Financial Management Approaches for Firm Sustainability

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Introduction 

This special issue focuses on the dynamic landscape of the business environment, where value creation for achieving firm sustainability has become a focal point for policymakers and researchers. To meet the industrialization development, managers must rethink about suitable strategies and approaches that are able to generate values not only for wealth generation but also sustainably do so in the long run.  Firm sustainability issues have become critical for firm competition and thus firm performance in the business world. Several factors are found to be associated to sustainability such as firm size, firm structure, Environmental, Social, and Governance (ESG) factors, performance of sustainable investments, investors’ shifts away from fossil-fuel based investments, use of resources and financial strength, to name just a few. All these factors are also subject to fluctuations of economies and flows in money and capital markets. Alternatively stated, these factors might contribute to firm sustainability, if well managed.

Bouten et al. (2012) and Kell et al. (2015) highlight the inherent flaws of traditional financial management in achieving sustainability goals. Furthermore, recent global phenomena serve as sharp reminders of the critical need for companies to adopt more socially responsible practices (Tsuru, Wada, & Managi, 2021). This special issue addresses this requirement directly by digging into financial management solutions that contribute to SDGs 8, 12, and 13. Policymakers can use the findings from this special issue to create effective laws and incentives (Bauer, Gelabert, & Palazzo, 2022). Similarly, firms can use these discoveries to alter their strategies, resulting in a more fair and sustainable future (Aivazian & Aivazian, 2023; Epstein, Martynova, & Mühlhoff, 2022).

The papers in this special issue aim to provide a complete knowledge of the complex relationship between financial management and sustainability by using rigorous analysis and empirical data. In doing so, they hope to pave the path for a more resilient and equitable global economy, one better prepared to confront the multifarious problems of the twenty-first century.

List of topic areas

1. SDGs, Sustainability Index, and Sustainability-related Strategies
2. Corporate Sustainability Performance, Financial Performance, and Value Creation
3. Theories and Practices for Firm Sustainability
4. Sustainable Investments and Development
5. Ecological Sustainability, Market-Oriented Sustainability, Small-Business Sustainability 

Guest Editors 

Qian Long Kweh, Canadian University Dubai, United Arab Emirates, [email protected]
Ikhlaas Gurrib, Canadian University Dubai, United Arab Emirates, [email protected]
Dima Rachid Jamali, Canadian University Dubai, United Arab Emirates, [email protected]
Chee-Wooi Hooy, Universiti Sains Malaysia, Malaysia, [email protected]

Submissions Information

Submissions are made using ScholarOne Manuscripts. Author guidelines must be strictly followed.

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Author Guidelines 
 

Authors should select (from the drop-down menu) the special issue title at the appropriate step in the submission process, i.e. in response to ““Please select the issue you are submitting to”. 

Submitted articles must not have been previously published, nor should they be under consideration for publication anywhere else, while under review for this journal.

Key deadlines

Opening date for manuscripts submissions: 15/05/2024
Closing date for manuscripts submission: 15/12/2024    
Email for submissions: [email protected]

 

References:

Bouten L, Demange G, & Roegård M. (2012). Sustainable financial management: a review and research agenda. Journal of Business Ethics, 110(3), 313–327.
Kell, S. and Baker, M. (2015). The business argument for sustainability: A synthesis of evidence. Business & Society, 54(1): 1-50.
Tsuru, S., Wada, Y., & Managi, S. (2021). Financial instruments for promoting corporate sustainability: A review of the literature. Long Range Planning, 116, 102165.
Bauer, R., Gelabert, L., and Palazzo, G. (2022). Impact investment can help bridge the financial-sustainability gap. Journal of Business Ethics, 179(4): 795–814.
Aivazian, V., & Aivazian, S. (2023). The growing role of financial institutions in promoting corporate sustainability. Journal of Business Ethics, 180(1), 189-204.
Epstein, M. J., Martynova, M., & Mühlhoff, D. (2022). The impact of green financial policies on corporate environmental performance: Evidence from China. Journal of Business Ethics, 180(4), 907-927.