... and firm governance mechanisms for greater ESG engagement. More specifically, the authors investigate whether public governance stimulates excessive ESG engagement and whether corporate governance moderates this relationship. Design/methodology/approach Using a sample of 43,803 firm-year observations...

... that are culturally similar and have the same regulation in order to be able to study other elements. Findings The authors find that the success of microfinance is linked to its economic performance, in terms of both levels of per capita income and growth, as well as regulatory and public governance...