Hybrid Approach to Corporate Sustainability Performance in Indonesia’s Cement Industry

Wang, Ching-Hsin; Chen, Yi‐Chun; Sulistiawan, Jovi; Bui, Tat‐Dat; Tseng, Ming‐Lang

doi:10.3390/su132414039

Cited by 6 publications

(6 citation statements)

References 64 publications

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“…Our results concur with related Daly's previous inferred suggestions highlighting that the adoption of RCA assists companies not only in setting competitive prices but also in aligning pricing strategies with other strategic activities such as market share, growth and development [49] to foster sustainability initiatives. Engaging this same logic suggests that RCA and competitive pricing mechanisms can be aligned to foster sustainability tenants like social sustainability [41], waste reduction [2] and environmental protection [59]. It is in light of such foundations that other vital strategies linked to environmental, social stability, and ecological dimensions of sustainability can also be aligned to enhance sustainable profitability in energy markets.…”

Section: Moderating Effectsmentioning

confidence: 98%

“…Nonetheless, Chen, in an attempt to examine sustainability and company performance of manufacturing companies, used cost, market, growth, eco-system vitality, environmental health, environmental factors within production, governance, education, and individual and community attributes to measure sustainable corporate performance [2]. In another study, Wang and others interchangeably use environmental impact, social sustainability, economic gain, technical feasibility, and industrial compliance attributes to measure corporate sustainability performance in Indonesia's cement industry [59]. In a similar fashion, we applied a questionnaire to measure and collect data on sustainable profitability.…”

Section: Datamentioning

confidence: 99%

“…However, we asked neutrally worded questions and ensured that the answer options were not leading so as to avoid questionnaire bias. Therefore, sustainable profitability was modelled using fifteen variable items adapted from previous related studies [2,[59][60][61][62]. The sustainable profitability perspectives encompassed variable items such as financial performance, resource usage, environmental pollution, human resources development and community and social interests, as shown in Table 1 [2] (Supplementary Material).…”

Section: Datamentioning

confidence: 99%

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The Role of Resource Consumption Accounting in Achieving Competitive Prices and Sustainable Profitability

2022

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This study examines the roles of resource consumption accounting and competitive prices in attaining sustainable profitability. The objectives were (1) to determine whether the adoption of resource consumption accounting practices yields significant improvements in competitive strategies in a highly competitive situation where activity-based costing has proved to be insignificant, and (2) to ascertain if the positive relationship between competitive pricing and sustainable profitability is increased by the extent to which resource consumption accounting exerts pressure for sustainability profitability. A PLS-SEM procedure was applied in analysing 129 of the top 30 performing companies’ structured questionnaire responses drawn from five industries in Kurdistan from 2021. The empirical results demonstrated that competitive pricing models involving resource consumption accounting systems provide superior price forecasting, error reduction and profit maximisation capabilities than existing energy models. The study’s outcomes highlight that the extent to which resource consumption accounting exerts pressure on sustainability profitability significantly increases the positive relationship between competitive pricing and sustainable profitability. The results of this study advance construct and item development involving competitive pricing and resource consumption accounting while testing relationships to uncover the moderating role of resource consumption accounting in profit maximisation. Thus, energy and non-energy industrial companies must rely on resource consumption accounting to set competitive prices and enhance and sustain their profitability by considering the overlooked energy pricing stochastic parameters and errors amid rising energy shortages and costs.

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Section: Moderating Effectsmentioning

confidence: 98%

Section: Datamentioning

confidence: 99%

Section: Datamentioning

confidence: 99%

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The Role of Resource Consumption Accounting in Achieving Competitive Prices and Sustainable Profitability

2022

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“…There is limited knowledge that explores the environment-related concerns of the educational departments in China. The strategies and practices of sustainability have been underrated in China (Wang et al, 2021). Every sector in the competing international market needs to be explored in terms of sustainability practices.…”

Section: Research Contextmentioning

confidence: 99%

Sustainable Performance of China’s Education Sector through the Adoption of Eco-Innovation

Chen¹

2023

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The commitment of China toward sustainability has increased in recent times. The study aimed to evaluate the effect of eco-innovation on sustainable business performance within the educational sector of China. The study developed a framework that focused on management concerns, environmental commitment, eco-innovation, and management environment concerns regarding the sustainable business performance of educational institutes in China. The study adopted a quantitative methodology and used questionnaires for the collection of data from the educational sector. The survey collected 350 questionnaires from employees within the China educational sector which were analyzed using SPSS and AMOS. The study has used confirmatory factor analysis and structural equation modeling for data analysis. The results indicated that there was a positive impact on stakeholder and management concerns for the development of sustainability of educational institutions. The results also suggested that mediation of eco-innovation was significant for the management of environmental concerns and environmental commitment. The findings of this study present implications for the educational sector of China.

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“…Wang et al [77] argued that social performance, technological feasibility, and institutional compliance played essential roles in improving sustainability performance. In this way, the authors expanded the concept to corporate sustainability performance (CSP) which included technological feasibility and institutional compliance.…”

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confidence: 99%

Literature Review and Theoretical Framework of the Evolution and Interconnectedness of Corporate Sustainability Constructs

et al. 2022

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The concept of sustainable development (SD) was introduced in the “Our Common Future” report, launched in 1987, which influenced the emergence of many studies related to the role played by organizations as actors supporting SD. SD is a consolidated concept; however, since 1987, many political, social, and natural events have occurred on our planet, which have impacted companies’ behaviors. However, the diversity of research from different fields has provoked, among the academic community, a lack of clarity surrounding “sustainability” (S), “corporate sustainability” (CS) and “corporate social responsibility” (CSR) concepts. This lack of clarity can also be identified in companies, which have referred to “sustainability” only in the environmental field. Recently, increased discussions related to corporate sustainability metrics have shed light on the ESG criteria (environmental, social, and governance), increasing misperceptions associated with the concept. Ambiguous definitions and constructs may prevent managers from identifying sustainability goals for their companies. Therefore, literature reviews as a research method are more relevant than ever. Thus, in this work, we aim to answer the following question: How should we integrate different perspectives on corporate sustainability, in order to broaden the understanding of the concept? In this study, we conducted a focused bibliographic review and revisited the papers that most influenced the construction of the concepts. The information in this paper is helpful to improve the understanding of CS; to provide specific insights into the studies that have investigated this field; to help managers and entrepreneurs who are improving CS actions in their companies; and to support academia by putting together a large amount of information about this theme in one paper.

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Hybrid Approach to Corporate Sustainability Performance in Indonesia’s Cement Industry

Cited by 6 publications

References 64 publications

The Role of Resource Consumption Accounting in Achieving Competitive Prices and Sustainable Profitability

The Role of Resource Consumption Accounting in Achieving Competitive Prices and Sustainable Profitability

Sustainable Performance of China’s Education Sector through the Adoption of Eco-Innovation

Literature Review and Theoretical Framework of the Evolution and Interconnectedness of Corporate Sustainability Constructs

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