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1 – 10 of over 28000Joan Enric Ricart, Miguel Ángel Rodríguez and Pablo Sánchez
Although an extensive body of research treats the fields of corporate governance and sustainable development separately, less attention has been paid to the interaction between…
Abstract
Purpose
Although an extensive body of research treats the fields of corporate governance and sustainable development separately, less attention has been paid to the interaction between both fields. This paper attempts to bridge this gap by examining how corporate governance systems are evolving in order to integrate sustainable development thinking into them.
Design/methodology/approach
Drawing from corporate governance, sustainable development, and stakeholder theory literature, an analysis is performed of the governance systems of the 18 corporations that are leading the market sectors considered by the Dow Jones Sustainability World Index.
Findings
The results of our in‐depth analysis of the 18 cases are presented and the sustainable corporate governance model that emerges from that analysis is proposed.
Research limitations/implications
This model does not attempt to question or replace the previous recommendation and frameworks suggested in the literature on corporate governance and codes of governance. On the contrary, the model should be viewed as a way of integrating sustainable development/corporate responsibility into the fabric of already existing governance models suggested elsewhere.
Originality/value
The suggested model seems to be a good framework both for managers and for researchers because it can be used to improve the firm's governance systems as well as a guide for future research on sustainable corporate governance.
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Hedda Ofoole Knoll and Sarah Margaretha Jastram
This paper aims to highlight the challenges and opportunities of sustainable global value chain governance, it demonstrates strong theoretical deficits in this field and offers…
Abstract
Purpose
This paper aims to highlight the challenges and opportunities of sustainable global value chain governance, it demonstrates strong theoretical deficits in this field and offers new pragmatist conceptual perspectives.
Design/methodology/approach
The empirical analysis is based on document analyses, 47 expert interviews and on field observations in Ghana, Africa.
Findings
Based on an in-depth analysis of a US firm operating a fair trade value chain in an intercultural environment, the authors show that universalistic value chain-oriented governance instruments often fail because of strong institutional and cultural distances. Against the prevailing strategies of top-down management, the authors suggest a more bottom-up, pragmatist and collaboration-based approach to sustainable global value chain governance.
Research limitations/implications
The results of an in-depth case study are not generalizable. Instead, they provide holistic insights into a so-far insufficiently examined field and an empirical fundament for further research on sustainable governance in global value chains. In particular, research on pragmatist, collaborative, dialogue based, bottom-up approaches of sustainable value chain governance will be of great value to further theoretical development of this field.
Practical implications
This study is relevant to researchers and practitioners in the field of sustainable value chain governance. It reveals several misunderstandings about the effectiveness and impacts of sustainable governance in less developed countries and thus builds a foundation for better and more effective problem-solving approaches in international sustainable management activities.
Social implications
Nontransparent supplier networks and (illegal) sub-contracting, as well as the strong influences of institutional, cultural and sub-cultural factors, make responsible value chain management a challenging task for any firm with international value creation activities. This leaves workers in local factories vulnerable to infringements of their fundamental human rights and the environment unprotected against long-lasting damages. Addressing these challenges and developing new solutions, therefore, can have strong impacts on the lives of workers in international supply chains.
Originality/value
The authors contribute, first, a differentiated empirical description and analysis of a sustainable value chain approach in a less developed country in Africa. Second, using an example of the field study, the authors highlight limitations of value chain-related governance theory based on a field study by illustrating the challenges and barriers and a lack of existing concepts concerning effective sustainable governance in global value chains. Third, the authors show different managerial responses to these cultural and institutional challenges between universalism and relativism, and, fourth, the authors suggest a more collaborative, bottom-up and pragmatist approach to sustainable value chain governance.
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This paper seeks to review multidimensional aspects of local sustainable development policy in the context of governance. It aims to focus on the general conditions in Poland and…
Abstract
Purpose
This paper seeks to review multidimensional aspects of local sustainable development policy in the context of governance. It aims to focus on the general conditions in Poland and to base its analysis on empirical research in selected Polish communities.
Design/methodology/approach
In the first theoretical part the paper presents multidimensional aspects of governance for local sustainability. Identified barriers are the analyzed, based on case studies of local communities.
Findings
The paper shows that even if sustainable development and governance are integrated in theoretical discourses, in the practice of local policy making they are rarely considered in conjunction with each other. A lack of understanding of the importance of governance for sustainability and for local development has been identified on the practical level of local policy making. The Polish case studies show that the responsibility for governance barriers to local sustainable development is shared by local decision‐makers and local societies.
Practical implications
Creation of partnership and dialogue between the local community and government is believed to be of critical importance for local sustainable development. The relationship between local government and society can greatly enhance or obstruct sustainable development initiatives. The change towards local sustainable development requires more open and transparent decision‐making procedures that promote participation by a wide range of stakeholders.
Originality/value
The paper is another voice in the debate on governance for local sustainable development. Based on empirical examination it shows the issue of governance barriers for local sustainable development from a Polish local perspective.
