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Sustainable Economy and Corporate Responsibility

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 December 2023) | Viewed by 13081

Special Issue Editors


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Guest Editor
Department of Economics and Statistics, University of Salerno, Via Giovanni Paolo II, 184, 84084 Fisciano, SA, Italy
Interests: time series analysis; forecasting; forecast evaluation; volatility; financial econometrics; risk management; energy forecasting

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Guest Editor
Department of Economic and Statistical Sciences, University of Salerno, I-84084 Fisciano, SA, Italy
Interests: innovation economics; environmental economics; labor economics; econometrics; public policy; economics of innovation; patents; knowledge diffusion process; employment; green economy; applied microeconometrics
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

An increasing number of studies may be evaluated in the recent literature concerning Sustainability and Corporate Responsibility. Indeed, corporate responsibility is about a business trying to do well in the community through opportune responsible strategies. Sustainability can be seen as a part of corporate social responsibility, while corporate responsibility does not always consider sustainability. Corporate responsibility usually considers a firm’s commitment to practice environmental and social sustainability and to be good stewards to the environment and the social landscapes in which they decide to operate. For a full achievement of economic sustainability and growth the link between sustainability and corporate responsibility assumes a role very important for each economy in the world, but the relative empirical evidence is yet weak.
The aim of this Special Issue is to further investigate the link between sustainability actions source strategy and corporate responsibility focusing attention to the exploration of the phenomenon from a quantitative perspective. The analysis, based on the specific statistical methods and economic tools, could suggest the more adequate policy recommendations to stimulate economic growth in a more sustainable context.
Theoretical and empirical contributions from the economic or statistical perspective concerning the strategies relative to public policies to support economic growth through the sustainability tools and the evaluation of sustainable development performances are welcome in this Special Issue.

Prof. Dr. Alessandra Amendola
Prof. Dr. Luigi Aldieri
Guest Editors

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
  • corporate responsibility
  • economic performance
  • statistical indicators
  • public policies

Published Papers (4 papers)

