Unveiling the nexus of gender, sustainability and digitalization for firm performance: a comprehensive review

ABSENT fiat, the form of organization that survives in an activity is the one that delivers the product demanded by customers at the lowest price while covering costs.1 Our goal is to explain the survival of organizations characterized by separation of "ownership" and "control"-a problem that has bothered students of corporations from Adam Smith to Berle and Means and Jensen and Meckling.2 In more precise language, we are concerned with the survival of organizations in which important decision agents do not bear a substantial share of the wealth effects of their decisions. We argue that the separation of decision and risk-bearing functions observed in large corporations is common to other organizations such as large professional partnerships, financial mutuals, and nonprofits. We contend that separation of decision and risk-bearing functions survives in these organizations in part because of the benefits of specialization of

The <scp>SDGs</scp>: A change agenda shaping the future of business and humanity at large

The separation of ownership from control produces a condition where the interests of owner and of ultimate manager may, and often do, diverge, and where many of the checks which formerly operated to limit the use of power disappear.... In creating these new relationships, the quasi-public corporation may fairly be said to work a revolution. It ... has divided ownership into nominal ownership and the power formerly joined to it. Thereby the corporation has changed the nature of profit-seeking enterprise.1

The essence of the 2030 Agenda for Sustainable Development, ratified by all member states of the United Nations in 2015, is encapsulated in the 17 Sustainable Development Goals (SDGs). The present study examines the progress made in achieving UN Sustainable Development Goal (SDG) 13 within the context of Brazil, Russia, India, China, and South Africa (BRICS), employing a business and economic perspective. The research methodology employed encompassing a comprehensive review of pertinent literature as well as a meticulous analysis of relevant documentary content. Findings from the study revealed that though businesses in BRICS countries are trying to adopt the United Nations sustainable development goal 13, But there is limited effort in Brazil in the implementation of sustainable development goal 13. In Russia most companies are committed to the implementation of united nations sustainable development goal 13, but this has been constrained by sanction and the war in Ukraine. In addition, Indian companies are fulfilling their corporate social responsibilities viewed through the United Nations sustainable development goal 13. The effort on the part of Chinese companies and the government of China in implementing the United Nations sustainable development goal 13 is commendable as various corporate social responsibility programs and public education have been implemented. In the same vein South African companies have also been seen as very active in the implementation the United Nations sustainable development goal (SDG) 13 by having very important policies built around the goal. Recommendation state that it is imperative that climate change be duly addressed within the overarching vision and objectives of the BRICS businesses as well and there should be a multi-tiered collaboration among BRICS countries to expedite the realisation of the sustainable development goals 13. Equally important harmonisation between governmental bodies, non-governmental organisations, and conscientious corporate entities can be instrumental in attaining superior outcomes regarding the sustainable development goal (SDG) 13. Future studies should include and examine more companies and additional countries in terms of overall plans for achieving the United Nations Sustainable Development Goal 13.

PurposeCountries globally have implemented policies or regulations promoting greater gender diversity in boardrooms. We investigate whether gender diversity on corporate boards leads to higher Sustainable Development Goals (SDG) commitment through these disclosures.Design/methodology/approachUsing 16,659 firm-year observations across 42 countries for the years 2019 and 2020, we use disclosure data from the Refinitiv database to measure the sample firms’ stated commitment to sustainable development.FindingsOur data provide useful comparative information on the countries, legal jurisdictions and types of SGDs currently being disclosed. Our analyses reveal that gender diverse boards are associated with greater levels of SDG disclosures, with such commitment being more significant when there is more than one woman on the board. We also find that women board members are associated most with the PEOPLE and PLANET groups within the SDGs, and our results are robust to additional analyses and endogeneity concerns.Originality/valueAlthough gender diversity has been examined within a corporate social responsibility and ethical, social and governance lens, this examination needs to be extended to the SDGs, given the latter’s multi-year horizon and involvement from governments, the private sector and a very broad cross-section of the global community. Our results reinforce global calls for increasing gender representation at the highest levels of organisations to meet the expectations of a greater range of stakeholders in terms of SDG commitment.