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This paper aims to analyze the impact that sustainable board governance has on corporate social responsibility (CSR) on the European capital market because of the current debate…
Abstract
Purpose
This paper aims to analyze the impact that sustainable board governance has on corporate social responsibility (CSR) on the European capital market because of the current debate of future European regulations on the topic.
Design/methodology/approach
Based on a legitimacy and stakeholder theoretical framework, the author conducts a structured literature review and includes 86 quantitative peer-reviewed empirical (archival) studies on board gender diversity, sustainability board expertise and sustainability-related executive compensation and their impact on CSR variables.
Findings
Gender board diversity represents the most important variable in this literature review. The included categories of sustainable board governance positively influence both the total CSR and environmental outputs.
Research limitations/implications
A detailed analysis of sustainable board governance proxies is needed in future archival research to differentiate between symbolic and substantive use of CSR. In view of the current European reform initiatives on sustainable corporate governance in line with the EU Green Deal project, future research should also analyze the interactions between the included sustainable board governance variables and their contributions to CSR.
Practical implications
As both stakeholder demands’ on CSR outputs and CSR washing have increased since the financial crisis of 2008–2009, firms should be aware of a substantive integration of sustainability within their boards of directors (e.g. because of composition and compensation) to increase their CSR efforts and long-term firm reputation.
Originality/value
This analysis makes useful contributions to prior research by focusing on sustainable board governance as a key determinant of CSR outputs on the European capital market. The European Commission’s future evidence-based regulations [e.g. the corporate sustainability reporting directive (CSRD) and the corporate sustainability due diligence directive (CSDD)] should be promoted.
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Twaha Kigongo Kaawaase, Twaha Kigongo Kaawaase, Juma Bananuka, Zainabu Tumwebaze and Doreen Musimenta
This study aims to examine whether energy governance mechanisms, energy consumption, energy poverty and firm characteristics do matter for sustainable development practices.
Abstract
Purpose
This study aims to examine whether energy governance mechanisms, energy consumption, energy poverty and firm characteristics do matter for sustainable development practices.
Design/methodology/approach
The study uses a cross-sectional survey of production managers, engineers and chief finance officers of firms under the Uganda Manufacturers Association. The data analysis was mainly done using the partial least squares structural equation modeling.
Findings
The regression analysis results indicate that ownership structure, capital structure, energy governance mechanisms, energy poverty and energy consumption do matter for improved sustainable development practices. Firm age does not significantly matter for sustainable development practices.
Originality/value
This study provides initial evidence on what matters for improvement in sustainable development practices using evidence from developing African countries such as Uganda whose major focus is the attraction of foreign investors. Such countries focus on improvement in economic growth at the expense of social and environmental concerns.
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Valdir de Jesus Lameira, Jean Harris, Osvaldo Luiz Gonçalves Quelhas and Roberto G. Pereira
The purpose of this paper is to investigate, for some countries, the nature of relationships among three variables: the character of governance, the potential for sustainable…
Abstract
Purpose
The purpose of this paper is to investigate, for some countries, the nature of relationships among three variables: the character of governance, the potential for sustainable growth and the quality of energy management.
Design/methodology/approach
This study was based on a sample of data drawn from a database available from the World Bank. This database provides CO2 emissions and other environmental measures for 54 countries for the period 2000 to 2008. The character of governance was measured by using an indicator of character of governance constructed by Transparency International. Data were analyzed by applying the method of linear regression with panel data after the method of structural equations had been applied in a test of robustness.
Findings
The results of the analysis showed the existence of statistically significant relationships among character of governance, potential for sustainable growth and quality of energy management.
Originality/value
The results of this investigation allow for the inclusion of character of governance as a new and relevant variable in the search to understand the ways that efficient energy management may contribute to increasing opportunities for sustainable growth and development in countries.
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Lotta-Maria Sinervo, Luca Bartocci, Pauliina Lehtonen and Carol Ebdon
Sustainability is a pressing challenge of governance and public financial management. One key element of sustainable governance is the role of citizens. Participatory budgeting…
Abstract
Purpose
Sustainability is a pressing challenge of governance and public financial management. One key element of sustainable governance is the role of citizens. Participatory budgeting (PB) is a participatory tool with which citizens can influence public administration. PB is a democratic process that grants people real power over real money and it has spread around the world. This special issue explores the role of PB in the context of sustainable governance. In this editorial, the authors aim to approach PB as a form of sustainable governance.
Design/methodology/approach
In this editorial, the authors collaborate in the analysis of how PB is implicated in the public management of complex social, economic and ecological issues. The authors identify key dimensions of internal and external sustainability based on prior research. The authors approach these dimensions as an internal–external nexus of sustainable governance in which organizational and financial sustainability are the internal dimensions and socio-political and environmental sustainability are the external dimensions.
Findings
Even though PB can be seen as one tool for citizen participation, it has the potential to foster sustainability in multiple ways. PB, as a form of sustainable governance, requires a financially and administratively sustainable organizational process that results in the institutionalization of PB. It also includes thorough consideration of socio-political and environmental sustainability impacts of PB.
Originality/value
Academics are actively studying PB from various perspectives. However, most of this work has approached PB from the viewpoints of design and results of PB, and less is known about its institutional settings. PB has not yet been adequately studied in the context of sustainability, and there is a need to scrutinize PB as a form of sustainable governance.
