Xiaolong Ma's research while affiliated with Zhengzhou University of Light Industry and other places

Publication (1)

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The ultimate goal of business development is to achieve sustainable corporate growth and maximize shareholder wealth. Whether and how ESG disclosure affects sustainable growth needs to be further explored. Combining stakeholder theory and signaling theory, a panel data test based on 300 listed companies in Shanghai and Shenzhen in China finds that...


... Third, internal control further enhances enterprise resilience by improving resource allocation efficiency, reducing operational risk, and increasing innovation output. Resource allocation efficiency enables firms to develop adaptive capacity, operational risk improves firm resistance, and firms with higher levels of innovation will have a greater advantage during a crisis [48]. ...