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Corporate Governance, Innovation Management and Sustainability Performance

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: 2 May 2026 | Viewed by 3818

Special Issue Editor

School of Economics, Wuhan University of Technology, Wuhan 430070, China
Interests: environment; carbon emission; green human capital; energy; green innovation
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

This Special Issue seeks to advance interdisciplinary research at the convergence of corporate governance mechanisms, innovation management strategies, and organizational sustainability outcomes. While existing literature has examined these domains independently, critical knowledge gaps persist regarding their dynamic interdependencies.

The issue prioritizes three research vectors:

(a) How governance structures shape innovative ecosystems.
(b) The mediating role of innovation capabilities in translating governance decisions into sustainability outcomes.
(c) Contextual factors influencing the governance-innovation-sustainability nexus across institutional environments.

We welcome theoretical frameworks, empirical studies, and policy analyses addressing:

  • Stakeholder-centric governance models for sustainable innovation.
  • Digital transformation's dual impact on governance complexity and innovation efficiency.
  • Metrics development for ESG-aligned innovation performance.
  • Comparative studies across industries (e.g., energy, fintech, manufacturing) and regions.

This collection aims to:

Establish a unified conceptual model bridging fragmented disciplinary perspectives;

Provide evidence-based insights for aligning SDG implementation with corporate innovation roadmaps;

Reconcile the shareholder-stakeholder dichotomy through innovation value chain analysis.

This issue addresses three critical limitations in current scholarship:

◆ First, it transcends the prevailing siloed approach by systematically examining triadic relationships. Prior studies predominantly investigate pairwise connections (e.g., governance-sustainability or innovation-performance), overlooking the cascading effects through intermediate variables. Our framework introduces temporal and hierarchical dimensions to these interactions.

◆ Second, it challenges the static view of governance mechanisms by incorporating dynamic capability theory. While extant research focuses on structural governance attributes (e.g., board independence), we emphasize processual aspects - how governance systems adapt to sustain innovation pipelines amidst climate disruptions and technological paradigm shifts.

◆Third, the issue expands geographical diversity in evidence bases. Current knowledge disproportionately reflects Anglo-European contexts; we particularly encourage submissions analyzing emerging economies where institutional voids create unique governance-innovation challenges.

By synthesizing insights from corporate strategy, organizational theory, and sustainability science, this collection will:

▼ Develop a contingency framework for context-sensitive governance innovation;

▼ Provide benchmarking tools for SDG-aligned R&D portfolio management;

▼Inform regulatory reforms balancing innovation encouragement with sustainability accountability.

We invite contributions that combine theoretical rigor with practical relevance, particularly those employing multi-level analyses and longitudinal designs to capture the evolving nature of governance-innovation-sustainability synergies in the Industry 5.0 era.

Dr. Daqian Shi
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 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. 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

  • stakeholder governance models
  • ESG-aligned innovation
  • sustainability transition pathways
  • digital governance ecosystems
  • SDG-driven corporate strategy
  • innovation value chain analysis
  • institutional void adaptation
  • governance-innovation configurations
  • sustainability performance metrics

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Published Papers (3 papers)

