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Sustainable Corporate Governance in Business and Management

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Sustainable Management".

Deadline for manuscript submissions: closed (6 March 2024) | Viewed by 2876

Special Issue Editors


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Guest Editor
School of Economics and Management, Tongji University, Shanghai 200092, China
Interests: strategic leadership; innovation strategy; corporate social responsibility; business ethics

E-Mail Website
Guest Editor
School of Economics and Management, Tongji University, Shanghai 200092, China
Interests: strategic leadership; corporate governance; corporate social responsibility; corporate sustainable development; innovation

Special Issue Information

Dear Colleagues,

Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. Sustainable corporate governance ensures that a company operates in an ethical and socially responsible manner, while also creating long-term value for its stakeholders. As the world continues to face environmental and social challenges, the need for sustainable corporate governance has become more pressing than ever before.

We invite scholars, researchers, and practitioners in the field of business and management to contribute their research and ideas on sustainable corporate governance. We aim to collect diverse perspectives and insights that advance our understanding of sustainable corporate governance and its implications for business and society.

In this Special Issue, original research articles and reviews are welcome. Research areas may include (but are not limited to) the following:

  • The role of corporate governance in promoting sustainability;
  • The impact of sustainability on corporate governance practices;
  • The challenges of implementing sustainable corporate governance in different industries and contexts;
  • The role of boards, executives, and investors in promoting sustainable governance practices;
  • The effectiveness of sustainable corporate governance in achieving long-term value creation;
  • The relationship between sustainable corporate governance and financial performance.

We look forward to receiving your contributions.

Prof. Dr. Shouming Chen
Dr. Yuanyuan Hu
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • sustainable corporate governance
  • corporate governance
  • sustainability, corporate social responsibility
  • environmental challenge
  • sustainable management

Published Papers (3 papers)

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Research

18 pages, 579 KiB  
Article
Strategies and Tools for Small- and Medium-Sized Enterprises (SMEs) to Move toward Green Operations: The Case of the Taiwan Metal Industry
by Chun-Hung Cheng, Bau-Jen Tang and Yea-Rong Cheng
Sustainability 2024, 16(11), 4705; https://doi.org/10.3390/su16114705 - 31 May 2024
Viewed by 369
Abstract
Net-zero carbon reduction has become a global supply chain development trend, and the EU has established CBAM regulations. Industries that fail to effectively reduce carbon emissions will face operational challenges under these regulations. For SMEs, carbon reduction is crucial for sustainable operations. To [...] Read more.
Net-zero carbon reduction has become a global supply chain development trend, and the EU has established CBAM regulations. Industries that fail to effectively reduce carbon emissions will face operational challenges under these regulations. For SMEs, carbon reduction is crucial for sustainable operations. To address this challenge, governments worldwide are formulating relevant policies and investing resources to help SMEs enhance their competitiveness. In Taiwan, the metal industry has an export ratio exceeding 45%, making it a significant global production base for metal products. This study conducted a green operational transformation survey on 230 SMEs in Taiwan’s metal industry. The Taiwanese government has devised a comprehensive carbon reduction approach for the metal industry, which includes environmental facilities, digital technology introduction, process and production technology improvement, resource recycling, and energy conversion as strategies and tools for promoting carbon reduction. According to this study, the aforementioned five promotion strategies have become essential tools for SMEs in their carbon reduction efforts. This study utilized a one-way ANOVA, Pearson correlation analysis, and simple regression analysis, all of which demonstrated significant correlations among these tools. These findings can serve as a reference for other partner countries, accelerating the global industry’s transition toward green operations. Full article
(This article belongs to the Special Issue Sustainable Corporate Governance in Business and Management)
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18 pages, 1016 KiB  
Article
The Proof Is in the Pudding: How Does Environmental, Social, and Governance Assurance Shape Non-Professional Investors’ Investment Preferences? Evidence from China
by Yingxue Gao and Yan Chen
Sustainability 2024, 16(11), 4699; https://doi.org/10.3390/su16114699 - 31 May 2024
Viewed by 366
Abstract
In this research, we conducted 1 × 3 and 2 × 2 between-subject experiments to delve into the impacts of ESG assurance, the assurance presentation mode, and the depth of assured ESG indicators on the investment inclination of non-professional investors. Our empirical findings [...] Read more.
In this research, we conducted 1 × 3 and 2 × 2 between-subject experiments to delve into the impacts of ESG assurance, the assurance presentation mode, and the depth of assured ESG indicators on the investment inclination of non-professional investors. Our empirical findings illuminated that non-professional investors exhibited a stronger inclination to invest in companies endorsed with ESG assurance compared to those lacking such endorsement. Furthermore, we observed that this inclination was heightened by presenting the ESG assurance report separately from the ESG report and by enriching the assured ESG indicators. Mediation analysis underscored that the influence of ESG assurance on the investment willingness of non-professional investors operated through its effect on their perception of companies’ ESG performances. This study stands as a valuable addition to the literature on non-financial information disclosure, shedding light on the pivotal role of ESG assurance. Full article
(This article belongs to the Special Issue Sustainable Corporate Governance in Business and Management)
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16 pages, 476 KiB  
Article
The Role of Passive Investors in Corporate Governance and Socially Responsible Investing: Evidence from Shareholder Proposals
by Lukai Yang, Xinhui Huang and Xiaochuan Song
Sustainability 2024, 16(1), 416; https://doi.org/10.3390/su16010416 - 3 Jan 2024
Cited by 2 | Viewed by 1523
Abstract
We study whether the substantial rise in passive ownership reshapes activist shareholders’ behavior in sponsoring shareholder proposals, which shareholders use to address issues they believe are crucial for the sustainable growth of a company. Our findings reveal a positive impact of passive investors [...] Read more.
We study whether the substantial rise in passive ownership reshapes activist shareholders’ behavior in sponsoring shareholder proposals, which shareholders use to address issues they believe are crucial for the sustainable growth of a company. Our findings reveal a positive impact of passive investors on the initiation of governance, socially responsible investing (SRI), and an aggregate of both proposals. Interestingly, we show that managerial ability and board co-option potentially moderate their link. In the subsequent analysis, we note a constructive influence of passive investors on post-initiation outcomes, evidenced by an increase in withdrawal and voting percentage of proposals corresponding to heightened levels of passive ownership. These findings suggest that passive investors foster communication between activists and management and endorse the case even when it progresses to the voting stage. More importantly, the market values these proposals positively as reflected in higher observed buy-and-hold returns. Finally, our results are robust to instrumental variable analysis using Russell reconstitution as an exogenous shock. Taken together, our study offers broad implications that passive investors can indirectly engage in promoting sustainable practices by encouraging activist investors to sponsor governance and socially responsible proposals, a collaborative approach where shareholders contribute to sustainability efforts. Full article
(This article belongs to the Special Issue Sustainable Corporate Governance in Business and Management)
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