International Business Management and Sustainability

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Sustainability and Finance".

Deadline for manuscript submissions: 16 April 2024 | Viewed by 19445

Special Issue Editor


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Guest Editor
Department of International Business, National Dong Hwa University, Hualien 97401, Taiwan
Interests: international business management; sustainability; applied economics and finance; real options; decision science; green economics; stochastic finance
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Special Issue Information

Dear Colleagues,

This Special Issue of International Business Management and Sustainability is multidisciplinary in scope and interdisciplinary in content and methodology, publishing content from a broad range of international business and sustainability studies:

  • The activities, strategies, structures, and decision-making processes of multinational enterprises for sustainability;
  • Interactions between multinational enterprises and other actors, organizations, institutions, and markets for sustainability;
  • The cross-border activities of firms (intrafirm trade, finance, investment, technology transfers, offshore services) from a sustainability perspective;
  • How the international environment (cultural, economic, legal, political) affects the activities, strategies, structures, and decision-making processes of firms within the sustainability concept;
  • The international dimensions of organizational forms (strategic alliances, mergers, and acquisitions) and activities (e.g., entrepreneurship, knowledge-based competition, corporate governance) from a sustainability viewpoint ;
  • Cross-country comparative studies of businesses, business processes, and organizational behavior in different countries and environments to meet sustainability;
  • Other topics related to sustainability—defining and quantifying sustainability; measuring and monitoring sustainability; sustainability tools; applications of sustainability; policies and laws relating to sustainability; sustainability science in the fields of applied economics and finance.

Our aim is to encourage scientists to publish their experimental and theoretical research relating to natural sciences, social sciences, and humanities in as much detail as possible in order to promote scientific predictions and impact assessments of global change and development. Full experimental and methodical details must be provided so that the results can be reproduced.

Prof. Dr. Tyrone T. Lin
Guest Editor

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. Journal of Risk and Financial Management is an international peer-reviewed open access monthly 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 1400 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

  • international business management
  • sustainability
  • applied economics and finance
  • sustainable finance
  • risk and financial management
  • green finance
  • ethical finance
  • corporate social responsibility
  • socially responsible investments
  • sustainable investing and sustainable funds
  • sustainable governance
  • sustainability of business
  • economics and environment
  • sustainable education
  • not limited to the above keywords, submissions are welcome in other related countries' business management and sustainable management issues

Published Papers (5 papers)

