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Sustainability, Innovation Capacity, Operational Efficiency, and Firm Performance

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

Deadline for manuscript submissions: closed (15 December 2022) | Viewed by 3755

Special Issue Editors


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Guest Editor
Rohrer College of Business, Rowan University, Glassboro, NJ 08028, USA
Interests: ESG; sustainability; technology; capabilities; CEO compensation; diversification; firm performance
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Rohrer College of Business, Rowan University, NJ 08028, USA
Interests: operations research; corporate sustainability; family-oriented business; R&D management

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Guest Editor
Hasan School of Business, Colorado State University-Pueblo, Pueblo, Colorado, CO 81001, USA
Interests: neural network system; operations capacity and efficiency; sustainability

Special Issue Information

Dear Colleagues,

Corporate sustainability and technological innovation for firm performance have been considered amongst the central issues for maintaining an edge in the competitive world of business. The predictive exploration of a firm’s strategic competencies, in order to enhance economic performance and sustainable market growth, has also been one of the major research issues in the business and management fields, regardless of the types of organizations. As such, the strategic significance of corporate sustainability, technological innovation, and operational efficiency for firm performance has been of great interest to both researchers and practitioners alike in today’s uncertain and competitive market conditions.

The strategic drives for improved corporate sustainability performance through more progressive technological innovation and better utilization of operational resources are the most critical strategic forces for firms who wish to survive and excel in a challenging market environment. Despite the growing need to explore corporate sustainability’s strategic significance in terms of firm performance, the drive towards corporate competency through environmental greening and technological innovation, as well as operational efficiencies, are still intriguing subjects in business literature, mainly because of the differing managerial perspectives. The strategic significance of corporate sustainability, technological innovation, and operations efficiency is relatively controversial. The controversy arises from the issues stemming from measuring critical strategic components and then benchmarking them across firms, industry sectors, and countries.

This Special Issue will explore the strategic significance of sustainability, technological innovation, and operational efficiency, both individually and jointly, to improve economic performance in the competitive market across different industries and countries. The articles in this issue will shed light on the critical strategic factors that directly contribute to firm performance. Furthermore, this Special Issue will provide academics and practitioners with a diverse perspective on sustainability and its relationship to corporate performance in a competitive global market.

The topical subjects of interest for this special issue include, but are not limited to, the following:

  • Corporate sustainability * (environmental, social and governmental) and firm economic performance;
  • Corporate sustainability *, technological innovation and firm economic performance;
  • Corporate sustainability *, operational efficiency (i.e., operational efficiency of company assets) and firm performance;
  • Joint effect of corporate sustainability, technological innovation, and operational efficiency on firm economic performance;
  • Sustainability performance and firm economic performance;
  • Determinants of firm economic performance through corporate responsibility;
  • Global perspective on these topic are highly welcomed.

Prof. Dr. Jooh Lee
Prof. Dr. Niranjan Pati
Dr. He-Boong Kwon
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

  • corporate social responsibility
  • environmental greening
  • technological innovation
  • operations efficiency
  • firm performance

Published Papers (1 paper)

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Research

14 pages, 272 KiB  
Article
Relationship between Corporate Sustainability Management and Sustainable Tax Strategies
by Hee Young Ma and Sung Jong Park
Sustainability 2021, 13(13), 7429; https://doi.org/10.3390/su13137429 - 02 Jul 2021
Cited by 4 | Viewed by 2899
Abstract
This study analyzed the relationship between the environmental, social, and governance (ESG) assessment results of the Korea Corporate Governance Service, which evaluates the sustainability management levels of Korean companies and the variability in the five-year cash effective tax rates, a proxy for sustainable [...] Read more.
This study analyzed the relationship between the environmental, social, and governance (ESG) assessment results of the Korea Corporate Governance Service, which evaluates the sustainability management levels of Korean companies and the variability in the five-year cash effective tax rates, a proxy for sustainable tax strategies. Corporate sustainability management allows the continuation of businesses that consider environmental protection, social contribution, and ethical management, as well as short-term financial performance. We expect these companies to prioritize sustainable tax strategies that ensure the long-term maintenance of the tax strategy results. Using a sample of firms listed in the Korean securities market during the 2011–2017 period, we adopted a two-way clustered regression model by a firm and year and established a research model with reference to previous studies and tax strategies. We found a significant negative association between excellent ESG ratings and the variability of cash effective tax rates, as well as between the implementation of ESG assessments and the variability of cash effective tax rates. This result indicates that companies with excellent corporate sustainability management strengthen their sustainable tax strategies and that companies become more interested in sustainable tax strategies after implementing ESG assessments. This study sheds light on the relationship between corporate sustainability management and sustainable tax strategies, helping improve our understanding of the impact of corporate sustainability management on sustainable tax strategies. Full article
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