{"id":"https://openalex.org/W4403748830","doi":"https://doi.org/10.3390/systems12110448","title":"Exploring the Role of Top Management Team Diversity and Absorptive Capacity in the Relationship Between Corporate Environmental, Social, and Governance Performance and Firm Value","display_name":"Exploring the Role of Top Management Team Diversity and Absorptive Capacity in the Relationship Between Corporate Environmental, Social, and Governance Performance and Firm Value","publication_year":2024,"publication_date":"2024-10-24","ids":{"openalex":"https://openalex.org/W4403748830","doi":"https://doi.org/10.3390/systems12110448"},"language":"en","primary_location":{"id":"doi:10.3390/systems12110448","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems12110448","pdf_url":"https://www.mdpi.com/2079-8954/12/11/448/pdf?version=1729777493","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2079-8954/12/11/448/pdf?version=1729777493","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5032725459","display_name":"Qianru Li","orcid":null},"institutions":[{"id":"https://openalex.org/I12832649","display_name":"Gachon University","ror":"https://ror.org/03ryywt80","country_code":"KR","type":"education","lineage":["https://openalex.org/I12832649"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Qianru Li","raw_affiliation_strings":["College of Business, Gachon University, Seongnam 13120, Republic of Korea"],"raw_orcid":"https://orcid.org/0009-0008-2788-8464","affiliations":[{"raw_affiliation_string":"College of Business, Gachon University, Seongnam 13120, Republic of Korea","institution_ids":["https://openalex.org/I12832649"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5108047419","display_name":"Yuhao Zhang","orcid":null},"institutions":[{"id":"https://openalex.org/I12832649","display_name":"Gachon University","ror":"https://ror.org/03ryywt80","country_code":"KR","type":"education","lineage":["https://openalex.org/I12832649"]}],"countries":["KR"],"is_corresponding":true,"raw_author_name":"Yuhao Zhang","raw_affiliation_strings":["College of Business, Gachon University, Seongnam 13120, Republic of Korea"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Business, Gachon University, Seongnam 13120, Republic of Korea","institution_ids":["https://openalex.org/I12832649"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5041731967","display_name":"Jinzhe Yan","orcid":"https://orcid.org/0000-0002-9843-1743"},"institutions":[{"id":"https://openalex.org/I12832649","display_name":"Gachon University","ror":"https://ror.org/03ryywt80","country_code":"KR","type":"education","lineage":["https://openalex.org/I12832649"]}],"countries":["KR"],"is_corresponding":true,"raw_author_name":"Jinzhe Yan","raw_affiliation_strings":["College of Business, Gachon University, Seongnam 13120, Republic of Korea"],"raw_orcid":"https://orcid.org/0000-0002-9843-1743","affiliations":[{"raw_affiliation_string":"College of Business, Gachon University, Seongnam 13120, Republic of Korea","institution_ids":["https://openalex.org/I12832649"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5041731967","https://openalex.org/A5108047419"],"corresponding_institution_ids":["https://openalex.org/I12832649"],"apc_list":{"value":1600,"currency":"CHF","value_usd":1732},"apc_paid":{"value":1600,"currency":"CHF","value_usd":1732},"fwci":3.9729,"has_fulltext":true,"cited_by_count":10,"citation_normalized_percentile":{"value":0.935436,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":98,"max":99},"biblio":{"volume":"12","issue":"11","first_page":"448","last_page":"448"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10880","display_name":"Environmental Sustainability in Business","score":0.9889000058174133,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10880","display_name":"Environmental Sustainability in Business","score":0.9889000058174133,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11047","display_name":"Gender Diversity and Inequality","score":0.9887999892234802,"subfield":{"id":"https://openalex.org/subfields/3318","display_name":"Gender Studies"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.9642000198364258,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/absorptive-capacity","display_name":"Absorptive capacity","score":0.8857881426811218},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.7504724264144897},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.7206119894981384},{"id":"https://openalex.org/keywords/diversity","display_name":"Diversity (politics)","score":0.6600709557533264},{"id":"https://openalex.org/keywords/value","display_name":"Value (mathematics)","score":0.6178425550460815},{"id":"https://openalex.org/keywords/diversity-management","display_name":"Diversity management","score":0.45314109325408936},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.3532658815383911},{"id":"https://openalex.org/keywords/environmental-resource-management","display_name":"Environmental resource management","score":0.33936136960983276},{"id":"https://openalex.org/keywords/political-science","display_name":"Political science","score":0.12897247076034546},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.10971730947494507}],"concepts":[{"id":"https://openalex.org/C2777724570","wikidata":"https://www.wikidata.org/wiki/Q4669907","display_name":"Absorptive capacity","level":2,"score":0.8857881426811218},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7504724264144897},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.7206119894981384},{"id":"https://openalex.org/C2781316041","wikidata":"https://www.wikidata.org/wiki/Q1230584","display_name":"Diversity (politics)","level":2,"score":0.6600709557533264},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.6178425550460815},{"id":"https://openalex.org/C2991722205","wikidata":"https://www.wikidata.org/wiki/Q776799","display_name":"Diversity