文献类型：期刊文献

英文题名：Institutional pressures, attention allocation, and corporate ESG performance

作者：Shi, Qingrui[1];Mai, Yong[1]

机构：[1]East China Univ Sci & Technol, Business Sch, 130 Meilong Rd, Shanghai 200237, Peoples R China

年份：2025

卷号：386

外文期刊名：JOURNAL OF ENVIRONMENTAL MANAGEMENT

收录：;EI(收录号：20252018424206);WOS:【SCI-EXPANDED(收录号:WOS:001494699800001)】；

基金：This work was supported by the Major Research Program of National Natural Science Foundation of China (Grant No. 92146002) and by the late-stage funded projects of the National Social Science Fund of China (Grant No. 20FJYB057) .

语种：英文

外文关键词：Institutional pressures; ESG performance; ESG attention; Organizational slack; Machine learning

摘要：As the institutional environment becomes increasingly complex, firms are facing greater external institutional pressures in their environmental, social, and governance (ESG) practices. This study examines the relationship between various institutional pressures-coercive, normative, and imitative-and the ESG performance of Chinese A-share listed companies between 2011 and 2021. The findings show that coercive, normative, and imitative pressures significantly contribute to corporate ESG performance, with these results holding after a series of robustness tests. The mechanism analysis reveals that these pressures enhance ESG performance by increasing ESG attention, with organizational slack positively moderating this process. Heterogeneity analysis shows that multiple institutional pressures have a greater impact on the ESG performance of non-state-owned companies, non-heavy polluters, and low-profit firms. This study expands the analysis of the consequences of external institutional pressures on firms' behavior and decision-making, as well as the study of mechanisms for sustainable and high-quality development. It also has important theoretical and policy implications for the practice of ESG responsibilities by firms.