Exploring the Impact of ESG on Corporate Financial Performance: A Mixed‐Methods Approach
采用混合方法，重新考察新西兰证券交易所上市公司ESG表现与财务绩效的关系，发现ESG影响因指标和方法而异，缺乏统计稳健性，但定性内容分析揭示了ESG举措如何可能与财务绩效相关。
ABSTRACT The relationship between environmental, social and governance (ESG) performance and corporate financial performance (CFP) has been studied extensively, yet the findings remain inconclusive. This study re‐examines the link between ESG and CFP among the New Zealand Stock Exchange (NZX) listed companies using a mixed‐methods approach. Quantitative analysis reveals that ESG's impact on financial performance varies across performance metrics and methodologies, lacking consistent statistical robustness. Qualitative content analysis of ESG disclosures reveals insights into how ESG initiatives may relate to financial performance. The findings provide actionable insights for management practitioners seeking to align sustainability initiatives strategically with long‐term financial performance and for policymakers considering how best to support leading ESG businesses and improve the ESG reporting framework.