Learning outcomes The learning outcomes are to sensitise with the cause of sport development in India; to familiarize with the concepts of SDGs and sport development continuum in context of the Tata Trusts work in sports (Sports Portfolio); to relate strategy concepts of resources, SWOT analysis, cooperative implications, Carroll's CSR pyramid and Porter-Kramer strategic corporate social performance and shared value framework of inside-out and outside-in linkages with the Sports Portfolio strategy at the Tata Trusts; and to link sport development concepts like sport and development, sports development continuum and capacity building with the Sports Portfolio work at the Tata Trusts. Case overview/synopsis The case explores the sport and development issues faced by Ms Neelam Babardesai, Head of Sports Portfolio, Tata Trusts in Mumbai, India. The Trusts had a long history of contributing to the development of sport in India and looked forward to aligning their work in the sport with the United Nations (UN) sustainable development goals (SDGs). They started Sports Portfolio in 2016–2017 intending to complement their work in education and generate positive socio-economic change at the grassroots (local community) level in India. They also had the resources to implement the programmes. However, they were faced with issues like the deficiency of physical literacy in schools resulting in the disinterest of children and parents in sport and physical activity, which also might lead to health issues, later in life, minimal cooperation between entities involved with sport and development, lack of structured sports programmes and skilled human resources and the national sports policy needing better details and implementation and follow-up plans in India. Their strategic response was based on the use of a “sports development pyramid”, capacity building, alignment with the SDGs and complementary partnerships and collaborations. What were the outcomes? Should they continue with the same strategic approach? What should be their future course of action for sport and development? How should they respond to the COVID-19 crisis? Ms Babardesai reflected upon the above questions while concluding that India needed a long-term strategy for the development of sport. Complexity Academic Level The case is intended to be taught in the class of strategic management for postgraduate or master's level participants of business administration for concepts like resources, SWOT analysis, cooperative implications, corporate social responsibility (CSR), shared value and introducing the concept of the UN SDGs (SDGs), capacity building and sports development continuum (sports development domain) in context of the Indian sports scenario. The case should be equally useful in teaching relevant courses related to sports management and development. It may also be used for courses related to development studies and sustainability at the master’s level. The case may also be used by practitioners and researchers associated with sport and development/sports development and SDGs. Supplementary materials Teaching Notes are available for educators only. Subject code CSS 11: Strategy

This study examines the effects of corporate sustainability factors (CSFs)—specifically gender diversity, energy practices, and environmental practices—on innovation and their subsequent impact on firm performance in the Middle East and North Africa (MENA) region. By integrating Absorptive Capacity Theory, we explore how these CSFs drive innovation, contributing to broader sustainable development goals. We analyze the impact of innovation on firm performance using the resource‐based view (RBV). Utilizing secondary data from the World Bank Enterprise Survey (WBES), we employ a two‐stage instrumental variable regression (IV‐2SLS) to address endogeneity and establish causal relationships. Our findings reveal that stakeholder engagement through gender diversity, energy practices, and environmental practices significantly enhances innovation, which, in turn, drives firm performance. Diverse leadership fosters creativity and innovation, while energy‐efficient and environmentally sustainable practices reduce costs, improve brand reputation, and align with sustainable development goals. These insights underscore essential policy implications for promoting environmental policy, clean production, and sustainable innovation ecosystems. Encouraging MENA firms to engage stakeholders and adopt sustainable practices can drive economic prosperity and contribute to the United Nations Sustainable Development Goals (SDGs).

Purpose – This study aims to examine the relationship between Corporate Social Responsibility (CSR) and Gender Diversity on Firm Performance in the mining and energy sector in Indonesia. Design/methodology/approach – This study used purposive sampling with listed energy and mining companies in Indonesia as the main criteria. The final sample is 444 firm-year observation. In this study, OLS regression was used to test this relationship. This study also resolved the endogeneity issue by employing the Generalized Method of Moments (GMM). Findings – The analytical results reveal that there is a positive relationship between CSR and Gender Diversity and firm performance. Companies that employ strong CSR initiatives tend to fare better. Furthermore, the findings indicate that gender diversity has a positive impact on firm performance. Research limitations/implications – This study has important implications for stakeholders and firms in the mining and energy industries in Indonesia. Strong CSR practices and the promotion of gender diversity can give long-term benefits for businesses, such as increased reputation, employee satisfaction, and the production of new value for shareholders. These findings can also be used by the government and relevant organizations to design laws and regulations that encourage sustainable and equitable business practices in Indonesia's mining and energy sectors. Keywords: CSR, Gender Diversity, Firm Performance, Energy and Mining Sector

