Environmental, Social, and Governance Performance, Platform Governance, and Value Creation of Platform Enterprises

Ruixin Su and Na Li ()
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Ruixin Su: School of Economics and Management, Chang’an University, Middle Section of Nan Er Huan Road, Xi’an 710064, China
Na Li: School of Economics and Management, Chang’an University, Middle Section of Nan Er Huan Road, Xi’an 710064, China

Sustainability, 2024, vol. 16, issue 17, 1-21

Abstract: Under the concepts of sustainable development and a sharing economy, the ESG performance of platform enterprises has played a significant role in measuring the operating status and responsible investment of platform enterprises. Platform enterprises have different typical characteristics from traditional enterprises. The mechanisms of ESG and financial performance needs to be further explored. The empirical analysis finds that: (1) the ESG performance of platform enterprises and its S index and G index has a positive impact on corporate financial performance. (2) Media attention plays a positive moderating role between the ESG and ROA. (3) Platform data governance and platform reputation governance are two internal and external paths for platform enterprises’ ESG performance to improve financial performance. (4)There is heterogeneity in the relationship between ESG and ROA in terms of platform enterprise scale and platform type. Based on the above conclusions, this paper provides reference experience for the ESG governance and value creation of platform enterprises.

Keywords: ESG performance; platform enterprises; financial performance; platform reputation governance; platform data governance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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