. Although anti-competitive and corrupt practices may appear to be distinct concepts, they both lead to the financial sector acquiring disproportionate control over the market. Full article
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20 pages, 737 KiB  
Article
Can ESG Disclosure Stimulate Corporations’ Sustainable Green Innovation Efforts? Evidence from China
by Miao Li and Rajah Rasiah
Sustainability 2024, 16(21), 9390; https://doi.org/10.3390/su16219390 - 29 Oct 2024
Viewed by 744
Abstract
The Environmental, Social, and Governance (ESG) Composite Rating denotes corporations’ capability for supporting sustainable development activities, social responsibility, and transparent and ethical governance. It aims to inform investors and stakeholders about the company’s sustainability and social responsibility risks. ESG has increasingly become an [...] Read more.
The Environmental, Social, and Governance (ESG) Composite Rating denotes corporations’ capability for supporting sustainable development activities, social responsibility, and transparent and ethical governance. It aims to inform investors and stakeholders about the company’s sustainability and social responsibility risks. ESG has increasingly become an informal yet significant driving force in promoting sustainable green innovation within the diversified co-governance environmental management system. This paper examines the dynamic relationship between ESG performance and sustainable green innovation practices in Chinese A-share listed companies from 2011 to 2022. The results show a positive correlation between ESG performance and the level of corporate sustainable green innovation. They also validate the moderating roles of informal external pressure and internal development demands. While the moderating effect of public environmental concern (PEC) is not significant, corporate digital transformation (CDT) significantly and positively moderates the relationship between ESG performance and sustainable green innovation. These findings offer policymakers and corporations a means to formulate a framework to shape the conduct of corporations to meet the market’s green development needs and to establish instruments that promote green innovation. Full article
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