Jul 2026· Business Strategy & Development· Vol 9· 0 citations· 83 references
Abstract
This study conducts a systematic literature review to assess the complex relationship between market competition and Environmental, Social, and Governance (ESG) performance. Using the PRISMA framework, 45 peer‐reviewed articles (2002–2025) are analyzed through the TCCM (Theory–Context–Characteristic–Methodology) framework. The findings show that the impact of competition on ESG is conditional rather than uniform. Competition can enhance ESG through differentiation, innovation, and legitimacy, but can also constrain it through cost pressures and managerial short‐termism. Market competition further acts as a contextual moderator, shaping how individual characteristics, firm characteristics, governance, and institutional environments influence ESG outcomes. These results suggest that ESG should be understood as a strategic response to competitive and institutional conditions, rather than a standardized one‐size‐fits‐all approach or compliance‐driven activity.
Environmental, social, and governance (ESG) performance serves not only as a response to urgent climate risks but also as a strategic tool for sustainable value creation. However, the rise in greenwashing suggests gaps in existing governance frameworks. This study examines the Fair Competition Review System (FCRS), a...
Zhen Wang· Business Ethics, the Environ...· 0 citations
Sustainable development is increasingly reshaping corporate strategies, particularly in emerging markets such as India, where environmental, social, and governance (ESG) integration has become pivotal for long‐term value creation. This study examines the impact of ESG performance on firm outcomes for Nifty 500 firms...
Rizwana Khurshid, A. Islam· Business Strategy & Deve...· 0 citations
Over the past few years, the need for disclosing non-financial information has increased significantly, particularly regarding Environmental, Social, and Governance (ESG) aspects, as investors increasingly seek transparency in corporate practices beyond conventional financial reporting. This study aimed to analyze the...
Kevindra Adityananda Galih Prakasa, S. Hadi, Andik Wijayanto· Journal of social research· 0 citations
This study examines the effect of Environmental, Social, and Governance (ESG) performance on firm value in the banking sector and investigates whether banking-specific ESG context moderates this relationship. Using panel data from 133 bank-year observations covering 26 banks during 2019–2024, the study employs panel re...
Dadang Agus Suryanto· International Journal of Eco...· 0 citations
This study examines whether environmental, social, and governance (ESG) performance enhances firm value in China’s A-share market, how this relationship operates, and under what conditions it becomes stronger. Drawing on stakeholder theory, the natural resource-based view, and the dynamic capabilities perspective, this...
Dan Wang, Anis Suriati Binti Ahmad, Nur Amirah Binti Borhan· Journal of Risk and Financia...· 0 citations
Although environmental, social and governance (ESG) factors have gained increasing prominence in the formulation of corporate strategies, analysis of investments, and financial decision-making, there is still no consensus about the influence of good ESG performance on corporate value despite the large body of research...
S. Thasneem, Md Kassim Aza Azlina· International Journal Of Rec...· 0 citations
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