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Corporate Governance, Social Responsibility and Green Innovation

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 (12 May 2024) | Viewed by 3781

Special Issue Editor


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Departamento de Marketing e Logística, Instituto Politécnico de Setúbal, 2900 Setúbal, Portugal
Interests: port and shipping governance; green shipping and governance; innovation; green logistics
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

I am delighted to introduce the scope and purpose of the Special Issue on "Corporate Governance, Social Responsibility, and Green Innovation" in alignment with the journal's focus on sustainability.

Introduction:

Corporate governance, social responsibility, and green innovation have become crucial topics in today's global landscape. Organizations are increasingly recognizing the significance of responsible and sustainable business practices in achieving long-term success. This Special Issue aims to delve into the scientific background of this research area and highlight its importance in driving positive environmental and social impacts while fostering innovation.

Aim of the Special Issue:

The primary goal of this Special Issue is to advance our understanding of the interplay between corporate governance, social responsibility, and green innovation. It aims to explore how effective governance structures, ethical decision-making processes, and responsible business practices can foster sustainable innovation and drive positive environmental outcomes. By examining these dimensions, we seek to contribute to the knowledge base on corporate sustainability and promote the adoption of responsible practices in various organizational contexts.

Furthermore, this Special Issue is a perfect fit for the journal as it aligns with its scope of publishing cutting-edge research on sustainability-related topics. Exploring the intersection of corporate governance, social responsibility, and green innovation, we aim to provide valuable insights for researchers, practitioners, and policymakers who are committed to promoting sustainable development.

Suggested Themes:

We invite submissions that cover a wide range of research areas related to the overarching theme of corporate governance, social responsibility, and green innovation. Potential themes for contributions include, but are not limited to:

  • The influence of corporate governance structures on sustainability performance;
  • Socially responsible investment and its impact on green innovation;
  • The role of leadership in driving sustainability initiatives and fostering innovation;
  • Stakeholder engagement and its effect on sustainable practices and green innovation;
  • The integration of sustainability into corporate strategy and decision-making processes;
  • Responsible supply chain management and its implications for green innovation;
  • The role of technology and digitalization in promoting sustainable practices and innovation;
  • The measurement and reporting of economic, social, and environmental impacts in corporate governance;
  • Case studies and best practices in corporate governance, social responsibility, and green innovation across different industries and sectors.

We encourage original research articles and comprehensive reviews that shed light on these themes and contribute to advancing our knowledge in this field.

We are eagerly looking forward to receiving your valuable contributions to this Special Issue.

Prof. Dr. Vitor Caldeirinha
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. 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

  • corporate governance
  • social responsibility
  • green innovation
  • sustainability
  • organizational performance

Published Papers (5 papers)

