Effect of Environmental, Social, and Governance (ESG) Practices on Competitive Advantage in Agribusiness: A Comparative Institutional Analysis of Nigeria and Brazil.

Authors: Ozike, Kingsley Chibuzo; Ebunu, Ikugbe Eldred; Okonkwo, Faith Odinakachi; Kamara, Mohamed Saidu; Adebanjo, Oluwaseun Samuel; Ekanoye, Bolanle Joel; Nwachukwu, Odili Hilary DOI Crossref 10.66694/siar.gjmbr20262001

Affiliation: Chukwuemeka Odumegwu Ojukwu University, Anambra State, Nigeria.

Corresponding Author: [email protected]

April 26, 2026

SIAR-Global Journal of Management & Business Review

DOI: 10.5281/zenodo.19798637

Effect of Environmental, Social, and Governance (ESG) Practices on Competitive Advantage in Agribusiness: A Comparative Institutional Analysis of Nigeria and Brazil.

Research Article Business

Abstract

Abstract This study examines Environmental, Social, and Governance (ESG) practices as strategic resources for competitive advantage in agribusiness, with a comparative institutional focus on Nigeria and Brazil. The study adopts a descriptive survey research design, and data were collected from a total population of 193 respondents drawn from fifteen agribusiness firms using a structured questionnaire. The data were analysed using linear regression to determine the effect of environmental, social, and governance practices on operational efficiency, market reputation, and financial performance (respectively). The findings reveal that environmental practices have a strong positive and significant effect on operational efficiency (β = 0.638, t = 10.210, p = < 0.001), indicating that improved resource management and environmental sustainability enhance productivity and reduce operational costs. Social practices were also found to exert a significant positive effect on market reputation (β = 0.602, t = 9.584, p = < 0.001), suggesting that stakeholder engagement and corporate social responsibility initiatives strengthen corporate image and public perception. Furthermore, governance practices exhibit a strong positive and significant effect on financial performance (β = 0.619, t = 9.892, p = < 0.001), demonstrating that transparency, accountability, and effective management systems contribute to improved financial outcomes. The study concludes that ESG practices are critical drivers of competitive advantage in agribusiness, as they enhance efficiency, reputation, and financial performance. It is therefore recommended that that agribusiness firms adopt integrated ESG strategies to improve sustainability and competitiveness, while policymakers should strengthen institutional frameworks to support effective ESG implementation across both countries.

Keywords

ESG Practices, Competitive Advantage, Agribusiness, Resource-Based View, Comparative Institutional Analysis, Nigeria & Brazil.

Full Article

Download Full Article (PDF)

How to Cite

Ozike, Kingsley Chibuzo; Ebunu, Ikugbe Eldred; Okonkwo, Faith Odinakachi; Kamara, Mohamed Saidu; Adebanjo, Oluwaseun Samuel; Ekanoye, Bolanle Joel; Nwachukwu, Odili Hilary DOI Crossref 10.66694/siar.gjmbr20262001 (2026). Effect of Environmental, Social, and Governance (ESG) Practices on Competitive Advantage in Agribusiness: A Comparative Institutional Analysis of Nigeria and Brazil.. SIAR-Global Journal of Management & Business Review, Vol. 2, No. 2. DOI: 10.5281/zenodo.19798637

Share This Article

Facebook LinkedIn

Effect of Environmental, Social, and Governance (ESG) Practices on Competitive Advantage in Agribusiness: A Comparative Institutional Analysis of Nigeria and Brazil.

Abstract

Keywords

Full Article

How to Cite

Share This Article

Article Information

Related Articles

Digital Transformation in Brazilian Agribusiness Value Chains: Driving …

Measuring the Impact on Environmental Science and Governance …

About This Journal

SIAR-Global Journal of Management & Business Review