Concept Of Sustainable Development Research Articles

Russian University Students’ Volunteering within the Framework of Sustainable Development Goals and Values

The article deals with the issue of university students’ volunteering aimed at pursuing the sustainable development goals under conditions of global crisis and transformation of Russian educational policy in terms of renewal of the higher education upbringing function on the basis of traditional values of the Russian civilization. Russia’s activities on achieving sustainable development goals address carrying out infrastructure projects and Green Agenda. Although large-scale state program of volunteering support and development is being executed, volunteering for sustainable development is not given close attention. Ecological and social volunteering prioritized by governmental regulatory documents is not consistent with implementing sustainable development goals. The need to facilitate volunteering development in universities accomplishing the mission of social and economic development of society in partnership with businesses and civil society institutions is underestimated both in research and in practice. Using system and activity approaches, the authors set the goal to describe the present state of students’ ecological and social volunteering as an efficient platform for attaining sustainable development goals and necessitate its further systemic support. It is shown that the concept of sustainable development is not being an ideological orientation of volunteering practices, although students’ competences aimed at promoting common welfare could be more efficiently developed not only at theoretical level but through real volunteering for the good of future generations. In cross-sectoral partnership of universities, businesses and state, ecological and social goals are achieved by means of volunteering under the supervision of the state while Russian businesses, applying the ESG (Environmental, Social, Governance) principles, do not spare their efforts on collaborative development. As for the subjective factor impeding the development of university students’ volunteering the lack of ideological orientation towards sustainable development, which could be based on universal values specified by Russian culture codes

КОНЦЕПЦИЯ УСТОЙЧИВОГО РАЗВИТИЯ КАК НАПРАВЛЕНИЕ ГОСУДАРСТВЕННОГО УПРАВЛЕНИЯ

The article discusses the concept of sustainable development as a strategy of public administration in Russia.

Recovery of organic matters by activated sludge from municipal wastewater: Performance and characterization

Municipal wastewater treatment processes consume a significant amount of energy and generate substantial carbon emissions. However, organic matters existing in municipal wastewater hold the potential as a valuable carbon source. Activated sludge has the potential to capture and recover the organic matters, thereby enriching carbon sources and facilitating subsequent sludge anaerobic digestion as well as in line with the concept of sustainable development. Based on above, this study investigated the enrichment and recovery characteristics and mechanisms of activated sludge adsorption on carbon sources in municipal wastewater, while optimizing the recovery conditions. The results indicated that insoluble organic matters, as well as a fraction of dissolved organic matters, can be effective recovered within approximately 40 min. Specifically, 74.1% of insoluble organic matters and 25.8% of soluble organic matters were successfully captured by the activated sludge, resulting in a 5.0% increase in sludge organic matter content. Moreover, activated sludge demonstrated remarkable recovery of particulate organic matters across various particle sizes, particularly larger particles (>5 μm) with high protein content. Notably, the dissolved biodegradable organics such as tryptophan and tyrosine protein-like substances according to 3D-EEM and lipids, proteins/amino sugars, and carbohydrates according to FT-ICR MS can be effectively recovered. Finally, the study revealed that the recovery of organic matters from the wastewater by activated sludge followed the pseudo-second-order kinetics model, with surface binding, hydrogen bonding and interparticle diffusion in sludge flocs as the primary adsorption mechanisms. This approach had abroad application prospects for improving the profitability of wastewater treatment plants.

The influence of aeolian sand on the mechanical properties of cement stabilized crushed stone

The utilization of aeolian sand resources for road construction is a specific measure to develop green and low-carbon transportation, and also conforms to the concept of green and sustainable development of roads in China. Based on this, the feasibility of using aeolian sand as a substitute for fine aggregate for cement stabilized graded crushed stone was explored, and the effects of different aeolian sand dosages on the unconfined compressive strength, bending and flexural strength, and splitting strength of cement stabilized crushed stone mixtures were studied. The results indicate that the addition of aeolian sand has a significant deterioration effect on the mechanical properties of cement stabilized graded crushed stone mixtures. The larger the amount of aeolian sand added, the more severe its impact on the mixture. Therefore, controlling the amount of aeolian sand within 6 % can meet the mechanical performance requirements. To ensure the large-scale utilization of aeolian sand resources, future research can comprehensively consider the shrinkage characteristics, durability, and water stability of cement stabilized crushed stone mixtures, and further recommend the maximum dosage of aeolian sand.

