Year: 2025
Type: article
Abstract: Xie et al. (2026) revisit the longstanding question of how corporate sustainability relates to financial performance and introduce inclusive wealth (IW)-a composite measure of produced, human, and natural capital-as a country-level moderator.Their study highlights the heterogeneity across countries and empirically documents that the association between sustainability and financial performance is positively moderated by IW.Below, I discuss how this study contributes to the literature, how prior analytical models help interpret the empirical findings, and several empirical caveats, as well as potential ways to address these concerns.
Source: Asian Economic Policy Review
DOI: 10.1111/aepr.70012
Author: Yuxia Zou
Institution: Nanyang Technological University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $2,710
OpenAlex ID: W4414511800