Dimensions Of Governance Research Articles

Can overarching rules and coordination in polycentric governance help achieve pre‐identified institutional goals over time? Evidence from farmland governance in southeastern France

AbstractThe question of the performance of polycentric governance over time is insufficiently addressed in the literature. By performance, we refer to the ability of polycentric governance actors to design rules and engage in coordination processes that allow them to achieve their goals. Through an institutional analysis, this paper seeks to answer a question that remains unresolved in the field, namely the effectiveness of the overarching set of rules and coordination relationships in their ability to drive institutional and organizational change in polycentric governance processes. To this end, we conduct an in‐depth case study of farmland governance in southeastern France. Through the attributes of polycentric governance, we examine the changes brought about by the goal of local food supply comparing it with other historical goals such as farmland preservation. We show that farmland governance is characterized by an institutional mismatch that prevents its actors from moving closer to the objective of local food supply. We argue that the evolution of farmland governance comes down to organizational change that does not lead to an evolution of rules‐in‐use. We discuss this result in light of the findings of the literature on polycentric governance and its implications for public policy.

The Impact of ESG on Corporate Performance: A Case Study of Yunnan Baiyao

Abstract: With the deepening integration of the global economy and the widespread acceptance of sustainable development principles, Environmental, Social, and Governance (ESG) factors have become critical elements influencing long-term value and financial performance of enterprises. Globally, an increasing number of companies are paying attention to ESG factors and integrating them into their strategic planning and operational management. This paper employs case study analysis and accounting-related indicators analysis to evaluate the ESG practices of selected enterprises from the dimensions of environment, society, and governance. It then combines financial indicators to analyze the impact of ESG on their financial performance and the reasons behind it. Finally, suggestions are made on how to achieve sustainable development through improved ESG management.

Explaining the changes in the green technology innovation efficiency of construction enterprises

Based on the objective of global carbon emission reduction, the green technology innovation efficiencies of construction enterprises (GTIE–CE) have attracted attention in various countries and regions worldwide. However, researchers have not yet assessed GTIE–CE from the perspectives of asymmetric innovation theory, resource orchestration theory and eco-innovation theory. To reveal the changes in GTIE–CE, an index system is constructed to measure this efficiency based on resource orchestration theory and eco-innovation theory. In addition, based on the asymmetric innovation theory, this study uses the spatial variance function and PVAR model to reveal the evolution mechanism of GTIE–CE with respect to market, government and technology dimensions. The main conclusions are as follows. (1) Regional heterogeneity is present in GTIE–CE in China, and the appearance of high efficiency spreads from the Yangtze River Delta and Pearl River Delta to the surrounding areas. (2) The market dimension positively affects the green technology innovation efficiency of construction enterprises, but this effect is delayed. (3) The government dimension significantly promotes the improvement in GTIE–CE, but this effect is delayed. This study provides an integrated theoretical perspective that reveals the mechanism of GTIE–CE, helps to broaden the research in the field of GTIE–CE, in addition to insights from China to further promote the green transformation of these enterprises.

Iman Peoples Water Sovereignty: Extractive Industries in Central Queensland

The coal seam gas (CSG) industry has rapidly expanded in the Great Artesian Basin (GAB) over the past two decades, significantly impacting groundwater ecosystems and Indigenous communities that rely on these water sources for cultural, spiritual, and practical purposes. This article examines the intersection of Water Sovereignty, extractive industries, and key issues such as Social License to Operate (SLO), Indigenous Peoples' rights, informed consent, and the legal doctrine of Aqua Nullius. Through an Indigenous perspective, this research illuminates the multifaceted dimensions of water governance and the complexities that arise from the interactions between Indigenous stakeholders, industries, and regulatory frameworks. Through interviews with Elders of the Iman Peoples in central Queensland, the research highlights how current SLO frameworks neglect Free, Prior, and Informed Consent (FPIC) and fail to uphold ethical standards necessary for protecting Indigenous cultural continuity. Water security is a primary concern, with Traditional Owners emphasizing the need to safeguard surface and groundwater for future generations. This research informs policy at local and national levels while contributing to global discussions on Indigenous sovereignty, environmental justice, and cultural heritage protection. It calls for integrating Indigenous knowledge and rights into water governance, promoting respect, equity, and sustainability in managing natural resources.

