Common ownership and firms’ ESG performances
The role of common ownership in shaping firms’ ESG performances
Environmental pollution seems inevitable for the growth of developing countries. During economic development, environmental quality deteriorates due to negative externalities. To curb this, changes to corporate governance are essential. This research focuses on studying how common ownership affects the environmental outcomes and ESG performance of firms. While the role of common ownership in firms’ ESG performances is understudied, having a better understanding of this causal relationship will allow improvements to corporate governance practices to address environmental concerns.