The Role of Institutional and Governmental Ownership in Shaping Corporate ESG Performance
摘要
Environmental and social governance practices have become increasingly important for firms, but the factors affecting their adoption are poorly understood. This study examines how institutional and government ownership structures influence corporate ESG performance. Based on data from a cross-sectional study of the Middle East, the findings reveal that institutional ownership is positively associated with advanced ESG practices, indicating that institutional investors play a role in corporate accountability in the promotion of. In contrast, government ownership has little effect on ESG performance. These results contribute to the limited prior research on the relationship between ownership strategy and ESG commitment and provide insights for policymakers and managers seeking to understand the factors that drive the sustainability of corporate practices there thanked him. The study highlights the value of institutional ownership in motivating firms to adopt more robust ESG strategies, with implications for corporate decision-making and public policy aimed at promoting environmentally responsible business practices and encourage social responsibility.