The effect of corporate governance attributes on human capital disclosure in South Africa

The disclosure of human capital (HC) information in corporate reports continues to be at the centre of discussions in the executive boardroom. Currently, standard setters grapple with implementing uniform disclosure requirements for human capital disclosure (HCD) and as a result this information is scant, erratic, and inconsistently reported. Hence the ISO 30414 was introduced to breach this gap. The aim of the study is to critically examine how corporate governance attributes affect HCD. A quantitative based cross-sectional design was followed using a sample of top 100 companies listed on the Johannesburg Stock Exchange (JSE). The ISO 30414 HR reporting framework containing 48 metrics was utilised to construct an assessment instrument with a 7-point scale to assess the extent of HCD. Overall, board meeting attendance yielded positive statistically significant association with HC information disclosed on recruitment, retention rate, turnover rate, internal mobility rate, competency rate, employee value-added, absenteeism rate. The board of directors play a critical role in improving the disclosure of HC information in the integrated reports. The study provides first empirical evidence on the impact corporate governance attributes have on HCD using the ISO 30414 HR reporting framework.

Strengthening the Human Rights Guarantee System in the Management of Migrant Policies in Brazil

Objective: This study aimed to conduct a bibliographic survey of scientific productions that deal with migration governance throughout the national territory. Theoretical Framework: Supported by the theoretical and methodological assumptions of dialectical historical materialism, this article is part of the results of a post-doctoral internship that discusses the strengthening and defense of the rights of migrants in Brazil. Method: As a procedure for collecting this data, a time frame of research from the last ten years (2014-2024) was used. For this purpose, a survey of scientific production in Brazilian postgraduate programs indexed in the BDTD (Brazilian Digital Library of Theses and Dissertations) was carried out. The analysis, in turn, was based on the ten dimensions of migration governance, developed by the International Organization for Migration (IOM) adapted to the Brazilian context. Results and Discussion: The results revealed that although there is an effort by municipalities and states to try to strengthen the guarantee of rights to migrants, there are still gaps and difficulties in ensuring them. There is fragmentation in the provision of services to migrants and difficulties for sectoral policies to carry out integrated and cross-cutting actions. Few studies discuss the institutional structure of migration governance, that is, the strategic organization of public policies in order to strengthen the guarantee of the rights of migrants. Research Implications: The importance of this study lies in organizing and producing materials to support professionals who work to promote the human rights of migrants in the country. Originality/Value: Considering that the management of migration and migrant policies is still under construction, this research contributes to thinking about ways to ensure the rights of migrants through effective migration governance.

Financial performance of emerging market companies during the COVID-19 pandemic: moderating role of sustainability performance

Purpose This study aims to investigate whether sustainability performance (SP) served as a safeguard for firm profitability (FP) and enhanced corporate resilience in emerging markets during the COVID-19 pandemic. Design/methodology/approach Using a sample of 1,091 firms in 25 emerging markets from 2017 to 2021, this study analyses the moderating role of SP on the relationship between FP and COVID-19 by using hierarchical linear modelling at three levels: (a) time-level; (b) firm-level; (c) country-level. Findings The results indicate that during the years 2020–2021, emerging market firms with robust SP showed better FP in the midst of the COVID-19 pandemic. The findings also indicate that all dimensions of sustainability, i.e. environmental, social and governance (ESG), have significantly affected the FP in the post-COVID period. Hence, adhering to ESG principles aids in alleviating adverse financial repercussions during times of crises. Practical implications This study provides valuable insights for companies and policymakers for finding solutions that may assist them in improving SP globally and enduring crises resiliently. The findings are also relevant to institutional investors that consider SP as an investment criteria. Although the COVID-19 pandemic was temporary, the lessons learned could protect firms from future similar global crises. Originality/value This study enhances the understanding of the contingency relationship between sustainability and financial performance by offering up-to-date empirical insights within the context of emerging markets during the pandemic. It demonstrates how different institutional frameworks influenced the SP–FP association during the crisis. Thus, this paper expands the understanding of crisis management literature and bridges the research void concerning the impact of SP on FP in an emerging market context.

Exploring the role of governance in determining public-private investment in energy: New empirical insights from ASEAN

The energy sector plays a pivotal role in driving economic growth and enhancing social welfare. However, the mobilization of sufficient investment including public and private remains crucial for advancing energy infrastructure development. Against this backdrop, this study aims to explore the role of governance in determining public-private investment in energy (PPE). The empirical analysis leverages a comprehensive dataset spanning 25 years from 1998 to 2022 and covering ASEAN nations. The study employs the CS-ARDL (cross-sectionally augmented autoregressive distributed lag) model for regression analysis to assess governance dimensions' long-term and short-term effects on PPE. Additionally, the study conducts robustness analysis by using the FMOLS (fully modified ordinary least square) model and an alternative proxy of governance i.e. EFI (economic freedom index) to validate the findings. The analysis reveals that governance exerts a significant and positive effect on PPE. Specifically, the dimensions of governance such as corruption control (COC), government effectiveness, political stability (POS), regulatory quality, etc. demonstrate robust positive associations with PPE. This positive relationship indicates that stronger governance institutions foster transparency, efficiency, and stability in the energy sector, attracting private-sector investments. The findings of this study have significant policy implications for policymakers, investors, and stakeholders seeking to promote sustainable energy transitions and socio-economic development within the ASEAN region. Specifically, it is essential to strengthen governance institutions, enhance regulatory frameworks, and foster public-private partnerships for energy investment. This study contributes to the existing literature by providing novel insights into the governance-energy investment nexus within the ASEAN region.

