{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,9,2]],"date-time":"2026-09-02T14:40:58Z","timestamp":1788360058556,"version":"build-2803163510"},"reference-count":103,"publisher":"Elsevier BV","license":[{"start":{"date-parts":[[2025,3,1]],"date-time":"2025-03-01T00:00:00Z","timestamp":1740787200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.elsevier.com\/tdm\/userlicense\/1.0\/"},{"start":{"date-parts":[[2025,3,1]],"date-time":"2025-03-01T00:00:00Z","timestamp":1740787200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.elsevier.com\/legal\/tdmrep-license"},{"start":{"date-parts":[[2025,3,1]],"date-time":"2025-03-01T00:00:00Z","timestamp":1740787200000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-017"},{"start":{"date-parts":[[2025,3,1]],"date-time":"2025-03-01T00:00:00Z","timestamp":1740787200000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-037"},{"start":{"date-parts":[[2025,3,1]],"date-time":"2025-03-01T00:00:00Z","timestamp":1740787200000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-012"},{"start":{"date-parts":[[2025,3,1]],"date-time":"2025-03-01T00:00:00Z","timestamp":1740787200000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-029"},{"start":{"date-parts":[[2025,3,1]],"date-time":"2025-03-01T00:00:00Z","timestamp":1740787200000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-004"}],"funder":[{"DOI":"10.13039\/501100001843","name":"Science and Engineering Research Board","doi-asserted-by":"publisher","id":[{"id":"10.13039\/501100001843","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":["elsevier.com","sciencedirect.com"],"crossmark-restriction":true},"short-container-title":["Journal of Environmental Management"],"published-print":{"date-parts":[[2025,3]]},"DOI":"10.1016\/j.jenvman.2025.124471","type":"journal-article","created":{"date-parts":[[2025,2,8]],"date-time":"2025-02-08T05:23:08Z","timestamp":1738992188000},"page":"124471","update-policy":"https:\/\/doi.org\/10.1016\/elsevier_cm_policy","source":"Crossref","is-referenced-by-count":6,"special_numbering":"C","title":["Corporate sustainability practices: An interplay of uncertainty, geopolitical risk and competition"],"prefix":"10.1016","volume":"376","author":[{"ORCID":"https:\/\/orcid.org\/0009-0008-2947-4775","authenticated-orcid":false,"given":"Rajesh","family":"Bhue","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Umakanta","family":"Gartia","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Ajaya Kumar","family":"Panda","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-1822-9263","authenticated-orcid":false,"given":"Aviral Kumar","family":"Tiwari","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"78","reference":[{"key":"10.1016\/j.jenvman.2025.124471_bib1","doi-asserted-by":"crossref","first-page":"500","DOI":"10.1016\/j.jcorpfin.2017.02.009","article-title":"Product market competition, idiosyncratic and systematic volatility","volume":"43","author":"Abdoh","year":"2017","journal-title":"J. Corp. Finance"},{"key":"10.1016\/j.jenvman.2025.124471_bib2","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2024.121245","article-title":"Geopolitical risk and firm-level environmental, social and governance (ESG) performance","volume":"363","author":"Abdullah","year":"2024","journal-title":"J. Environ. Manag."},{"issue":"4","key":"10.1016\/j.jenvman.2025.124471_bib3","doi-asserted-by":"crossref","first-page":"441","DOI":"10.1080\/00036846.2020.1808178","article-title":"The nexus between policy uncertainty, sustainability disclosure and firm performance","volume":"53","author":"Ahsan","year":"2021","journal-title":"Appl. Econ."},{"issue":"4","key":"10.1016\/j.jenvman.2025.124471_bib4","first-page":"23","article-title":"Corporate governance and competition","volume":"23","author":"Allen","year":"2000","journal-title":"Corp. Gov.: Theoretical and empirical perspectives"},{"key":"10.1016\/j.jenvman.2025.124471_bib5","doi-asserted-by":"crossref","DOI":"10.1016\/j.techfore.2023.123078","article-title":"Crypto market relationships with bric countries' uncertainty\u2013A wavelet-based approach","volume":"200","author":"Almeida","year":"2024","journal-title":"Technol. Forecast. Soc. Change"},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib6","doi-asserted-by":"crossref","first-page":"29","DOI":"10.1016\/0304-4076(94)01642-D","article-title":"Another look at the instrumental variable estimation of error-components models","volume":"68","author":"Arellano","year":"1995","journal-title":"J. Econom."