Influence Corporate Performance Research Articles

Comparative Analysis of ESG Ratings and Their Impact on Equity Valuation

In accordance with studies on 2,000 large-cap corporations headquartered in nearly 50 countries, significant differences exist in ESG disclosure quality and transparency. This article aims to conduct a comparative analysis of ESG ratings and their impact on equity valuation. By analyzing factors influencing enterprise valuation and theoretical frameworks explaining the potential links between ESG and corporate valuation, addressing a critical blank space in existing papers. It contributes to redefine how ESG factors influence corporate performance and equity valuation, providing valuable perspectives for policymakers, investors and managers navigating the evolving landscape of sustainability. Furthermore, this article proposes some targeted policy recommendations. For instance, incentivizing sustainable practices can promote the importance and accuracy of ESG indicators in equity valuation. Governments can develop fiscal incentives for corporations adopting robust ESG practices. Tax breaks or subsidies can be typical examples. This would encourage more enterprises of various ownership types to prioritize sustainability in their operations and reporting.

How Green Entrepreneurial Orientation Influences Corporate Performance: The Missing Link of Green Knowledge Sharing

Based on dynamic capability theory and contingency theory, this study explores effects of green knowledge sharing (GKS) and environmental dynamism (ED) on the relationship between green entrepreneurial orientation (GEO) and corporate performance (CP). Using SPSS 24.0 software to perform hierarchical regression analysis on collected data from 387 Chinese manufacturing firms, it was found that GEO has positive influence on financial performance (FP) and environmental performance (EP), that supplier knowledge sharing (SKS) and customer knowledge sharing (CKS) play a mediating role in the relationship between GEO and EP, and that SKS mediates the relationship between GEO and FP. However, CKS does not mediate the relationship between GEO and FP. In addition, our empirical findings show that CP is improved through GEO and GKS at a higher level of ED. These findings provide theoretical contributions and practical inspirations for the research on green entrepreneurship.

LIDERANÇA EM TRANSFORMAÇÃO: DO MODELO TRADICIONAL Á GESTÃO DO FUTURO

This research explores the improvement of leadership management models, analyzing the transition from traditional leadership to future-oriented management. The study aims to understand how changes in leadership styles and organizational structures influence corporate performance and behavior, as well as to examine the transitions experienced by companies over the years. Grounded in a bibliographic review of individual characteristics, such as hierarchical rigidity and centralized control in traditional management models, the analysis contrasts these with new trends focused on versatility and technological innovation. The results demonstrate the benefits and challenges of each approach, highlighting the importance of transitioning to a more flexible and collaborative model, which is essential to meet demands and remain solid in the contemporary market. It is concluded that successful leadership management requires balancing efficiency and innovation, promoting organizational success in future markets.

Effect of corporate voluntary disclosure on corporate performance: Evidence from a transitional economy

Corporate performance is one of the core pillars of accelerating the economic growth of any economy. There are some direct and indirect components of corporate performance. This study is conducted to measure the impact of indirect factors, such as corporate voluntary disclosures, on corporate performance. A sample of 872 annual reports is investigated. A content analysis has been conducted to measure voluntary disclosure. The study employs the short panel data, fixed model regression, and Panel Corrected Standard Error (PCSE). The analysis indicates that corporate voluntary disclosure has influenced the return on assets with a regression coefficient of 0.0724 at p ≤ 0.01. Corporate voluntary disclosure in the transitional economy significantly influences corporate performance. However, the volume of corporate voluntary reporting in energy-related disclosure and climate-related disclosure is minimal, as the mean is only 2.21% and 2.31%. This implies that the government of the transitional economy may focus on persuading corporations to disclose additional information besides mandatory disclosure. In addition, indirect determinant of corporate performance, like corporate voluntary disclosure, brings sustainability to corporate performance, which further assists the transitional economy in shifting its economic status from one dimension to another. AcknowledgmentThe authors are very thankful to the Institute of Advanced Research, United International University, Bangladesh, for providing partial funds to complete this empirical study.This project is partially funded by the Institute for Advanced Research Publication Grant of United International University, Ref. No.: IAR-2024-Pub-069.