This paper argues that the structure of corporate ownership varies systematically in ways that are consistent with value maximization. Among the variables that are empirically significant in explaining the variation in ownership structure for 511 U.S. corporations are firm size, instability of profit rate, whether or not the firm is a regulated utility or financial institution, and whether or not the firm is in the mass media or sports industry. Doubt is cast on the Berle-Means thesis, as no significant relationship is found between ownership concentration and accounting profit rates for this set of firms.

Social and economic activities, like religion, entertainment, education, research, and the production of other goods and services, are carried on by different types of organizations, for example, corporations, proprietorships, partnerships, mutuals and nonprofits. There is competition among organizational forms for survival. The form of organization that survives in an activity is the one that delivers the product demanded by customers at the lowest price while covering costs. The characteristics of residual claims are important both in distinguishing organizations from one another and in explaining the survival of organizational forms in specific activities. This paper develops a set of propositions that explaim the special features of the residual claims of different organizational forms as efficient approaches to controlling agency problems. © M. C. Jensen and E. F. Fama, 1983 Michael C. Jensen, Foundations of Organizational Strategy Chapter 6, Harvard University Press, 1998. Journal of Law & Economics, Vol XXVI (June 1983) This document is available on the Social Science Research Network (SSRN) Electronic Library at: http://papers.ssrn.com/sol3/paper.taf?ABSTRACT_ID=94032 AGENCY PROBLEMS AND RESIDUAL CLAIMS

This study dwells on xenophobia and the realities of actualizing the United Nations (UN) Sustainable Development Goal (SDG) eight in South Africa. It argues that since the emergence of Millennium Development Goals (MDGs) in 2000, which transited to Sustainable Development Goals (SDGs) in 2015, there has been a proliferation of literature from scholars of diverse disciplinary orientations. However, none of these studies deal with the phenomenon of xenophobia as a milestone for the attainment of the SDGs in South Africa. This paper, therefore, serves as an intervention to discuss how xenophobia affects the realization/ actualization of the UN’s SDG eight in the area under consideration. Using extant literature and the rational choice theory, it affirms that without peace and partnership with other countries, it would be very difficult for South Africa to attain the UN SDGs it envisages to achieve. To be focused and in-depth in the analysis of the phenomena under consideration the study centers exclusively on the UN SDG eight (even though there are seventeen SDGs of the UN) which hinges on decent work and economic growth. The evidence thrown up led to the major conclusion that the persistent xenophobic attacks and the resultant massive destruction of lives and businesses of foreigners, South Africa’s quest for the full-fledged realization of United Nations (UN) Sustainable Development Goal eight would remain mere paperwork. Given the increasing prevalence of xenophobic attacks in the study area, the paper suggests, among others, the building of meaningful, lasting, and effective partnerships. This entails that xenophobia in the country will be nipped in the bud.

PurposeHigher educational institutions, such as universities of applied sciences, have a significant role in promoting progress towards a sustainable future as defined by the United Nations (UN) sustainable development goals (SDGs). This paper aims to identify how the UN SDGs are featured in master’s theses set in work–life contexts.Design/methodology/approachUsing a descriptive review and content analysis, this study identified the number of SDGs appearing in 31 master’s theses. Sustainable development (SD) and corporate social responsibility were reflected using the approaches and models in the literature. Finland’s eight objectives for committing to SD were used to examine the commitments made by the business school of the university of applied sciences to achieve Agenda 2030.FindingsEmphasising the value of higher education for SD, this study found that SDGs three, eight and 12 appeared most frequently in the theses. Sustainable and responsible dimensions reflected several issues concerning both the worlds of business and industry among the firms and organisations investigated by the master’s degree students in the business school at the Jyväskylä University of Applied Sciences.Practical implicationsThis research holds practical and pedagogical value, serving to encourage master’s and PhD students to further explore research on SDGs and to shape public policy.Originality/valueSustainability was looked at in a new way as investigated by the theses. Ways to integrate the SDGs into management degree programmes and conduct research in the fields of business administration, tourism and hospitality management were identified.