},{"issue":"2","key":"10.1016\/j.jenvman.2025.124471_bib7","doi-asserted-by":"crossref","first-page":"642","DOI":"10.1016\/j.jfineco.2021.09.009","article-title":"Sustainable investing with ESG rating uncertainty","volume":"145","author":"Avramov","year":"2022","journal-title":"J. Financ. Econ."},{"issue":"3","key":"10.1016\/j.jenvman.2025.124471_bib8","first-page":"752","article-title":"Can sustainability performance mitigate the negative effect of policy uncertainty on the firm valuation?","volume":"15","author":"Azimli","year":"2024","journal-title":"Sustain. Account. Manag. Policy J."},{"issue":"4","key":"10.1016\/j.jenvman.2025.124471_bib9","doi-asserted-by":"crossref","first-page":"1593","DOI":"10.1093\/qje\/qjw024","article-title":"Measuring economic policy uncertainty","volume":"131","author":"Baker","year":"2016","journal-title":"Q. J. Econ."},{"key":"10.1016\/j.jenvman.2025.124471_bib10","doi-asserted-by":"crossref","first-page":"79","DOI":"10.1007\/s10551-016-3139-1","article-title":"Role of country-and firm-level determinants in environmental, social, and governance disclosure","volume":"150","author":"Baldini","year":"2018","journal-title":"J. Bus. Ethics"},{"issue":"2","key":"10.1016\/j.jenvman.2025.124471_bib11","doi-asserted-by":"crossref","first-page":"463","DOI":"10.1007\/s00168-021-01081-y","article-title":"Geopolitical risk spillovers and its determinants","volume":"68","author":"Balli","year":"2022","journal-title":"Ann. Reg. Sci."},{"key":"10.1016\/j.jenvman.2025.124471_bib12","doi-asserted-by":"crossref","DOI":"10.1016\/j.techfore.2021.121338","article-title":"M&A activity as a driver for better ESG performance","volume":"175","author":"Barros","year":"2022","journal-title":"Technol. Forecast. Soc. Change"},{"issue":"3","key":"10.1016\/j.jenvman.2025.124471_bib14","doi-asserted-by":"crossref","first-page":"2290","DOI":"10.1002\/csr.2695","article-title":"How uncertainty can determine corporate ESG performance?","volume":"31","author":"Bin\u2010Feng","year":"2024","journal-title":"Corp. Soc. Responsib. Environ. Manag."},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib15","doi-asserted-by":"crossref","first-page":"115","DOI":"10.1016\/S0304-4076(98)00009-8","article-title":"Initial conditions and moment restrictions in dynamic panel data models","volume":"87","author":"Blundell","year":"1998","journal-title":"J. Econom."},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib16","first-page":"67","article-title":"Value mapping for sustainable business thinking","volume":"32","author":"Bocken","year":"2015","journal-title":"J. Ind. Prod. Eng."},{"issue":"4","key":"10.1016\/j.jenvman.2025.124471_bib17","doi-asserted-by":"crossref","first-page":"207","DOI":"10.1016\/j.jsm.2017.12.006","article-title":"Evaluating the sustainable mining contractor selection problems: an imprecise last aggregation preference selection index method","volume":"16","author":"Borujeni","year":"2017","journal-title":"Journal of Sustainable Mining"},{"key":"10.1016\/j.jenvman.2025.124471_bib18","article-title":"Product market competition and labor investment efficiency","author":"Boubaker","year":"2018","journal-title":"Work. Pap."},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib19","doi-asserted-by":"crossref","first-page":"98","DOI":"10.1108\/MEQ-12-2017-0149","article-title":"Is sustainability reporting (ESG) associated with performance? Evidence from the European banking sector","volume":"30","author":"Buallay","year":"2019","journal-title":"Manag. Environ. Qual. Int. J."},{"issue":"4","key":"10.1016\/j.jenvman.2025.124471_bib20","doi-asserted-by":"crossref","first-page":"1194","DOI":"10.1257\/aer.20191823","article-title":"Measuring geopolitical risk","volume":"112","author":"Caldara","year":"2022","journal-title":"Am. Econ. Rev."},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib21","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1017\/S1474745622000404","article-title":"Domestic investment laws and international economic law in the liberal international order","volume":"22","author":"Chaisse","year":"2023","journal-title":"World Trade Rev."},{"issue":"31","key":"10.1016\/j.jenvman.2025.124471_bib22","doi-asserted-by":"crossref","first-page":"3423","DOI":"10.1080\/00036846.2019.1581909","article-title":"Economic policy uncertainty and firm investment: evidence from the US market","volume":"51","author":"Chen","year":"2019","journal-title":"Appl. Econ."