Hembang Nugraha
STIE Kasih Bangsa

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

ESG Performance and Its Impact Pathways: A Qualitative Systematic Literature Review of Theoretical and Empirical Mechanisms Erwin E. Kadar Slamet; Hembang Nugraha
Journal of Economic and Leadership Vol. 3 No. 1 (2026): March : Journal of Economic and Leadership
Publisher : LPPM STIE Kasih Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70142/jbl.v3i1.66

Abstract

This study examines the theoretical and empirical mechanisms through which Environmental, Social, and Governance (ESG) performance influences corporate and sustainability outcomes. Using a qualitative systematic literature review, the study synthesizes relevant theoretical and empirical evidence on ESG performance, its antecedents, mediating mechanisms, moderating conditions, and organizational outcomes. The findings indicate that ESG performance does not generate value through a single direct pathway but operates through interconnected stakeholder, information and disclosure, financial, innovation, risk-management, managerial, governance, and institutional mechanisms. Green innovation, stakeholder trust, corporate reputation, access to finance, reduced information asymmetry, and risk mitigation emerge as important impact pathways. The synthesis also demonstrates that ESG outcomes are context dependent and influenced by managerial characteristics, firm attributes, institutional environments, measurement approaches, and economic conditions. The study contributes a mechanism-oriented framework that explains how ESG performance can create value, strengthen organizational resilience, stimulate innovation, and support sustainable corporate development.