Competition and ESG practices in emerging markets: Evidence from a difference-in-differences model
Finance Research Letters, ISSN: 1544-6123, Vol: 46, Page: 102371
2022
- 93Citations
- 221Captures
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Article Description
This paper investigates how competition affects firms' environmental, social, and governance (ESG) practices in 22 emerging markets, using a sample of 6,906 firm–year observations from 2011 to 2019. Using a difference-in-differences technique and matched samples with a treated and a control group, I explore exogenous variation in the competitive environment of one country, Brazil, to assess the competition´s causal effect on ESG. The results suggest that firms adjust ESG practices negatively after a shock in competition, contrasting with previous results from developed economies.
Bibliographic Details
http://www.sciencedirect.com/science/article/pii/S1544612321003731; http://dx.doi.org/10.1016/j.frl.2021.102371; http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85113184201&origin=inward; https://linkinghub.elsevier.com/retrieve/pii/S1544612321003731; https://dx.doi.org/10.1016/j.frl.2021.102371
Elsevier BV
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