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All Journal Emerging Science Journal
Lakkanawanit, Pankaewta
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Environmental Science

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Journal : Emerging Science Journal

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Green Technology Innovation and Corporate Reputation: Key Drivers of ESG and Firm Performance Chen, Xiyi; Lakkanawanit, Pankaewta; Suttipun, Muttanachai; Swatdikun, Trairong; Huang, Shi-Zheng
Emerging Science Journal Vol 8, No 6 (2024): December
Publisher : Ital Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28991/ESJ-2024-08-06-021

Abstract

The purpose of this study is to investigate the impact of Environmental, Social, and Governance (ESG) performance and firm performance within China's manufacturing sector, with a novel focus on the mediating effect of green technology innovation and the moderating influence of corporate reputation. Using a 2011-2022 dataset from A-share listed manufacturing companies on the Shanghai and Shenzhen Stock Exchanges, the study employs multiple regression analysis with a two-way fixed-effects model to examine these relationships. Findings indicate that robust ESG practices significantly enhance company performance, mediated by green technological innovation. However, a negative moderating effect of corporate reputation suggests that higher corporate reputation weakens the ESG-financial performance relationship. Further analyses reveal that privately-owned firms, those in China's eastern region, and environmentally sustainable industries benefit most from strong ESG initiatives. This study addresses the challenge of disentangling key variables by analyzing their interconnected effects. The findings fill a gap in the existing literature by contributing to a deeper understanding of the relationship between ESG and corporate success, particularly through the mediating role of innovation and the moderating influence of reputation. Additionally, the study provides practical recommendations for managers and policymakers to enhance ESG strategies, promote growth, and support sustainable development. Doi: 10.28991/ESJ-2024-08-06-021 Full Text: PDF
The Performance Impact of Management Control Systems: Assessing the Mediating Role of Organizational Culture Lyu, Chunchun; Swatdikun, Trairong; Lakkanawanit, Pankaewta; Issayeva, Gulmira
Emerging Science Journal Vol. 9 No. 6 (2025): December
Publisher : Ital Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28991/ESJ-2025-09-06-010

Abstract

This research examines the dual-pathway impact of Management Control Systems (MCS) on Company Performance (CP) in China’s liquor industry, with a focus on the mediating role of Organizational Culture (OC). The research aims to address gaps in understanding how MCS enhances both financial and non-financial performance through cultural mechanisms, a critical yet underexplored dynamic in heritage-based industries. Employing a mixed-methods approach, the research analyzes survey data from 497 firms using Structural Equation Modeling (SEM) and mediation analysis to test three hypotheses: (1) MCS directly improves CP, (2) MCS fosters OC, and (3) OC mediates the MCS-CP relationship. Key findings reveal that MCS significantly boosts CP (β=0.438, p<0.001), while OC partially mediates this relationship (indirect effect β=0.249, p<0.001). The novelty lies in demonstrating how MCS transcends operational efficiency to shape cultural assets, which in turn drive competitive advantage. This research advances contingency theory by highlighting sector-specific adaptations, such as digital MCS tools balancing tradition with market responsiveness, and offers practical insights for integrating control systems with cultural stewardship in traditional industries.
Co-Authors Chen, Xiyi Huang, Shi-Zheng Issayeva, Gulmira Lyu, Chunchun Suttipun, Muttanachai Swatdikun, Trairong