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Do ESG and Diversity Scores Predict Global Firms’ Environmental Innovation?     
Yazarlar
Mehmet Bahri Saydam
Eastern Mediterranean University, Turkey
Victor Oluwafemi Olorunsola
Eastern Mediterranean University, Turkey
Hasan Evrim Arici
Kastamonu University, Turkey
Mehmet Ali Koseoglu
Metropolitan State University, United States
Özet
Environmental innovation (EI) is fundamental to sustainable development goal (SDG) number 9. Indirectly, it contributes to the achievement of SDG 7 by laying the groundwork for producing renewable energy. Firms involve environmental, social, and governance (ESG) and diversity practices to achieve sustainable success. ESG and diversity scores on EI need to be predicted, yet EI predictors are few in the research. Our institutional theory-based study examines whether ESG and diversity scores influence EI scores in multinational organizations. The dataset comprises information from the Refinitiv Eikon database, including 430 publicly traded firms worldwide throughout 2021. The results of our study indicate that the environmental pillar score, ESG, and workforce score are the three most significant factors for calculating enterprises’ EI scores. This research provides valuable insights into enhancing sustainability practices and fostering innovation in global firms, offering a practical roadmap for businesses striving to achieve these objectives.
Anahtar Kelimeler
diversity | environmental innovation | environmental, social, and governance scores | global firms | machine learning
Makale Türü Özgün Makale
Makale Alt Türü SCOPUS dergilerinde yayımlanan tam makale
Dergi Adı Journal of Environment and Development
Dergi ISSN 1070-4965
Makale Dili İngilizce
Basım Tarihi 01-2024
Sayı 1
Doi Numarası 10.1177/10704965241238292
BM Sürdürülebilir Kalkınma Amaçları
Atıf Sayıları
Do ESG and Diversity Scores Predict Global Firms’ Environmental Innovation?

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