Half Title Page
RESPONSIBLE FIRMS
Series Page
INTERNATIONAL FINANCE REVIEW
Series Editor: J. Jay Choi
Title Page
INTERNATIONAL FINANCE REVIEW – VOLUME 23
RESPONSIBLE FIRMS: CSR, ESG, AND GLOBAL SUSTAINABILITY
EDITED BY
J. JAY CHOI
Temple University, USA
AND
JIMI KIM
University of New South Wales, Australia
United Kingdom – North America – Japan – India – Malaysia – China
Copyright Page
Emerald Publishing Limited
Emerald Publishing, Floor 5, Northspring, 21-23 Wellington Street, Leeds LS1 4DL.
First edition 2024
Editorial matter and selection © 2025 J. Jay Choi and Jimi Kim.
Individual chapters © 2025 The authors.
Published under exclusive licence by Emerald Publishing Limited.
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No part of this book may be reproduced, stored in a retrieval system, transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without either the prior written permission of the publisher or a licence permitting restricted copying issued in the UK by The Copyright Licensing Agency and in the USA by The Copyright Clearance Center. Any opinions expressed in the chapters are those of the authors. Whilst Emerald makes every effort to ensure the quality and accuracy of its content, Emerald makes no representation implied or otherwise, as to the chapters’ suitability and application and disclaims any warranties, express or implied, to their use.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
ISBN: 978-1-83753-963-5 (Print)
ISBN: 978-1-83753-962-8 (Online)
ISBN: 978-1-83753-964-2 (Epub)
ISSN: 1569-3767 (Series)
Contents
| List of Contributors | vii |
| Part I: An Overview: Concepts and Measurements | |
| Chapter 1: Responsible Firms and Global Sustainability: Toward an Integrated Framework | |
| Jongmoo Jay Choi and Jimi Kim | 3 |
| Chapter 2: Measuring CSR, ESG, and Sustainability | |
| J.H. John Kim and Sebeom Oh | 17 |
| Part II: CSR, Ethics, and Supply Chains | |
| Chapter 3: Corporate Social Responsibility Strategy: The Effects of Legitimacy and Authenticity on Corporate Reputation | |
| Robert A. Rodrigues | 37 |
| Chapter 4: A Comparison of Business Ethics in China, Japan, and Korea | |
| Taehee Choi, Nakano Chiaki and Zhou Zucheng | 73 |
| Chapter 5: Challenges of CSR Implementation in Supply Chains: A Thematic Review in the Emerging Market Context | |
| Julianne Sellin | 93 |
| Part III: ESG, Climate Risk, and Politics | |
| Chapter 6: Assessing Firm’s ESG Performance Using the TOPSIS | |
| Palak Rathi, Ankit Nyati, Rushina Singhi and Anubha Srivastava | 119 |
| Chapter 7: Fossil-Washing? The Fossil Fuel Investment of ESG Funds | |
| Alain Naef | 137 |
| Chapter 8: Climate Risks, Sustainable Finance, and Green Growth: The Evolution of Fintech | |
| Hai Hong Trinh, Ilham Haouas and Tien Thi Thuy Tran | 147 |
| Chapter 9: The ESG Backlash: Politics, Ideology, and the Future of Sustainable Business | |
| Henrik Skaug Sætra | 161 |
| Part IV: MNE, AI, and Global Sustainability | |
| Chapter 10: Sustainability as Strategy: The Financial Performance of UN Global Compact Network Australia (UNGCNA) Member Firms on the Australian Securities Exchange (ASX) | |
| Paul X. McCarthy, Michael Parker and Xian Gong | 171 |
| Chapter 11: Business Engagement with the Sustainable Development Agenda: Evidence from Türkiye | |
| Burcin Hatipoglu and Bengi Ertuna | 177 |
| Chapter 12: The Transformative Impact of AI on CSR, ESG, and Sustainability: Critical Review and Case Studies | |
| Bora Ozkan | 203 |
| Chapter 13: How Do Consumer Goods Multinationals Engage with Corporate Sustainability? A Cross-Company Case Study Analysis | |
| Marco Simões-Coelho, Ariane Roder Figueira and Eduardo Russo | 219 |
| Index | 245 |
List of Contributors
| Nakano Chiaki | Japan International University, Japan |
| Jongmoo Jay Choi | Temple University, PA, USA |
| Taehee Choi | KDI School of Public Policy and Management, Korea |
| Marco Simões-Coelho | Federal University of Rio de Janeiro, Brazil |
| Bengi Ertuna | Bogazici University, Istanbul, Türkiye |
| Ariane Roder Figueira | Federal University of Rio de Janeiro, Brazil |
| Xian Gong | University of Technology Sydney, Australia |
| Ilham Haouas | Abu Dhabi University, United Arab Emirates |
| Burcin Hatipoglu | University of New South Wales, Canberra, Australia |
| J.H. John Kim | College of Charleston, SC, USA |
| Jimi Kim | University of New South Wales, Sydney, Australia |
| Paul X. McCarthy | University of New South Wales, Sydney, Australia |
| Alain Naef | ESSEC Business School and THEMA, France |
| Ankit Nyati | NMIMS University, Mumbai, India |
| Sebeom Oh | Temple University, PA, USA |
| Bora Ozkan | Temple University, PA, USA |
| Michael Parker | PRAXIS Communication University of Technology Sydney, Australia |
| Palak Rathi | NMIMS University, Mumbai, India |
| Robert A. Rodrigues | Saint Mary’s College of California, USA |
| Eduardo Russo | Tecnológico de Monterrey, Mexico |
| Henrik Skaug Sᴂtra | University of Oslo, Norway |
| Julianne Sellin | Temple University, PA, USA |
| Rushina Singhi | NMIMS University, Mumbai, India |
| Anubha Srivastava | Christ University, Bangalore, India |
| Tien Thi Thuy Tran | Massey University, New Zealand |
| Hai Hong Trinh | Massey University, New Zealand |
| Zhou Zucheng | Shanghai Jiao Tong University, China |