},{"key":"10.1016\/j.jenvman.2025.124471_bib23","doi-asserted-by":"crossref","DOI":"10.1016\/j.frl.2023.104020","article-title":"Regulatory uncertainty and corporate social responsibility","volume":"55","author":"Chourou","year":"2023","journal-title":"Finance Res. Lett."},{"key":"10.1016\/j.jenvman.2025.124471_bib24","doi-asserted-by":"crossref","DOI":"10.1016\/j.ribaf.2022.101849","article-title":"Product market competition and corporate advertising expenditure: evidence from a natural experiment","volume":"64","author":"Cui","year":"2023","journal-title":"Res. Int. Bus. Finance"},{"issue":"2","key":"10.1016\/j.jenvman.2025.124471_bib25","doi-asserted-by":"crossref","first-page":"12","DOI":"10.37625\/abr.26.2.519-550","article-title":"Environmental, social, governance performance and negative performance feedback: firm moderators in a cross-country context","volume":"26","author":"DasGupta","year":"2023","journal-title":"Am. Bus. Rev."},{"key":"10.1016\/j.jenvman.2025.124471_bib26","doi-asserted-by":"crossref","DOI":"10.1016\/j.najef.2021.101444","article-title":"The impact of economic uncertainty and geopolitical risks on bank credit","volume":"57","author":"Demir","year":"2021","journal-title":"N. Am. J. Econ. Finance"},{"key":"10.1016\/j.jenvman.2025.124471_bib27","doi-asserted-by":"crossref","first-page":"189","DOI":"10.1016\/j.ememar.2017.08.001","article-title":"Economic policy uncertainty and cash holdings: evidence from BRIC countries","volume":"33","author":"Demir","year":"2017","journal-title":"Emerg. Mark. Rev."},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib28","doi-asserted-by":"crossref","first-page":"87","DOI":"10.1016\/j.jfineco.2013.04.014","article-title":"Corporate social responsibility and stakeholder value maximization: evidence from mergers","volume":"110","author":"Deng","year":"2013","journal-title":"J. Financ. Econ."},{"issue":"2","key":"10.1016\/j.jenvman.2025.124471_bib29","first-page":"327","article-title":"Does environmental, social and governance (ESG) affect market performance? The moderating role of competitive advantage","volume":"34","author":"Dkhili","year":"2024","journal-title":"Compet. Rev. Int. Bus. J."},{"key":"10.1016\/j.jenvman.2025.124471_bib30","doi-asserted-by":"crossref","first-page":"45","DOI":"10.1016\/j.gfj.2017.03.001","article-title":"ESG performance and firm value: the moderating role of disclosure","volume":"38","author":"Fatemi","year":"2018","journal-title":"Glob. Finance J."},{"issue":"10","key":"10.1016\/j.jenvman.2025.124471_bib32","doi-asserted-by":"crossref","first-page":"1469","DOI":"10.1002\/smj.2307","article-title":"Does product market competition foster corporate social responsibility? Evidence from trade liberalization","volume":"36","author":"Flammer","year":"2015","journal-title":"Strateg. Manag. J."},{"key":"10.1016\/j.jenvman.2025.124471_bib33","series-title":"Stakeholder Engagement: Clinical Research Cases","first-page":"1","article-title":"Stakeholder engagement: practicing the ideas of stakeholder theory","author":"Freeman","year":"2017"},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib34","first-page":"1","article-title":"How does corporate investment respond to increased entry threat?","volume":"5","author":"Fr\u00e9sard","year":"2016","journal-title":"The Review of Corporate Finance Studies"},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib35","doi-asserted-by":"crossref","first-page":"3","DOI":"10.1007\/s10551-019-04112-z","article-title":"A stakeholder theory perspective on business models: value creation for sustainability","volume":"166","author":"Freudenreich","year":"2020","journal-title":"J. Bus. Ethics"},{"issue":"4","key":"10.1016\/j.jenvman.2025.124471_bib36","doi-asserted-by":"crossref","first-page":"210","DOI":"10.1080\/20430795.2015.1118917","article-title":"ESG and financial performance: aggregated evidence from more than 2000 empirical studies","volume":"5","author":"Friede","year":"2015","journal-title":"Journal of sustainable finance & investment"},{"issue":"2","key":"10.1016\/j.jenvman.2025.124471_bib37","first-page":"361","article-title":"The fat-cat effect, the puppy-dog ploy, and the lean and hungry look","volume":"74","author":"Fudenberg","year":"1984","journal-title":"Am. Econ. Rev."