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The Role of Environmental, Social and Governance Performance in Achieving Firm Sustainability

Tuan Khanh Vuong & Ha Manh Bui

Economic Research-Ekonomska Istraživanja2025https://doi.org/10.32728/er-ei.38.2.5article
AJG 1
Weight
0.37

What the paper says

This study explores research trends in environmental, social and governance (ESG) performance and identifies the effect of ESG performance on firm sustainability. A search of Web of Science using the keywords ‘ESG performance’ and ‘firm sustainability’ identified 879 documents for bibliometric analysis. The analysis revealed a growing interest in researching the effect of integrating ESG into corporate strategies on firm sustainability. Popular key phrases identified include ESG, ESG performance, ESG disclosure, sustainability development, sustainability performance, firm performance and sustainability reporting. Key clusters of related keywords include social, governance, climate change, risk management and green innovation. A survey of 393 manufacturing firm employees in Ho Chi Minh City with knowledge of the role of ESG performance was conducted to test the research model. Among the factors of ESG, social performance had the most substantial effect on sustainability performance (β = 0.367), followed by environmental performance (β = 0.326) and corporate governance performance (β = 0.235). This study provides scholars with a foundation to widen future studies and has practical implications for the application of ESG in business strategies to achieve firm sustainability.

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https://doi.org/https://doi.org/10.32728/er-ei.38.2.5

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@article{tuan2025,
  title        = {{The Role of Environmental, Social and Governance Performance in Achieving Firm Sustainability}},
  author       = {Tuan Khanh Vuong & Ha Manh Bui},
  journal      = {Economic Research-Ekonomska Istraživanja},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.32728/er-ei.38.2.5},
}

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The Role of Environmental, Social and Governance Performance in Achieving Firm Sustainability

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.