The Role of Smart City in Achieving Sustainable Development: Google Trends Analysis and Exponential Time Series Smoothing Models

The concept of sustainable smart urban development is an important element of the modern discourse on the future development of cities, regions, and the world as a whole, a key component of a strategy aimed at introducing innovations, improving the life quality of citizens, ensuring inclusiveness and sustainability of local development. It integrates the concept of Smart City as the application of advanced innovative technologies to solve urban problems and the concept of Sustainable Development as a balancing of socio-economic and environmental interests to achieve the Sustainable Development Goals. While discussing the problems and prospects introducing any social models or strategies, it is important to understand the level of public interest in this issue, the level of citizens’ awareness, the readiness to receive new information, and the readiness for change. The article is focused on the analysis of retrospective dynamics (from 01.01.2010 to 01.12.2023) and economic and mathematical modelling of forecast trends in changing public interest in the concepts of “Smart City” and “Sustainable Development” (identified using the Google Trends tool). The analysis was carried out for the world as a whole and for Ukraine specifically. The study identifies and describes the evolution of changes in public interest in these topics, identifies the time points of a sharp surge in interest, and conducts a comparative analysis in the content (trends for these two search queries) and spatial context (trends in Ukraine compared to global trends). The countries of the world and regions of Ukraine where user interest in the relevant topics dominates are ranked, and the countries of the world and regions of Ukraine where user interest in the relevant topics dominates are ranked, the TOP-10 are identified. The factors whose influence is relevant to the public interest dynamics are identified (consumer trends, media activity, dynamics of the introduction of relevant concepts, cultural, linguistic, and historical contexts, the general level of education, digital inclusion and consciousness of the population of different countries, etc.) Using the exponential smoothing method, models were built to predict the dynamics of time series – the number of queries from Ukrainian Internet users regarding the concepts of “Smart City” and “Sustainable Development”. Additive forecasting models, which differ in the trend component, are obtained.

Assessment Of Remote Sensing Approach For Urban Ecological Quality Evaluation In Pekanbaru City, Riau Province Indonesia

There are obstacles in estimating environmental dynamics behind its convenience, beginning with the development of effective policies for sustainable urban development. The objectives of this research were to comprehend the ability and performance of ecological indices integration and to identify the spatial distribution of changes from 2018 to 2021 in Pekanbaru City, Riau province, Indonesia. This study employed remote sensing data to create ecological parameters including the build-up index, vegetation index, soil index, and moisture index, as well as principal component analysis to generate ecological index integration. The findings indicate a correlation of over 90% among these parameters from 2018 to 2021. Overall, there has been a significant decrease in the ecological quality index’s high-quality categories, such as good and excellent, covering a total of 19.6% over 127 km². Conversely, the poor ecological quality category increased to 2.2%, encompassing an area of 15 km², up from the initial 21.2% covering 122 km². Additionally, the fair and moderate categories also experienced increases of 4% and 13.4%, respectively, reaching 28 km² and 84 km². The study area’s ecological quality is largely affected by increased anthropogenic activities, leading to a drastic decrease in the presence of ecological quality in the good and excellent categories. The importance of spatial planning is emphasized to incorporate aspects of ecological assessment rather than solely focusing on increasing economic activity. This outcome can be used to respond to the concept of sustainable development by caring for the ecological environment, particularly in urban areas, and mitigating ecological damage.