},{"issue":"2","key":"10.1016\/j.jenvman.2025.124471_bib38","doi-asserted-by":"crossref","first-page":"e359","DOI":"10.1002\/bsd2.359","article-title":"Unlocking the dynamic linkages between sustainable equity investment and economic policy uncertainty: an empirical analysis for G-20 countries","volume":"7","author":"Gartia","year":"2024","journal-title":"Business Strategy & Development"},{"key":"10.1016\/j.jenvman.2025.124471_bib39","doi-asserted-by":"crossref","DOI":"10.1016\/j.jcorpfin.2021.101889","article-title":"Firms and social responsibility: a review of ESG and CSR research in corporate finance","volume":"66","author":"Gillan","year":"2021","journal-title":"J. Corp. Finance"},{"issue":"2","key":"10.1016\/j.jenvman.2025.124471_bib40","first-page":"17","article-title":"Strategic evaluation of sustainable projects based on hybrid group decision analysis with incomplete information","volume":"4","author":"Gitinavard","year":"2019","journal-title":"Journal of Quality Engineering and Production Optimization"},{"key":"10.1016\/j.jenvman.2025.124471_bib41","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2020.110428","article-title":"Sustainable feedstocks selection and renewable products allocation: a new hybrid adaptive utility-based consensus model","volume":"264","author":"Gitinavard","year":"2020","journal-title":"J. Environ. Manag."},{"key":"10.1016\/j.jenvman.2025.124471_bib42","first-page":"117","article-title":"La apertura\": the opening of Venezuela's oil industry","author":"Giusti","year":"1999","journal-title":"J. Int. Aff."},{"key":"10.1016\/j.jenvman.2025.124471_bib43","series-title":"Collaborating for Our Future: Multistakeholder Partnerships for Solving Complex Problems","author":"Gray","year":"2018"},{"issue":"3","key":"10.1016\/j.jenvman.2025.124471_bib45","doi-asserted-by":"crossref","first-page":"403","DOI":"10.1016\/j.jfineco.2018.02.007","article-title":"Time varying risk aversion","volume":"128","author":"Guiso","year":"2018","journal-title":"J. Financ. Econ."},{"issue":"3","key":"10.1016\/j.jenvman.2025.124471_bib46","first-page":"523","article-title":"Policy uncertainty and corporate investment","volume":"29","author":"Gulen","year":"2016","journal-title":"Rev. Financ. Stud."},{"key":"10.1016\/j.jenvman.2025.124471_bib47","doi-asserted-by":"crossref","DOI":"10.1016\/j.techfore.2022.122183","article-title":"Striving to safeguard shareholders or maintain sustainability in periods of high uncertainty: a multi-country evidence","volume":"188","author":"Gull","year":"2023","journal-title":"Technol. Forecast. Soc. Change"},{"key":"10.1016\/j.jenvman.2025.124471_bib48","doi-asserted-by":"crossref","DOI":"10.1016\/j.pacfin.2021.101622","article-title":"Corporate social responsibility, competition, and firm value","volume":"68","author":"Gupta","year":"2021","journal-title":"Pac. Basin Finance J."},{"issue":"5","key":"10.1016\/j.jenvman.2025.124471_bib49","doi-asserted-by":"crossref","first-page":"345","DOI":"10.1080\/13504851.2017.1321832","article-title":"The effect of economic policy uncertainty on bank valuations","volume":"25","author":"He","year":"2018","journal-title":"Appl. Econ. Lett."},{"issue":"12","key":"10.1016\/j.jenvman.2025.124471_bib51","doi-asserted-by":"crossref","first-page":"3232","DOI":"10.1108\/MD-06-2021-0746","article-title":"Economic policy uncertainty and firm propensity to invest in corporate social responsibility","volume":"60","author":"Ilyas","year":"2022","journal-title":"Manag. Decis."},{"key":"10.1016\/j.jenvman.2025.124471_bib52","doi-asserted-by":"crossref","first-page":"834","DOI":"10.1057\/jibs.2012.26","article-title":"What drives corporate social performance? The role of nation-level institutions","volume":"43","author":"Ioannou","year":"2012","journal-title":"J. Int. Bus. Stud."},{"issue":"10","key":"10.1016\/j.jenvman.2025.124471_bib54","doi-asserted-by":"crossref","first-page":"765","DOI":"10.1080\/13504851.2019.1645272","article-title":"Economic policy uncertainty and firm performance","volume":"27","author":"Iqbal","year":"2020","journal-title":"Appl. Econ. Lett."},{"key":"10.1016\/j.jenvman.2025.124471_bib55","doi-asserted-by":"crossref","DOI":"10.1016\/j.jcorpfin.2020.101743","article-title":"Does external uncertainty matter in corporate sustainability performance?","volume":"65","author":"Jia","year":"2020","journal-title":"J. Corp. Finance"},{"key":"10.1016\/j.jenvman.2025.124471_bib56","doi-asserted-by":"crossref","DOI":"10.1016\/j.mulfin.2022.100772","article-title":"Geopolitical risk and corporate innovation: evidence from China","volume":"66","author":"Jia","year":"2022","journal-title":"J. Multinatl. Financ. Manag."