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Research

28 pages, 2427 KiB  
Article
Enhancing Business Decision Making through a New Corporate Reputation Measurement Model: Practical Application in a Supplier Selection Process
by José Luis Galdón Salvador and Gabriel Marín Díaz
Sustainability 2024, 16(2), 523; https://doi.org/10.3390/su16020523 - 07 Jan 2024
Viewed by 1124
Abstract
The importance of corporate reputation is a critical issue for business growth, sustainability, and success, as it represents a key intangible asset for the management of all companies. This business importance has its correlation in the academic and research field, where corporate reputation [...] Read more.
The importance of corporate reputation is a critical issue for business growth, sustainability, and success, as it represents a key intangible asset for the management of all companies. This business importance has its correlation in the academic and research field, where corporate reputation has a high number of publications in the literature. However, despite the importance of this concept, one of the great challenges of recent decades, and one that is still evident today, is how to measure corporate reputation quantitatively and how it affects sustainability. Following an in-depth exploration of the available literature, this manuscript aims to demonstrate the effective application of fuzzy models in enhancing decision-making processes within the realm of corporate reputation management for companies. To achieve this goal, this paper proposes a new corporate reputation measuring model based on the fuzzy 2-tuple linguistic and AHP (Analytic Hierarchy Process) methodologies. The proposed model promotes the computation of corporate reputation for companies based on three widely cited and universally recognized criteria outlined in the literature, drawing inspiration from a well-established framework in the field. This approach ensures a comprehensive and widely accepted foundation for evaluating corporate reputation: Capability, Benevolence, and Integrity and adding the Net Promote Score variable. To integrate sustainability into this equation, our model suggests the inclusion of variables related to sustainable practices in the measurement of corporate reputation. Recognizing the growing importance of sustainability in the public perception of companies, factors such as social responsibility, environmental management, and business ethics are recommended for consideration in the assessment of corporate reputation. The model proposed in this paper is tested and validated on a real business case, based on the selection of several companies selected for an empirical study in the selection of suppliers. For future research endeavors, the authors suggest expanding the model to encompass various decision-making processes. Additionally, they recommend exploring the integration of machine learning algorithms and data analysis techniques to identify patterns and provide recommendations for enhancing corporate reputation. Full article
(This article belongs to the Special Issue Sustainable Economy and Corporate Responsibility)
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25 pages, 1453 KiB  
Article
The Association between Corporate Social Responsibility, Employee Performance, and Turnover Intention Moderated by Organizational Identification and Commitment
by Mohammad Alnehabi and Al-Baraa Abdulrahman Al-Mekhlafi
Sustainability 2023, 15(19), 14202; https://doi.org/10.3390/su151914202 - 26 Sep 2023
Viewed by 2716
Abstract
Corporate social responsibility (CSR) holds increasing significance within Saudi Arabia’s banking sector. By adopting responsible and sustainable practices, banks can not only enhance their financial performance but also bolster the trust and loyalty of their customers. The sector recognizes that high turnover rates [...] Read more.
Corporate social responsibility (CSR) holds increasing significance within Saudi Arabia’s banking sector. By adopting responsible and sustainable practices, banks can not only enhance their financial performance but also bolster the trust and loyalty of their customers. The sector recognizes that high turnover rates and subpar performance can lead to elevated costs and reduced trust in the bank’s services. Consequently, this study aims to investigate how organizational identification and commitment mediate the relationship between CSR, employee performance (EP), and turnover intention (TI). Following a survey with 550 employees, the structural equation modelling technique was applied to test the study’s model and complex relationships. The study assessed 12 hypotheses, 8 of which represented direct relationships, while the remaining 4 explained the mechanisms of the mediating relationships. All of these hypotheses show significant relationships. All variables explained the variance of EP by 42% while explaining the variance of TI by 28%, which had a moderate effect on the dependent variables. The model indicates that values are well constructed and that the model has predictive relevance due to Q2 being above 0. The study’s findings demonstrate that organizational identification and commitment channel the link between corporate social responsibility and employee performance and turnover intention. The study underscores the significance of CSR, organizational identification, and commitment in the Saudi Arabian banking sector. It provides valuable insights for banks to enhance employee performance, reduce turnover intention, and strengthen corporate social responsibility initiatives. Full article
(This article belongs to the Special Issue Sustainable Economy and Corporate Responsibility)
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16 pages, 318 KiB  
Article
The Impact of ESG Scores on Risk Market Performance
by Luigi Aldieri, Alessandra Amendola and Vincenzo Candila
Sustainability 2023, 15(9), 7183; https://doi.org/10.3390/su15097183 - 25 Apr 2023
Viewed by 4220
Abstract
Over the last two decades, there has been an increased attention to and awareness of corporate environmental, social, and governance (ESG) responsibilities. The asset allocation process has changed accordingly to consider these ESG responsibilities, and it has largely been recognized that private and [...] Read more.
Over the last two decades, there has been an increased attention to and awareness of corporate environmental, social, and governance (ESG) responsibilities. The asset allocation process has changed accordingly to consider these ESG responsibilities, and it has largely been recognized that private and institutional investors are sensitive to ESG factors when deciding on firms in which to invest. In addition to ESG factors, other key stock-related factors to which investors generally pay attention are risk-adjusted indicators, such as the Sharpe ratio (SR) and the Sortino index (SI), as well as tail risk measures, such as the Value-at-Risk (VaR) and the Expected Shortfall (ES). Overall, the SR, SI, VaR, and ES can provide a guide for investors concerning the risk market performance of a stock under investigation. In this context, the research question that arises is the following: are firms’ performances sensitive to ESG rates? The present contribution aims to answer this question. In particular, the SR, SI, VaR, and ES measures of a set of listed firms are calculated and evaluated. Among these, there are firms with low ESG grades and some with high ESG grades according to two ESG rate providers. The list of stocks under consideration consists of the first 25 constituents (by weight) of the S&P500 index in the period from 2020 and 2022. The empirical findings indicate that risk market performance does not properly depend on high or low ESG rates. Full article
(This article belongs to the Special Issue Sustainable Economy and Corporate Responsibility)
16 pages, 528 KiB  
Article
Should I Stay or Should I Go? Explaining the Turnover Intentions with Corporate Social Responsibility (CSR), Organizational Identification and Organizational Commitment
by Erum Shaikh, Mohsen Brahmi, Pham Chien Thang, Waqas Ahmad Watto, Ta Thi Nguyet Trang and Nguyen Thi Loan
Sustainability 2022, 14(10), 6030; https://doi.org/10.3390/su14106030 - 16 May 2022
Cited by 28 | Viewed by 3712
Abstract
The aim of this paper was to investigate the relationship between corporate social responsibility (CSR), organizational commitment, and organizational identification with turnover intentions. This paper also explains the mediating relationship between organizational commitment and organizational identification with the corporate social responsibility and turnover [...] Read more.
The aim of this paper was to investigate the relationship between corporate social responsibility (CSR), organizational commitment, and organizational identification with turnover intentions. This paper also explains the mediating relationship between organizational commitment and organizational identification with the corporate social responsibility and turnover intentions. The data were gathered from banking professionals working in different banks in Pakistan. The participants were recruited through convenient sampling; in total, three hundred participants were involved in this study. The resulting data were analyzed, and the conclusions were drawn through regression and correlation analysis using the SPSS Software. The findings of this study show that corporate social responsibility plays a significant role in determining the organizational commitment and organizational identification of internal stakeholders and employees in financial institutions. This study will be help organizations determine their social responsibility and all the benefits that they can receive through the implementation of CSR practices. Full article
(This article belongs to the Special Issue Sustainable Economy and Corporate Responsibility)
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