management","level":3,"score":0.45314109325408936},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3532658815383911},{"id":"https://openalex.org/C107826830","wikidata":"https://www.wikidata.org/wiki/Q929380","display_name":"Environmental resource management","level":1,"score":0.33936136960983276},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.12897247076034546},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.10971730947494507},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.3390/systems12110448","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems12110448","pdf_url":"https://www.mdpi.com/2079-8954/12/11/448/pdf?version=1729777493","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:04099b1f78cb4c4ab38ac1319ce1c581","is_oa":true,"landing_page_url":"https://doaj.org/article/04099b1f78cb4c4ab38ac1319ce1c581","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Systems, Vol 12, Iss 11, p 448 (2024)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.3390/systems12110448","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems12110448","pdf_url":"https://www.mdpi.com/2079-8954/12/11/448/pdf?version=1729777493","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4403748830.pdf","grobid_xml":"https://content.openalex.org/works/W4403748830.grobid-xml"},"referenced_works_count":64,"referenced_works":["https://openalex.org/W1842973378","https://openalex.org/W1974568246","https://openalex.org/W2041562787","https://openalex.org/W2061977527","https://openalex.org/W2067506959","https://openalex.org/W2078142139","https://openalex.org/W2083881740","https://openalex.org/W2108795964","https://openalex.org/W2167046521","https://openalex.org/W2211074832","https://openalex.org/W2369698914","https://openalex.org/W2519364570","https://openalex.org/W2586274245","https://openalex.org/W2609065777","https://openalex.org/W2615292759","https://openalex.org/W2787454254","https://openalex.org/W2789424449","https://openalex.org/W2903026414","https://openalex.org/W2914201499","https://openalex.org/W2952187894","https://openalex.org/W2989403901","https://openalex.org/W2996233037","https://openalex.org/W2997448795","https://openalex.org/W3022027575","https://openalex.org/W3042453589","https://openalex.org/W3092198243","https://openalex.org/W3121521941","https://openalex.org/W3123323948","https://openalex.org/W3125541002","https://openalex.org/W3125969230","https://openalex.org/W3128871793","https://openalex.org/W3155787985","https://openalex.org/W3172735755","https://openalex.org/W3188988606","https://openalex.org/W3197423011","https://openalex.org/W3203821007","https://openalex.org/W3206999821","https://openalex.org/W4247184660","https://openalex.org/W4251623583","https://openalex.org/W4283516996","https://openalex.org/W4285387068","https://openalex.org/W4307297653","https://openalex.org/W4308035983","https://openalex.org/W4309634383","https://openalex.org/W4318462295","https://openalex.org/W4377142912","https://openalex.org/W4378895648","https://openalex.org/W4383737388","https://openalex.org/W4386161949","https://openalex.org/W4386331503","https://openalex.org/W4386535027","https://openalex.org/W4386913375","https://openalex.org/W4387342020","https://openalex.org/W4387740054","https://openalex.org/W4389373099","https://openalex.org/W4389560644","https://openalex.org/W4389607262","https://openalex.org/W4390563028","https://openalex.org/W4390613393","https://openalex.org/W4391963274","https://openalex.org/W4392474106","https://openalex.org/W4393028905","https://openalex.org/W4399007083","https://openalex.org/W4399009212"],"related_works":["https://openalex.org/W3012439261","https://openalex.org/W4387158780","https://openalex.org/W2957811032","https://openalex.org/W2040818436","https://openalex.org/W2065309558","https://openalex.org/W2005142374","https://openalex.org/W2924062839","https://openalex.org/W2364670211","https://openalex.org/W2008104572","https://openalex.org/W2949630013"],"abstract_inverted_index":{"Environmental,":[0],"social,":[1],"and":[2,15,25,28,46,65,85,99,102,111,124,133,139,147],"governance":[3],"(ESG)":[4,32],"performance":[5,45,84,123],"is":[6,78,91],"a":[7,11,35,68,79],"key":[8],"indicator":[9],"of":[10,114],"firm\u2019s":[12],"long-term":[13,144],"value":[14,48],"competitiveness.":[16],"This":[17,89],"study":[18],"combined":[19],"internal":[20],"management":[21,138],"dynamics":[22],"(TMT":[23],"diversity":[24],"absorptive":[26,112],"capacity)":[27],"external":[29],"social":[30,148],"responsibility":[31,140],"to":[33,61],"provide":[34,162],"more":[36],"holistic":[37],"perspective":[38],"that":[39],"explores":[40],"the":[41,97,118],"relationship":[42,90,119],"between":[43,82,120],"ESG":[44,83,122],"corporate":[47,121],"at":[49],"multiple":[50],"levels.":[51],"In":[52],"this":[53],"study,":[54],"Chinese":[55],"A-share":[56],"listed":[57],"companies":[58],"from":[59],"2011":[60],"2022":[62],"were":[63],"selected":[64],"analyzed":[66],"using":[67],"quantitative":[69],"approach.":[70],"The":[71,106],"findings":[72,128,151],"are":[73],"as":[74],"follows:":[75],"(1)":[76],"There":[77],"positive":[80],"correlation":[81],"firm":[86,125],"value.":[87,126],"(2)":[88],"particularly":[92],"accentuated":[93],"within":[94],"non-high-polluting":[95],"industries,":[96],"eastern":[98],"middle":[100],"region,":[101],"non-state-owned":[103],"firms.":[104],"(3)":[105],"age,":[107],"gender,":[108],"financial":[109],"background,":[110],"capacity":[113],"TMTs":[115],"significantly":[116],"moderate":[117],"These":[127,150],"will":[129],"help":[130,154],"business":[131,145,166],"leaders":[132],"policymakers":[134],"understand":[135],"how":[136],"effective":[137],"practices":[141],"can":[142],"drive":[143],"success":[146],"impact.":[149],"not":[152],"only":[153],"academics":[155],"deepen":[156],"their":[157],"theoretical":[158],"constructs":[159],"but":[160],"also":[161],"operational":[163],"guidance":[164],"for":[165],"practices.":[167]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":8}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}