sustainability-logo

Journal Browser

Journal Browser

Corporate Governance and Sustainable Development

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 7170

Special Issue Editors


E-Mail
Guest Editor
Department of Management and Marketing, Pablo de Olavide University, 41013, Seville, Spain
Interests: corporate governance; boards of directors; sustainability

E-Mail
Guest Editor
Department of Management, University of Cádiz, 11406, Jerez de la Frontera, Cádiz, Spain
Interests: corporate social responsibility; sustainability; boards of directors; environmental management; stakeholder management
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Sustainable development has been the focus of considerable attention from scholars and managers in recent years (Guerrero-Villegas, Sierra-García & Palacios-Florencio, 2018). Companies are faced with the opportunities of global markets, but also challenges like unprecedented levels of stakeholder expectations and public scrutiny of corporate values. Therefore, it is essential that companies tailor themselves to a wider audience than simply their shareholders. Firms are thus concerned not only with economic issues but also with the social and environmental impact of their activities. In summary, stakeholders demand more transparency as well as ethical and sustainable behavior.

Several scholars have pointed out the key role played by corporate governance on firm engagement in sustainable development (Crifo, Escrig‐Olmedo, & Mottis, 2019). Corporate governance is conceptualized as the creation and implementation of processes seeking to optimize returns to shareholders, whilst also satisfying the legitimate demands of stakeholders. In this sense, corporate governance is increasingly applied to an extended form of monitoring corporate activities which includes the impact on society and the natural environment. Indeed, a firm can achieve success through the implementation of good corporate governance practices and by maintaining strong relationships with society and the environment.

The correct implementation of governance processes requires, therefore, a clear focus on sustainable development and on the related assumption of a concept of global responsibility. The decisions made by the governing bodies must be driven by a purpose to create value in the long term, whilst adhering to conditions of fairness and sustainable development.

To delve further into the impact of governance structures in sustainable activities, the purpose of this Special Issue is to provide an integrative overview of current knowledge on the relationship between corporate governance mechanisms and sustainable development. Studies from different theoretical perspectives and business areas, such as strategy, human resource management and corporate finance can help to better understand corporate governance approaches towards sustainability.

This Special Issue will accept original / review research that addresses the following topics (all directly related to corporate governance and sustainable development):

  • Corporate strategy
  • Board of directors
  • Sustainable Development Goals (SDGs)
  • Top management team
  • Social sustainability
  • Environmental sustainability
  • Controlling shareholders
  • Disclosure and transparency
  • Minority shareholders
  • Non-governmental organizations (NGOs)
  • Regulatory authorities
  • Small and medium size companies
  • Multinationals corporations (MNCs)

References:

Crifo, P., Escrig‑Olmedo, E. & Mottis, N. (2019). Corporate Governance as a Key Driver of Corporate Sustainability in France: The Role of Board Members and Investor Relations. Journal of Business Ethics, 159 (4), 1127–1146. DOI: 10.1007/s10551-018-3866-6.

Guerrero Villegas, J., Sierra García, L. & Palacios Florencio, B. (2018). The role of sustainable development and innovation on firm performance. Corporate Social Responsibility and Environmental Management, 25(6), 1350–1362. DOI: 10.1002/csr.1644.

Dr. Leticia Pérez-Calero
Dr. Jaime Guerrero-Villegas
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.

Published Papers (2 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

12 pages, 489 KiB  
Article
Mandating Gender Diversity and the Value Relevance of Sustainable Development Disclosure
by Won-Kyu Lim and Cheong-Kyu Park
Sustainability 2022, 14(12), 7465; https://0-doi-org.brum.beds.ac.uk/10.3390/su14127465 - 18 Jun 2022
Cited by 3 | Viewed by 1730
Abstract
This study investigates whether investors react to disclosures of sustainable development. The study further examines if the legislative change has affected investors’ perception on sustainability disclosure via the corporate governance mechanism. With the recent legislative change in Korea, the gender quota may have [...] Read more.
This study investigates whether investors react to disclosures of sustainable development. The study further examines if the legislative change has affected investors’ perception on sustainability disclosure via the corporate governance mechanism. With the recent legislative change in Korea, the gender quota may have negatively impacted corporate governance due to tokenism. In this study, we employ a natural experiment and event study with the 72 largest Korean firms listed in the stock market. Findings indicate that firms with female directors experience significant abnormal returns around event days, and that the firms meeting the minimal gender quota requirement indicate insignificant abnormal returns. This implies that firms with female directors provide better governance with diversity in the boardroom. However, the benefits from gender diversity become weak when tokenism is applied to them. The study makes several contributions to the governance and sustainability literature by providing additional evidence on tokenism. Findings have implications about the relationship between corporate governance and sustainable development for academia and practitioners. Full article
(This article belongs to the Special Issue Corporate Governance and Sustainable Development)
Show Figures

Figure 1

19 pages, 418 KiB  
Article
Does Corporate Financialization Affect Corporate Environmental Responsibility? An Empirical Study of China
by Zhenghui Li, Yan Wang, Yong Tan and Zimei Huang
Sustainability 2020, 12(9), 3696; https://0-doi-org.brum.beds.ac.uk/10.3390/su12093696 - 02 May 2020
Cited by 17 | Viewed by 3681
Abstract
This paper explores the effects and mechanisms of corporate financialization on corporate environmental responsibility (CER), using panel regression and the panel quantile regression model. The data is from 484 Chinese A-share non-financial listed companies, over the period 2008–2015. Some valuable results were achieved, [...] Read more.
This paper explores the effects and mechanisms of corporate financialization on corporate environmental responsibility (CER), using panel regression and the panel quantile regression model. The data is from 484 Chinese A-share non-financial listed companies, over the period 2008–2015. Some valuable results were achieved, as follows. Firstly, corporate financialization has a significantly negative impact on CER. We attribute this fact to the hard constraint of shareholder value maximization and the soft constraint of CER by taking an extrinsic analysis. Moreover, this negative impact shows heterogeneity. As the CER level increases, the remarkable restraint taken by the corporate financialization on CER is gradually weakened. This results in the corporation aiming not only at the shareholder value maximization, but also at the social effect, rather than only the former. In addition, the effect of the moderating role played by corporate leverage and ownership concentration in the influence of corporate financialization on the CER is captured in different kinds of corporations, while different performances are shown. Full article
(This article belongs to the Special Issue Corporate Governance and Sustainable Development)
Show Figures

Figure 1

Back to TopTop