ESG performance drivers and corporate growth: a life-cycle-based fsQCA–PSM study of China’s construction and manufacturing enterprises
This study adopts a multi-perspective TOE framework and integrates Necessary Condition Analysis (NCA), fuzzy-set Qualitative Comparative Analysis (fsQCA), and Propensity Score Matching (PSM) to investigate how technological, organizational, and environmental factors jointly influence ESG performance...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2025-06-01
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| Series: | Journal of Asian Architecture and Building Engineering |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/13467581.2025.2517911 |
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| author | Ding Li Han Yan Shenglin Ma |
| author_facet | Ding Li Han Yan Shenglin Ma |
| author_sort | Ding Li |
| collection | DOAJ |
| description | This study adopts a multi-perspective TOE framework and integrates Necessary Condition Analysis (NCA), fuzzy-set Qualitative Comparative Analysis (fsQCA), and Propensity Score Matching (PSM) to investigate how technological, organizational, and environmental factors jointly influence ESG performance and firm growth. Using a sample of construction and manufacturing firms in China, we find: (1) ESG improvements result from the synergy of multiple factors. Four causal paths are identified: H1a (digital transformation + R&D investment + marginal firm size), H1b (digital transformation + financial performance + government subsidies + marginal industry competition), H2 (R&D investment + financial performance + marginal firm size), and H3 (financial performance + industry competition). These form three configuration types: internal–external collaboration, proactive development, and self-reliance under external pressure. (2) The configurations display causal asymmetry, with a single-factor-driven model linked to poor ESG outcomes. (3) The impact on growth varies: the self-reliance model consistently promotes growth; the other two hinder it during early stages but enhance it in maturity. In the decline phase, only internal–external collaboration remains effective. This research advances ESG understanding and informs strategies for enterprise growth. |
| format | Article |
| id | doaj-art-be3e655d99d4465bb207426cd1e1f1b4 |
| institution | DOAJ |
| issn | 1347-2852 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Journal of Asian Architecture and Building Engineering |
| spelling | doaj-art-be3e655d99d4465bb207426cd1e1f1b42025-08-20T03:21:56ZengTaylor & Francis GroupJournal of Asian Architecture and Building Engineering1347-28522025-06-010011810.1080/13467581.2025.25179112517911ESG performance drivers and corporate growth: a life-cycle-based fsQCA–PSM study of China’s construction and manufacturing enterprisesDing Li0Han Yan1Shenglin Ma2Heilongjiang Bayi Agricultural UniversityHebei University of Economics and BusinessNorth University of ChinaThis study adopts a multi-perspective TOE framework and integrates Necessary Condition Analysis (NCA), fuzzy-set Qualitative Comparative Analysis (fsQCA), and Propensity Score Matching (PSM) to investigate how technological, organizational, and environmental factors jointly influence ESG performance and firm growth. Using a sample of construction and manufacturing firms in China, we find: (1) ESG improvements result from the synergy of multiple factors. Four causal paths are identified: H1a (digital transformation + R&D investment + marginal firm size), H1b (digital transformation + financial performance + government subsidies + marginal industry competition), H2 (R&D investment + financial performance + marginal firm size), and H3 (financial performance + industry competition). These form three configuration types: internal–external collaboration, proactive development, and self-reliance under external pressure. (2) The configurations display causal asymmetry, with a single-factor-driven model linked to poor ESG outcomes. (3) The impact on growth varies: the self-reliance model consistently promotes growth; the other two hinder it during early stages but enhance it in maturity. In the decline phase, only internal–external collaboration remains effective. This research advances ESG understanding and informs strategies for enterprise growth.http://dx.doi.org/10.1080/13467581.2025.2517911esg performancetoe frameworkconfigurational analysislife cycle theorycorporate growth potential |
| spellingShingle | Ding Li Han Yan Shenglin Ma ESG performance drivers and corporate growth: a life-cycle-based fsQCA–PSM study of China’s construction and manufacturing enterprises Journal of Asian Architecture and Building Engineering esg performance toe framework configurational analysis life cycle theory corporate growth potential |
| title | ESG performance drivers and corporate growth: a life-cycle-based fsQCA–PSM study of China’s construction and manufacturing enterprises |
| title_full | ESG performance drivers and corporate growth: a life-cycle-based fsQCA–PSM study of China’s construction and manufacturing enterprises |
| title_fullStr | ESG performance drivers and corporate growth: a life-cycle-based fsQCA–PSM study of China’s construction and manufacturing enterprises |
| title_full_unstemmed | ESG performance drivers and corporate growth: a life-cycle-based fsQCA–PSM study of China’s construction and manufacturing enterprises |
| title_short | ESG performance drivers and corporate growth: a life-cycle-based fsQCA–PSM study of China’s construction and manufacturing enterprises |
| title_sort | esg performance drivers and corporate growth a life cycle based fsqca psm study of china s construction and manufacturing enterprises |
| topic | esg performance toe framework configurational analysis life cycle theory corporate growth potential |
| url | http://dx.doi.org/10.1080/13467581.2025.2517911 |
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