Work

Optimizing performance through sustainability: the mediating influence of firm liquidity on ESG efficacy in African enterprises

Year: 2024

Type: article

Abstract: This study employs a linear regression model to investigate the relationship between ESG performance, liquidity, and firm performance of African-listed firms covering a period from 2013 to 2022. The results indicate that liquidity is a significant mediating factor influencing the association between ESG performance on firm performance. Furthermore, the outcome suggests that augmenting the ESG performance of listed companies enhances firm performance. Robustness tests also corroborate the postulation that firms with higher liquidity improve ESG performance and enhance overall firm performance. This study offers important insights to corporate governors, listed firms, and investors.

Source: Cogent Business & Management

DOI: 10.1080/23311975.2024.2423273

Authors: Suzan Dsouza, Mujtaba Momin, Houshang Habibniya, Naliniprava Tripathy

Institutions: American University of the Middle East, Indian Institute of Management Shillong

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $1,165