Determinants, Components and Impacts of Sustainable Governance
A special issue of Sustainability (ISSN 2071-1050).
Deadline for manuscript submissions: closed (28 February 2023) | Viewed by 10584
Special Issue Editors
Interests: sustainability; religiosity and cultural factors; non-financial disclosure, family business
Interests: sustainability and strategy; management control and accounting; strategic alliances; knowledge management
Special Issue Information
Dear Colleagues,
The aim of this Special Issue is to shed light on the new and challenging issues related to sustainable governance.
The role of governance as a fundamental pillar of sustainability is now widely recognized. However, this topic is still under-researched. Consequently, in order to provide scholars and professionals with deeper insight into sustainable governance, it is necessary to further investigate and systematize the relationship between governance and sustainability. The aim of this Issue is to stimulate the debate around the most relevant determinants and components of sustainable governance while also analyzing its impacts on firm value and organizational performance.
By sustainable governance we refer to a governance founded on sustainability paradigms, presenting all the characteristics and components suitable for generating long-term sustainable value and representing itself a first element of evaluation. In this sense, this concept can be adopted both in the public and private sectors and in a broad range of organizational settings including SMEs, large companies, family businesses, and non-profit and public organizations. This is exemplified by the increasingly widespread use of the term “good governance” (Newell and Wilson, 2002; Smith, 2007), the development of “Sustainable governance indicators in OECD countries” (2010), and the recent publication of the consultation paper “Toward Common Metrics and Consistent Reporting of Sustainable Value Creation” by the World Economic Forum (WEF) in 2020. This publication, in particular, regards sustainable governance as the first factor to consider when measuring the sustainable value created by companies (WEF, 2020).
The sustainable governance literature includes studies on the corporate governance of listed companies and the impact of sustainable governance on the financial performance of companies (Dal Maso et al., 2018; La Rosa et al, 2018; Verrecchia, 1983); research into national regulatory frameworks; and papers on social, cultural and behavioral influences (Baldini et al., 2018), risk management, and anticorruption (Cardoni et al., 2020; Lombardi et al. 2019).
This Special Issue of Sustainability will comprise a collection of empirical and theoretical studies covering a wide range of themes related to sustainable governance. In particular, we encourage submissions that address issues related (but not limited) to the following main topics:
- Corporate governance for sustainability;
- ESG and corporate governance;
- Determinants and antecedents of sustainable governance;
- Measurement and indicators of sustainable governance;
- Components and characteristics of sustainable governance;
- Impacts of sustainable governance on capital markets and financial performance (ROA, ROE, cost of debt, etc.);
- Sustainable governance and disclosure;
- Sustainable governance and risk management, audit procedures, and anticorruption strategies;
- Sustainable governance and gender studies;
- Sustainable governance in specific industries (i.e., tourism, banks, mining) or in specific geographical areas;
- Sustainable governance in specific settings such as family businesses, listed and unlisted companies, and SMEs;
- Sustainable governance in the public sector and non-profit organizations.
Papers selected for this Special Issue will undergo a rigorous peer-review process, with the aim of rapid and wide dissemination of research results.
References
Baldini, M., Dal Maso, L., Liberatore, G., Mazzi, F., & Terzani, S. (2018). Role of country-and firm-level determinants in environmental, social, and governance disclosure, Journal of Business Ethics, Volume150, Issue1, Pages 79-98.
Cardoni A., Kiseleva E., Lombardi R. (2020), A sustainable governance model to prevent corporate corruption: Integrating anticorruption practices, corporate strategy and business processes, Business Strategy and Environment, Volume29, Issue3, Pages 1173-1185.
Dal Maso, L., Mazzi, F., Soscia, M., & Terzani, S. (2018). The moderating role of stakeholder management and societal characteristics in the relationship between corporate environmental and financial performance, Journal of environmental management, Volume218, Pages 322-332.
La Rosa, F., Liberatore, G., Mazzi, F., & Terzani, S. (2018). The impact of corporate social performance on the cost of debt and access to debt financing for listed European non-financial firms, European Management Journal, Volume36, Issue4, Pages 519-529.
Lombardi R., Trequattrini R., Cuozzo B., Cano-Rubio M. (2019), Corporate corruption prevention, sustainable governance and legislation: First exploratory evidence from the Italian scenario, Journal of Cleaner Production, Volume217, Pages 666-675.
Newell R., Wilson G. (2002), A premium for good governance, McKinsey Quarterly, number 2, 2002.
Smith B.C. (2007), Good Governance and Development, Palgrave McMillan, New York.
Sustainable Governance Indicators (2010), Policy Performance and Executives Capacity in the OECD, Verlag Bertelsmann Stiftung, Berlin.
Verrecchia, R. E. (1983). Discretionary disclosure, Journal of accounting and economics, Volume5, Pages 179-194.
WEF (2020), Toward Common Metrics and Consistent Reporting of Sustainable Value Creation, World Economic Forum Publishing.
Prof. Dr. Simone Terzani
Prof. Dr. Andrea Cardoni
Prof. Dr. Giovanni Liberatore
Guest Editors
Manuscript Submission Information
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