Evaluating the impact of internal control systems on corporate performance of Ghanaian banks: The moderating role of information technology

In today's fast-paced and unpredictable business landscape, companies need to embrace new strategies and innovations rooted in adaptable and flexible frameworks. This study examined how Internal Control Systems (ICS) and Information Technology influence the Corporate Performance of the listed banks on the Ghana Stock Exchange. The study followed a positivist approach and utilized quantitative methods to meet its objectives. Surveys were conducted using self-administered questionnaires, and data was collected through convenience and purposive sampling. Partial least squares regression with structural equation modelling was utilized to analyse the complex structural relationships between the variables. Additionally, the study explored the moderating role of Information Technology in enhancing the relationships between various dimensions of ICS and corporate performance. The results emphasize the importance of Information Technology and control activities within ICS, evidenced by their positive correlation with corporate performance. It also highlights the significance of monitoring activities in detecting and preventing fraudulent activities, errors, and inefficiencies. Our findings recommend policymakers, industry stakeholders, and entrepreneurs in the banking sector to prioritize and create a conducive regulatory environment for robust ICS implementation in listed banks in Ghana.

Conceptualise the model of creating shared value, organisational performance and the mediating role of change management

Orientation: This research conceptualised the effect of implementing creating shared value concept on organisational performance for the companies in the oil and gas sector in United Arab Emirates (UAE) and introduced the role of change management as mediating factor.Research purpose: The research aims to illustrate the influence of applying creating shared value (CSV) strategies on corporate organisational performance and craft the impact of change management practices on these organisations.Motivation for the study: This study was carried out after spotting the gap and inconsistency pattern in academic literature for the concept of adopting creating shared value as ecological and practical strategies to tackle the unprecedented challenges in the oil and gas sector after unprecedented crisis occurred.Research approach/design and method: The study adopted conceptual analysis as theoretical research methodology that focused on examining and clarifying the definitions, meanings and utilisation of study key variables within a certain field, hence it aimed to ensure the consistent and accurate application of these concepts.Main findings: This study successfully conceptualised the effect of CSV on organisational performance (OP). In addition, this study conceptualised the role of organisational change management (OCM) as a mediating variable on the relationship between CSV and organisational financial performance.Practical/managerial implications: This research crafted the dynamic flow chart for the variables that affect the organisational performance in the oil sector that led to enriching the understanding and prospects of managers and executives to utilise that model among their organisations.Contribution/value-add: This is the first study to enhance the perceptions of factors that influence corporate performance, especially among oil and gas companies in the UAE.

Dual Social Responsibility: The Pathway Effects and Mechanisms of Benevolent and Malevolent Actions on Firm Performance

ABSTRACTWhile doing good things, enterprises may also be subject to subjective or unintentional behaviors of doing bad things, and corporate performance is comprehensively affected by its dual social responsibility. Using data from A‐share listed companies from 2010 to 2020, this paper, grounded in signaling theory, legitimacy theory, and stakeholder theory, analyzes the dual‐path effects, comprehensive effects, and boundary effects of corporate social responsibility (CSR) and corporate social irresponsibility (CSIR) on corporate performance. It innovatively introduces innovation efficiency as a mediating variable to examine its transmission mechanism and pathways in the influence of dual social responsibility on corporate performance. The study finds that CSR and CSIR have independent and heterogeneous effects on corporate performance, with the former exhibiting an inverted U‐shaped relationship with corporate performance and the latter consistently exerting a negative impact. The coexistence and interaction of CSR and CSIR have a comprehensive effect on corporate performance, where CSR performance can mitigate the negative impact of CSIR, and there exists a threshold effect. CSR has a nonlinear impact on innovation efficiency, and innovation efficiency plays a significant mediating role in the process of CSR and CSIR affecting corporate performance. The industrial environment competition plays a moderating role in the relationship between a company's dual social behavior and its performance. The higher the industrial environment competition, the more it will accelerate and intensify the negative impact of CSIR on corporate performance. Additionally, it will steepen the inverted U‐shaped curve of CSR influencing corporate performance and shift the inflection point to the left. This study not only extends the boundaries of research on the impact of CSIR on corporate performance but also provides insights for corporate social responsibility governance and ethical decision‐making in business.

