What Drives Sustainable Development of Enterprises? Focusing on ESG Management and Green Technology Innovation

Zhang, Cong; Jin, Shanyue

doi:10.3390/su141811695

Cited by 40 publications

(24 citation statements)

References 60 publications

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“…ROA reflects the ability of a bank to generate income from its assets (Olmo et al, 2021;Boussaada et al, 2023). Credit risk has been prominently highlighted in the literature as a challenge for banking amidst climate risks (Zhang et al, 2022). Therefore, this study also considers credit risk as one of the banking risks and uses NPL ratio as its indicator (Munangi and Sibindi, 2020;Al-Qudah et al, 2023) and LDR as a measure of liquidity risk (Afzal and Firdousi, 2022).…”

Section: Model Specificationmentioning

confidence: 99%

Climate change and the European banking sector: the effect of green technology adaptation and human capital

Afzal,

Hasnaoui,

Firdousi

et al. 2024

RAF

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Purpose Climate change poses effect on banking sector’s risks and profitability through adaptation of green technology. This study aims to incorporates green technology adaptation in three sectors: green banking, green entrepreneurial innovation (EI) and green human resource (HR), in a model of bank’s performance. And determines the impact of climate change on bank risk and profitability. Design/methodology/approach An assessment of profitability and risk profile of commercial banks is done for 27 European countries for 2013–2022, employing a two-step difference system-generalized method of moments estimation technique with a moderate effect of climate change by including interaction between climate change and green technology adaptation. Findings The results indicate that green banking increases profitability, reduces credit risk and increases liquidity risk. The results also show that green human resource increases profitability and becomes a source of credit and liquidity risks for the banks. Green EI increases credit risk and liquidity risk, while the effects of green EI on profitability vary with the use of two proxies: Green patents increase profitability and environment, social and corporate governance (ESG) scores decrease profitability. Practical implications Supportive government initiatives, including subsidies and tax rebates to green borrowers, may take the burden of green transition off the banking sector. Originality/value This paper observes the impact of green technology adaptation in three sectors: banks, EI and HR, moderated by climate change, adding substantially to the existing literature in conceptual framework and methodology.

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Section: Model Specificationmentioning

confidence: 99%

Climate change and the European banking sector: the effect of green technology adaptation and human capital

Afzal,

Hasnaoui,

Firdousi

et al. 2024

RAF

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“…The complicated situation related to the constantly limited availability of natural resources [14,15] and the degree of environmental degradation has contributed to the need to take measures to limit the extraction of non-renewable resources and minimise the negative impact of human activities on the environment [6]. A very significant part of the problem concerns energy production [16,17], still very much based on conventional production in some countries [18][19][20][21][22], which, in addition to strongly interfering with the structure of the earth's crust, violates the functioning of ecosystems due to the extraction of fossil fuels, has a strong negative impact on the environment due to emissions and discharges of harmful substances into the environment as a result of conventional production.…”

Section: The Concept Of Sustainable Development-a Review Of the Liter...mentioning

confidence: 99%

“…The global problem of natural resource availability and environmental pollution has created an urgent need to act [6] to protect the planet Earth. Formal and legal regulations have charted a path for sustainable development, integrating and articulating the challenges for business development globally [7].…”

Section: Introductionmentioning

confidence: 99%

Pharmaceutical Companies in the Light of the Idea of Sustainable Development—An Analysis of Selected Aspects of Sustainable Management

Chomać-Pierzecka

2023

Sustainability

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The strategy of creating value and increasing the competitiveness of economic entities under the idea of sustainable development entails the need to provide access to up-to-date knowledge, which is to strengthen the decision-making basis and increase the level of properties of economic decisions. This argument strengthens the legitimacy of undertaking a research problem, oriented towards an overview of contemporary business challenges in the light of sustainable development, to assess the direction of activities undertaken by enterprises in the economic and socio-environmental sphere in connection with their activities. The need to undertake sustainable activities—with an emphasis on the environmental aspect—is particularly relevant to the pharmaceutical industry, which, in implementing activities oriented towards the protection of human health and life in connection with drug production, treats the issue of concern for the health of the planet as an extremely important challenge. The literature on the subject generally and insufficiently discusses sustainability issues for companies operating in this industry. Recognising the pharmaceutical sector as an area of economy of key importance in the socio-economic dimension at the level of national economies and at the international level, it became reasonable to scientifically identify the indicated issues in relation to pharmaceutical industry enterprises, with particular emphasis on entities operating in Poland. Hence, the main aim of the study, in response to the diagnosed gap, was to assess the directions of improvement of business models of Polish pharmaceutical enterprises, with consideration given to determinants of sustainable development. This study draws attention to the significance of practical choices of pharmaceutical entities—determined by their activity strategy, on sustainable development, as well as the impact of performance on the practice of sustainable development in the light of the assessment of the companies’ managerial effectiveness, demonstrating their significant importance. The realisation of the objective was based on a thorough review of the literature on the topic explored, as well as on the results of a diagnostic survey conducted among Polish pharmaceutical companies. An in-depth analysis of the findings in the area explored was conducted using statistical testing, including statistical ordering of variables, variable correlation matrix, logistic regression, odds ratio, and PQstat software. The main conclusion of the study is the finding that the business models of Polish pharmaceutical enterprises are continuously improving towards increasing the level of sustainable development, and the main determinant for the realisation of the above is the development of innovation, strongly correlated with the category of particularly good results on operations, constituting their managerial effectiveness.

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“…This makes it imperative for corporate to accelerate their ESG transformation and improve ESG performance in order to attract and retain investors. On the other hand, the increasing global climate change and environmental issues have made it necessary for corporate to accelerate their transformation to adopt more environmentally friendly and sustainable business models and technologies [4]. At the same time, society's increasing demand for corporate social responsibility and philanthropy has led to the need for corporate to be more proactive in fulfilling their social responsibilities and promoting sustainable social development.…”

Section: Corporate Practice Of Esg Must Accelerate Transformation And...mentioning

confidence: 99%

Research on the Marketing Strategy of Bytedance Companies in The Internet Industry

Guan¹

2023

FBEM

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This paper aims to investigate the development mode of Internet enterprise service platforms and analyze the marketing strategies that affect their implementation. The research method involves theoretical and empirical analyses, drawing on the theoretical achievements and practical experiences of internet enterprises. Specifically, the paper focuses on ByteDance, a young and successful internet unicorn company that has created several popular products such as Toutiao and TikTok. It analyzes the company's business philosophy and purpose, product profile, SMB commercial marketing strategy, and the problems existing in its marketing strategies. The paper recommends that enterprises should strengthen their technology construction, create a flat management mode, improve their corporate social responsibility, and enhance their corporate culture concept. These recommendations are essential for the survival and growth of companies in the highly competitive internet industry. The paper concludes that in the context of "Internet +", the scale effect of the network economy is significant and the internet marketing market is rapidly developing, providing an excellent opportunity for companies to interact, cooperate, and integrate resources to achieve their goals.

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What Drives Sustainable Development of Enterprises? Focusing on ESG Management and Green Technology Innovation

Cited by 40 publications

References 60 publications

Climate change and the European banking sector: the effect of green technology adaptation and human capital

Climate change and the European banking sector: the effect of green technology adaptation and human capital

Pharmaceutical Companies in the Light of the Idea of Sustainable Development—An Analysis of Selected Aspects of Sustainable Management

Research on the Marketing Strategy of Bytedance Companies in The Internet Industry

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