sustainability-logo

Journal Browser

Journal Browser

Sustainable Business and Corporate Performance: Opportunities and Challenges

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (31 March 2024) | Viewed by 4976

Special Issue Editor


E-Mail Website
Guest Editor
Graduate School of Management of Technology, Korea University, Seoul, Republic of Korea
Interests: technology management economics; technology strategy; technology transfer and commercialization; R&D and innovation policy

Special Issue Information

Dear Colleagues,

‘Sustainability’, the capacity to support, maintain or preserve, has emerged as one of the crucial considerations in corporate strategies for firms to survive the VUCA (volatility, uncertainty, complexity, and ambiguity) environments and perform better. Enterprises of all sizes across the globe must strive to adapt to the unpredictable futures to ensure their sustainable business growth via the adoption of a wide variety of solutions and approaches. Especially given phenomenal technological advances in recent decades, firm performance depends largely on the continued application of novel technologies, leading to a new focus on the role of technological innovation in the sustainable business. It is therefore important to examine the ways in which firms behave differently in high-tech areas to sustain growth and determine the appropriate role for innovation in terms of corporate performance in a constantly changing and competitive business world.

We invite researchers in related fields to submit papers on any theoretical and empirical analysis, qualitative and quantitative studies, as well as new methods, models, and techniques to explore opportunities and challenges of “Sustainable Business and Corporate Performance” from diverse perspectives.

Submissions are solicited on a wide variety of topics. These include but are not limited to:

- Sustainability as a pillar of new strategies for competitive businesses;

- Environmental, social, and governance (ESG) in relation to corporate performance;

- Sustainability-based performance measurement;

- Technology and innovation management for sustainable business;

- Organizational management for sustainable business.

Prof. Dr. YoungJun Kim
Guest Editor

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

  • sustainability
  • sustainable business
  • corporate performance
  • ESG
  • technology and innovation
  • corporate strategies

Published Papers (4 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

21 pages, 637 KiB  
Article
Analyzing Factors That Affect Korean B2B Companies’ Sustainable Performance
by Sungchang Lee and Young Jun Kim
Sustainability 2024, 16(5), 1719; https://doi.org/10.3390/su16051719 - 20 Feb 2024
Cited by 1 | Viewed by 729
Abstract
This study empirically examines factors that can influence the sustainable corporate performance of Korean business-to-business (B2B) companies with the help of unique survey data. Factors such as technological capability, the chief executive officer (CEO)’s risk-taking propensity, B2B seller skill, and key account management [...] Read more.
This study empirically examines factors that can influence the sustainable corporate performance of Korean business-to-business (B2B) companies with the help of unique survey data. Factors such as technological capability, the chief executive officer (CEO)’s risk-taking propensity, B2B seller skill, and key account management (KAM) are analyzed to clarify their impact on sustainable financial and non-financial performance. In particular, given that environment, society, and governance (ESG) reporting has recently been widely recognized as an important evaluation factor for companies, we look at the mediating effects of ESG management on sustainable business performance. The results show that the CEO’s risk-taking propensity and B2B seller skill significantly impact the company’s sustainable financial performance, while technological capability and the CEO’s risk-taking propensity significantly impact sustainable non-financial performance. The fact that a CEO’s risk-taking propensity affects both sustainable financial and non-financial performance indicates the importance of entrepreneurial competency in the sustainability of the company. Furthermore, the findings reveal that ESG management plays a crucial role in sustainable corporate performance. The mediating role of ESG management allows technological capability, B2B seller skill, and KAM to influence sustainable financial performance significantly. Likewise, all of the explanatory factors contribute to the company’s sustainable non-financial performance through ESG management. The findings are important for both practitioners and scholars because they emphasize the need to establish an optimal ESG management strategy for corporate survival and sustainability. Furthermore, this study underscores that ESG management should be implemented by all organizational members, from CEOs to employees. Future research will include more comprehensive samples and analyze various strategic factors not covered in this study to derive effective ways by which companies can increase their performance and sustainability. We will also explore the factors that contribute to good ESG management practices. Full article
Show Figures

