 Business strategy heterogeneity and ESG disclosureMan Dang, Premkanth Puwanenthiren, Edward Jones, Viet Anh Hoang, Thieu Quang Nguyen and Huu Cuong Nguyen International Review of Economics & Finance, 2025, vol. 100, issue C Abstract: Our study investigates the influence of business strategy heterogeneity on corporate sustainability, measured by the Bloomberg ESG disclosure scores. Using a dataset of 6,976 observations from U.S. non-financial firms over the 2005–2019 period, we find a significant negative relationship between firms adopting a prospector strategy and their ESG disclosure scores. Firms emphasizing aggressive growth, innovation, and risk-taking tend to have lower ESG scores compared to those with defender and analyzer strategies. Further, the negative association between a prospector strategy and ESG scores intensifies under weaker information and governance frameworks and during periods of increased uncertainty. As COP28 promotes global collaboration on climate action, this study highlights the need for businesses to realign their strategies with the global sustainability agenda. Keywords: Business strategy heterogeneity; Corporate sustainability; ESG disclosure; Policy uncertainty; SDGs; COP28 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:100:y:2025:i:c:s1059056025002813 DOI: 10.1016/j.iref.2025.104118 Access Statistics for this article International Review of Economics & Finance is currently edited by H. Beladi and C. Chen More articles in International Review of Economics & Finance from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.