Dear Colleagues,

Sustainability has become a buzz word in academic and policy-making institutions and the business world (Chofreh, Goni, and Klemeš 2018). Its importance and penetration have been devised since environmental issues such as resource depletion, climate change (Benedetti et al., 2021), and environmental pollution (Mumtaz and Yoshino 2021) have begun to affect human life and the global ecosystem (Newell and Patterson 2010). Corporate governance has a pivotal role in ensuring the firm’s sustainability and the enterprise environment and ecosystem (Elkington 2006).

Corporate governance is an organizational governance mechanism and framework that is the basis for transparent operational activities, understood as compensation for the interests of different stakeholders including the environment and ecosystem. The sustainable corporate governance mechanism ensures compliance with internal codes of conducts, environmental policies, state policies, and ensures a socially responsible business to achieve corporate objectives and, consequently, the means of achieving them as well as measuring the results achieved (Michelon and Parbonetti 2012).

According to the traditional understanding, corporate governance is to protect shareholder investments from the “claws” of opportunistic managers (shareholder primacy) by making transparent the internal affairs of the firms (Lin and Chuang 2011; Naciti, Cesaroni, and Pulejo 2021), but recent research has extended its sphere toward other stakeholders, including employees, the state, the environment, and society at large. In this Special Issue, titled “Sustainability of Corporate Governance and Enterprise Environment”, we intend to go beyond the traditional understanding of corporate governance and the enterprise environment.

Original research articles and reviews are welcome. Research areas may include (but are not limited to) the following:

a. Board diversity and ethics.

b. Internal structure and economic responsibility to:

• Manage the internal system transparently;
• Fulfil the responsibilities of the firm to investors and other stakeholders.

c. Board size and social accountability.

d. Environment protection and sustainability.

e. CEO duality and financial performance of the firm.

f. Shareholder activism and CSR.

g. Financial reporting and auditing.

h. Management entrenchment and the firm’s financial performance.

i. Institutional shareholdings and transparency.

j. Management shareholdings and agency cost.

We look forward to receiving your contributions.

References

Benedetti, Davide, Enrico Biffis, Fotis Chatzimichalakis, Luciano Lilloy Fedele, and Ian Simm. 2021. “Climate Change Investment Risk: Optimal Portfolio Construction Ahead of the Transition to a Lower-Carbon Economy.” Annals of Operations Research 299(1–2):847–71. doi: 10.1007/s10479-019-03458-x.

Chofreh, Abdoulmohammad Gholamzadeh, Feybi Ariani Goni, and Jiří Jaromír Klemeš. 2018. “Sustainable Enterprise Resource Planning Systems Implementation: A Framework Development.” Journal of Cleaner Production 198:1345–54. doi: 10.1016/j.jclepro.2018.07.096.

Elkington, John. 2006. “Governance for Sustainability.” Corporate Governance: An International Review 14(6):522–29. doi: 10.1111/j.1467-8683.2006.00527.x.

Lin, Chih Pin, and Cheng Min Chuang. 2011. “Principal-Principal Conflicts and IPO Pricing in an Emerging Economy.” Corporate Governance 19(6):585–600. doi: 10.1111/j.1467-8683.2011.00870.x.

Michelon, Giovanna, and Antonio Parbonetti. 2012. “The Effect of Corporate Governance on Sustainability Disclosure.” Journal of Management and Governance 16(3):477–509. doi: 10.1007/s10997-010-9160-3.

Mumtaz, Muhammad Zubair, and Naoyuki Yoshino. 2021. “Greenness Index: IPO Performance and Portfolio Allocation.” Research in International Business and Finance 57(February):101398. doi: 10.1016/j.ribaf.2021.101398.

Naciti, Valeria, Fabrizio Cesaroni, and Luisa Pulejo. 2021. “Corporate Governance and Sustainability: A Review of the Existing Literature.” Journal of Management and Governance 26(1):55–74. doi: 10.1007/s10997-020-09554-6.

Newell, Peter, and M. Patterson. 2010. “What Futures for Climate Capitalism.” Climate Capitalism 161–81. doi: 10.1007/978-3-531-94018-2.

Prof. Dr. Oskar Kowalewski
Dr. Abdul Wahid
Guest Editors

Manuscript Submission Information

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• corporate governance
• sustainability
• green finance
• corporate finance
• entrepreneurship
• family firms