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Sustainability
Special Issues
Industrial Economics, International Development and Sustainability
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Industrial Economics, International Development and Sustainability

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (31 May 2022) | Viewed by 5223

Special Issue Editors

Prof. Dr. Theodosios Palaskas

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Guest Editor
Department of Economcs & Regional Development, Panteion University, 136 Syngrou Av., 17671 Athens, Greece
Interests: microeconomic analysis; economic development; quantitative methods; regional development; industrial organisation; public policy; management
Dr. Chrysostomos Stoforos

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Guest Editor
Department of Economcs & Regional Development, Panteion University, 136 Syngrou Av., 17671 Athens, Greece
Interests: microeconomic analysis, economic development & growth, quantitative methods, industrial organisation
Dr. Maria Tsampra

E-Mail Website
Guest Editor
Department of Business Administration of Food & Agricultural Enterprises, University of Patras, 2 G. Seferi str., 30100 Agrinio, Greece
Interests: economic geography, regional development and sustainability, small entrepreneurship, spatial division of labour, digital transition, qualitative research

Special Issue Information

Dear Colleagues,

Sustainability is a very broad concept meaning, generally, the adoption of new techniques and philosophies that minimise the depletion of natural resources to maintain ecological balance, create more inclusive societies, and alleviate poverty. Sustainability economics addresses the issue of growth by promoting the broader concept of economic development that takes into account the environmental and sociospatial impacts of economic activities. Achieving sustainable development means that business and industry will have to adjust production processes and operational structures towards reducing their environmental footprint (pollution, energy consumption, etc.) while increasing their socioeconomic contribution in local communities and regional prosperity.  In this context, this Special Issue, starting from the premise that the overall goals of economic development and environmental conservation are not conflicting but mutually reinforcing, will comprise selected cross-disciplinary papers on innovative business practices and models of sustainable development and their environmental/social/economic impact as well as national/regional/industrial policies supporting and enhancing sustainable development. The Special Issue requires multidisciplinary contributions exploring and critically elaborating the issues and advances in this thematic field.

Prof. Dr. Theodosios Palaskas
Dr. Chrysostomos Stoforos
Dr. Maria Tsampra
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

  • sustainability and growth
  • sustainable development
  • environmental sustainability
  • sustainable business/industry models
  • corporate social responsibility
  • social business innovation and social impact
  • inequality alleviation
  • sustainability policies

Published Papers (1 paper)

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Research

21 pages, 360 KiB  
Article
Corporate Social Responsibility and Firm Performance in GCC Countries: A Panel Smooth Transition Regression Model
by Wafa Ghardallou and Noha Alessa
Sustainability 2022, 14(13), 7908; https://doi.org/10.3390/su14137908 - 29 Jun 2022
Cited by 19 | Viewed by 4189
Abstract
There is evidence for mixed effects of corporate social responsibility (CSR) on corporate financial performance. In particular, evidence is reported to be positive, negative, and insignificant. These controversies are generally explained by two opposing schools of thought, which are the social impact hypothesis [...] Read more.
There is evidence for mixed effects of corporate social responsibility (CSR) on corporate financial performance. In particular, evidence is reported to be positive, negative, and insignificant. These controversies are generally explained by two opposing schools of thought, which are the social impact hypothesis and the shift of focus hypothesis. This paper attempts to contribute to the ongoing debate by investigating whether the relationship between CSR and firm financial results is nonlinear. Therefore, this research relies on a panel smooth transition regression (PSTR) model in order to calculate the value transition threshold of CSR in 70 Gulf Cooperation Council (GCC) firms from 2015 to 2020, using the CSR composite index and various CSR dimensions, which include environmental, social, and governance transition dimensions. Empirical findings indicate that investment in CSR does not help to boost corporate value until it exceeds the value transition threshold. However, when the marginal benefit exceeds the cost, CSR investment becomes a positive contributor to corporate performance. Furthermore, results indicate that the nonlinear relationship persists when using the individual CSR dimensions, i.e., governmental, social, and environmental CSR measurements. Finally, an interesting finding shows that the social CSR dimension is associated with the highest threshold level. Hence, firms should invest more in the social aspects of CSR in order to see their profitability increase. Full article
(This article belongs to the Special Issue Industrial Economics, International Development and Sustainability)
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