ESG complementarity in emerging market: Evidence from China
Finance Research Letters, ISSN: 1544-6123, Vol: 73, Page: 106618
2025
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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 examines how firms in China approach environmental, social, governance (ESG) investments, with a particular focus on whether ESG components are viewed as complementary or substitutive. We find that the environmental component acts as a substitute for governance, suggesting a competition for resources. Conversely, the social component complements both environmental and governance initiatives, indicating synergies. These findings reveal that firms in emerging markets strategically optimize ESG investments, balancing limited resources within unique institutional frameworks. Our results highlight the complex interplay between ESG components in emerging markets and provide insights into how firms prioritize and integrate various aspects of ESG.
Bibliographic Details
http://www.sciencedirect.com/science/article/pii/S1544612324016477; http://dx.doi.org/10.1016/j.frl.2024.106618; http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85213564861&origin=inward; https://linkinghub.elsevier.com/retrieve/pii/S1544612324016477; https://dx.doi.org/10.1016/j.frl.2024.106618
Elsevier BV
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