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Sustainable Business Practices in Emerging Markets: Innovation, Governance, and Environmental Impact

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Sustainable Management".

Deadline for manuscript submissions: 28 February 2026 | Viewed by 336

Special Issue Editors


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Guest Editor
Business School, University of International Business and Economics, Beijing 100029, China
Interests: low-carbon economy and policy; energy strategy and policy; business innovation and entrepreneurship management; venture capital
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Business School, Beijing Technology and Business University, Beijing 100048, China
Interests: carbon financial market; the impact of carbon emission policies; CSR/ESG/sustainability; corporate governance
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Business School, Aalborg University, DK-9220 Aalborg, Denmark
Interests: business internationalization; cross-border M&As; corporate governance; SMEs; emerging market firms; and CSR/ESG/sustainability
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
School of Accounting, Xijing University, Xi’an 710123, China
Interests: corporate governance; corporate social responsibility; corporate finance; financial management

Special Issue Information

Dear Colleagues,

In recent years, emerging markets have shown amazing resilience and have gradually become an important engine for global business development. However, emerging markets still face many challenges, such as the growing cost of climate change and the increasingly severe global financial situation. Exploring how to promote sustainable development in emerging markets is a very important aspect of research. With the rapid development of emerging technologies such as big data, artificial intelligence, cloud computing, and blockchain, emerging markets have also ushered in new development opportunities.

The aim of this Special Issue is to therefore publish original research papers and critical reviews that can contribute to discussions of the possible pathways for achieving sustainable development in emerging markets. Authors may approach this from multidimensional business practices such as innovation, governance, and environmental protection in helping emerging economies formulate action routes for sustainable development. Contributions are expected to have profound implications for a wide range of stakeholders, including policymakers, managers, national organizations, etc.

For this Special Issue, original research articles and reviews are welcome. Research areas may include (but are not limited to) the following:

  • Innovation/emerging technologies and sustainable development.
  • Digital economy/green economy and sustainable development.
  • Digital finance/green finance and sustainable development.
  • Environmental regulation/tax administration and sustainable development.
  • Charity and sustainable development.
  • Cultural communication and sustainable development.
  • The standardization of engineering construction and environmental protection.
  • Government subsidies and carbon performance.
  • The accounting and application of carbon footprint/carbon emissions.
  • Talent cultivation in emerging markets.
  • Accounting information disclosure and corporate social responsibility.
  • Ambitions and actions of emerging economies in promoting sustainable development.

Dr. Zhaoyang Kong
Dr. Yuhua Zheng
Dr. Daojuan Wang
Dr. Farid Ullah
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.

Keywords

  • emerging market
  • sustainable development
  • innovation
  • environmental protection
  • environmental regulation
  • government subsidy
  • carbon emission
  • digital economy

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Published Papers (1 paper)

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Research

21 pages, 280 KiB  
Article
Research on the Impact of Corporate ESG Performance on Sustained Innovation in the VUCA Context: Evidence from China
by Huicong Li, Jie Wang, Ruzhen Zhang and Mengran Duan
Sustainability 2025, 17(12), 5304; https://doi.org/10.3390/su17125304 - 8 Jun 2025
Abstract
In recent years, corporate innovation has faced growing pressures from macroeconomic fluctuations and intensifying industry competition, making the maintenance of uninterrupted innovation increasingly crucial. This study selected Chinese listed firms from 2015 to 2022 as samples and adopted a panel fixed-effect model to [...] Read more.
In recent years, corporate innovation has faced growing pressures from macroeconomic fluctuations and intensifying industry competition, making the maintenance of uninterrupted innovation increasingly crucial. This study selected Chinese listed firms from 2015 to 2022 as samples and adopted a panel fixed-effect model to examine the impact of corporate ESG performance on sustained innovation, with particular attention to external environmental pressures, including macroeconomic uncertainty, industry competition, and market attention. The results demonstrate that corporate ESG performance significantly promotes corporate sustained innovation. Mechanism analyses indicate that from the dual perspectives of resource effects and governance effects, ESG performance primarily enhances sustained innovation by increasing investment in R&D funding and personnel, as well as avoiding managerial myopia. Specifically, macroeconomic uncertainty dampens the positive effect of ESG performance, whereas, under industry competitive and market scrutiny pressures, the beneficial impact of ESG performance on sustained innovation becomes more evident. The research findings expand the internal drivers for sustained innovation, enrich the study of economic consequences of ESG performance, and clarify the differentiated moderating effects of various external pressures under VUCA scenarios. By integrating internal drivers and external complex environments, the paper offers practical insights for firms to leverage ESG practices for innovation resilience and long-term growth, particularly under dynamic market conditions. Full article
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