Sustainable Finance and Corporate Responsibility

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: 30 September 2026 | Viewed by 486

Special Issue Editors


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Guest Editor
Department of Accounting, Tsenov Academy of Economics, 5250 Svishtov, Bulgaria
Interests: accounting; management accounting; financial accounting; sustainability; digital transformation; sustainability reporting; ESG disclosure

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Guest Editor
Bangor Business School, Bangor University, Gwynedd, Bangor LL57 2DG, UK
Interests: corporate narrative reporting; eXtensible Business Reporting Language (XBRL); corporate governance; earnings management; International Financial Reporting Standards (IFRS); accounting and auditing; Organization for Islamic Financial Institutions (AAOIFI); corporate investment efficiency; corporate finance; Islamic accounting and finance; big data; sustainability
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

This Special Issue, titled “Sustainable Finance and Corporate Responsibility”, focuses on the intersection of sustainable finance, corporate responsibility, and the transformative forces of innovation and digitalization. It explores how Environmental, Social, and Governance (ESG) principles are integrated into financial strategies, corporate governance frameworks, and business models in response to global sustainability challenges and the transition towards Industry 5.0.

The scope includes, but is not limited to, the following:

  • Sustainable finance instruments, green bonds, and impact investing;
  • ESG disclosure, sustainability accounting, and integrated reporting;
  • Corporate governance, ethics, and accountability;
  • Digital transformation and innovation in finance, accounting, and management;
  • Circular economy practices and Industry 5.0 applications;
  • Smart cities, green technologies, and sustainable tourism;
  • Public sector sustainability and policy frameworks;
  • Risk management and resilience in sustainable transitions.

Interdisciplinary approaches that combine economics, finance, management, accounting, and technology are especially welcome.

This Special Issue will provide a platform for high-quality, interdisciplinary research that bridges sustainability goals with innovation-driven economic transformation. It will also deliver actionable insights for policymakers, academics, and practitioners on leveraging innovation and digital tools to advance ESG integration, measure performance, and foster long-term value creation.

While sustainable finance and corporate responsibility have been widely studied, they are often examined in isolation from the accelerating processes of digitalization and innovation. This Special Issue will supplement the existing literature by integrating these dimensions, offering a holistic perspective on how financial sustainability and corporate ethics interact with technological and structural transformations. By including theoretical, empirical, and comparative studies across sectors, it will contribute fresh evidence and strategic pathways for aligning corporate and financial objectives with the evolving global sustainability agenda.

Dr. Radosveta Krasteva-Hristova
Prof. Dr. Khaled Hussainey
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 250 words) can be sent to the Editorial Office for assessment.

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

  • sustainable finance
  • corporate responsibility
  • ESG reporting
  • sustainability accounting
  • circular economy
  • Industry 5.0
  • digital transformation
  • innovation management
  • green finance

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Published Papers (1 paper)

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Research

24 pages, 535 KB  
Article
Environmental Auditing, Public Finance, and Risk: Evidence from Moldova and Bulgaria
by Luminita Diaconu, Biser Krastev, Elena Georgieva and Radosveta Krasteva-Hristova
J. Risk Financial Manag. 2025, 18(12), 683; https://doi.org/10.3390/jrfm18120683 - 2 Dec 2025
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Abstract
The recent expansion of sustainability studies has reshaped corporate governance and public oversight with direct implications for financial exposure and risk management. In particular, environmental auditing generates decision-useful signals on environmental liabilities, remediation and compliance costs, and budgetary/fiscal risks that affect both corporate [...] Read more.
The recent expansion of sustainability studies has reshaped corporate governance and public oversight with direct implications for financial exposure and risk management. In particular, environmental auditing generates decision-useful signals on environmental liabilities, remediation and compliance costs, and budgetary/fiscal risks that affect both corporate financing conditions (e.g., cost of capital) and public finance resilience. This study conducts a comparative examination of environmental auditing practices in Moldova and Bulgaria over 2020–2025, asking how audit mandates, coverage, and disclosure practices inform banks, insurers, investors, and budget holders. Using documents from national legal databases and supervisory portals, we apply descriptive content analysis across structural, substantive, and procedural dimensions, with special attention to financial-risk channels (contingent liabilities, sanction risk, value-for-money and procurement risks). We find that Bulgaria exhibits stronger institutional implementation capacity, while Moldova shows legislative innovation; in both cases, stronger transparency, public participation, and digital audit analytics are needed to quantify fiscal and enterprise-level ESG risks. Overall, this paper positions environmental auditing as a governance lever linking sustainability oversight to finance- and risk-related outcomes, aligning with focus on sustainable finance, ESG disclosure, and governance. Full article
(This article belongs to the Special Issue Sustainable Finance and Corporate Responsibility)
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