Delving into the influence of sustainability strategy: Exploring the influence of sustainability committees on company performance
基于2015-2021年全球上市公司面板数据，研究发现真正实施的可持续发展战略能显著提升公司绩效，且效果受股权分散结构和董事会独立性影响，不同行业存在差异。
Abstract This research delves into the connection between companies' adoption of sustainability strategies and the consequent effects this has on their overall performance. Based on a global panel of companies listed between 2015 and 2021, utilizing panel data analysis with fixed effects regression, the findings indicate that a genuinely implemented sustainable strategy significantly contributes to the enhancement of firm performance. Moreover, the efficacy of the sustainable strategy is shaped by its incorporation into ownership structures characterized by dispersed ownership, highlighting the pivotal role of board independence in fostering value creation. The study reveals variations specific to each sector, challenging the applicability of a universal approach across all industries. The findings highlight the importance of these approaches in cultivating favorable environmental results, emphasizing the vital links between environmentally sustainable business practices, strategic decision‐making, and their impact on the environment.