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Accreditation represents a quality of academic standards and validation, and its impact on business schools is multifaceted. Accredited institutions are widely acknowledged for their higher quality, financial stability, stakeholder acceptance and overall growth compared to non-accredited educational institutions. Given these positive outcomes, this study aims to explore the role of accreditation in fostering financial innovation and business sustainability.

The study used a qualitative design to understand this relationship, engaging 36 leaders from Advance Collegiate Schools of Business-accredited business schools in the Gulf Cooperation Council region as participants to collect data. Semi-structured interviews were conducted to gain an in-depth understanding of the topic. Data were analysed using the content analysis method.

That accreditation significantly influences the business sustainability of these schools. In addition, although the direct impact of accreditation on financial innovation may not be immediately apparent, it was observed that financial inflows experienced remarkable growth after obtaining accreditation.

While the effects of accreditation have been thoroughly researched, its influence on financial innovation and business sustainability remains unexplored. This study aims to discern if accredited educational institutions excel in financial innovation and maintaining sustainable business practices. These findings have important implications as they guide university administrators to maximise the benefits of accrediting their business schools.

Reviews European Union environmental policy and explores the shift from “command and control” legislation to market‐based instruments. Traces the political development of one market‐based instrument, the eco‐management and audit scheme (EMAS). Gives an overview of how the elements of EMAS apply to industrial organizations and what requirement they need to achieve to be successfully registered on the scheme. Discusses the relationship between EMAS and national and international environmental management system standards and explores the roles of the European Commission and Member States. Highlights examples to illustrate the difficulties companies experience when applying EMAS environmental policy requirements.

Many organizations within the construction industry are becoming increasingly aware of the growing need for improved environmental performance within the scope of their business activities. Their interests are twofold, first in anticipation of increasingly stringent governmental legislation, both national and international, and second in response to the rising concern demonstrated by the general public for environmental issues. To meet increasing future expectations, a number of organizations within construction have implemented or are considering the development of a formal and structured environmental management system. This paper examines some of the principal issues associated with the development of environmental management systems within construction. Drawing upon a series of interviews with major construction clients, consultants and contracting organizations within the UK, investigation identifies the present level of awareness, raises current concerns and issues and looks at the likely future orientation of environmental management systems within the construction industry.

Green supply chain management is a concept that is gaining popularity in the South East Asian region. For many organizations in this region it is a way to demonstrate their sincere commitment to sustainability. However, if green supply chain management practices are to be fully adopted by all organizations in South East Asia, a demonstrable link between such measures and improving economic performance and competitiveness is necessary. This paper endeavors to identify potential linkages between green supply chain management, as an initiative for environmental enhancement, economic performance and competitiveness amongst a sample of companies in South East Asia.

For this purpose a conceptual model was developed from literature sources and data collected using a structured questionnaire mailed to a sample of leading edge ISO14001 certified companies in South East Asia followed by structural equation modelling.

The analysis identified that greening the different phases of the supply chain leads to an integrated green supply chain, which ultimately leads to competitiveness and economic performance. Future research should empirically test the relationships suggested in this paper in different countries, to enable comparative studies. A larger sample would also allow detailed cross‐sectoral comparisons which are not possible in the context of this study.

This paper presents the first empirical evaluation of the link between green supply chain management practices and increased competitiveness and improved economic performance amongst a sample of organizations in South East Asia.

This chapter argues that the revised ISO14001:2015 environmental standard for business constitutes a fundamental reframing of business engagement with environmental management. Drawing on the values framework of Shalom Schwartz, it is demonstrated how the revised standard represents a values shift-away from self-limiting approaches based on power, control and conformity. Instead, the revised standard frames environmental management into the language of achievement and openness where managers are encouraged to work together, make a difference, lead, inspire, engage and find innovative and creative solutions. Drawing on empirical research with small and medium enterprise managers, the significance of this values reframing is illustrated. Managers drawing on power and conformity to engage with environmental actions tended to focus on short-term actions that demonstrated quick financial payback or reputations wins. This is contrasted with managers drawing on achievement and self-direction values who took a longer term view to making a difference and working with others to find innovative solutions to complex problems. It is posited that this reframing represents a significant opportunity for business generally and for the environmental profession specifically to develop the skills and approaches required to tackle climate change and other sustainability related concerns.

The purpose of this paper is to examine the relationship between entrepreneurs’ personal values and corporate social responsibility (CSR) orientations among small- and medium-sized enterprises in a developing country, Zambia.