Https://armgpublishing.com/journals/sec/volume-8-issue-1/article-5/

In the 21st century, various socio-economic crises have revealed that traditional economic science and (neo)classical thinking are unable to explain all the complexity of current economic problems, therefore the application of more complex and non-trivial economic concepts is gaining relevance. In addition to behavioral and evolutionary economic thinking, models of quantum economics have been developed in recent years, which allow solving economic problems, using mainly quantum thinking and the principles of quantum physics, in particular particle-wave dualism, the principle of uncertainty, the absence of a subject-object distinction, superposition and confusion. The article addresses 3 research questions (RQ). According to RQ1, the paper finds that quantum economics research is dominated by the following topics: quantum economics, quantum finance, quantum decision making, and quantum game theory. According to these four thematic descriptors, the article carries out a systematic modern review of scientific works in the period from 1978 to 2022 (if only 50 works were published in 1978-1999, then in 2000-2022 already 3430), with an emphasis on the most cited (Google Scholar) English-language journal articles. The analysis showed that articles on this topic are published mainly in journals of a non-economic profile, that the peaks of publication activity occur at times of powerful socio-economic upheavals (for example, the dot.com bubble, the substandard/financial crisis, the European debt crisis, the coronavirus pandemic, etc.). In accordance with RQ2, the article defines the key characteristics of the quantum economic model: in contrast to neoclassical economics (based on mechanistic classical physics, is rational and deterministic, with the help of the invisible hand of the market it leads to a stable equilibrium), the quantum approach, on the contrary, considers the economy as more complex, empirically oriented, uncertain, probabilistic, superpositional, as an archetypal example of a quantum social system that has its own versions of duality, measurement, and entanglement. According to RQ 3, the article determines to what extent quantum economics can update (neo)classical economics (integration of new ontological premises into economic thinking, more experimental and practical approach, connection between the concept of entanglement and sustainable development, management of financial risks based on the concept of quantum probability, rethinking the concept of randomness by quantum probability, introduction of quantum money, equilibrium using quantum games, etc.).

The one-step synthesis of Fe-N co-doped peony pod-based porous carbon for the removal of tetracycline

The peony pod is a component of the cash crop oil peony (Paeonia suffruticosa Andr.), it accounts for more than half of the quality of the peony seed. However, indiscriminate disposal leads to resource waste. In addition, the pollution caused by the overuse of antibiotics and the evolution of resistance have been a conundrum. There is an urgent need to find a pollutant removal method that conforms to the current concept of sustainable development. In this study, the biomass porous carbon (PCN,Fe-0.5) was prepared and modified by one-step synthesis method using the by-product peony pod as carbon precursor, urea as nitrogen source, and steel slag as magnetic material. The utilization of biomass waste solved resources waste caused by the unreasonable disposal of agricultural solid waste. The doped materials were cheap and easy to obtain, and they improved the structure and function of porous carbon. The maximum adsorption capacity of PCN,Fe-0.5 reached 726.4 mg·g−1 with 100 mg·L−1 of tetracycline (TC). The adsorption mechanism was summarized as pore filling, van der Waals force, π-π EDA, surface complexation, hydrogen bonding and chemisorption. A low-budget tetracycline (TC) removal method was explored through the investigation on the adsorption performance and recovery capability of PCN,Fe-0.5, which was also conducive to realizing the recycling of biomass waste and industrial waste.

A model of sustainable development in economic, social, and environmental aspects: the role of social capital in China

This paper takes China as an example to quantitatively study the weight relationship between economic growth, social welfare, and environmental quality, and explores the role of social capital in promoting sustainable development. This paper constructs the Hamilton optimization model, the ‘sustainable’ element is introduced on the basis of the traditional utility function, and given China’s economic characteristics of numerical simulation analysis was carried out on the model parameters, to reveal the connotation of Chinese sustainable development from the mathematical, to explore the influence mechanism of social capital in promoting sustainable development. Research has found that sustainable development seeks coordinated economic, social, and environmental development. Setting the weight ratio of economic growth, social welfare, and environmental quality at 1:1.5:1.5 can better explain China’s concept of sustainable development. When social capital accelerates its accumulation, it can effectively control the development and utilization of natural resources, and the ecosystem environment can maintain the stable state of the ecosystem through its own regeneration and restoration ability. Social capital has become a new driving force for sustainable development, achieving a steady and rising trend of China’s economic development level. The research conclusions are helpful to promote the sustainable development, and to enrich and expand the relevant research on social capital.