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Research

20 pages, 538 KiB  
Article
The Influence of Ownership Concentration on Sustainable Merger and Acquisition Performance: Navigating Principal Conflicts in the Korean Market
by Seonhyeon Kim, Jin-young Jung and Sung-woo Cho
Sustainability 2024, 16(12), 4985; https://doi.org/10.3390/su16124985 - 11 Jun 2024
Viewed by 189
Abstract
This study examines the dynamics of owner behavior, agency costs, and M&A outcomes in the Korean market, aiming to explore how ownership concentration influences conflicts among principal groups and impacts M&A performance. Using empirical data from Korean M&A transactions, we analyze the effects [...] Read more.
This study examines the dynamics of owner behavior, agency costs, and M&A outcomes in the Korean market, aiming to explore how ownership concentration influences conflicts among principal groups and impacts M&A performance. Using empirical data from Korean M&A transactions, we analyze the effects of ownership concentration and cash payment preferences on firm value. Our findings indicate that while ownership concentration can reduce owner–manager conflicts, it heightens principal–principal conflicts, especially with moderate ownership, weak governance, or financial distress. Control-focused owners prefer cash payments, which can lower acquiring firm announcement returns under high ownership concentrations. Effective governance is crucial for fostering responsible decision-making and sustainable practices in M&As. This research underscores the importance of balanced ownership structures and robust governance mechanisms in mitigating agency conflicts and promoting sustainable M&A performance. Full article
(This article belongs to the Special Issue Corporate Governance, Social Responsibility and Green Innovation)
22 pages, 311 KiB  
Article
Can Resource Dependency and Corporate Social Responsibility Drive Green Innovation Performance?
by Yibo Wang and Bocheng Wang
Sustainability 2024, 16(11), 4848; https://doi.org/10.3390/su16114848 - 6 Jun 2024
Viewed by 307
Abstract
As the producers of environmental pollution, it is urgent for enterprises to make up for their lack of environmental responsibility and to realize green transformation and development. At the same time, resource dependence is promoted from the single level of economic growth to [...] Read more.
As the producers of environmental pollution, it is urgent for enterprises to make up for their lack of environmental responsibility and to realize green transformation and development. At the same time, resource dependence is promoted from the single level of economic growth to the field of green development, which is a field of research and development on resource dependence and broadens the perspective of related research in the academic world. In this paper, we select panel data from 30 regions in China from 2009 to 2022 to validate the research on the impact of resource dependence and corporate social responsibility on green innovation performance. The conclusions are as follows: (1) From 2009 to 2022, the average industrial green innovation performance of the 30 provinces in China was 0.553, with the efficiency values of the eastern, central, and western regions showing a gradual decreasing trend. (2) We found a consistently negative correlation between resource dependency and green innovation performance, confirming the existence of a “resource curse” linking the two. Meanwhile, the regression coefficient of CSR for green innovation performance was positive, confirming the driving effect of the former on the latter. (3) The “resource curse” does not manifest conditionally or have a threshold effect. Instead, we found that it has long-term and persistent characteristics. Meanwhile, the impact of CSR on green innovation performance shows a “reverse N-shaped” double-threshold effect, where CSR can improve green innovation performance only when it reaches a certain threshold value. This paper provides insights to support Chinese enterprises in enhancing their green innovation performance and lays a theoretical foundation for enterprises to fulfill their social responsibility. Full article
(This article belongs to the Special Issue Corporate Governance, Social Responsibility and Green Innovation)
31 pages, 556 KiB  
Article
The Spillover Effect of ESG Performance on Green Innovation—Evidence from Listed Companies in China A-Shares
by Hui-Lin Zhu and Ke-Zhi Yang
Sustainability 2024, 16(8), 3238; https://doi.org/10.3390/su16083238 - 12 Apr 2024
Viewed by 955
Abstract
This research paper examines the spillover effect of ESG performance on green innovation behavior in companies within the same industry. The study specifically focuses on listed companies on the Shanghai Stock Exchange and Shenzhen Stock Exchange between 2011 and 2020. The results indicate [...] Read more.
This research paper examines the spillover effect of ESG performance on green innovation behavior in companies within the same industry. The study specifically focuses on listed companies on the Shanghai Stock Exchange and Shenzhen Stock Exchange between 2011 and 2020. The results indicate that peer firms with superior environmental, social, and governance (ESG) performance have a notable and beneficial impact on the green innovation activities, quantities, and qualities of their counterparts. Significantly, this phenomenon is especially evident for the ecological (E) and societal (S) aspects of ESG performance when considering companies within the same industry. Additionally, according to our analysis, the association between peer firms’ improved ESG performance and subsequent gains in green innovation activities is mediated by higher R&D expenditure and increased green consciousness. The robustness of these findings persists even after resolving issues of endogeneity through thorough testing. In addition, this paper finds that the spillover effects are more significant for non-state-owned firms, small-sized firms, firms with more analyst attention, firms in non-highly polluting industries, and when external environmental regulations are stronger. Full article
(This article belongs to the Special Issue Corporate Governance, Social Responsibility and Green Innovation)
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19 pages, 310 KiB  
Article
Student-Led Campus Happiness Lunchboxes: Paying for Positive Impact
by Ze-Yung Wang and Kuo-Wei Chen
Sustainability 2024, 16(4), 1672; https://doi.org/10.3390/su16041672 - 18 Feb 2024
Viewed by 600
Abstract
In the aftermath of the 2022 Russian–Ukrainian war, Taiwan experienced economic shocks that prompted the government to initiate the happiness lunchbox program, aimed at fostering sustainable development and zero hunger concerns. Despite these efforts, economically disadvantaged university students faced challenges due to the [...] Read more.
In the aftermath of the 2022 Russian–Ukrainian war, Taiwan experienced economic shocks that prompted the government to initiate the happiness lunchbox program, aimed at fostering sustainable development and zero hunger concerns. Despite these efforts, economically disadvantaged university students faced challenges due to the unconventional outsourcing of campus meals. This study, conducted by leveraging campus culinary facilities, adopts an inferred value approach as opposed to the subjective willingness-to-pay (WTP) method, providing a more conservative assessment of students’ willingness to contribute. Through regression analysis, this study highlights the positive correlation between student engagement in charitable activities and WTP for student-led events. This involvement not only enhances food safety and hygiene but also reflects a genuine commitment to supporting financially challenged students. The comprehensive nature of this approach effectively tackles issues related to campus nutrition, emphasizing the significance of establishing a sustainable campus environment to achieve objectives such as “zero hunger” and “responsible consumption and production” on campus. Full article
(This article belongs to the Special Issue Corporate Governance, Social Responsibility and Green Innovation)
26 pages, 541 KiB  
Article
The Impact and Mechanism of Internal Informal Institutions on Green Innovation: Empirical Evidence from Chinese Listed Companies
by Xin Lyu, Subin Wen and Hui Li
Sustainability 2023, 15(22), 15743; https://doi.org/10.3390/su152215743 - 8 Nov 2023
Viewed by 1113
Abstract
Green innovation is a key driving force in promoting the development of a low-carbon economy and society. However, previous studies have not paid enough attention to the influence of internal informal institutions on green innovation. To address this issue, this study conducts empirical [...] Read more.
Green innovation is a key driving force in promoting the development of a low-carbon economy and society. However, previous studies have not paid enough attention to the influence of internal informal institutions on green innovation. To address this issue, this study conducts empirical tests by using a sample of A-share listed firms in China from 2013 to 2020. This study investigates whether and how carbon management strategies, as an important part of the internal informal institutions, promote corporate green innovation. The results show that carbon management strategies have a significant and positive impact on both the quantity and quality of green innovation. In addition, emphasizing meeting the needs of stakeholders and focusing on research and development (R&D) investment can significantly enhance the positive impact of carbon management strategies on green innovation. Furthermore, at the market level, carbon management strategies significantly boost green innovation in firms with larger market shares, which is enhanced by meeting stakeholder demands. At the firm level, state-owned enterprises pay attention to the mechanisms of both stakeholders’ demands and R&D investment in driving green innovation. At the executive level, executive shareholding firms emphasize driving green innovation through R&D investment. Overall, these findings provide new evidence for the determinants of green innovation that have not been fully explored before through the perspective of internal informal institutions. Full article
(This article belongs to the Special Issue Corporate Governance, Social Responsibility and Green Innovation)
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