Prior studies are lacking on the drivers of sustainable investment. Hence, this study examines the relationship between the social aspects, environmental aspects, economic benefits, market conditions, and corporate governance issues on sustainable investment. Sustainable investment has been rising since the last decade. However, sustainable investment is preceded by ethical investment, green investment, and socially responsible investment. In order to understand the sustainability of an investment before decision-making, it proposed a set of attributes to measure its sustainability using investor’s linguistics preferences. The proposed attributes are interrelated and based on investor’s linguistic preferences. The study employs the fuzzy set theory to handle the uncertainty resulting from the vagueness of linguistic terms and applies decision making trial and evaluation laboratory (DEMATEL) to determine the nature of interrelationships among sustainable investment attributes. The result indicates that corporate governance, economic performance, and market risks are the causal aspects of sustainable investment. In addition, this study found that transparency, anti-corruption, and board diversity were the two most important criteria of corporate governance. Furthermore, the three most important criteria of economic performance presented the model were excess return, market value, and shareholder loyalty. The theoretical and practical implications of sustainable investment are discussed.
This study establishes a valid set of circular supply chain management enablers in Vietnam under uncertainties. Circular supply chain management optimizes resource utilization and minimizes waste in achieving competitive advantage; however, prior studies failed to build enablers for industrial improvement under qualitative information. This study adopts the fuzzy Delphi method to arrive at a valid group of attributes. Fuzzy set theory deals with the uncertainties from qualitative data, and fuzzy interpretive structural modeling builds the hierarchical structure under uncertainties. The best-worst method confirms the consistencies. This study stipulates a four-level hierarchical structure in the seafood processing industry. The results show that organizational capability and agility, technological advancement and economic benefit are dominant aspects. Commitment of leadership and managerial support, suppliers' collaboration, firm culture, readiness for organizational change and sustainability concept integration are top criteria for industrial improvement.
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