Author(s)

Zhengguang Hu¹, Lin Ma^1*, Xinyan Xu²

¹School of Economics & Management, Shaanxi University of Science and Technology, Xi’an, China.
²College of Economics & Management, Northwest A&F University, Yangling, China.

Taking pharmaceutical manufacturing companies listed in Shanghai and Shenzhen A-share in 2021 as a sample, this paper explores the synergistic effects and driven paths of ESG and five dimensions of executive team heterogeneity on corporate performance by applying fuzzy-set Qualitative Comparative Analysis (fsQCA). This paper finds that: 1) A single factor is not necessary to drive corporate performance, and there is asymmetry in the impact of each antecedent condition on corporate performance; 2) There are three driven paths for high corporate performance: ESG-driven path, social interaction-driven path, and team conflict-driven path.

ESG, Executive Team Heterogeneity, Corporate Performance, Fuzzy Set Qualitative Comparative Analysis

Hu, Z. , Ma, L. and Xu, X. (2023) The Impact Path of Executive Team Heterogeneity and Environmental-Social-Governance on Corporate Performance. Technology and Investment, 14, 279-292. doi: 10.4236/ti.2023.144017.