},{"key":"10.1016\/j.jenvman.2025.124471_bib57","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2024.122481","article-title":"Global geopolitical risk and corporate ESG performance","volume":"370","author":"Jiang","year":"2024","journal-title":"J. Environ. Manag."},{"issue":"6","key":"10.1016\/j.jenvman.2025.124471_bib58","doi-asserted-by":"crossref","first-page":"399","DOI":"10.1002\/csr.1386","article-title":"Gender and environmental sustainability: a longitudinal analysis","volume":"23","author":"Kassinis","year":"2016","journal-title":"Corp. Soc. Responsib. Environ. Manag."},{"issue":"10","key":"10.1016\/j.jenvman.2025.124471_bib59","doi-asserted-by":"crossref","first-page":"1464","DOI":"10.1002\/smj.2171","article-title":"Firm litigation risk and the insurance value of corporate social performance","volume":"35","author":"Koh","year":"2014","journal-title":"Strateg. Manag. J."},{"issue":"2","key":"10.1016\/j.jenvman.2025.124471_bib60","doi-asserted-by":"crossref","first-page":"128","DOI":"10.1108\/RAF-11-2013-0123","article-title":"Product market competition and corporate investment decisions","volume":"14","author":"Laksmana","year":"2015","journal-title":"Rev. Account. Finance"},{"key":"10.1016\/j.jenvman.2025.124471_bib61","doi-asserted-by":"crossref","DOI":"10.1016\/j.pacfin.2020.101480","article-title":"Firms' cash reserve, financial constraint, and geopolitical risk","volume":"65","author":"Lee","year":"2021","journal-title":"Pac. Basin Finance J."},{"key":"10.1016\/j.jenvman.2025.124471_bib62","doi-asserted-by":"crossref","first-page":"601","DOI":"10.1016\/j.econmod.2019.12.002","article-title":"Market competition and firms' social performance","volume":"91","author":"Leong","year":"2020","journal-title":"Econ. Modell."},{"key":"10.1016\/j.jenvman.2025.124471_bib63","doi-asserted-by":"crossref","DOI":"10.1016\/j.jempfin.2023.101430","article-title":"Product competition, political connections, and the costs of high leverage","volume":"74","author":"Li","year":"2023","journal-title":"J. Empir. Finance"},{"key":"10.1016\/j.jenvman.2025.124471_bib64","doi-asserted-by":"crossref","first-page":"663","DOI":"10.1007\/s11142-010-9129-0","article-title":"The impacts of product market competition on the quantity and quality of voluntary disclosures","volume":"15","author":"Li","year":"2010","journal-title":"Rev. Account. Stud."},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib65","doi-asserted-by":"crossref","first-page":"60","DOI":"10.1016\/j.bar.2017.09.007","article-title":"The impact of environmental, social, and governance disclosure on firm value: the role of CEO power","volume":"50","author":"Li","year":"2018","journal-title":"Br. Account. Rev."},{"key":"10.1016\/j.jenvman.2025.124471_bib66","doi-asserted-by":"crossref","DOI":"10.1016\/j.chieco.2022.101845","article-title":"Understanding the investment of renewable energy firms in the face of economic policy uncertainty\u2013Micro-evidence from listed companies in China","volume":"75","author":"Lin","year":"2022","journal-title":"China Econ. Rev."},{"key":"10.1016\/j.jenvman.2025.124471_bib67","series-title":"Product Market Competition and Firms' Voluntary Disclosure Behavior: Evidence from a Quasi-Natural Experiment","author":"Lin","year":"2014"},{"key":"10.1016\/j.jenvman.2025.124471_bib68","doi-asserted-by":"crossref","first-page":"401","DOI":"10.1016\/j.najef.2019.03.004","article-title":"The causality direction of the corporate social responsibility\u2013Corporate financial performance Nexus: application of Panel Vector Autoregression approach","volume":"48","author":"Lin","year":"2019","journal-title":"N. Am. J. Econ. Finance"},{"key":"10.1016\/j.jenvman.2025.124471_bib69","doi-asserted-by":"crossref","DOI":"10.1016\/j.ribaf.2023.102050","article-title":"The impact of environmental, social, and governance (ESG) practices on investment efficiency in China: does digital transformation matter?","volume":"66","author":"Lin","year":"2023","journal-title":"Res. Int. Bus. Finance"},{"issue":"4","key":"10.1016\/j.jenvman.2025.124471_bib70","doi-asserted-by":"crossref","first-page":"1785","DOI":"10.1111\/jofi.12505","article-title":"Social capital, trust, and firm performance: the value of corporate social responsibility during the financial crisis","volume":"72","author":"Lins","year":"2017","journal-title":"J. Finance"},{"key":"10.1016\/j.jenvman.2025.124471_bib71","doi-asserted-by":"crossref","first-page":"78","DOI":"10.1016\/j.iref.2021.09.014","article-title":"Economic policy uncertainty and firm innovation: evidence from a risk-taking perspective","volume":"77","author":"Lou","year":"2022","journal-title":"Int. Rev. Econ. Finance"},{"issue":"5","key":"10.1016\/j.jenvman.2025.124471_bib72","doi-asserted-by":"crossref","first-page":"83","DOI":"10.1111\/cwe.12257","article-title":"China\u2013US trade disputes in 2018: an overview","volume":"26","author":"Lu","year":"2018","journal-title":"China World Econ."