Estimating a national critical mineral security index in Indonesia using analytical hierarchy process

Critical minerals are key to guaranteeing energy security and economic stability in a nation. Indonesia, as the largest country in Southeast Asia, has significant reserves of critical minerals. The current circumstances, however, pose substantial challenges for Indonesia as it strives for self-sufficiency in various sectors. Indonesia must pay attention to its natural resource management, especially that of critical minerals. This study aims to present information on securing critical mineral resources in Indonesia by constructing a Critical Mineral Security Index (CMSI). This study used a quasi-qualitative method, wherein the Analytical Hierarchy Process (AHP) was used as the process of analysis. A total of four dimensions have been proposed in this study—availability, accessibility, technology-efficiency, and environmental, social, and governance (ESG) dimensions with a total of 29 indicators. The results of the AHP confirm that the security level of critical mineral resources in Indonesia is 5.57. The results indicate that the availability dimension has the highest weight compared to the other dimensions, equal to 47.6%. While the accessibility dimension has the lowest level of resistance. The government should, therefore, prioritize improving the indicators of accessibility dimensions. These results have policy implications for the energy and mineral sector in the future, to further reinforce energy and mineral security on a national scale, which may ultimately support transition energy in Indonesia and strengthen national defense.

The Governance of Renewable Energy Auctions: A Multidimensional Comparative Policy Analysis

Auctions have become the most important policy instrument for promoting renewable energy (RE). This article offers a conceptual and methodological framework to grasp the variety of national RE auctions’ governance arrangements. It presents indices to systematically measure and compare key dimensions of RE auctions and electricity governance: scope of regulation, private operators’ influence, coordination, and the concentration of authority. The framework’s usefulness is demonstrated via its application to three contrasted cases – the United Kingdom, Mexico, and Morocco, showing the disruption in electricity governance patterns induced by RE auctions and the relevance of the multidimensional approach to understand policy outcomes.

ESG and economic growth: Catalysts for achieving sustainable development goals in developing economies

AbstractThis study investigates the impact of Environmental, Social, and Corporate Governance (ESG) dimensions and economic growth on the achievement of Sustainable Development Goals (SDGs) in developing countries. The research utilizes a quantitative approach, analyzing panel data from 12 developing nations from 2010 to 2022. The Panel ARDL (Pooled Mean Group) method is applied to assess both short‐term and long‐term effects of disaggregated ESG components—environmental, social, and governance scores—on SDG attainment. Robustness is confirmed through endogeneity tests conducted using Instrumental Variable (IV) regression analysis with the Two‐Stage Least Squares (2SLS) method. The results reveal a positive relationship between ESG dimensions and SDG attainment, with economic growth also contributing significantly to SDG progress. The study highlights the importance of integrating ESG principles with economic growth strategies to enhance SDG fulfillment in developing countries, offering valuable insights for policymakers and business leaders in advancing sustainable development agendas.

Multipurpose territorial cadastre and collaborative participation as tools for smart urban governance: An analysis considering the pandemic’s effect in the São Paulo Metropolitan Region, Brazil

The society lives in a dynamic, complex and contradictory urban system, seeking to reach a balance between urban development and environmental preservation. For this purpose, there is a need to perform an efficient urban management integrated with the information and communication technologies. From this integration, emerges the smart cities concept, which is composed of smart governance strategies and actions. In this sense, the present article aims to understand and discuss the contributions, potentials and public values of the multipurpose territorial cadastre and the collaborative participation as tools for smart governance. In order to validate the theoretical essay, a case study was performed to analyze urban governance in the São Paulo metropolitan region, Brazil, according to the use of information and geoinformation resources applied to cities’ management, pre- and post-pandemics. The results have shown that some practices of municipal governments have already been established aligned with the dimensions of smart governance. However, mainly, as for spatial activation in the use of geoinformation, as well as in the use of multipurpose territorial cadastre, it still has much to move forward and, therefore, to qualify with public value the strategies and actions of governance that a smart city requires.