Digital finance platforms - BigFintechs (BFTs) - have significant impacts, both positive and negative, on the path towards achieving the United Nations Sustainable Development Goals (SDGs). At present, however, there is no systematic or holistic international governance framework that manages potential negative impacts or effectively encourages positive impacts. As such, this Technical Paper of the UN Taskforce on Global Digital Finance Governance provides an overview of the ways in which a select set of SDGs are reflected in international governance and their potential lessons and implications for the governance of BFTs. The paper begins by discussing the international human rights system — a well-established ‘hard law’ framework — as it touches on almost the full range of the SDGs. From this, we turn to several other SDGs where there has been significant focus and where well-developed international approaches have emerged. In particular, we consider the international frameworks addressing, in turn: decent work and economic growth (SDG 8); gender equality (SDG 5); climate change (SDGs 12, 13, 14 and 15); and peace, justice and strong institutions (SDG 16). We begin with the international human rights law (IHRL) framework because of its unique complementarity to the SDGs. Analysis shows that more than 90 per cent of the SDG targets are intrinsically linked to specific provisions of international and regional human rights instruments and labour standards. However, while IHRL is typically associated with state-based actors, we discuss the important shift that is currently taking place as IHRL broadens its applicability to private actors as well, thus including BFTs. The growing movement and imminent applicability of mandatory corporate human rights due diligence is a significant shift for which many companies are unprepared, and few understand. At present, most companies do not appreciate the true nature and extent of their human rights impacts. We discuss some of the implications that transplanting or subsuming notions of state obligation may have on current notions of corporate (social) responsibility and what this could mean for BFT corporate strategy in relation SDG impacts. On the matter of decent work and economic growth (SDG 8), we discuss recent developments and issues of concern that are both internal and external to BFT operations. As BFTs hail from a wide expanse of sectors such as e-commerce, social media and ride hailing services, the challenges to labor and their working conditions are equally as complex and varied. Internally, pertinent labor issues can include the hazardous nature of workplace environments, such as warehouses and call centers; the contestation over the right to be considered a ‘worker’ rather than an independent contractor (in the ‘gig economy’), and the ensuing labor protections that are associated with the former; and the application of artificial intelligence (AI) to supervise labor in sometimes discriminatory ways. To highlight, we discuss the UK Supreme Court’s recent decision on Uber’s driver policies and the labor union decision at Amazon. With regards to external challenges, we discuss the issues of modern slavery and supply chain due diligence, and how they arise in the context of BFTs. In all cases, we highlight the need for BFTs and regulators to strike a balance between protecting vulnerable workers while developing appropriate governance frameworks that can fulfil the tremendous potential of platform-based business models. Our coverage of climate change (SDGs 12, 13, 14 and 15) complements Technical Paper 3.1. Whereas Technical Paper 3.1 presented some of the initiatives being pursued by prominent regulators, such as the European Commission, in this paper we broaden that scope to consider governance initiatives by the private sector as well. We situate BFTs within the sustainable finance context as either financiers or issuers and present relevant frameworks such as the Equator Principles (EPs) and the United Nations Principles for Responsible Investment (PRI). In so doing, we highlight how we are currently in a relatively nascent stage in the development of international governance ‘green’ and sustainable capital markets. This development will require considerable effort and alignment of purpose and initiative across both the public and private sectors. Finally, we provide an overview of governance initiatives pertaining to SDG 16 (peace, justice and strong institutions). The primary international governance frameworks in this domain are those for anti-money-laundering (AML), countering the financing of terrorism (CFT) and anti-corruption/anti-bribery. This discussion of how a range of existing approaches and their relationship to the SDGs are reflected in the international governance of BFTs demonstrates the significant impact that BFTs have in our drive towards achieving the SDGs. However, the discussion equally highlights that much work is still required if we are to effectively manage that impact. Given the potential of BFTs’ platform-based model to offer catalytic opportunities for economic development, particularly in developing countries, it is important for policymakers and regulators to develop appropriate governance frameworks that are infused with the right principles and values.

Assessing the contribution of water and energy efficiency in green buildings to achieve United Nations Sustainable Development Goals in Jordan

Deforestation of rainforests requires active use of UN's Sustainable Development Goals