ANALYSIS OF THE CORRELATION BETWEEN BUSINESS ECOSYSTEM AND ENTERPRISE PERFORMANCE UNDER THE BACKGROUND OF DIGITAL TRANSFORMATION

This study, grounded in the theory of the business ecosystem, investigates how the digital capabilities of Chinese high-tech manufacturing enterprises influence corporate performance. The study builds a chain effect model of "digital capabilities—value co-creation—network capabilities—corporate performance" and looks at how environmental uncertainty affects the model. We looked at Chinese high-tech manufacturing companies through a questionnaire survey and in-depth analysis. The study found that: (1) digital capabilities greatly enhance corporate performance through the mediating role of value co-creation and network capabilities; (2) environmental uncertainty has a moderating effect on the relationship between digital capabilities and corporate performance. This study enriches theoretical research on the relationship between digital transformation and corporate performance, providing theoretical guidance and practical inspiration for Chinese high-tech manufacturing enterprises to enhance their competitiveness in the digital economy era.

Global Companies’ Dynamic Response to Business Environment Uncertainty through Digital Transformation: Sustainable Digital Quality–Customer Value–Market Performance Relationships

This study examines the relationship between digital transformation and both the corporate image and brand awareness of global companies through the mediating effects of functional value, symbolic value, experiential value, emotional value, and social value, all of which are components of customer value. This study mainly focuses on the structural relationship in which digital quality, which is subdivided into system quality, information quality, and service quality, affects non-financial corporate image as a company with good corporate governance, a company that is good at social contribution activities, and an eco-friendly company through the mediating function of customer value. As part of the empirical analysis, an online survey was conducted among 504 employees from different global companies in China, and the PLS structural equation model was employed as a specific analysis tool. Key findings indicate that changes in system quality, information quality, and service quality resulting from digital transformation have varying influences on the five components of customer value. These factors also deliver the effect of improving corporate image in the ESG dimension by penetrating customers’ emotional and social values. Essentially, all components of dynamic capability significantly impact all components of customer value. Furthermore, all components of customer value influence corporate performance, while uncertainty affects a company’s market performance.

CORPORATE REPUTATION AND THE PATH FROM CSR TO PROFIT IN CHINA'S FOOD COMPANIES

The financial success of a business is closely tied to its ability to meet its social responsibilities towards its stakeholders, who contribute valuable resources to the business. Corporate Social Responsibility (CSR) is the embodiment of corporate social behaviour, which has an impact on both a company's reputation and its performance. The study seeks to examine the influence of fulfilling corporate social responsibility (CSR) on financial success, with a focus on the mediating effect of company reputation. In order to accomplish this objective, this study focuses on examining publicly traded companies in China's food market. By utilizing both domestic and foreign theoretical study findings and practical exploration experiences on corporate social responsibility (CSR), business reputation, and financial performance. This study employs the literature review method to elucidate the theoretical foundation that supports the research and uncover the mechanism by which corporate performance is enhanced by the fulfilment of social responsibility by listed businesses in the food industry in China. And find the intermediary role of corporate reputation and investigates the mechanisms and pathways through which social responsibility and corporate reputation influence corporate performance. The findings will help to enhance the current understanding of the relationship between corporate social responsibility (CSR) and financial success. Additionally, it will offer valuable insights for future research and practical applications in this field..

The impact of top management team members diversity on corporations’ performance and value: evidence from emerging markets

The study contributes to understanding the impact of top management team (TMT) member diversity on corporations’ performance and value in emerging markets. It examines three dimensions of diversity in TMT: gender, education, and foreign nationalities, providing insights into how these factors influence corporate performance and value. The study’s quantitative analysis of 70 non-financial corporations from Brazil, Egypt, India, Russia, Saudi Arabia, South Africa, and Turkey from 2013 to 2022 using cross-sectional unit analyzes helps establish empirical evidence on the relationship between TMT diversity and corporate performance in emerging markets. Study’s findings can inform corporations in emerging markets about the importance of promoting diversity in their top management teams to improve performance and value. The study found a significant impact of top management team diversity based on education and foreign nationalities but a non-significant impact on gender on some key performance indicators (KPIs). The study can explain the non-significant impact of gender according to shifting the prevailing theory from sexual selection theory to prospect theory. On the other hand, the study believes that the optimal mass of diversification, or the weight of members with diverse backgrounds, determines whether the impact of diversification is positive (it leads to increased creativity, innovation, problem-solving ability, talent attraction and retention, and employee engagement and productivity) or negative (it leads to increased organizational conflict and communication difficulties). If it is less than this mass, the benefits of diversity are limited, but if the mass is greater than it, the harms of diversity are greater than the benefits. The study also highlights the need for future research in the area of diversity in top management and provides a plan outlining steps to enhance diversity in top management teams.