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Research

16 pages, 693 KiB  
Article
A Synergy Value Analysis of Sustainable Management Projects: Illustrated by the Example of the Aesthetic Medicine Industry
by Tyrone T. Lin, Hui-Tzu Yen and Shu-Yen Hsu
J. Risk Financial Manag. 2022, 15(8), 348; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm15080348 - 05 Aug 2022
Cited by 1 | Viewed by 1623
Abstract
This study aims to construct a mathematical model to determine the dimensions of an economic, social, and environmental project with the goal of sustainable management. By identifying the optimal weights, the synergy values for sustainable management can be maximized. Taking aesthetic medicine companies [...] Read more.
This study aims to construct a mathematical model to determine the dimensions of an economic, social, and environmental project with the goal of sustainable management. By identifying the optimal weights, the synergy values for sustainable management can be maximized. Taking aesthetic medicine companies as examples, this study attempts to construct the index projects of the economic, social, and environmental dimensions of sustainable management in an uncertain environment. Linear relationships (a combination of fixed synergistic values and varying synergistic values) are used to calculate the import optimal weight under optimistic, normal, and pessimistic circumstances. This study helped companies to introduce triple bottom line (TBL) indices to plan their issues under sustainable management and development, thus, enabling the parent company to achieve the optimal weight for the project costs to put in its subsidiaries. Additionally, this study prioritizes the weight of the influence on the management of the aesthetic medicine industry according to the risk probabilities, to minimize the uncertainties of risk management in corporate management and reduce the possibility of direct and indirect cost losses caused by financial distress, functional fluctuations, and negative impact on the medical equipment market, thereby maximizing the estimated total project value under sustainable management. This study constructs an aesthetic medicine-specific mathematical model concept using the triple bottom line model as the basis for sustainable corporate management and proposes an approach to obtain sustainable weight in uncertain conditions. By doing so, companies can add various managerial methods for the same industry, and new ideas are provided to the academic community to discuss the development of decision-making assessment criteria for risk assessments in sustainable management. Full article
(This article belongs to the Special Issue International Business Management and Sustainability)
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16 pages, 340 KiB  
Article
An Optimal Compensation Agency Model for Sustainability under the Risk Aversion Utility Perspective
by Tyrone T. Lin and Tsai-Ling Liu
J. Risk Financial Manag. 2021, 14(3), 106; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14030106 - 05 Mar 2021
Cited by 1 | Viewed by 1626
Abstract
This paper explores how to construct a fair and optimal compensation system between the principal and the agent in the face of financial compensation agency problems during a limited period in relation to the concept of sustainability. In the construction of the principal’s [...] Read more.
This paper explores how to construct a fair and optimal compensation system between the principal and the agent in the face of financial compensation agency problems during a limited period in relation to the concept of sustainability. In the construction of the principal’s compensation system, the agent’s degree of operational financial effort will affect the overall revenue function for reaching sustainability. Both the principal and the agent have a maximum expected utility in the negative exponential pattern of the general hyperbolic absolute risk aversion (HARA) utility function that satisfies their respective objective functions. The proposed model and numerical example analysis results prove that the compensation system for sustainability can provide a fair and optimal financial system, from a sustainability perspective. The main contribution of this study is the construction and development of an optimal compensation agency model for risk management, which is derived by considering the effect of risk aversion utility on revenue. The proposed model can provide a fair and feasible approach within the issue of compensation, from the viewpoint of sustainability, for an optimal compensation agency problem. Full article
(This article belongs to the Special Issue International Business Management and Sustainability)
19 pages, 1360 KiB  
Article
The Concept of Sustainable Rural Tourism Development in the Face of COVID-19 Crisis: Evidence from Russia
by Anna Polukhina, Marina Sheresheva, Marina Efremova, Oxana Suranova, Oksana Agalakova and Anton Antonov-Ovseenko
J. Risk Financial Manag. 2021, 14(1), 38; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14010038 - 17 Jan 2021
Cited by 53 | Viewed by 10349
Abstract
In the context of globalized processes, the importance of the sustainable development concept in solving the problems of local tourism systems development is growing. Unprecedented challenges caused by the COVID-19 crisis in the tourism sector, on the one hand, questioned the possibility of [...] Read more.
In the context of globalized processes, the importance of the sustainable development concept in solving the problems of local tourism systems development is growing. Unprecedented challenges caused by the COVID-19 crisis in the tourism sector, on the one hand, questioned the possibility of fulfilling the Sustainable Development Goals (SDGs) and the goals of sustainable tourism. On the other hand, they emphasized the need for balance between three pillars of sustainability, both as an urgency tool to cope with the pandemic crisis and as a solid basis for long-term development in the post-pandemic period. The study presented in the paper discusses sustainability issues in rural tourism as one of the most promising sectors for the development of domestic tourism on the example of the Russian tourism industry. The overall goal of the study initiated in the pre-pandemic period is to find ways to support sustainable rural tourism in Russian regions and to develop indicators for monitoring the effectiveness of local strategic development programs, taking into account national and regional specifics. This paper discusses intermediate results obtained with the adjustment for pandemic challenges. The authors combined a number of methods and techniques, namely desk research, statistical analysis, and analysis of empirical data obtained by means of in-depth interviews, as well as a survey using a formal questionnaire. The results confirm that Russian enterprises and local communities considered the three pillars of sustainability as important to develop tourism in rural destinations both in the pre-pandemic period and in times of challenges caused by the COVID-19 pandemic. At the same time, the findings show weaknesses in the federal and local policy, including the lack of systemic measures to improve the sustainable management of Russian tourism destinations. From the authors’ point of view, it makes sense to adapt the European tourism indicator system for sustainable destinations (ETIS) for local peculiarities. ETIS is a useful tool to boost the sustainable development of rural destinations by encouraging stakeholder engagement and monitoring processes. In the case of Russia, one needs to add indicators for monitoring the effectiveness of the implementation of strategic development programs in the field of tourism. Full article
(This article belongs to the Special Issue International Business Management and Sustainability)
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15 pages, 292 KiB  
Article
Decision Analysis on Sustainable Value: Comparison of the London and Taiwan Markets for Product Integration of Family Security Services and Residential Fire Insurance
by Jen-Chieh Lee and Tyrone T. Lin
J. Risk Financial Manag. 2020, 13(11), 266; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm13110266 - 30 Oct 2020
Viewed by 1683
Abstract
This paper explores a decision analysis on product integration of family security services and residential fire insurance in the London and Taiwan markets by using the proposed mathematical models for counting sustainable value. This paper shows the five main different results between London [...] Read more.
This paper explores a decision analysis on product integration of family security services and residential fire insurance in the London and Taiwan markets by using the proposed mathematical models for counting sustainable value. This paper shows the five main different results between London and Taiwan markets with ten different parameters of the family security market, to find out the optimal number of family security integrated services for each security company in London. The improvement of the risk aversion effect based on risk and financial management will enhance the market share of the private security industries in the London and Taiwan markets. The results of this research can serve as a reference for the decision-making of private security industries on product integration under sustainable value consideration. The research findings highlight the potential benefits for both the private security industry and the insurance industry in their design and negotiation for product integration to improve both of business operation and achieve corporate social responsibility goals to match the sustainability in the future. Full article
(This article belongs to the Special Issue International Business Management and Sustainability)
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18 pages, 619 KiB  
Article
The Criteria of Optimal Training Cost Allocation for Sustainable Value in Aesthetic Medicine Industry
by Tyrone T. Lin and Hui-Tzu Yen
J. Risk Financial Manag. 2020, 13(7), 149; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm13070149 - 08 Jul 2020
Cited by 1 | Viewed by 3018
Abstract
Medical disputes that result in medical compensation and losses affect the financial management and sustainable operational risks of enterprises. Employee training plays an important role in the sustainable growth of human resource management and also can help avoid any potential risks to enterprises’ [...] Read more.
Medical disputes that result in medical compensation and losses affect the financial management and sustainable operational risks of enterprises. Employee training plays an important role in the sustainable growth of human resource management and also can help avoid any potential risks to enterprises’ operating revenue. Based on data of a company, this study’s model aims to establish a mathematical model to find the most suitable decision variables in order to provide decision-making analysis and judgment of a company’s individual economic behaviors. From the second-order differential modeling method, where the functional training time of the aesthetic medicine industry (including medical errors/dispute incidences, functional training costs, and medical benefits) links to a specific functional relationship, the optimal decision-making model and evaluation criteria for the proportion of this training time under the concept of sustainable management can be constructed. The method proposed herein reduces medical errors or disputes, strengthens risk and financial management, provides customers with the best service quality, and serves as the basis for decision-making evaluation of the maximum benefits of sustainable operations. Full article
(This article belongs to the Special Issue International Business Management and Sustainability)
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