},{"key":"10.1016\/j.jenvman.2025.124471_bib73","doi-asserted-by":"crossref","first-page":"368","DOI":"10.1016\/j.iref.2022.02.027","article-title":"Economic policy uncertainty, financial development, and financial constraints: evidence from China","volume":"79","author":"Ma","year":"2022","journal-title":"Int. Rev. Econ. Finance"},{"key":"10.1016\/j.jenvman.2025.124471_bib74","doi-asserted-by":"crossref","first-page":"419","DOI":"10.1007\/s10551-014-2051-9","article-title":"Value-enhancing capabilities of CSR: a brief review of contemporary literature","volume":"127","author":"Malik","year":"2015","journal-title":"J. Bus. Ethics"},{"key":"10.1016\/j.jenvman.2025.124471_bib75","article-title":"Environmental, Social and Governance (ESG) risk, uncertainty, and the mining life cycle","volume":"14","author":"Maybee","year":"2023","journal-title":"Extr. Ind. Soc."},{"issue":"6","key":"10.1016\/j.jenvman.2025.124471_bib76","doi-asserted-by":"crossref","first-page":"4491","DOI":"10.1007\/s10644-023-09564-y","article-title":"Economic policy uncertainty and corporate investment: evidence from China","volume":"56","author":"Meng","year":"2023","journal-title":"Econ. Change Restruct."},{"issue":"2","key":"10.1016\/j.jenvman.2025.124471_bib78","doi-asserted-by":"crossref","first-page":"241","DOI":"10.1002\/bse.3492","article-title":"Market structure, ESG performance, and corporate efficiency: insights from Brazilian publicly traded companies","volume":"33","author":"Moskovics","year":"2024","journal-title":"Bus. Strat. Environ."},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib79","article-title":"Product market competition, corporate governance and ESG","volume":"17","author":"Muhmad","year":"2021","journal-title":"Asian Acad. Manag. J. Account. Finance"},{"issue":"3","key":"10.1016\/j.jenvman.2025.124471_bib80","doi-asserted-by":"crossref","first-page":"353","DOI":"10.1108\/JFEP-04-2020-0076","article-title":"The bright side of geopolitical risk: evidence from Chinese firms","volume":"13","author":"Oanh","year":"2020","journal-title":"Journal of financial economic policy"},{"issue":"2","key":"10.1016\/j.jenvman.2025.124471_bib81","doi-asserted-by":"crossref","first-page":"215","DOI":"10.1007\/s13437-021-00233-3","article-title":"Perspectives on the impact of the COVID-19 pandemic on the global and African maritime transport sectors, and the potential implications for Africa's maritime governance","volume":"20","author":"Oyenuga","year":"2021","journal-title":"WMU Journal of Maritime Affairs"},{"key":"10.1016\/j.jenvman.2025.124471_bib82","doi-asserted-by":"crossref","DOI":"10.1016\/j.tourman.2023.104769","article-title":"EPU and financial performance in the hospitality and tourism industry: moderating effect of CSR, institutional ownership and cash holding","volume":"98","author":"Ozdemir","year":"2023","journal-title":"Tour. Manag."},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib84","doi-asserted-by":"crossref","first-page":"222","DOI":"10.1108\/MD-07-2015-0279","article-title":"Exploring transparency: a new framework for responsible business management","volume":"54","author":"Parris","year":"2016","journal-title":"Manag. Decis."},{"issue":"3","key":"10.1016\/j.jenvman.2025.124471_bib85","doi-asserted-by":"crossref","first-page":"520","DOI":"10.1016\/j.jfineco.2013.08.007","article-title":"Political uncertainty and risk premia","volume":"110","author":"P\u00e1stor","year":"2013","journal-title":"J. Financ. Econ."},{"key":"10.1016\/j.jenvman.2025.124471_bib86","doi-asserted-by":"crossref","first-page":"54","DOI":"10.1016\/j.eneco.2018.08.016","article-title":"Crude oil price uncertainty and corporate investment: new global evidence","volume":"77","author":"Phan","year":"2019","journal-title":"Energy Econ."},{"issue":"4","key":"10.1016\/j.jenvman.2025.124471_bib88","first-page":"872","article-title":"The impact of economic policy uncertainty on sustainability (ESG) performance: the role of the firm life cycle","volume":"20","author":"Qureshi","year":"2023","journal-title":"Int. J. Manag. Finance."