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Sustainable Business Development in Society

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 December 2021) | Viewed by 21655

Special Issue Editors


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Guest Editor
Murdoch Business School, Murdoch University, Perth, WA 6150, Australia
Interests: fintech; derivatives; data analytics; energy
Murdoch Business School, Murdoch University, Perth 6150, Australia
Interests: fintech; derivatives; supply chain; accounting framework

Special Issue Information

Dear Colleagues,

Leading global corporations embrace sustainable business development (SBD) as a strategic framework for integrating their business operations, creating innovative solutions to the business environment's complex needs and requirements, and thinking strategically about leading change. The COVID-19 pandemic has significantly impacted practically every aspect of business, and business and SBD has become very challenging for day-to-day operations. This Special Issue focuses on the following research areas that can contribute to sustainable business development in society:

Derivatives: Derivatives perform a significant role in financial activity by enabling businesses and investors to manage their financial risks for which they are exposed, and to more effectively associate their experiences with risk tolerance and risk management requirements. The derivatives market also plays a significant role in enhancing transparency by providing forwarding information on the underlying commodities, securities, or assets that ultimately contribute to the business's long-term sustainability objectives.

Supply chain: Sustainability is becoming a significant priority for business enterprises. As consumers become more quality and cost-aware, businesses are striving to reduce their impact on the competitive world around them. The supply chain performs a critical role in sustainability for their business.

Financial innovation: Fintech has evolved and disrupted almost all aspects of financial services, including payments, investments, consumer finance, insurance, securities settlement, and cryptocurrencies. It works as a sustainable financial innovation.

Accounting frameworks: Sustainability accounting connects companies' strategies from a sustainability framework by disclosing environmental, economic, and social information. It is a useful tool to identify, evaluate, and manage social and environmental risks by determining resource efficiency and cost savings issues with financial opportunities.

Dr. Ariful Hoque
Dr. Thi Le
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

  • derivatives
  • supply chain management
  • fintech
  • accounting frameworks

Published Papers (4 papers)

