Environmental, social, and governance and corporate efficiency: Mediating role of R&D in achieving sustainable development goals

Kweh, Qian Long and Ting, Irene Wei Kiong and Ren, Chunya and Lu, Wen-Min (2023) Environmental, social, and governance and corporate efficiency: Mediating role of R&D in achieving sustainable development goals. Applied Economics. pp. 1-13. ISSN 0003-6846. (In Press / Online First) (In Press / Online First)

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DOI/Official URL: https://doi.org/10.1080/00036846.2023.2273239

Abstract

We examine whether and how research and development (R&D) mediates the association between environmental, social, and governance (ESG) pillars and corporate efficiency among companies within the supply chain of Microsoft Corporation from 2012 to 2020. An estimation of corporate efficiency using data envelopment analysis (DEA) indicates that companies should first improve their innovational efficiency (mean DEA score = 0.371), then operational efficiency (mean DEA score = 0.659), and finally profitability efficiency (mean DEA score = 0.695). Moreover, a mediation analysis confirms the mediating role of R&D intensity. Overall, R&D should be one of the spotlights in the supply chain amidst the highlights on ESG in this dynamic and challenging business world for companies to achieve sustainable development goals.

Item Type:	Article
Additional Information:	Indexed by Scopus
Uncontrolled Keywords:	Corporate efficiency; Data envelopment analysis; Environmental, social, and governance (ESG); Microsoft Corporation; R&D intensity
Subjects:	H Social Sciences > HG Finance
Faculty/Division:	Faculty of Industrial Management Institute of Postgraduate Studies
Depositing User:	Dr. Irene Ting Wei Kiong
Date Deposited:	12 Dec 2023 07:37
Last Modified:	19 Feb 2024 00:59
URI:	http://umpir.ump.edu.my/id/eprint/39536
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