ЦИРКУЛЯРНА СТІЙКІСТЬ ПІДПРИЄМСТВА ЯК ІНДИКАТОР ОЦІНКИ ЕФЕКТИВНОСТІ ТЕХНОЛОГІЙ РЕЦИКЛІНГУ

The concepts of circular economy and sustainable development are recognized as the biggest challenges of today. Under such conditions, the issue of expanding the focus of the circular economy to the micro level, encouraging enterprises to transition from a linear model of the economy to circular (circular) one in conditions of economic uncertainty, is becoming actualized. Thus, the development of the theoretical basis of the concept of the circular economy of the enterprise and the formation of the definition «circular sustainability of the enterprise» as an indicator of the evaluation of the efficiency of recycling technologies. To solve the set goal, the main criteria of the circular economy were revealed in the course of the study, the differences between the circular sustainability of the enterprise, the circularity of the enterprise and the circular economy of the enterprise were characterized, the concept of the circular sustainability of the enterprise was developed, and the relationship of economic theories underlying the concept of circular sustainability was characterized enterprises. For greater thoroughness, the author investigated the following close categories: «circular economy of the enterprise», «circularity of the enterprise» and proposed a new category «circular sustainability of the enterprise». It is justified that these concepts are closely related, but not identical. The similarity between the categories is that they all aim to optimize the use of resources, reduce waste and increase efficiency in terms of environmental sustainability. The differences between the studied categories are determined by the level of application and concentration on specific aspects of management and strategy. It is substantiated that the «circular economy of the enterprise» focuses more on internal processes, the «circularity of the enterprise» covers interaction with the external environment, and the «circular sustainability of the enterprise» focuses on the long-term perspective and the inclusion of circular practices in the overall sustainability strategy. The theoretical basis of the circular sustainability of the enterprise as a symbiosis of economic theories was studied: systems theory, supply chain theory, product life cycle concepts, sustainability theory, closed loop economy theory, social responsibility theory, and innovation theory. Based on the results of the research, the author's concept of «circular sustainability of the enterprise» was developed

Bibliographic diagnosis of green logistics: interaction or feedback in practical work

Nowadays, there are many ways to understand sustainability and sustainable development. Among researchers today, there are different perspectives on how to approach the concept of green logistics. Being one of the main components of the sustainable development concept, a systematic approach to green logistics allows consideration of all its other components. In economic terms, this means planning and managing logistics activities to achieve maximum economic benefits. Socially, we consider providing safe working conditions for company employees, as well as manufacturing safe and high-quality products and/or implementing environmentally friendly services. From an environmental point of view, we refer to the reduction of negative environmental impact by applying modern technologies. It is obvious that despite the different approaches to understanding green logistics, it has both an applicative and practical character. Green logistics is an important business differentiator as it demonstrates the company’s positioning in relation to the future of the market and the economy, as well as its commitment to consumers and the environment. Commitments to sustainable logistics deliver benefits such as a good corporate reputation, cost savings, environmental responsibility, supply chain efficiency and opportunities for new partnerships. Therefore, green logistics is a step forward that can be implemented by all companies, regardless of their segment or size.

Revolutionizing energy practices: Unleashing the power of artificial intelligence in corporate energy transition

Corporate energy transition is crucial for long-term sustainable development. The widely discussed Artificial Intelligence (AI), as a disruptive technological innovation, is highly potential for enhancing environment performance. However, the specific impact of AI on the process of corporate energy transition and its underlying mechanisms have not been fully explored. This study focuses on A-share listed corporates in Shanghai and Shenzhen stock markets in China spanning from 2011 to 2021. Based on corporate annual report information and information from over 200,000 patent application texts, we innovatively construct indicators for corporate energy transition and AI technology application. Furthermore, we empirically investigate the impact of AI technology on corporate energy transition and its potential mechanisms through combining information asymmetry theory and institutional theory. The empirical results indicate that: 1) AI can drive corporate energy transition and the promoting effect of AI collaborative innovation on corporate energy transition should not be ignored. 2) AI can help corporates achieve energy transition through pathways such as mitigating information asymmetry, reducing financing constraints, adjusting sustainable development concepts and practices. 3) The driving effect of AI on corporate energy transition varies depending on the characteristics of different types of corporates, industries, and regions. This study provides strategic guidance and decision support for business managers and policymakers, assisting both corporates and governments in better utilizing AI technology during the social energy transition process to achieve a dual optimization of environmental and economic goals.

