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Sustainability, ESG Ratings and Corporate Performance in the Manufacturing Sector: A Research Review

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  • POPESCU Consuela-Elena
  • PENTESCU Alma
  • SHIVAROV Aleksandar

Abstract

Normal 0 21 false false false EN-GB X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; text-align:center; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Calibri",sans-serif; mso-bidi-font-family:"Times New Roman"; mso-ansi-language:EN-US; mso-fareast-language:EN-US;} The objective of this study is to provide insight into the broad topic of sustainability, as encompassed by ESG ratings and scores, and its influence on the performance of companies at a global scale, with a focus on the manufacturing sector. This study involves a thorough examination of existing literature and a detailed bibliometric analysis, providing valuable insights about the progression of scientific papers related to this subject matter. The bibliometric technique refers to a quantitative examination of publications that is primarily concerned with the utilization of information functions in relation to the advancement of research within a specific field. The present study utilizes the Scopus database and the VOSviewer visualization tool to show the outcomes derived from a comprehensive analysis of pertinent literature and bibliometric evaluation of scholarly publications pertaining to the relationship between sustainability, ESG ratings, and business value. The work shows that although the concept of ESG has been around for decades, businesses and institutions have begun to take issues related to it seriously in the 2010s. Since 2009 there was an exponential increase in the number of papers published until 2023.

Suggested Citation

  • POPESCU Consuela-Elena & PENTESCU Alma & SHIVAROV Aleksandar, 2023. "Sustainability, ESG Ratings and Corporate Performance in the Manufacturing Sector: A Research Review," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
    • Handle: RePEc:jis:ejistu:y:2023:i:02:id:533
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    References listed on IDEAS

    as
    1. Yujuan Wu & Jacquline Tham, 2023. "The Impact of Executive Green Incentives and Top Management Team Characteristics on Corporate Value in China: The Mediating Role of Environment, Social and Government Performance," Sustainability, MDPI, vol. 15(16), pages 1-23, August.
    2. Alexandra Horobet & Irina Mnohoghitnei & Dan Gabriel Dumitrescu & Stefania Cristina Curea & Lucian Belascu, 2022. "An Empirical Assessment of the Financial Development – Environmental Quality Nexus in the European Union," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(61), pages 613-613, August.
    3. Bohyun Yoon & Jeong Hwan Lee & Ryan Byun, 2018. "Does ESG Performance Enhance Firm Value? Evidence from Korea," Sustainability, MDPI, vol. 10(10), pages 1-18, October.
    4. Xuemeng Guo & Ke Guo & Lingpeng Kong, 2023. "Industrial Agglomeration and Corporate ESG Performance: Empirical Evidence from Manufacturing and Producer Services," Sustainability, MDPI, vol. 15(16), pages 1-23, August.
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    More about this item

    Keywords

    Sustainability; ESG score; corporate performance; manufacturing;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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