Research Article
The Impact of Voluntary Environmental Regulation on Firm ESG Performance: the Moderating Role of Competitive Strategy
@INPROCEEDINGS{10.4108/eai.27-10-2023.2342033, author={Yi You}, title={The Impact of Voluntary Environmental Regulation on Firm ESG Performance: the Moderating Role of Competitive Strategy}, proceedings={Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27--29, 2023, Tianjin, China}, publisher={EAI}, proceedings_a={ICEMBDA}, year={2024}, month={1}, keywords={voluntary environmental regulation esg performance competitive strategy}, doi={10.4108/eai.27-10-2023.2342033} }- Yi You
Year: 2024
The Impact of Voluntary Environmental Regulation on Firm ESG Performance: the Moderating Role of Competitive Strategy
ICEMBDA
EAI
DOI: 10.4108/eai.27-10-2023.2342033
Abstract
China has achieved historic strides in both its social and economic development. Nevertheless, in the process of economic expansion, numerous issues with governance and environmental harm have arisen, such as excessive emissions from manufacturing companies, regular safety incidents and disarray in internal management. The environmental, social, and governance (ESG) performance of businesses is now a crucial indicator of sustainable and green development. Green transformation is also inseparable from government support, which guiding enterprises to take the initiative to assume the social responsibility of environmental protection.As an innovative policy, voluntary environmental regulation has attracted more and more attention. At the same time, different types of competitive strategies play an important guiding role in environmental regulation and ESG performance. This paper takes A-share listed manufacturing enterprises from 2012 to 2021 as the research object. Through multiple regression analysis and robustness test, the results show that voluntary environmental regulation can promote the ESG performance of manufacturing enterprises.and the adjustment mechanism test shows that different competitive strategies will affect the relationship between voluntary environmental regulation and ESG performance.