Figure 1

21 pages, 2131 KiB  
Article
Customer–Resource Relationships in the Continuous Business Model Innovation of Technology Companies: Google Cases
by Heesang Lee and Jinsun Jung
Sustainability 2024, 16(1), 257; https://doi.org/10.3390/su16010257 - 27 Dec 2023
Viewed by 795
Abstract
Research interest in business model innovation (BMI) has increased in highly competitive environments. However, there has been a relative lack of empirical case studies on how companies have built continuous BMI for sustainable success and growth in today’s complex technology and volatile customer [...] Read more.
Research interest in business model innovation (BMI) has increased in highly competitive environments. However, there has been a relative lack of empirical case studies on how companies have built continuous BMI for sustainable success and growth in today’s complex technology and volatile customer environments. We adopted the “BMI Customer–Resource (CR) matrix” framework by focusing on the customer and resource as the critical determinants of sustained BMI success in technology companies. The first finding of this paper is to develop and expand a conceptual framework for analyzing the sustainable growth and success of leading technology companies. By examining Google’s 14 BMs with the CR-matrix, we derived five propositions about the success conditions for sustained BMI. We compared them to existing research on Amazon.com, finding four similarities and three differences. We also made an empirical contribution that reveals that conducting BMs while appropriately exploring and leveraging new or existing customers and resources can affect a company’s sustainable success. Full article
Show Figures

Figure 1

26 pages, 3170 KiB  
Article
A Streamline Sustainable Business Performance Reporting Model by an Integrated FinESG Approach
by Victoria Bogdan, Luminita Rus, Dana Simona Gherai, Adrian Gheorghe Florea and Nicoleta Georgeta Bugnar
Sustainability 2023, 15(24), 16860; https://doi.org/10.3390/su152416860 - 14 Dec 2023
Cited by 3 | Viewed by 936
Abstract
ESG reporting and disclosure enable financial performance by attracting revenues and optimizing managerial decisions. Within this landscape falls the present study that aimed to examine the quality of ESG reporting connected to the financial performance of listed companies. Stratified analysis revealed four groups [...] Read more.
ESG reporting and disclosure enable financial performance by attracting revenues and optimizing managerial decisions. Within this landscape falls the present study that aimed to examine the quality of ESG reporting connected to the financial performance of listed companies. Stratified analysis revealed four groups of companies according to the average value of ROA and ROE indicators, as well as four classes according to the average ESG disclosure score. The analysis of GRI topics and materiality disclosure scores showed an average disclosure level on ESG components, located between a satisfactory and a good level of disclosure. Also, companies were found to be more inclined to disclose data on the sustainability strategy but provided poor and vague information on the business model. The results of comparative clustering analysis based on FinESG reporting and disclosure scores showed that 31.57% of companies maintained their position in the final ranking. Content analysis of sustainability reports by Leximancer, v.5.0 software highlighted that the most salient topic was “employees”, and it revealed correlations between the themes “employees” and “emissions”. The practical implications of the study were found in the promotion of an integrated reporting that best meets the needs of both stakeholders and those of environmental protection and the development of society. Full article
Show Figures

Figure 1

19 pages, 328 KiB  
Article
ESG and Investment Efficiency: The Role of Marketing Capability
by Weijia Hu, Jining Sun, Yu-En Lin and Jingbo Hu
Sustainability 2023, 15(24), 16676; https://doi.org/10.3390/su152416676 - 08 Dec 2023
Viewed by 1449
Abstract
This study examines whether and how corporate environmental, social, and governance (ESG) performance is associated with firms’ investment efficiency while considering the role of firms’ marketing capability. Using a sample of U.S. firms from 1991 to 2019, we find robust evidence that firms [...] Read more.
This study examines whether and how corporate environmental, social, and governance (ESG) performance is associated with firms’ investment efficiency while considering the role of firms’ marketing capability. Using a sample of U.S. firms from 1991 to 2019, we find robust evidence that firms with better marketing capabilities (MC) are more likely to engage in ESG activities and receive higher ESG scores. In addition, ESG engagement by firms with better marketing capabilities reduces investment inefficiency. Moreover, we find that the effect of MC-fitted ESG is more prominent when economic policy uncertainty is low or agency costs are low. The results are also driven by social or environmental dimensions. Our empirical evidence extends the understanding of firms’ decisions cross-functionally. Full article
Back to TopTop