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  1. Institutionalization of firm’s commitment to CSR—a mimetic isomorphism perspective.Manish Bansal & Sastry Sarath Pendyala - 2023 - Asian Journal of Business Ethics 12 (2):129-150.
    The purpose of the study is to investigate whether internal and external institutional environmental conditions play a role in the institutionalization of strategic commitment to corporate social responsibility (CSR) among Indian firms in the wake of the mandatory CSR norms or not (where the firms of certain size and profitability are mandated to spend on CSR). The study examines the fixed effects regression on balanced panel data collected from the annual reports and Prowess database of Bombay Stock Exchange-listed firms. Our (...)
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  • Too much of a good thing? Exploring the curvilinear relationship between environmental, social, and governance and corporate financial performance.Eunmi Tatum Lee & Xiaoyuan Li - 2022 - Asian Journal of Business Ethics 11 (2):399-421.
    The effect of environmental, social, and governance (ESG) activities on corporate financial performance (CFP) could be linear or nonlinear. However, inconsistent results remain a research gap and thus need to be re-examined. By drawing on stakeholder theory and the neoclassical economics perspective while using the panel data of 155 Chinese listed firms from 2010 to 2020, system generalized method of moments (GMM) estimation results revealed an inverted U-shaped relationship between ESG and CFP. Moreover, by drawing on the institutional-based view, it (...)
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