GX & Decarbonization Research

J. Nair, C. Gounder, Shilpa Peswani

Using data from Indian banks, this study examines the impact of ESG disclosures on non-performing loan ratios. It finds that aggregate ESG disclosures significantly reduce NPLs, with governance indicators having the strongest effect, while …

Abhishek Kanoor

This study examines whether the performance effects of board gender diversity are conditioned by director nationality and generational cohort in Saudi Arabia post-Vision 2030. Using a panel of 152 Tadawul-listed firms (2017–2023), it finds …

C. Rahayu, Anni Aryani

This systematic literature review of 60 articles analyzes the relationship between financial and non-financial variables in corporate sustainability. It finds that non-financial factors (green leadership, sustainability accounting, ESG disc…

Marian Tripak, N. Shevchuk

This paper proposes an institutional model linking corporate governance quality to financial transformation of agricultural companies entering international capital markets. Using Ukrainian firms listed on London and Warsaw exchanges, it sh…

Nabilah Az-Zahra Zhafira, Yulia Sindi Sari, Irmadela Nindyadiasti Rizkika Fitriani +3

This study unbundles corporate governance into four functional pillars and examines their distinct regional impacts on ROA using 14,776 firm-year observations from 53 countries (2020-2024). Panel regression reveals that accounting governanc…

Radina Modjaningrat, S. Bahri

This study examines the influence of environmental performance and sustainability reporting disclosure on firm value, with profitability as a moderator, for consumer goods manufacturers on the Indonesia Stock Exchange. Environmental perform…

Qing Shen

Using Chinese A-share commercial circulation firms (2012-2022), this paper empirically examines how ESG performance eases financing constraints and how digital transformation moderates this effect. A one-standard-deviation increase in ESG s…

А.П. Марзаев

This paper analyzes the ESG strategies of Russian gold mining companies Polyus and Polymetal and their impact on sustainable regional development. It finds that both companies act as systemic entities in regional economies, compensating for…

Abdulla Alnahdi, Ahmed Aljefri, Hazaa Altahboush +3

This study empirically demonstrates that ESG risk is negatively correlated with valuation multiples (P/E, P/B, EV/EBITDA) in the energy sector. Using Sustainalytics and Bloomberg data on 50 publicly traded energy companies, it finds that a …

Vasava Arjavbhai Ravisingbhai, Gandhi Jainishkumar Anilbhai, Dr. Shiji Prasannan

This study investigates ESG investment perception and adoption among Indian millennial and young investors. Survey results show rising awareness but moderate adoption, hindered by knowledge gaps and return concerns. Positive perception exis…

郭進泰 郭進泰, 黃三翁 黃三翁, 高秉毅 高秉毅

This study proposes an ESG-KPI-oriented selection model for condominium facility O&M outsourcing, using BWM and modified VIKOR. Based on expert interviews and a survey of 30 committee members, non-financial values such as innovation and rep…

Yatmoko Baroto, Igka Ulupui, E. Gurendrawati

Using a panel of 1,420 listed firms from Indonesia, Malaysia, and Singapore (2012-2023), this study employs FD-GMM and SYS-GMM to establish causality. It finds a positive ESG-ROE relationship and, counterintuitively, that firm size does not…

A. Kaminskyi, M. Nehrey, N. Almeida +1

This study analyzes ESG subindices and K-ratio for 30 US DJIA firms from 2019-2024. ESG scores peaked in the COVID-19 onset year and showed upward trajectories, but no clear correlation was found between ESG performance and risk-return. ESG…

Junlin He, Kok-Haur Ng, W. Lau +2

This paper examines the impact of ESG rating divergence on green total factor productivity (GTFP) for Chinese A-share listed firms from 2013 to 2022. The empirical results show a significant negative relationship, indicating that divergence…

Jing Li

This paper empirically examines the impact of environmental information disclosure on green finance development using Chinese A-share listed firms from 2008-2023. It constructs disclosure and green finance indices and finds that disclosure …

Niluh Komang Kusuma Yasari, H. Pratikto, Ery Tri Djatmika Rudijanto Wahju Wardhana

This study analyzes the effect of government regulatory compliance (PROPER scores) on financial performance (ROIC) with CSR and innovation as mediators in Indonesian consumer non-cyclicals firms. Results show compliance does not directly af…

A. Fouad

This study examines how corporate governance mechanisms affect financial sustainability in Egyptian banks using a ten-year panel dataset. Findings show that transparency and risk management improve financial performance and ESG scores, whil…

Arturo Garcia, Sang‐Ho Lee

This study examines the mediating role of sales in the relationship between environmental responsibility (ER) and financial performance (FP) using Korean ESG ratings (2019-2022). ER does not directly improve FP but indirectly through increa…

Yanlin Zheng

This study examines the marginal effect of corporate governance (G score) on bank financial performance using panel regression and random forest on Chinese listed banks (2009-2024). It finds a positive association with ROA and negative with…

Mayssa Zalila, Y. Makni, Anis Jarboui

This study examines the relationship between CSR and classification shifting (a form of earnings management) using a sample of 4,523 European firm-year observations from 2010-2022. The results show that firms with higher CSR scores exhibit …