In today's world, sustainability has become a major concern. The current study attempts to look into the impact of six sustainable development values on economic growth and emissions of carbon footprints: freedom, equality, solidarity, tolerance, respect for nature, and shared mobility. The moderating importance of urban development in regulating the relationship of economic growth and carbon footprints has also been investigated in this study. The structural equation modeling (SEM) analysis technique was utilized to confirm pathways and verify path modeling in this work. Overall, 302 responses were selected for data analysis, and data were collected using a self-administered questionnaire with a random sampling technique. The study found that two of the six sustainable development values (tolerance and solidarity) have a beneficial impact on a country's economic growth. However, freedom, equality, respect for nature, and shared mobility are not indicators of a country's economic progress. Similarly, economic expansion helps to mediate the relationship between tolerance, solidarity, and carbon emissions. Although urban growth did not play a moderating role, it has a positive impact on carbon emissions. The current study suggests various implications for long-term development to improve an economy's or country's economic performance. Furthermore, complete emphasis must be paid to sustainable development values, which are more closely linked to economic growth but also help cut carbon emissions. Future research should look into the current model in other countries.
The need for sustainable corporate governance has gained the interests of researchers for a while now and it has been found as a very significant component of successful organizational operations. The current paper has examined the role of sustainable corporate governance in achieving sustainable economic space along with measuring the indirect impact of technological innovation and IT governance on the whole process. This paper has followed the quantitative-positivism approach to measure the hypotheses developed in the study. The population considered in this study are the managers currently employed in the corporate sector in China (N = 310). The data is analyzed using the Smart-PLS 3.3.3 software for checking the data for preliminary screening and the measurement of hypotheses. The findings of the study show that the three components of sustainable corporate governance, i.e., concern for employees, sustainable corporate governance awareness, and the environmental aspects have a significant as well as a positive effect on technological innovation and hence on the sustainable economic space. Similarly, the study has recorded a significant moderating effect of IT governance on the relationship of technological innovation and the sustainable economic space. Overall, it can be seen that corporate governance, innovative technology, and a sustainable digital economy share a reciprocal relationship. Where corporate governance helps as a supporting force to keep both innovation and sustainability in action. Whereas IT governance provides enhanced communication and delivery of public services, business, and advanced human capital. The study will be of high advantage for the corporate sector in China for devising and modifying their policies that consider the employee’s concerns for the governance mechanisms prevailing at priority in the organizations. Further, it will be interesting for the organizations to incorporate the IT governance mechanism in their technological innovations for achieving a sustainable economic space.
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