THEORIES OF THE INFLUENCE OF ESG FACTORS ON THE ACTIVITIES OF PUBLIC COMPANIES: THE POSSIBILITY OF APPLICATION IN MODERN PRACTICE

Oksana E. Gudkova; Yuliya B. Kostrova

doi:10.55186/2658-3569-2026-1-13-28

UDC

331.1

VAK Russia

5.2.6

THEORIES OF THE INFLUENCE OF ESG FACTORS ON THE ACTIVITIES OF PUBLIC COMPANIES: THE POSSIBILITY OF APPLICATION IN MODERN PRACTICE

Published in International Journal of Applied Sciences and Technology Integral · Pages 13–28 · Rubric: Management

DOI: https://doi.org/10.55186/2658-3569-2026-1-13-28 · EDN: MSFEVO

Received: 18.02.2026 Accepted: 30.03.2026 Published: 02.04.2026

Authors

Oksana E. Gudkova

Yuliya B. Kostrova

Oksana E. Gudkova

Academic degree: doctor of economic sciences

Ryazan branch of the «Moscow Witte University» Associate Professor · Department of Business and Management · Russian Federation · Ryazan

Yuliya B. Kostrova

Academic degree: candidate of economic sciences

Science rang: docent

azan branch of the «Moscow Witte University» Head of the Department · Department of Business and Management · Russian Federation · Ryazan

ABSTRACT

This article presents a study focused on examining how environmental, social, and corporate governance (ESG) factors influence the performance of public joint-stock companies within the current economic environment. The main objective is to consolidate and structure the core theoretical models that explain how commitment to sustainability principles correlates with financial results. The analysis investigates how each model reveals the reasons why companies decide to disclose ESG performance metrics and how they approach risk management. In the concluding section, the authors offer specific recommendations for improving ESG disclosure and the practical implementation of sustainable approaches, emphasizing the need for reporting standardization and data verification to enhance long-term financial stability and competitiveness. It is demonstrated that the success of domestic organizations depends on shifting the focus from formal compliance (minimizing the risk of fines) to strategic integration (maximizing long-term value). Failure to account for this factor will lead to a loss of investor confidence, which directly contradicts ESG principles.

KEYWORDS

ESG factors; public companies; sustainable development; corporate strategy; risk management; environmental factors; social factors; management factors

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GOST

Gudkova O. E., Kostrova Y. B. THEORIES OF THE INFLUENCE OF ESG FACTORS ON THE ACTIVITIES OF PUBLIC COMPANIES: THE POSSIBILITY OF APPLICATION IN MODERN PRACTICE // . 2026. pp. 13-28. DOI: https://doi.org/10.55186/2658-3569-2026-1-13-28. EDN: MSFEVO. (Date of access 19.08.2026).

MLA

Oksana E. Gudkova, Kostrova Y. B.. "THEORIES OF THE INFLUENCE OF ESG FACTORS ON THE ACTIVITIES OF PUBLIC COMPANIES: THE POSSIBILITY OF APPLICATION IN MODERN PRACTICE." (2026): 13-28. DOI: https://doi.org/10.55186/2658-3569-2026-1-13-28. EDN: MSFEVO.

APA

Gudkova O. E., Kostrova Y. B. (2026). THEORIES OF THE INFLUENCE OF ESG FACTORS ON THE ACTIVITIES OF PUBLIC COMPANIES: THE POSSIBILITY OF APPLICATION IN MODERN PRACTICE. , 13-28. https://doi.org/10.55186/2658-3569-2026-1-13-28 EDN: MSFEVO.

Chicago

Oksana E. Gudkova, Kostrova Y. B.. "THEORIES OF THE INFLUENCE OF ESG FACTORS ON THE ACTIVITIES OF PUBLIC COMPANIES: THE POSSIBILITY OF APPLICATION IN MODERN PRACTICE." , no. (2026): 13-28. https://doi.org/10.55186/2658-3569-2026-1-13-28. EDN: MSFEVO.

WIKI

{{cite journal | author = Gudkova O. E., Kostrova Y. B. | title = THEORIES OF THE INFLUENCE OF ESG FACTORS ON THE ACTIVITIES OF PUBLIC COMPANIES: THE POSSIBILITY OF APPLICATION IN MODERN PRACTICE | journal = | year = 2026 | pages = 13-28 | doi = 10.55186/2658-3569-2026-1-13-28 }} EDN: MSFEVO

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THEORIES OF THE INFLUENCE OF ESG FACTORS ON THE ACTIVITIES OF PUBLIC COMPANIES: THE POSSIBILITY OF APPLICATION IN MODERN PRACTICE

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