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Research

27 pages, 476 KB  
Article
How Does Applying Artificial Intelligence Influence Firms’ Ambidextrous Innovation Performance? Evidence Obtained from Chinese A-Share Listed Firms
by Linqing Liu and Chengye Li
Sustainability 2025, 17(23), 10430; https://doi.org/10.3390/su172310430 - 21 Nov 2025
Viewed by 811
Abstract
As a transformative technology, artificial intelligence (AI) is profoundly reshaping corporate innovation practices, creating new opportunities for ambidextrous (exploitative and exploratory) innovation and thereby advancing sustainable competitiveness. Drawing on ambidextrous theory and adopting a resource-based perspective, we employed panel data from Chinese A-share [...] Read more.
As a transformative technology, artificial intelligence (AI) is profoundly reshaping corporate innovation practices, creating new opportunities for ambidextrous (exploitative and exploratory) innovation and thereby advancing sustainable competitiveness. Drawing on ambidextrous theory and adopting a resource-based perspective, we employed panel data from Chinese A-share listed firms in the 2014–2023 period to examine the relationship between AI application and corporate exploitative and exploratory innovation performance as well as the mechanism behind AI’s effects in this regard. We further explored the moderating effect of data resources. The findings reveal that AI application significantly enhances both exploitative and exploratory innovation performance. Improvement in corporate research and development efficiency and the optimization of labor structures play mediating roles in the relationship between AI application and both exploitative and exploratory innovation. Moreover, firms’ data resources strengthen the positive impact of AI on exploitative innovation while weakening its effect on exploratory innovation. Overall, this study provides novel insights into how traditional enterprises can leverage AI to foster ambidextrous innovation and achieve sustainable competitive advantages. These findings offer practical guidance for corporate executives and policymakers on strategically implementing AI for innovation management. Full article
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19 pages, 752 KB  
Article
Business Performance and Sustainability Outcomes Driven by Circular Economy, Eco-Innovation, and Sustainable Marketing
by Aura Andrea Díaz Duarte, Gabriel Puron-Cid and Marco Eliseo Rivera Martínez
Sustainability 2025, 17(21), 9858; https://doi.org/10.3390/su17219858 - 5 Nov 2025
Viewed by 757
Abstract
Sustainable practices are increasingly recognized as critical drivers of business performance in contemporary markets. This study examines the influence of Circular Economy (CE), Eco-Innovation (EI), and Sustainable Marketing (SM) on Business Performance (BP) among micro, small, and medium-sized enterprises (MSMEs) located in Aguascalientes, [...] Read more.
Sustainable practices are increasingly recognized as critical drivers of business performance in contemporary markets. This study examines the influence of Circular Economy (CE), Eco-Innovation (EI), and Sustainable Marketing (SM) on Business Performance (BP) among micro, small, and medium-sized enterprises (MSMEs) located in Aguascalientes, Mexico, a representative emerging-economy context within Latin America. The relationships among these constructs were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) in SmartPLS 4.0. Results show that CE significantly drives both EI and SM, and that EI positively influences BP. However, the direct effect of SM on BP was marginal, indicating that its contribution to business performance is weaker than that of circular and eco-innovative practices in the analyzed sample. Among CE dimensions, enablers were the strongest driver of circular adoption, while in EI, adoption incentives exerted the greatest influence. This research contributes to the sustainability and management literature by rigorously analyzing and comparing the relative impact of different sustainability-oriented strategies—circular, innovative, and marketing-based—on business performance. By examining how these strategies interact and differ in their effects, the study offers evidence-based guidance for MSMEs with limited resources to prioritize initiatives with greater potential to enhance competitiveness. The proposed integrated CE–EI–SM–BP framework, validated through a predictive PLS-SEM approach (PLSpredict), provides robust empirical evidence from an underexplored emerging-economy context. The results also open avenues for future research to examine contextual or temporal factors influencing the effectiveness of sustainability-based strategies. Full article
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19 pages, 522 KB  
Article
How Fintech Impacts Enterprises’ Digital–Green Synergy
by Chenyang Meng, Yu Peng, Jiaxin Zhang and Jinjin Chen
Sustainability 2025, 17(12), 5473; https://doi.org/10.3390/su17125473 - 13 Jun 2025
Cited by 2 | Viewed by 1609
Abstract
Based on a sample of A-share companies listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2011 to 2022, this paper measures and analyzes the degree of enterprises’ digital–green synergy and further tests the influence mechanism of fintech on enterprises’ [...] Read more.
Based on a sample of A-share companies listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2011 to 2022, this paper measures and analyzes the degree of enterprises’ digital–green synergy and further tests the influence mechanism of fintech on enterprises’ digital–green synergistic development. It is found that fintech has a significant positive effect on enterprises’ digitization, enterprises’ greening, and their digital–green synergistic development, and the conclusion still holds after robustness and endogeneity tests. A heterogeneity analysis shows that the heterogeneity of enterprises’ size and the degree of industry emissions affects the promotional effect of fintech on the synergy. Fintech effectively promotes enterprises’ digital–green synergistic development through the three channels of green innovation, efficiency enhancement, and environmental information disclosure, and the heterogeneity of the executive team’s ages and the heterogeneity of their occupational backgrounds have a positive moderating effect on the promotional effect of fintech. The findings provide a conceptual framework and policy formulation guidelines for fintech to support the promotion of enterprises’ digital–green synergy and the improvement of new-quality productivity. Full article
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