Практика использования ESG-подходов в сделках секьюритизации

The spread of the sustainable development concept has given rise to sustainable finance, as well as the infrastructure of the financial and consulting industry of valuations, verifications and various databases in the field of ESG. This research is devoted to theoretical and practical study of the accumulated experience of ESG securitization transactions in order to systematize ESG financing instruments and directions of development of this sphere in modern conditions. The study showes that ESG securitization practices are being integrated into capital management processes in line with sustainable development goals, with the most developed centers in the USA, Europe and China. The study systematizes the main types of ESG securitized assets, gives their characteristics and identifies current trends. In Russia, despite its isolation from the world financial markets, the practice of ESG securitization is developing, covering new directions. The study notes the potential for the development of green mortgages, which will contribute to the activation of securitization transactions in the segment of residential and commercial real estate. High potential for development of the social segment of ESG securitization is also noted due to the growing demand for financing social projects in the regions. Expansion of the practice of social mortgage securitization will contribute to the redistribution of risks between the public and private sectors, while active involvement of Russian banks in a variety of ESG lending programs (car loans, lending to small and medium-sized businesses with a green and social focus, e.g. for the construction of social infrastructure, etc.) will expand the market. There is a suggestion that the development of digital ESG securitization platforms will help expand the reach of retail investors, while cooling the junk bond market. The article notes that the expansion of multi-tranche ESG securitization will allow long-term assets of pension funds and various ESG funds to be leveraged into mortgage-backed securities. Overall, ESG securitization improves the structure of transactions, expands the range of derivatives used, improves the quality of credit and interest rate risk management, and contributes to the achievement of sustainable development goals.

Corporate Sustainability and Corporate Value

In recent years, the concept of sustainable development has gradually lodged itself in the public mind, and there is increasing emphasis on companies’ performance in environmental, social, and corporate governance (ESG) aspects. This paper empirically investigates the impact of corporate ESG performance on firm value based on all A-share listed companies in China from the first quarter of 2015 to the fourth quarter of 2020 as the initial research sample. The research results indicate that the better the corporate ESG performance, the higher the firm value. The study provides clear insights: firstly, ESG performance can enhance firm value, revealing that ESG can reduce information asymmetry and reduce financial risks for enterprises. Secondly, ESG performance is an endogenous driving force for companies to promote environmental protection, social responsibility, and corporate governance construction, prompting companies to establish a sound ESG information disclosure system. Thirdly, it provides crucial evidence for ESG investors, compelling corporate managers to pay more attention to the impact of ESG management principles on the company and consider the company's future sustainable development.

Developing Product Sustainability Using Life Cycle Analysis: Case Study Electric Cooker Product

Recently, the concept of sustainable development has emerged as a solution to environmental problems. It is widely recognized that the choices individuals make in their daily purchases and consumption patterns have a significant impact on the environment. As such, it is incumbent upon everyone to adopt sustainable lifestyles and strive to preserve resources for future generations. One area where this can be achieved is through product development. Despite the importance of sustainable products, their availability remains limited. In this study, the analysis was performed on a popular electric cooker as a sample product. Various aspects of the product were examined, including the life cycle, the raw materials used, the processing stage, usage phase, and end-of-life. The goal of this study is to gain valuable insights and propose improvements for a more sustainable version of the product. The environmental impact of each stage of the product’s life cycle was also analysed. By this method, some practical approaches for specific steps can be proposed to make the product more sustainable and reduce the harmful impact on the environment. Overall, it is found that there were many opportunities to adjust the various stages of the product’s life cycle to make it more sustainable.

The concept of sustainable development: implementation opportunities at the regional level (based on the example of the East Kazakhstan region)

Sustainable development of the territory allows overcoming crisis situations in the economy and social sphere. The essence of the concept of sustainable development derives from the concept of "triple bottom line", which implies a balance between environmental sustainability, which aims to maintain the quality of the environment necessary for economic activity and the quality of life of people; social sustainability, which seeks to ensure human rights and equality, respect for cultural diversity, race and religion; economic sustainability, which is necessary to maintain natural, social and human capital relevant for income generation. The purpose of this study is to develop an approach to assessing the sustainable development of a territory, reflecting the characteristics of Kazakhstan’s regions and testing the proposed methodology using the example of the East Kazakhstan region. The authors of the article in this study are based on the application of deduction and induction methods, a comprehensive approach to the study of the research object, methods of general economic analysis – comparison, average values, methods of factor analysis. As a result of the analysis of socio-economic and environmental development of the East-Kazakhstan region, the authors found that the social and economic indicators of the region are in a relatively satisfactory condition. The region occupies a leading position among the regions with predominantly industrially oriented economy. In addition, the use of natural potential allows the region to maintain a strong position against the background of regions with a relatively agrarian-oriented economy. However, the analysis of the environmental component of sustainable development has shown that the relatively high performance of the region in terms of economic and social development was made possible by ignoring the value of the environmental potential. Consequently, the current development of the region is contrary to the principles of the sustainable development concept. In this regard, it is necessary to create mechanisms of state regulation to implement policies aimed at overcoming this trend. Based on the results of the study, the authors proposed practical recommendations to improve the mechanism of realisation of sustainable development goals of the territory.