},{"key":"10.1016\/j.jenvman.2025.124471_bib89","doi-asserted-by":"crossref","DOI":"10.1016\/j.frl.2020.101553","article-title":"Corporate social responsibility and firm value: guiding through economic policy uncertainty","volume":"35","author":"Rjiba","year":"2020","journal-title":"Finance Res. Lett."},{"key":"10.1016\/j.jenvman.2025.124471_bib90","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2023.119744","article-title":"Environmental, social and governance (ESG) performance of firms in the era of geopolitical conflicts","volume":"351","author":"Saharti","year":"2024","journal-title":"J. Environ. Manag."},{"key":"10.1016\/j.jenvman.2025.124471_bib91","doi-asserted-by":"crossref","DOI":"10.1016\/j.irfa.2022.102373","article-title":"ESG controversies, ESG disclosure and analyst forecast accuracy","volume":"84","author":"Schiemann","year":"2022","journal-title":"Int. Rev. Financ. Anal."},{"key":"10.1016\/j.jenvman.2025.124471_bib92","doi-asserted-by":"crossref","DOI":"10.1016\/j.pacfin.2021.101610","article-title":"Economic policy uncertainty and bank stability: threshold effect of institutional quality and competition","volume":"68","author":"Shabir","year":"2021","journal-title":"Pac. Basin Finance J."},{"key":"10.1016\/j.jenvman.2025.124471_bib93","doi-asserted-by":"crossref","first-page":"40","DOI":"10.1016\/j.jeconbus.2018.07.001","article-title":"Corporate social responsibility, product market competition, and firm value","volume":"98","author":"Sheikh","year":"2018","journal-title":"J. Econ. Bus."},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib95","doi-asserted-by":"crossref","first-page":"202","DOI":"10.3390\/su14010202","article-title":"Sustainable high-tech brick production with energy-oriented consumption: an integrated possibilistic approach based on criteria interdependencies","volume":"14","author":"Solgi","year":"2021","journal-title":"Sustainability"},{"issue":"6","key":"10.1016\/j.jenvman.2025.124471_bib96","doi-asserted-by":"crossref","first-page":"2611","DOI":"10.1017\/S0022109017000746","article-title":"Investment efficiency and product market competition","volume":"52","author":"Stoughton","year":"2017","journal-title":"J. Financ. Quant. Anal."},{"key":"10.1016\/j.jenvman.2025.124471_bib97","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2024.120115","article-title":"Rethinking the effect of ESG practices on profitability through cross-dimensional substitutability","volume":"352","author":"Taddeo","year":"2024","journal-title":"J. Environ. Manag."},{"key":"10.1016\/j.jenvman.2025.124471_bib98","doi-asserted-by":"crossref","DOI":"10.1016\/j.techfore.2023.122348","article-title":"Asymmetric effects of geopolitical risks and uncertainties on green bond markets","volume":"189","author":"Tang","year":"2023","journal-title":"Technol. Forecast. Soc. Change"},{"issue":"3","key":"10.1016\/j.jenvman.2025.124471_bib100","doi-asserted-by":"crossref","first-page":"175","DOI":"10.1016\/0165-4101(86)90002-9","article-title":"Managerial discretion in the choice among financial reporting alternatives","volume":"8","author":"Verrecchia","year":"1986","journal-title":"J. Account. Econ."},{"key":"10.1016\/j.jenvman.2025.124471_bib101","doi-asserted-by":"crossref","DOI":"10.1016\/j.mulfin.2020.100616","article-title":"Corporate risk-taking in developed countries: the influence of economic policy uncertainty and macroeconomic conditions","volume":"54","author":"Vural-Yava\u015f","year":"2020","journal-title":"J. Multinatl. Financ. Manag."},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib102","doi-asserted-by":"crossref","first-page":"82","DOI":"10.1002\/csr.2034","article-title":"Economic policy uncertainty, stakeholder engagement, and environmental, social, and governance practices: the moderating effect of competition","volume":"28","author":"Vural\u2010Yava\u015f","year":"2021","journal-title":"Corp. Soc. Responsib. Environ. Manag."},{"key":"10.1016\/j.jenvman.2025.124471_bib103","first-page":"1593","article-title":"How does low-carbon city pilot policy catalyze companies toward ESG practices? Evidence from China","volume":"81","author":"Wan","year":"2024","journal-title":"Econ. Anal. Pol."},{"key":"10.1016\/j.jenvman.2025.124471_bib106","doi-asserted-by":"crossref","first-page":"227","DOI":"10.1016\/j.pacfin.2013.12.008","article-title":"Economic policy uncertainty and corporate investment: evidence from China","volume":"26","author":"Wang","year":"2014","journal-title":"Pac. Basin Finance J."