Environmental, social, and governance and corporate efficiency: mediating role of R&D in achieving sustainable development goals

We examine whether and how research and development (R&D) mediates the association between environmental, social, and governance (ESG) pillars and corporate efficiency among companies within the supply chain of Microsoft Corporation from 2012 to 2020. An estimation of corporate efficiency using...

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Bibliographic Details
Published inApplied economics Vol. 56; no. 51; pp. 6347 - 6359
Main Authors Kweh, Qian Long, Ting, Irene Wei Kiong, Ren, Chunya, Lu, Wen-Min
Format Journal Article
LanguageEnglish
Published London Routledge 01.11.2024
Taylor & Francis Ltd
Subjects
corporate efficiency
Data envelopment analysis
Economic analysis
Environmental governance
Environmental, social, and governance (ESG)
Governance
Microsoft Corporation
Profitability
R&D
R&D intensity
Research & development
Supply
Sustainability
Sustainable development
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Summary:We examine whether and how research and development (R&D) mediates the association between environmental, social, and governance (ESG) pillars and corporate efficiency among companies within the supply chain of Microsoft Corporation from 2012 to 2020. An estimation of corporate efficiency using data envelopment analysis (DEA) indicates that companies should first improve their innovational efficiency (mean DEA score = 0.371), then operational efficiency (mean DEA score = 0.659), and finally profitability efficiency (mean DEA score = 0.695). Moreover, a mediation analysis confirms the mediating role of R&D intensity. Overall, R&D should be one of the spotlights in the supply chain amidst the highlights on ESG in this dynamic and challenging business world for companies to achieve sustainable development goals.
ISSN:0003-6846
1466-4283
DOI:10.1080/00036846.2023.2273239