A panel of 2,058 firm-years from 382 Chinese listed firms in 2018–2023 found environmental-responsibility perception associated with green strategy, with 92.2% attributed to the direct path and 7.8% to ESG mediation.
Key findings
- ERP was associated with green strategy at β=0.0134, p
Why this matters globally
The study distinguishes roles for organizational perception, resilience and ESG systems while showing that ESG scores do not account for the entire pathway.
Thai researcher contribution
A Krirk University-affiliated researcher contributed to analysis of Chinese firms; this is environmental-management collaboration, not Thai corporate evidence.
Limitations to consider
Chinese observational data retain residual confounding and reverse-causation risk. The perception measure is not described in the abstract, ESG ratings may disagree, and the small coefficient requires scale context.