Ethics and International Trade: A Tale of Many Connections

In recent decades a growing number of analytic political philosophers have started to pay attention to the ethics or morality of international economic integration. In this paper we offer an overview of the normative questions related to international trade. The paper has eight parts and focuses on these topics starting from a conceptual definition of trade: the legal, institutional and governance dimensions of international economic exchange and related ethical questions; the idea that trade has distributive effects within participating countries; the distinction between the ethics of production and consumption; two specific international markets, the market for natural resources and that for weapons.

The Nexus between Corporate Governance and Economic, Social and Environment (ESE) Practices: Bangladeshi Banking Paradox

This study aimed to investigate the relationship between corporate governance and sustainability practices at 45 scheduled commercial banks in Bangladesh. The study specifically focused on the impact of corporate governance on bank sustainability practices, using the Global Reporting Initiative (GRI-4) sustainability guidelines. The resource-based view theory was used to explain the relationship between corporate governance and sustainability practices. Panel data used for this analysis was derived from the annual and sustainability disclosure reports of these banks from 2017 to 2021. This study explores dimensions of corporate governance, including board size, independent board members, CEO duality, gender diversity, audit committees, risk management committees, and audit firm size, highlighting their importance in strategic decision-making. It also explores sustainability practices from a corporate perspective, focusing on economic, social, and environmental performance indicators and emphasizing the importance of strategic resource allocation and disclosure. Four hypotheses were formed, and ordinary least squares (OLS) regression was employed to test the relationship between corporate governance and bank sustainability practices. The statistical results showed that CG has a direct effect on firms overall sustainability as well as social and environmental sustainability practices. It was also seen that the size of the board has a significant effect on the overall sustainability measures (ESE). The study suggests that pro-active measures should be taken to improve sustainability practices in Bangladesh.

Mediating ESG: Mapping individual responses to a changing field

Previous studies have called for more research into the human dimension of environmental, social and governance (ESG) investing. Drawing on formal interviews and informal conversations with 57 fund managers and investment analysts working in the city of Edinburgh, UK, this study explores how traditional investors have responded to the growth of ESG investing. We derive abductively six different positions which investors adopt: the Idealist, the Jaded Idealist, the Enthusiastic Mediator, the Tempered Mediator, the Moderniser and the Traditionalist. The paper contributes to the ESG investing literature by identifying and discussing these different positions; the main theoretical contribution is a new conceptualisation of the position and role of the mediator.

The Link Effect of ESG Score, Stock Price Volatility, and Tax Payment: Doing Well while Doing Good

This study aims to identify how environmental, social and governance (ESG) performance influences stock price volatility, explicitly focusing on the moderating role of tax engagement. ESG performance is measured by an ESG Score calculated from the weighting of three dimensions: environmental, social and governance. Stock price volatility is measured by the degree of price variations over 12 months based on the last 52 weeks’ prices. A sample of Indonesia-listed firms is used, with 770 observations from 2023. The results show that the ESG Score negatively impacts stock price volatility, which is more significant in the social dimension than in the environmental and governance dimensions. In addition, the tax payment variable moderates the relationship and increases the effect of the ESG Score on stock price volatility. These findings suggest that ESG practices and tax transparency are ethical elements and critical components for financial stability, promoting the high-quality development of listed firms. This study is significant for firms, regulators, policymakers and investors. Overall, it underrates the importance of firms adopting ESG activities and engaging in tax management to mitigate risks and maintain viability in the contemporary business environment. This study provides new empirical evidence regarding the factors driving corporate stock price volatility. In addition, it offers pertinent policy recommendations for businesses and governments regarding the significance of ESG investments.

Leveraging corporate governance characteristics for stock crash risk assessment

Causing considerable losses for individual investors, stock crashes are also potential triggers for wider financial crises. In contrast to existing research that primarily focuses on specific corporate governance characteristics in relation to stock crash risk, in this study, we construct a set of corporate governance attributes and employ machine learning techniques for a comprehensive assessment of stock crash risk. Through empirical analysis in the Chinese stock market, we find that our corporate governance attributes are effective indicators of stock crash risk, yielding statistically significant and economically meaningful crash risk assessment. Additionally, our heterogeneity tests suggest that firms with less concentrated shareholding result in superior assessment accuracy. This observation is consistent with prior findings that increased retail investor participation enhances corporate governance transparency, thereby contributing to better assessment performance. Industry-wise, the performance of crash risk assessment for real estate companies is higher than that for cultural, sports, and entertainment sectors. We speculate that these variations stem from industry-specific factors, such as business logic, operational models, and profit mechanisms. Our results also suggest that characteristics related to shareholder meetings are pivotal in assessing crash risks for manufacturing companies, while board-related features are essential for real estate firms. Overall, this study contributes to current literature by validating the feasibility of employing corporate governance characteristics to assess crash risk and by exploring the economic value of crash risk assessment. Furthermore, we discuss several valuable insights into the Chinese stock market through heterogeneity analysis.

