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has been cited by the following article:

• TITLE: The Impact Path of Executive Team Heterogeneity and Environmental-Social-Governance on Corporate Performance

  AUTHORS: Zhengguang Hu, Lin Ma, Xinyan Xu

  KEYWORDS: ESG, Executive Team Heterogeneity, Corporate Performance, Fuzzy Set Qualitative Comparative Analysis

  JOURNAL NAME: Technology and Investment, Vol.14 No.4, November 16, 2023

  ABSTRACT: Taking pharmaceutical manufacturing companies listed in Shanghai and Shenzhen A-share in 2021 as a sample, this paper explores the synergistic effects and driven paths of ESG and five dimensions of executive team heterogeneity on corporate performance by applying fuzzy-set Qualitative Comparative Analysis (fsQCA). This paper finds that: 1) A single factor is not necessary to drive corporate performance, and there is asymmetry in the impact of each antecedent condition on corporate performance; 2) There are three driven paths for high corporate performance: ESG-driven path, social interaction-driven path, and team conflict-driven path.