Corporate ESG performance and competitive strategies from the perspective of financial markets: Strategic significance of firm size

被引：0
|
作者：
Sun, Ze [1 ]
Cai, Cen [2 ]
Tan, Haoyu [3 ]
Ji, Heli [4 ]
Tian, Grace [5 ]
机构：
[1] Hubei Univ Technol, Sch Econ & Management, Wuhan 430068, Hubei, Peoples R China
[2] Shanghai Univ Int Business & Econ, Sch Finance, Shanghai 201620, Peoples R China
[3] Renmin Univ China, Sch Lab & Human Resources, Beijing 100872, Peoples R China
[4] Peoples Publ Secur Univ China, Sch Law, Beijing 100083, Peoples R China
[5] Harvard Univ, John F Kennedy Sch Govt, Cambridge, MA 02138 USA
来源：
FINANCE RESEARCH LETTERS | 2025年 / 77卷
关键词：
Environmental information; Industry competition; Firm size; Esg performance;
D O I：
10.1016/j.frl.2025.107080
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study provides a comprehensive analysis of how market competition influences corporate environmental, social, and governance (ESG) performance within financial markets. The findings suggest that heightened market competition compels companies to strengthen their ESG performance. Firm size serves as a positive moderating factor in this process, enabling larger firms to better capitalize on competitive pressures to enhance their ESG efforts and refine their strategic positioning in financial markets. Although environmental information uncertainty presents challenges to corporate ESG performance, firm size also plays a moderating role in mitigating these negative effects.
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页数：7
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