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Bo Enquist, Mikael Johnson and Carolina Camén
What is contractual governance in a scenario of performance management? When approached from a static viewpoint, contracting is largely connected with the securing of resources…
Abstract
What is contractual governance in a scenario of performance management? When approached from a static viewpoint, contracting is largely connected with the securing of resources, thus acquiring a capacity focus. In this article, we focus on contractual governance as a part of performance management for a stakeholder network in a specific, government‐controlled context: Public Transport. In order to contribute to more dynamic and sustainable public service, a more process‐oriented approach to contractual governance is necessary. Public Transportation in Sweden has undergone an initial wave of development, the production paradigm, and is now undergoing what is more a second wave of service, the service paradigm. A third wave of development is approaching: sustainability. We argue that contractual governance creates a more dynamic contractual relationship as a key element of performance management leading to more sustainable public service. We also argue that a proactive approach during the mission will positively affect all the stakeholders involved.
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Loai Ali Zeenalabden Ali Alsaid
This study seeks to explore the powerful role(s) of institutionalised performance measurement systems or metrics in smart city governance in a politically and militarily sensitive…
Abstract
Purpose
This study seeks to explore the powerful role(s) of institutionalised performance measurement systems or metrics in smart city governance in a politically and militarily sensitive developing country.
Design/methodology/approach
This study extends the application and contribution of a multi-level institutional framework to previous management accounting literature on the potential relationship between performance measurement and smart city governance. The value of utilising a multi-level framework is to broaden and deepen theoretical analyses about this relationship to include the effect of political pressure from the military regime at the macro level on the institutionalisation of a performance measurement system at the micro-organisational level. Taking the New Cairo city council smart electricity networks project (Egypt) as an interpretive qualitative single-case study, data collection methods included semi-structured interviews, direct observations and documentary readings.
Findings
Performance measurement systems or metrics, especially in politically and militarily sensitive smart cities, constitutes a process of cascading (macro-micro) institutionalisation that is closely linked to sustainable developments taking place in the wider arena of urban policies. Going a step further, accounting-based performance metrics, arising from political and military pressures towards public-private collaborations, contribute to smart city management and accountability (governance). Institutionalised measurement systems or performance metrics play a powerful accounting role(s) in shaping and reshaping political decisions and military actions in the city council.
Originality/value
Theoretically, this study goes beyond the cascading institutionalisation process by arguing for the powerful role(s) of institutionalised accounting and performance measurement systems in smart city decision-making and governance. Empirically, it enriches previous literature with a case study of a developing Arab Spring country, characterised by an emerging economy, political sensitivity and military engagement, rather than developed and more stable countries that have been thoroughly investigated. It is also among the first politically engaged accounting case studies to highlight public-private collaborations as a recent reform in public sector governance and accountability.
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Pooja Mishra and Tatavarty Guru Sant
Sustainable development (SD) is widely acknowledged as the center around which all development efforts should revolve. Banking is a crucial component of SD, and the adoption of…
Abstract
Purpose
Sustainable development (SD) is widely acknowledged as the center around which all development efforts should revolve. Banking is a crucial component of SD, and the adoption of sustainable banking practices by various banking institutions is a powerful catalyst for its achievement. This paper aims to investigate the level of adoption of environmental, social and governance (ESG) indicators in India and the extent to which financial institutions use these strategies. In addition, the banks have been classified according to their sustainable banking performance and showing a relationship between ESG and sustainability.
Design/methodology/approach
An ESG framework has been developed for the Indian banking system that focuses on the behavior of banks. The evaluation of literature helps to identify the gaps in particular frameworks for analyzing sustainable banking practices in developing nations because of the variation in economic criteria between developed and developing countries. An attempt to construct a common framework for measuring the banking sector’s sustainable efforts has been done in the past. Specifically in India, where the social and environmental dimensions of sustainability are of equal importance to governance indicators, these studies fall short of providing relevant indicators. Multiple financial reports, nonfinancial reports, corporate social responsibility reports and business responsibility reports of this sector were analyzed using content analysis techniques against ESG indicators for sustainability attainment.
Findings
The result of this study shows that both the sectors are disclosing their environmental indicators more as compared to other dimensions. While the analysis says that private companies are going better than public companies in terms of disclosing their ESG indicators. As compared to the international banking sector, adoption of Global Reporting Initiatives standards, United Nations Environment Programme Financial Initiatives (UNEP FI), Green Credit Policy and Equator Principles (EP) is near to the ground in India. IDFC bank is the only entity that started implementing EP practices and Yes bank also is doing a wonderful implementation of the green policies and is the signatory to UNEP FI.
Practical implications
The current state of sustainable banking in India is reflected in the implementation of the proposed framework. To better integrate sustainability problems into banking, this study provides helpful information for banks and other stakeholders. In addition, this study corrects the lack of research in the Indian context on sustainable banking.
Originality/value
To the best of the authors’ knowledge by far, this is one of the prime studies to inspect the degree of ESG disclosure by the Indian banking sector in their sustainability report.
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