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Dear Colleagues,

Economic and financial upheaval faced by businesses, individuals, and governments worldwide in the aftermath of COVID-19 highlights the need for the development of sustainable business practices. The purpose of this Special Issue is to publish high-quality research which expands the existing literature on various aspects of economic, financial, and health-sector-related sustainability.

The topics covered in the Special Issue may include but are not limited to:

Sustainable financial practices (green finance, corporate debt, free-floating shares, liquidity) under external shocks (i.e., COVID-19, other types of crises, or general uncertainty);
Sustainable economic development strategies (i.e., unemployment, export performance, domestic demand for goods and services including healthcare) under external shocks (i.e., COVID-19, other types of crises, or general uncertainty);
Sustainable entrepreneurship (i.e., general entrepreneurship, firm sales/revenue, profitability, productivity, and survival) in the presence of external shocks (i.e., COVID-19, other types of crises, or general uncertainty).

Both theoretical and empirical studies are welcome. Potential authors are welcome to contact the guest editor if they want to discuss any topic which is relevant but not explicitly mentioned in the above list.

Prof. Dr. Sajid Anwar
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 papers will be 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 1900 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
green finance practices
entrepreneurship under conditions of uncertainty
sustainable economic development
economic, financial and/or health crises
external shocks
uncertainty

Published Papers (2 papers)

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Research

Open AccessFeature PaperArticle

The Short-Term Cost of Greening the Global Fleet

Orestis Schinas

and

Niklas Bergmann

Sustainability 2021, 13(16), 9439; https://doi.org/10.3390/su13169439 - 23 Aug 2021

Viewed by 294

Abstract

Decarbonizing maritime transport is among the top priorities of regulators and continuously attracts significant research attention. However, the cost of renewing and greening the fleet has not been explored in detail. To address this gap, the paper provided a bottom-to-top estimation of the financial need associated with decarbonizing the global shipping fleet for the next 5 years, i.e., until 2026. By developing a model focusing on the main asset classes, the paper approximated the expenditure implied in the short-term fleet renewal (newbuilding and vessel demolition) as well as the expenditure linked to retrofitting the existing fleet. The results indicated an aggregate financial need of USD 317 billion until 2026. Thereof, USD 235 billion are associated with building new ships, while USD 114 billion are allocated to retrofitting. Furthermore, proceeds of USD 33 billion can be generated via demolition sales of old tonnage, reducing the total financial burden. The results entail important policy implications, as they document the monetary impact on investors, lenders, and shipping companies regarding distinct segments of the fleet. Considering the declining overall supply of capital towards shipping, the given results provide a transparent account of the absolute financial implications of decarbonization policies. Full article

(This article belongs to the Special Issue Sustainable Business Finance, Economic Development and Entrepreneurship under Uncertainty)

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Open AccessArticle

Company Reputation, Implied Cost of Capital and Tax Avoidance: Evidence from Korea

Imhyeon Kim

Jinsoo Kim

and

Jeongyeon Kang

Sustainability 2020, 12(23), 9997; https://doi.org/10.3390/su12239997 - 30 Nov 2020

Cited by 1 | Viewed by 630

Abstract

This study aims to investigate the relationship between company reputation and the implied cost of capital in Korean companies from 2003 to 2016, based on research by Cao et al. (2015). In addition, we would like to examine the effect of tax avoidance. Company reputation increases corporate sustainability and enables sustainable management. In this study, Brandstock Top Index (BSTI), which represents Korea’s top 100 brands, was used as an interest variable representing company reputation. To examine the relationship between company reputation and implied cost of capital, the multiple linear regression analysis was conducted using various measures of implied cost of capital as a dependent variable. As a result of empirical analysis, company reputation and implied cost of capital showed a significant negative relationship. The higher the company’s reputation, the less information asymmetry in the stock market, indicating that the implied cost of capital decreases. A significant negative relationship between company reputation and implied cost of capital was not found in a group that was aggressive in tax avoidance. The contributions of this study are as follows. First, we presented the empirical result that company reputation and implied cost of capital were negatively related in Korea. It showed empirically the importance of company reputation in the Korean stock market. Second, in addition to the relationship between company reputation and implied cost of capital, prior research was expanded considering tax avoidance. Full article

(This article belongs to the Special Issue Sustainable Business Finance, Economic Development and Entrepreneurship under Uncertainty)

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