RESEARCH ON THE RULES OF ESG PERFORMANCE AND VALUE CREATION BASED ON ROUGH SETS

• DOI: 10.3846/jbem.2023.20631
• Publication Date: 2024-01-09T11:09:05Z
• Authors: Xue Hu; Weidong Zhu; Chao Zhang; Tianjiao Zhang; Chen Zhang
• Keywords: Value (mathematics); Stock (firearms); Stakeholder Theory; Sustainable Value

In the context of global sustainable development, relationship between environmental, social responsibility, and governance (ESG) performance multi-stakeholder value creation has been widely discussed. However, there is a complex causal ESG creation, many firm characteristics are involved, no systematic study on them. this study, we aim to explore joint role firms’ internal external in relationship, how three components act through their various configurations. To identify relationships among variables, introduces rough sets method describe these configuration by generating rules. We use China’s 300 CSI-listed companies Shanghai Shenzhen Stock Exchanges from 2015 2020 as research samples find that firms with good more likely have high-efficiency creation; moreover, exists only specific characteristics. Additionally, different combinations may differential impact four configurations generate creation. This contributes guiding strengthen practices rationally allocate resources.