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Sustainable Corporate Governance in a Global Economy

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 (30 November 2023) | Viewed by 1298

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Guest Editor
Department of Business, Faculty of Business, Babes-Bolyai University, 7 Horea Street, 400174 Cluj-Napoca, Romania
Interests: tax behavior; financial analysis; game theory; neuroeconomics; cognitive neuroscience
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Special Issue Information

Dear Colleagues,

In a global economy defined by the ongoing interplay of national and regional markets, sustainable corporate governance has emerged as a major topic of interest for company shareholders and executives, potential investors, customers, international bodies, NGOs, public authorities, and the general public. Companies are called on to adhere in the long run to the principles of corporate governance which foster economic development, sustainable economic growth, trust between economic entities and customers, investors, policymakers, the community at large, and compliance with legal frameworks.

This Special Issue will particularly focus on the main factors that shape sustainable corporate governance at a global level. Such insights are fundamental because good corporate governance is directly linked to an ethical business environment, responsible economic activities, sound relationships with overall stakeholders, increased interest among local and foreign investors, and long-term financial performance. On the other hand, bad corporate governance triggers unethical business practices, poor economic activities, flawed interactions with stakeholders, insolvency or bankruptcy. Therefore, this Special Issue welcomes research articles that bring novel insights into topics including (but not limited to) the importance of sustainable corporate governance for economic development, business integrity, corporate strategy and compensation, conflict management, environmental awareness, laws and regulations encouraging elements of corporate governance, financial reporting in a globalized world, transparency and accountability, trust among stakeholders, etc.    

Dr. Larissa Margareta Batrancea
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

  • sustainable corporate governance
  • financial decisions
  • financial reporting
  • economic and financial analysis
  • capital allocation
  • accountability
  • ethical behavior
  • ethical decision making
  • risk management
  • stakeholder responsibility

Published Papers (1 paper)

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Research

18 pages, 600 KiB  
Article
Surviving the Time: CEO Tenure and Its Impact on Risky Foreign Direct Investment in Conflict-Prone Belt and Road Initiative Participant Countries
by Hyoungjin Lee
Sustainability 2023, 15(17), 13250; https://doi.org/10.3390/su151713250 - 04 Sep 2023
Viewed by 687
Abstract
Introduced in 2013, the Belt and Road Initiative (BRI) emerged as a crucial catalyst in facilitating outward foreign direct investment (OFDI) of Chinese private enterprises. While the majority of BRI participant countries are characterized by high risk of violent conflicts, we have limited [...] Read more.
Introduced in 2013, the Belt and Road Initiative (BRI) emerged as a crucial catalyst in facilitating outward foreign direct investment (OFDI) of Chinese private enterprises. While the majority of BRI participant countries are characterized by high risk of violent conflicts, we have limited understanding of why firms invest in such regions despite such inherent risks. Thus, the aim of this study is to unveil the determinants of engagement in risky investment projects. Drawing on the literature of international business and strategic management, this study seeks to examine the relationship between CEO tenure and its impact on the likelihood of undertaking risky investments in the context of Chinese private firms in BRI participant countries. Using the sample of 1140 listed privately owned Chinese multinational enterprises (MNEs) that invested in at least one foreign country between 2013 and 2019, panel logistic regression was conducted to test the hypothesized relationships. The findings of this study indicate that the longer the CEO holds their position, the less likely the firm is to undertake risky investments. Moreover, when the longevity of CEO tenure is coupled with the presence of a dominant shareholder, this effect is further exacerbated. Furthermore, when a long-tenured CEO serves as the chairman of the board, the resistance to undertaking risky investment becomes stronger. By highlighting the effects of CEO tenure, as well as the relationship between governance characteristics and engagement in risky investment projects, this study suggests a sustainable corporate governance structure to build a transparent decision-making process for both investing firms and the host countries. Full article
(This article belongs to the Special Issue Sustainable Corporate Governance in a Global Economy)
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