},{"key":"10.1016\/j.jenvman.2025.124471_bib107","doi-asserted-by":"crossref","DOI":"10.1016\/j.jbankfin.2019.105698","article-title":"Economic policy uncertainty, cost of capital, and corporate innovation","volume":"111","author":"Xu","year":"2020","journal-title":"J. Bank. Finance"},{"key":"10.1016\/j.jenvman.2025.124471_bib108","doi-asserted-by":"crossref","DOI":"10.1016\/j.irfa.2023.102753","article-title":"Economic policy uncertainty and imitation behaviors of corporate social responsibility practices: evidence from China","volume":"89","author":"Xue","year":"2023","journal-title":"Int. Rev. Financ. Anal."},{"key":"10.1016\/j.jenvman.2025.124471_bib109","article-title":"Economic policy uncertainty and corporate social responsibility disclosure similarity: evidence from China","author":"Xue","year":"2023","journal-title":"Br. Account. Rev."},{"issue":"1","key":"10.1016\/j.jenvman.2025.124471_bib110","doi-asserted-by":"crossref","first-page":"43","DOI":"10.1080\/16081625.2014.1003569","article-title":"Product market competition and firms' narrative disclosures: evidence from risk factor disclosures","volume":"23","author":"Yen","year":"2016","journal-title":"Asia-Pacific Journal of Accounting & Economics"},{"issue":"2","key":"10.1016\/j.jenvman.2025.124471_bib111","doi-asserted-by":"crossref","first-page":"815","DOI":"10.1177\/0958305X221137565","article-title":"Economic policy uncertainty and firm performance: evidence from the energy-intensive industry in China","volume":"35","author":"Yu","year":"2024","journal-title":"Energy Environ."},{"key":"10.1016\/j.jenvman.2025.124471_bib112","doi-asserted-by":"crossref","DOI":"10.1016\/j.econmod.2021.105737","article-title":"Being nice to stakeholders: the effect of economic policy uncertainty on corporate social responsibility","volume":"108","author":"Yuan","year":"2022","journal-title":"Econ. Modell."},{"key":"10.1016\/j.jenvman.2025.124471_bib113","doi-asserted-by":"crossref","first-page":"255","DOI":"10.1016\/j.jbusres.2019.03.058","article-title":"Policy uncertainty and earnings management: international evidence","volume":"100","author":"Yung","year":"2019","journal-title":"J. Bus. Res."},{"key":"10.1016\/j.jenvman.2025.124471_bib115","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2022.116949","article-title":"The causal relationship between green finance and geopolitical risk: implications for environmental management","volume":"327","author":"Zhang","year":"2023","journal-title":"J. Environ. Manag."},{"key":"10.1016\/j.jenvman.2025.124471_bib116","series-title":"Economic Policy Uncertainty and Corporate ESG Performance","author":"Zheng","year":"2023"}],"container-title":["Journal of Environmental Management"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.elsevier.com\/content\/article\/PII:S0301479725004475?httpAccept=text\/xml","content-type":"text\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/api.elsevier.com\/content\/article\/PII:S0301479725004475?httpAccept=text\/plain","content-type":"text\/plain","content-version":"vor","intended-application":"text-mining"}],"deposited":{"date-parts":[[2025,12,31]],"date-time":"2025-12-31T12:32:29Z","timestamp":1767184349000},"score":1,"resource":{"primary":{"URL":"https:\/\/linkinghub.elsevier.com\/retrieve\/pii\/S0301479725004475"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2025,3]]},"references-count":103,"alternative-id":["S0301479725004475"],"URL":"https:\/\/doi.org\/10.1016\/j.jenvman.2025.124471","relation":{},"ISSN":["0301-4797"],"issn-type":[{"value":"0301-4797","type":"print"}],"subject":[],"published":{"date-parts":[[2025,3]]},"assertion":[{"value":"Elsevier","name":"publisher","label":"This article is maintained by"},{"value":"Corporate sustainability practices: An interplay of uncertainty, geopolitical risk and competition","name":"articletitle","label":"Article Title"},{"value":"Journal of Environmental Management","name":"journaltitle","label":"Journal Title"},{"value":"https:\/\/doi.org\/10.1016\/j.jenvman.2025.124471","name":"articlelink","label":"CrossRef DOI link to publisher maintained version"},{"value":"article","name":"content_type","label":"Content Type"},{"value":"\u00a9 2025 Elsevier Ltd. All rights are reserved, including those for text and data mining, AI training, and similar technologies.","name":"copyright","label":"Copyright"}],"article-number":"124471"}}