Data were collected through questionnaires. Two linear regression models were used to test the hypotheses.

Self-transcendence values have a significant positive influence on socially oriented CSR but do not influence environmentally oriented CSR. Self-enhancement values do not affect social and environmental CSR orientations. Conservation values have a marginally positive influence on environmentally oriented CSR but no influence on socially oriented CSR. Finally, openness to change has a significant positive influence on environmentally orientated CSR but no influence on socially oriented CSR.

The limitations of this study relates to the sector from which the sample was drawn, other predictors of CSR orientations, use of cross-sectional data, and the replication of this study to validate its findings.

The findings inform policy-makers, scholars, educators, and regulators on the importance of aligning personal values with environmental and social concerns, thereby influencing entrepreneurs’ CSR orientations for the well-being of society and the natural environment.

This paper shows the influence of personal values on CSR orientations among entrepreneurs in a hardly researched Sub-Saharan Africa country.

This study aims to investigate the bright and dark sides of environmental, social and governance (ESG) during the COVID-19 pandemic, including both the outbreak and recovery periods, for the Chinese hospitality industry.

Using panel data of 564 firm-quarter observations from 2018 to 2020, the authors adopt fixed-effects regression estimation with standard errors clustered at the firm level. To address potential endogeneity concerns, the authors also use the two-stage least squares estimator with instrumental variables.

The results suggest that ESG plays different roles in market- and accounting-based performance during the COVID-19 outbreak and recovery periods. Specifically, ESG practices show a bright side as a reputation builder to mitigate the negative pandemic impact on market-based performance, whereas the dark side of ESG practices consumes firm resources to aggravate the negative pandemic impact on accounting-based performance during the coronavirus outbreak. These results also suggest hospitality companies benefit bountifully from ESG practices during the COVID-19 recovery.

ESG plays a vital role for hospitality firms by providing insurance-like protection during and after the COVID-19 outbreak. Additionally, hospitality firms should evaluate their capability to adapt resource-consuming ESG practices.

Existing hospitality COVID-19 studies have investigated the effect of ESG on firm performance within a short period with mixed results. This study extends the literature by showing the different effects of ESG practices on market- and accounting-based performance during the COVID-19 outbreak and recovery periods.

This paper reports on the preliminary findings of an exploratory study on environmental decision making in the context of largely small serviced accommodation establishments. It focuses on the motivations of owner‐managers for becoming environmentally involved and their reasons for joining an environmental accreditation scheme. The study was conducted in Scotland using face‐to‐face in‐depth interviews with members of the Green Tourism Business Scheme, an environmental accreditation scheme for tourism businesses. Initial analysis suggests that involvement in environmental activities may be driven by economic as well as ethical considerations. The results point to the role played by personal values and beliefs in small firms’ decision making and the need to gain a greater understanding of the complexity of motives that drive the small hospitality business owner.

In this research, we examine the impact of ISO 14001, an international environmental management accreditation, on the long-term financial risk and sales growth of firms.

We employ a quasi-experimental design and construct 682 treated and control firms that are matched using propensity score matching. We then test our hypotheses using the difference in difference model.

We find that, although ISO 14001 leads to lower financial risk, standard management systems such as ISO 14001 actually hinder the sales growth of firms, an unanticipated outcome. In particular, this trade-off worsens over time, becoming particularly more severe among firms that adopt ISO 14001 early and operate in less-polluting industries.

We present a hidden side of environmental accreditations, indicating a potential trade-off in the long-term efficacy of environmental standard management systems.

Firms must be cautious about adopting environmental management systems. Over time, a focus on environmental certification could potentially hinder firms' long-term growth. Firms should also be aware of certification timing and levels of industry pollution to resolve the tension in the trade-off.

This research is one of the first studies demonstrating that environmental accreditations result in a trade-off between reducing financial risk and improving sales growth.

While sustainability issues in the tourism industry have been the subject of substantial research, such issues have not been well discussed in the field of events which is increasingly supporting tourism plans. The environmental sustainability of events in particular has not been thoroughly addressed, and sustainable tourism accreditation schemes have generally omitted events from their scope. Green Globe, an environmental accreditation scheme for tourism, suggests 25 different types of schemes to benchmark different sectors of the industry but fails to directly address events. This chapter evaluates the adaptability of Green Globe's environmental accreditation scheme to the event sector. Eight different indicators can be applied to special events. Six are suitable for events in their current state while two others require some adjustment.