Earticle

초록

영어

This study investigates the effect of corporate strategy deviance on ESG performance and the moderating effect of investor sentiment in China. In addition, we further explore whether the nature of property rights and regional differences will affect the relationship between them. We find that corporate strategy deviance can significantly inhabit ESG performance. And investor sentiment negatively moderates the inhibitory effect of strategy deviance on ESG. Furthermore, compared with non-state-owned corporates and corporates in the central and western regions, the inhibitory effect of strategy deviance on ESG performance is more significant in the state-owned corporates and corporates in east regions. This result enriches the economic consequence of strategy deviance and supply the motivation of ESG performance.

목차

ABSTRACT
Ⅰ. Introduction
Ⅱ. Literature Review and Hypothesis Development
2.1 Strategy Deviance
2.2 ESG Performance
2.3 Hypothesis Development
Ⅲ. Methodology
3.1 Sample Selection
3.2 Variable Definitions
3.3 Research Models
IV. Regression Result
4.1 Descriptive Statistics
4.2 Correlation Analysis
4.3 Regression Analysis
Ⅴ. Robustness Test
5.1 Replace the Measurement Method of ESG Performance
5.2 Endogeneity Test
Ⅵ. Further Analysis
6.1 Analysis based on the Nature of Property Rights
6.2 Analysis based on the Regions
Ⅶ. Conclusions
References

키워드

저자

• Feng, Panpan [ Lecturer, College of Economics and Management, Zhengzhou University of Light Industry ]
• Fu, Yaqi [ Master Candidate, College of Economics and Management, Zhengzhou University of Light Industry ]
• Jeon, Seongil [ Professor, College of Business Administration, Chonnam National University ] Corresponding Author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  산업혁신연구 [The Journal of Industrial Innovation]

• 간기

  계간

• pISSN

  2005-2936

• eISSN

  2800-0080

• 수록기간

  1985~2026

• 등재여부

  KCI 등재

• 십진분류

  KDC 325 DDC 658