Abstract
This study intends to give empirical evidence of the effect of environmental, social, and governance performance via Environment, Social, and Governance (ESG) disclosure controlled by a collectivist culture. The research population is a corporation in Asia. Purposive sampling was utilized to obtain the number of samples; given the conditions set, a sample of 97 companies in Asia was obtained with an observation period ranging from 2017 to 2021, yielding a total of 485 observation data. The warpPLS approach was used to examine the data. The observations revealed that environmental performance, social performance, and governance performance all had an impact on ESG disclosure, and that ESG disclosure, which was bolstered by collectivism culture, had an impact on SGR. The study's implications reveal that SGR is very essential because it pertains to the strategy adopted by businesses to attain sustainable growth. As a result, businesses must pay attention to SGR and the factors that drive it. Furthermore, the findings of this study can help regulators develop policies to promote business sustainability practices in Asia.
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