Peran Digitalisasi dan Program Santripreneur melalui pendekatan SDGs dalam mewujudkan kemandirian Pondok pesantren (Studi Pada Ponpes Besar di Kab. Lamongan)

The development of economic digitalization in Indonesia has increased quite significantly at this time. This has resulted in consumption patterns that were previously carried out by people physically, now shifting online. The business world is required to adapt to see the current phenomena. On the one hand, today's modern Islamic boarding schools are not only centers of studying religion, they also have great potential in the economy. They changed the paradigm in da'wah, which previously used verbally to change into action. So that it can be a solution to society's problems, which motivates Islamic boarding schools to try to combine the religious education system with entrepreneurial training known as santripreneur. This program is a breakthrough to realize the concept of sustainable development which has a good impact on human life and nature. This study aims to analyze the role of digitalization and the santripreneur program in realizing the independence of Islamic boarding schools when viewed based on the SDGs approach. The population in this study were Islamic boarding school students spread across Lamongan Regency. Sample selection was carried out using purposive sampling technique, with a sample of 353 respondents. Data analysis in this study used structural equation modeling partial least squares (SEM-PLS) techniques. The analysis results show that santripreneurs and digitalization have an influence on the SDGs. Santripreneurs have a direct effect on the economic independence of Islamic boarding schools, while digitalization does not directly affect the economic independence of Islamic boarding schools. SDGs are able to mediate the influence of santripreneurs and digitalization on the economic independence of Islamic boarding schools.

The pertinence of a communication for sustainable development course in university: A case of Universiti Sains Malaysia

In line with Universiti Sains Malaysia (USM)’s designation as Malaysia’s “university in a garden”, the Communication for Sustainable Development course is offered by the School of Communication on a compulsory basis for all undergraduate communication students, and on an optional basis for other students. This study aims to examine students’ perception on the relevance of the Communication for Sustainable Development course at USM. Sixteen undergraduate students from three different batches – who had completed the course in 2019, 2020, and 2021 – were interviewed online. The analysis highlights the uniqueness of the course and reveals that all students perceived this course as highly relevant to them, for exposing them to the concept of sustainable development and teaching them ways to effectively communicate sustainability messages. The students also described the uniqueness of the course, highlighted by its focus on sustainable development, in addition to its issue-based approach. Moreover, the students also described the crucial role of social media as an effective tool for communicating about sustainability. Overall, the students opined that this course is highly pertinent to USM and the university’s prized reputation and branding of sustainability. The insightful findings offer a valuable guideline for universities and course coordinators in designing and developing sustainable communication courses.

Status of Education for Sustainable Development (ESD) in Higher Secondary Schools of the Province of Sindh in Pakistan

Education for sustainable development (ESD) aims to educate the learners to make informed decisions and responsible actions for climate change, economic sustainability, and a peaceful society. This study aims to check the status of ESD in the higher secondary schools of Sindh province in Pakistan. This qualitative study was conducted in the selected public sector schools of two districts of the province during the period of July 2022 to December 2022. This study revealed that the status of ESD in public higher secondary schools of Sindh province is not satisfactory and schools are not providing adequate knowledge and information to students about core concepts of sustainable development. The outcomes of the study indicate the unavailability of ESD content in the syllabus, a lack of awareness of proper pedagogies among teachers and an inadequate learning environment. This study recommends introducing ESD concepts in the school syllabus and training the teachers in higher secondary schools.

Assessing the Pathways of Sustainable Development: A Structural Equation Modeling Investigation of Regulatory Framework, Innovation and Economic Indicators

The concept of sustainable development holds significant importance for both current and future generations. This research examines the different pathways and relationships among sustainable development, stock market performance, foreign direct investment, regulatory framework, and innovation. The structural equation modelling technique and analysis have been conducted using a sample of 24 countries that contributed around 65% of global greenhouse gas emissions over the period from 2000 to 2019. The empirical analysis, based on direct effects, confirms that innovation enhances stock market performance and necessitates stringent regulations. Conversely, innovation reduces foreign direct investment. Similarly, a set of regulations and stock market performance have an adverse impact on sustainable development. Additionally, the empirics of indirect effects reveal that innovation and stock market performance encourage foreign direct investment by using regulations as mediators. Moreover, innovation reduces sustainable development indirectly, considering stock market performance and foreign direct investment as mediators.