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Research

16 pages, 464 KiB  
Article
Performance of Socially Responsible Investment Funds in China: A Comparison with Traditional Funds
by Fateh Saci, Sajjad M. Jasimuddin and Morshadul Hasan
Sustainability 2022, 14(3), 1476; https://0-doi-org.brum.beds.ac.uk/10.3390/su14031476 - 27 Jan 2022
Cited by 5 | Viewed by 2943
Abstract
This paper empirically examines and compares social responsibility investment funds to traditional funds, and explores the performance of the existing social responsibility investment funds in China. Based on 64 social responsibility investment funds (SRI Funds) and 64 traditional funds, this paper extracts the [...] Read more.
This paper empirically examines and compares social responsibility investment funds to traditional funds, and explores the performance of the existing social responsibility investment funds in China. Based on 64 social responsibility investment funds (SRI Funds) and 64 traditional funds, this paper extracts the data of the sample fund from the fourth quarter of 2016 to the fourth quarter of 2019 as sample data to conduct a comparative analysis of the difference between the SRI fund and the traditional fund in terms of return and risk, and to then empirically study the performance of the funds. The results show that the difference between the return of China’s socially responsible investment funds and the traditional funds is insignificant, and the risk of socially responsible investment funds is significantly lower than that of traditional funds. The regression analysis is also carried out on a model of social responsibility as a factor affecting the performance of the funds. Subsequently, the results show that social responsibility has a significant positive impact on the fund’s return in the Chinese market. Full article
(This article belongs to the Special Issue Sustainable Business Development in Society)
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12 pages, 668 KiB  
Article
Can System Log Data Enhance the Performance of Credit Scoring?—Evidence from an Internet Bank in Korea
by Sunghyon Kyeong, Daehee Kim and Jinho Shin
Sustainability 2022, 14(1), 130; https://0-doi-org.brum.beds.ac.uk/10.3390/su14010130 - 23 Dec 2021
Cited by 6 | Viewed by 3374
Abstract
The credit scoring model is one of the most important decision-making tools for the sustainability of banking systems. This study is the first to examine whether it can be improved by using system log data that are stoed extensively for system operation. We [...] Read more.
The credit scoring model is one of the most important decision-making tools for the sustainability of banking systems. This study is the first to examine whether it can be improved by using system log data that are stoed extensively for system operation. We used the log data recorded by the mobile application system of KakaoBank, a leading internet bank used by more than 14 million people in Korea. After generating candidate variables from KakaoBank’s log data, we created a credit scoring model by utilizing variables with high information values and logistic regression, the most common method for developing credit scoring models in financial institutions. To prove our hypothesis on the improvement of credit scoring model performance, we performed an independent sample t-test using the simulation results of repeated model development and performance measurement based on randomly sampled data. Consequently, the discrimination power of the proposed model using logistic regression (neural network) compared to the credit bureau-based model significantly improved by 1.84 (2.22) percentage points based on the Kolmogorov–Smirnov statistics. The results of this study suggest that a bank can utilize the accumulated log data inside the bank to improve decision-making systems, including credit scoring, at a low cost. Full article
(This article belongs to the Special Issue Sustainable Business Development in Society)
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13 pages, 309 KiB  
Article
Corporate Social Responsibility Disclosure and Its Effect on Firm Risk: An Empirical Research on Vietnamese Firms
by Cao Thi Mien Thuy, Nguyen Vinh Khuong and Nguyen Thanh Liem
Sustainability 2021, 13(22), 12933; https://0-doi-org.brum.beds.ac.uk/10.3390/su132212933 - 22 Nov 2021
Cited by 5 | Viewed by 3512
Abstract
The purpose of the study was to gather empirical evidence on the influence of corporate social responsibility (CSR) disclosure on firm risk of Vietnam’s publicly listed companies. We used adjusted OLS estimation and regression analysis with adjusted panel data for heteroskedasticity and/or autocorrelation [...] Read more.
The purpose of the study was to gather empirical evidence on the influence of corporate social responsibility (CSR) disclosure on firm risk of Vietnam’s publicly listed companies. We used adjusted OLS estimation and regression analysis with adjusted panel data for heteroskedasticity and/or autocorrelation to analyze the correlation using data from 225 listed companies on Vietnam’s stock market from 2014 to 2019. The study’s sample period is relatively recent in the emerging market, especially considering regulatory differences and the availability of voluntary disclosure requirements. The findings of research on the relationship between CSR and corporate risk are mixed, particularly in developing markets. Research findings reveal a negative and significant association between CSR and firm risk, implying that stronger CSR performance lowers a company’s risk. This aims to strengthen a research perspective of this connection in emerging countries. Following that, we discuss some policy implications for listed firms and regulators in CSR disclosure. Full article
(This article belongs to the Special Issue Sustainable Business Development in Society)
16 pages, 414 KiB  
Article
Factors Influencing Corporate Social Responsibility Disclosure and Its Impact on Financial Performance: The Case of Vietnam
by Thanh Hung Nguyen, Quang Trong Vu, Duc Minh Nguyen and Hoang Long Le
Sustainability 2021, 13(15), 8197; https://0-doi-org.brum.beds.ac.uk/10.3390/su13158197 - 22 Jul 2021
Cited by 21 | Viewed by 10470
Abstract
The study examines the impact of company size, industry sensitivity, government ownership, liquidity and company age on Corporate Social Responsibility Disclosure (CSRD) in 2019 annual reports of listed companies on the Vietnam stock market. We also consider the relationship between CSRD and the [...] Read more.
The study examines the impact of company size, industry sensitivity, government ownership, liquidity and company age on Corporate Social Responsibility Disclosure (CSRD) in 2019 annual reports of listed companies on the Vietnam stock market. We also consider the relationship between CSRD and the financial performance measured by return on assets (ROA) and return on equity (ROE). This study uses descriptive statistics and regression methods to test research hypotheses. The empirical findings show that company characteristics, including firm size, liquidity, government ownership and environmental industry sensitivity, are positively associated with firms’ CSRD level. Firm age does not influence the CSRD of listed companies. The CSRD significantly affects both ROA and ROE. Our study provides several suggestions to promote the CSR information disclosure of listed companies and enhance their social responsibility for sustainable development. Full article
(This article belongs to the Special Issue Sustainable Business Development in Society)
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