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A computational model of the competitive effects of ESG

PloS one, 2023-07, Vol.18 (7), p.e0284237-e0284237 [Peer Reviewed Journal]

Copyright: © 2023 Katsamakas, Sanchez-Cartas. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. ;COPYRIGHT 2023 Public Library of Science ;2023 Katsamakas, Sanchez-Cartas. This is an open access article distributed under the terms of the Creative Commons Attribution License: http://creativecommons.org/licenses/by/4.0/ (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;2023 Katsamakas, Sanchez-Cartas 2023 Katsamakas, Sanchez-Cartas ;2023 Katsamakas, Sanchez-Cartas. This is an open access article distributed under the terms of the Creative Commons Attribution License: http://creativecommons.org/licenses/by/4.0/ (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 1932-6203 ;EISSN: 1932-6203 ;DOI: 10.1371/journal.pone.0284237 ;PMID: 37478077

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Title:
A computational model of the competitive effects of ESG
Author: Katsamakas, Evangelos ; Sanchez-Cartas, J Manuel
Subjects: Biology and Life Sciences ; Commerce ; Competition ; Competitive advantage ; Computer and Information Sciences ; Computer applications ; Consumers ; Corporate profits ; Corporate social responsibility ; Costs ; Demand curves ; Disclosure ; Drive ; Environmental aspects ; Evaluation ; Forecasts and trends ; Innovations ; Investment ; Investments ; Marketing research ; Physical Sciences ; Prices ; Production costs ; Research and Analysis Methods ; Social aspects ; Social responsibility ; Social Sciences ; Sustainable development ; Take-all disease
Is Part Of: PloS one, 2023-07, Vol.18 (7), p.e0284237-e0284237
Description: Environmental and social initiatives within firms, commonly grouped under the ESG term, have attracted significant business interest. However, the mechanism that links ESG investment to firm performance is unclear. We develop a computational model that helps clarify the competitive effects of ESG. In our model, ESG investment attracts consumers, but it can have additional effects on companies, such as reducing production costs, increasing product value, or both. Computational experiments show that ESG intensifies competition when it has such additional effects in addition to attracting consumers. However, ESG can lead to a winner-take-all dynamic in which a firm with an initial advantage dominates the market. Moreover, firms can use strategic disclosure of information to reduce their ESG investments, softening competition. This research contributes to the ESG literature by explaining the strategic impact of firms' ESG investments and the conditions under which firms can do well by doing good in a competitive setting.
Publisher: United States: Public Library of Science
Language: English
Identifier: ISSN: 1932-6203
EISSN: 1932-6203
DOI: 10.1371/journal.pone.0284237
PMID: 37478077
Source: TestCollectionTL3OpenAccess
GFMER Free Medical Journals
MEDLINE
PubMed Central
Coronavirus Research Database
Public Library of Science (PLoS)
ProQuest Central

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A computational model of the competitive effects of ESG

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