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Enhancing Sustainability through Organizational Purpose

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

Deadline for manuscript submissions: closed (28 February 2023) | Viewed by 14073

Special Issue Editors


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Guest Editor
Industrial Management Department, University of Navarra, TECNUN, 20018 San Sebastian, Spain
Interests: circular economy; sustainability; purpose
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Industrial Management Department, University of Navarra, TECNUN, 20018 San Sebastian, Spain
Interests: continuous improvement; organizational purpose; sustainability; strategic human resource management

Special Issue Information

Dear Colleagues,

In recent years, the effect of intangibles on the total value of an organization has increased considerably, climbing to more than 50%. Citizens increasingly demand more sustainable organizations that are able to offer solutions that have a positive impact on society and the environment in which they operate. Responding to these calls is crucial for organizations to instill confidence in and establish legitimacy for their operations. To this end, new organizational models should be sought that incorporate the three dimensions of sustainability (economic, social, and environmental) into their day-to-day operations.

It seems that one of the most effective organizational aspects to drive this paradigm shift is having an organizational culture that gives meaning to and strengthens the sense of sustainability the daily work of companies. The role of managers, strategy, management systems, organizational policies, workers themselves, and the interrelationship between them are key variables to enhance the sense of purpose and create a culture of sustainability in the company.

However, there is a lack of academic research on which to base the change toward organizational sustainability. In this Special Issue, we seek papers that work on improving some or all of the dimensions of sustainability from the point of view of organizational culture.

Dr. Marta Ormazabal
Dr. Álvaro Lleó
Guest Editors

Manuscript Submission Information

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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

  • sustainability
  • social sustainability
  • economic sustainability
  • environmental sustainability
  • organizational purpose
  • organizational culture

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Published Papers (2 papers)

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Research

11 pages, 424 KiB  
Article
Purpose in Corporate Governance: The Path towards a More Sustainable World
by Joan Enric Ricart and Carlos Rey
Sustainability 2022, 14(8), 4384; https://doi.org/10.3390/su14084384 - 7 Apr 2022
Cited by 7 | Viewed by 2886
Abstract
In order to give a more realistic view of how ESG and sustainability are developed in organisations, this paper explores the development of purpose in corporate governance and the challenges faced. The theme is analysed at the intersection between stakeholder theory and business [...] Read more.
In order to give a more realistic view of how ESG and sustainability are developed in organisations, this paper explores the development of purpose in corporate governance and the challenges faced. The theme is analysed at the intersection between stakeholder theory and business models in two dimensions: the capability of the market to align stakeholders’ interests (invisible hand) and the trade-offs between purpose and profit. The analysis conducted gave rise to four scenarios with a range of theoretical and practical implications focused on corporate governance. Full article
(This article belongs to the Special Issue Enhancing Sustainability through Organizational Purpose)
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16 pages, 472 KiB  
Article
Corporate Sustainability and Firm Performance: The Moderating Role of CEO Education and Tenure
by Wafa Ghardallou
Sustainability 2022, 14(6), 3513; https://doi.org/10.3390/su14063513 - 17 Mar 2022
Cited by 44 | Viewed by 10287
Abstract
The aim of this research is to investigate the impact of corporate sustainability on a firm’s financial performance. It particularly investigates the effectiveness of CEO characteristics as a moderator on corporate social responsibility (CSR)–firm financial performance linkages. This study is unique since it [...] Read more.
The aim of this research is to investigate the impact of corporate sustainability on a firm’s financial performance. It particularly investigates the effectiveness of CEO characteristics as a moderator on corporate social responsibility (CSR)–firm financial performance linkages. This study is unique since it sheds new insight on how a CEO’s attributes may influence the relationship between CSR and financial performance. The evidence so far is sparse, since previous studies have investigated the direct effects of CEO or CSR on corporate performance. We look at a sample of 34 Saudi publicly traded companies from 2015 to 2020. Data on financial, accounting, and sustainability variables are collected from the Bloomberg database and the annual reports of the selected companies. Findings reveal that firms engaged in corporate social responsibility practices tend to have better financial performance. More importantly, it is found that in the moderation relationship of firm financial performance with corporate sustainability, CEO education and tenure act as positive moderators. In particular, results indicate that CEOs having an engineering- or a science-related degree positively affect the relationship between CSR and business performance. The relationship is further enhanced when the CEO holds an MBA. Finally, longer tenured CEOs play a positively moderating role in the association between firm performance and CSR. Full article
(This article belongs to the Special Issue Enhancing Sustainability through Organizational Purpose)
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