ROLE OF WOMEN EMPLOYEES TOWARDS INVESTOR ANALYSIS IN THE POST-PANDEMIC ERA

The post-pandemic era has prompted significant changes in the global workforce, with a notable impact on women employees. This paper examined the role of women employees in shaping investor analysis, focusing on how gender diversity influences corporate performance, investment decisions, and long-term value creation. Women employees, particularly in leadership roles, contribute to organizational resilience, innovation, and sustainability. By assessing the role of women in the workforce and their influence on investor sentiment, this study highlights the interconnectedness between corporate diversity and financial growth in the post-pandemic context. The main objectives are to understand the role of gender diversity in corporate performance, governance, and long-term value creation. The selection of a research strategy is a crucial step in the research design process, as it dictates how relevant data for the study will be collected. The study utilized both primary and secondary data sources. Primary data was obtained through a questionnaire distributed via Google Forms, completed by a group of respondents. In addition, to build the theoretical and analytical framework, secondary data was sourced from various books, published materials, newspapers, journals, and websites. A sample size of 100 women was selected from an unlimited population. The researcher employed a random sampling method to choose the participants.

Large shareholders' stock selling and corporate performance: Evidence from China

This paper investigates whether and how large shareholders' stock selling influences corporate performance and conducts an empirical study using the data of Chinese A-share listed companies. The findings reveal that large shareholders' stock selling has a significant negative impact on corporate performance, primarily manifested through two paths that are intensifying agency conflicts and increasing financing constraints. Moreover, the negative effect is more pronounced in enterprises with more intense product market competition, non-state-owned enterprises, enterprises with lower ownership concentration, and those with higher equity balance degree. Further analysis confirms that cash dividends significantly mitigate the negative impact of large shareholders' stock selling on corporate performance, while share pledging significantly exacerbates the negative effect. Our findings suggest that governments should regulate the stock selling of large shareholders based on internal and external enterprise environments, while international investors should consider market information such as stock selling, dividends and pledging when optimizing their investment allocations.

A STUDY OF THE RELATIONSHIP BETWEEN CORPORATE SOCIAL RESPONSIBILITY, CORPORATE REPUTATION AND CORPORATE PERFORMANCE BASED ON INTERNAL EMPLOYEE SURVEY DATA

In the new era, assuming social responsibility has become a necessary consideration for corporate development. Existing studies suggest that fulfilling social responsibilities positively impacts corporate performance, while others argue it increases costs and has negative effects. Therefore, this article delves into the impact of corporate social responsibility (CSR) on corporate performance from the perspective of internal employees and explores the mediating role of corporate reputation between CSR and corporate performance. This theoretical research aims to enhance corporate performance by promoting CSR. The study employed literature analysis and questionnaire surveys to investigate employees within three Chinese smartphone companies: Xiaomi, OPPO, and Vivo. We verified the research hypotheses through correlation and regression analyses. The findings indicate that, firstly, the economic, legal, ethical, and charitable responsibilities of CSR positively influence corporate performance. Secondly, corporate reputation partially mediates the relationship between each dimension of CSR and corporate performance. Consequently, the study suggests that companies should establish a strategic CSR management mindset, considering fulfilling social responsibilities as a mission to drive sustainable development and thereby enhance corporate performance.

