Corporations, Economic Transformation and Sustainable Development in the Post-COVID-19 Era

A special issue of World (ISSN 2673-4060).

Deadline for manuscript submissions: 31 December 2026 | Viewed by 1224

Editors


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Guest Editor
School of Finance and Accounting, University of Westminster, London, UK
Interests: sustainability reporting; circular economy

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Co-Guest Editor
School of Finance and Accounting, University of Westminster, London, UK
Interests: economy;sustainability reporting

Special Issue Information

Dear Colleagues,

Over the last decade, sustainability has emerged as a key theme for research across many disciplines, including business management and governance. Scholars have utilized various theoretical frameworks, methodologies, models, and data sets to examine and demonstrate the impact of sustainability on corporations, institutions, and governments. With the rise in the use of artificial intelligence (AI), moreover, the challenges brought about by the new geopolitical setting (such as expansion in state conservatism, the increase in natural disasters due to the rise in temperatures beyond the limits outlined at the Conference of Parties (COP) summits, acceleration of the role played by large social media platforms, and the continuous shift in the focus and strategies of corporations) have rendered sustainability even more important, particularly in the post-COVID-19 era. Thus, in this Special Issue, we welcome novel research papers that can contribute to knowledge in the sustainability field, preferably exploring recent developments in the area with a special focus on corporate reporting, performance measurement and outcomes, and governance subject areas. Topics to consider for this Special Issue are listed below:

- Sustainability Reporting and Disclosure (adoption of ESG in firms and institutions; integrated reporting and value creation; auditing of sustainability information).
- Carbon Reporting and Environmental Cost (measurement of carbon emissions; evaluation of environmental liabilities and externalities).
- Performance Measurement (sustainability and balanced scorecards).
- Sustainability and Green Business (use of green bonds, climate finance, ESG funds in corporations and impact on financial performance; measurement of sustainable investments versus traditional assets; investment behavior in sustainable instruments).
- Climate Risk (impact of change in climate on risks, pricing and capital allocation; testing for climate-related risks in financial institutions; influence on regulations and policy makers).
- Corporate Performance and Capital Structure (sustainability performance and cost of capital; firm strategies and sustainable practices; merger, acquisitions and divestment decisions based on ESG considerations).
- Role of Boards and Accountability (board diversity and sustainability performance; mechanisms of corporate governance with ESG integration; director remuneration and sustainability).
- Corporate Stakeholder Engagement (shareholder versus stakeholder interests; role of NGOs, activism and institutional investors in delivering ESG goals; trust and transparency in governance reporting adoption at the national or international level; institutional and policy pressures influencing behavioral corporate sustainability).
- Other related themes with a focus on ESG in corporations.

Prof. Dr. Abdelhafid Benamraoui
Guest Editor

Dr. Premkanth Puwanenthiren
Co-Guest Editor

Manuscript Submission Information

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Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1200 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

  • corporations
  • economic transformation
  • ESG
  • governance
  • performance
  • sustainability

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Published Papers (1 paper)

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Research

23 pages, 315 KB  
Article
Unveiling the Value of Happiness: Why Reporting on Corporate Investments in Employee Happiness Matters
by Shay Tsaban and Tal Shavit
World 2026, 7(5), 77; https://doi.org/10.3390/world7050077 - 7 May 2026
Viewed by 645
Abstract
This conceptual framework paper critically evaluates the economic, regulatory, and accounting significance of transparent reporting on investments in employee happiness, emphasizing its potential to reduce information asymmetry in capital markets. We define employee-happiness investments as deliberate organisational expenditures and management practices designed to [...] Read more.
This conceptual framework paper critically evaluates the economic, regulatory, and accounting significance of transparent reporting on investments in employee happiness, emphasizing its potential to reduce information asymmetry in capital markets. We define employee-happiness investments as deliberate organisational expenditures and management practices designed to enhance employees’ overall life satisfaction. Information asymmetry, a condition that occurs when managers possess better information than investors, poses substantial risks including market inefficiencies, misallocation of capital, and increased costs of capital. Empirical evidence consistently illustrates that employee happiness is positively correlated with enhanced firm productivity, lower risk, and improved financial performance. Despite these clear linkages, current international accounting and regulatory frameworks do not adequately capture investments in employee happiness, with International Accounting Standard 38 mandating immediate expensing rather than balance sheet recognition due to identifiability and control constraints. This treatment could exacerbate informational disparities and may potentially hinder effective investor decision-making by obscuring strategic resource allocation patterns within aggregated expense line items. Drawing on recent studies and real-world financial outcomes, the paper argues for complementary disclosure reforms mandating standardized reporting of employee-happiness investments and outcomes as a crucial step toward more informed market assessments and sustainable corporate practices. Full article
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