Readiness of Warunggunung Village, Lebak Regency in Realizing the Smart Village Program: a Review of the Smart Government Domain

In research This the existence of a Smart village in Warunggunung Village can understand problems faced by the village with understand situation latest from problems that exist in the village, with manage various source power to be effective and efficient, then maximizing objective for serve public. Study This aim for see how one dimensions of the smart village implemented namely smart government in Warunggunung Village, Lebak Regency. Method used in study This is descriptive qualitative use theory from Bakri (2004) about readiness with the STOPE model. Interview data collection done with informant from the Warunggunung Village Head's Office and parties public. Research result show that readiness village warunggunung in dimensions of smart government yet walk with Good seen from lack of budget and HR readiness of Warunggunung Village in prepare digitalization service village in Warunggung Village Because Still There is a number of features that are not yet Can walk optimally. Other perceived obstacles were also seen from side public it's the one that’s lacking participate active and public with the world of digitalization. Efforts made as preparedness and coping factor inhibitor with do training For increase the quality of human resources as well Keep going do socialization massively to the people of Warunggung Village about method use technology digital information and services.

How does the method of farmland transfer affect the “non-grain” of farmland in China?

IntroductionThe phenomenon of “non-grain” of farmland poses a major threat to food security. Currently, there is still debate about the relationship between farmland transfer and the “non-grain” of farmland. Currently, there is no consensus on the relationship between farmland transfer and the non-grain use of farmland. This article focuses on the evolution of farmland transfer methods, examines the impact of farmland transfer methods on the non-grain use of farmland, and highlights the importance of effectively promoting farmland transfer, curbing the non-grain use of farmland, and ensuring food security.MethodsBased on the China Rural Revitalization Survey (CRRS) data, this paper uses probit and ivprobit models to estimate the causal relationship between farmland transfer methods and the “non-grain” of farmland. Grouped regressions are conducted from three dimensions of geographical environment, village governance, and economic development to test the heterogeneity of the impact of farmland transfer methods. Finally, the pathways of action are analyzed from the perspectives of farmers’ identity transformation and contract signing.ResultsThe organized transfer can significantly reduce the degree of “non-grain” of farmland, and its effect is stronger when the village party secretary has a higher level of education and also serves as the village head. This effect is mainly manifested through increasing the probability of farmers becoming new agricultural operators, joining cooperatives, signing formal contracts, and determining the lease term.DiscussionThe policy implications of this study emphasize that to curb the “non-grain” of farmland and ensure food security, it is important not only to increase the rate of farmland transfer but also to promote the organization of farmland transfer transactions. This includes facilitating the transfer of farmland from inefficient smallholders and cultivating new agricultural operators. Simultaneously, leveraging the supervisory and management role of village collectives can encourage farmers to sign more formal written contracts, clarify the purpose of farmland transfer, and supervise and manage the use of farmland during the subsequent contract execution stage. A limitation of this study is that it relies on cross-sectional data and does not observe the time variation of farmland transfer methods for the same farmers or their long-term impact on the “non-grain” of farmland.

The Virtuous Circle of Governance in Tourism Destinations: Enhancing Competitiveness and Sustainability

Tourism governance has evolved significantly since the 1990s, shifting from traditional destination planning to more inclusive and collaborative models. This article explores the evolution of governance in tourism, emphasizing its potential to create a virtuous circle of continuous improvement. Governance in tourism is particularly relevant due to the sector’s transversal nature, which requires the involvement of multiple stakeholders, including public authorities, private enterprises, and local communities. Effective governance aims to enhance both competitiveness and sustainability, two central objectives for destination management. The article identifies seven key dimensions of governance—participation, coherence, responsibility, effectiveness, know-how/quality, openness, and simplification—each of which plays a crucial role in ensuring successful governance. Furthermore, it highlights the dynamics of the virtuous circle, where open communication fosters trust and capacity, enabling productive participation. This, in turn, leads to coherent action aligned with long-term goals, enhanced by expertise and a commitment to quality. Responsible decision-making ensures sustainability, thereby reinforcing the entire process. Ultimately, the virtuous circle of governance creates a self-reinforcing system that continuously improves the effectiveness and adaptability of tourism management. By adopting this governance model, destinations can better address the complexities of the tourism sector, fostering sustainable development while ensuring competitiveness.