A Study on the Relationship between CEO Succession Based on Big Data Information Processing Technology and Corporate Performance

The recognition of data elements as a crucial production factor in China in 2019 highlights the rising importance of leveraging data assets. The pivotal role of big data information processing technology in economic and financial realms cannot be understated. CEO succession is a pivotal event that heavily influences a company’s performance. However, past research on the correlation between CEO succession and corporate performance has yielded inconclusive results. This study addresses this gap by employing advanced analytical models, namely propensity score matching and difference-in-differences techniques, grounded in the realm of big data information processing technology to explore the intricate relationship between CEO succession and corporate performance. By analyzing data from A-share listed companies spanning from 2014 to 2021, noteworthy insights have emerged. Firstly, a notable negative correlation between CEO succession and corporate performance has been observed, affirming the notion of a “disruptive effect” associated with CEO transitions, leading to a decline in corporate performance. Furthermore, the study sheds light on the multi-faceted nature of factors influencing corporate performance, cautioning against attributing poor performance solely to the CEO. Consequently, enhancing corporate performance demands a nuanced approach that goes beyond mere CEO replacements, emphasizing a holistic strategy encompassing various avenues for improvement.

Improving Corporate Performance through Stakeholder-Based ESG Practices

In the context of escalating concerns over environmental issues and global warming, consumers and investors increasingly prioritize corporate sustainability and social responsibility. To bolster corporate image and competitiveness, many companies integrate Environmental, Social, and Governance (ESG) principles into their strategic frameworks. While existing research has established a positive link between robust ESG practices and improved financial performance—attributed to factors such as enhanced reputation, cost reduction, and effective risk management—the precise mechanisms of this relationship remain unclear. This study aims to enhance understanding by exploring how ESG considerations impact stakeholders and influence corporate performance. Empirical evidence underscores that commendable ESG performance yields favorable outcomes for all key stakeholders. Simultaneously, the research examines the reciprocal relationship where executive behavior significantly influences ESG ratings. Through this investigation, it aims to provide additional insights into the intricate interplay between ESG, stakeholders, and corporate performance, contributing to a nuanced comprehension of this crucial nexus.

Effect of Management Efficiency on Performance of Listed Consumer Goods Companies in Nigeria

The objective of this study is to examine the effect of management efficiency on performance of listed consumer goods companies in Nigeria. The study adopted Ex-post facto research design. The population of this study consists of the whole 21 listed consumer goods firms in Nigerian Exchange Limited as at 31st December, 2021. The study used 16 firms out of the total population as the sample size. The study used secondary data, secondary data used were collected from annual reports of the sampled companies for seven years period from 2015-2021. Ordinary Least Square Regression model was developed to test the linear relationship between the dependent and independent variables. It was operated using STATA version 15. The results of the Ordinary Least Square Regression revealed that, Account receivable turnover, Inventory turnover, Non-current assets turnover and Operating expenses was found to have positive and significant influence on our dependent variable(firm performance), proxy as EPS among the quoted consumer goods firms in Nigeria. The study concluded that the four variables that were examined have a joint effect on the corporate performance, that is, management efficiency influence corporate performance in Nigeria

Does effectiveness of internal corporate governance and top management influence corporate performance The role of ownership concentration

Does effectiveness of internal corporate governance and top management influence corporate performance The role of ownership concentration

Does Effectiveness of Internal Corporate Governance and Top Management Influence Corporate Performance The Role of Ownership Concentration

Does Effectiveness of Internal Corporate Governance and Top Management Influence Corporate Performance The Role of Ownership Concentration

Capital Structure, Firm Performance and Risk Exposure: New Evidence from OECD Countries

Optimal capital structure is a key tool to take advantage of the trade-offbetween firm performance and risk. Based on this, we examine how optimalcapital structure influences corporate performance and risk exposure.We use a strong-balanced panel of 3,344 firm-year observations from 10different OECDcountries for 2006–2016. Results reveal that firms havingshort-term debt normally experience high accounting-based performancewhile lowering market-based performance, firms using long-term and totaldebt are largely exposed to decreased accounting and market-based performance.The higher the long-term and total debt, the greater the chancesthat firms become vulnerable to insolvency risk. Findings are robust acrossalternative indicators of capital structure, firm performance and risk, alternativemodel development and the two-step system GMM estimator tocontrol endogeneity issues. This research will be of importance to firmmanagers and policymakers in designing an appropriate capital structurefor maximizing firm performance while minimizing debt-taking risks.