Sustainability Of Company Research Articles

A review of strategic cash flow management models and their role in driving financial growth and sustainability for energy companies in developing markets

Effective cash flow management is critical to the financial health and sustainability of energy companies, particularly in developing markets where economic volatility and operational challenges can constrain growth. This review explores strategic cash flow management models and their impact on driving financial growth and sustainability for energy companies operating in these markets. It highlights the importance of optimizing working capital, leveraging debt and equity financing, and implementing robust risk management frameworks to ensure liquidity and long-term viability. The review categorizes the most prevalent cash flow management models used in energy companies, such as the Free Cash Flow (FCF) model, the Discounted Cash Flow (DCF) model, and the Cash Conversion Cycle (CCC) model. Each model's relevance is analyzed in the context of fluctuating energy prices, regulatory changes, and currency instability, which are common issues in developing markets. Additionally, the role of digital tools and financial technologies (FinTech) in enhancing the precision and efficiency of cash flow forecasting and management is discussed. Key findings suggest that strategic cash flow management not only supports immediate liquidity needs but also positions energy companies for sustainable growth by optimizing investment opportunities and mitigating financial risks. A significant emphasis is placed on the need for agile financial planning, where scenario-based forecasting and adaptive cash flow strategies are essential to navigating uncertainties in the energy sector. Furthermore, the review underscores the importance of integrating environmental, social, and governance (ESG) criteria into cash flow models, aligning financial sustainability with broader corporate responsibility goals. In conclusion, this review offers a comprehensive analysis of cash flow management strategies that are crucial for energy companies in developing markets, providing actionable insights into achieving financial resilience and long-term growth.

Adaptive business policies for the energy transition: Balancing short-term profitability with long-term sustainability in oil and gas companies

This review examines the challenges and opportunities faced by oil and gas companies as they navigate the global energy transition, focusing on the delicate balance between maintaining short-term profitability and ensuring long-term sustainability. As the world shifts towards cleaner energy sources, traditional fossil fuel companies are under increasing pressure to adapt their business models and strategies. This study synthesizes current literature on adaptive business policies, sustainability initiatives, and their impacts on the oil and gas industry's future. Through a comprehensive analysis of case studies and empirical research, we identify several key mechanisms through which companies can effectively balance short-term financial objectives with long-term sustainability goals. These include diversification into renewable energy, investment in carbon capture and storage technologies, and the adoption of circular economy principles. Our findings suggest that successful adaptation requires a nuanced understanding of market trends, strong leadership commitment, and strategic use of technology and innovation. The review also highlights the potential of partnerships and collaborations in accelerating the transition process. By identifying key factors contributing to successful adaptive strategies and their subsequent impacts on both profitability and sustainability, this study provides valuable insights for industry leaders, policymakers, and researchers working towards a more sustainable energy future. Future research directions are proposed to further explore the long-term viability and scalability of these adaptive business policies across different market contexts.

Innovating for sustainability in food and beverage companies: the role of governance and environmental factors in climate change mitigation

PurposeFocusing on the food and beverage (F&B) sectors, this study aims to identify combinations of external environmental factors (natural disasters and water stress) and internal corporate governance factors (corporate social responsibility [CSR] sustainability committee, board gender diversity and stakeholder engagement) that lead to the integration of climate change mitigation innovation and technologies.Design/methodology/approachA fuzzy set qualitative comparative analysis (fsQCA) was conducted on a global sample of 262 listed companies in the F&B sectors. Two additional analyses were performed for European and Asian companies.FindingsIn the three models, the presence of CSR sustainability committees and stakeholder engagement was crucial for achieving the integration of climate change mitigation innovation and technologies. The relevance of board gender diversity differs between the European and Asian models, highlighting potential regional influences on corporate climate innovation decisions. The combination of external and internal factors is the key to justifying different approaches to achieving climate innovation.Originality/valueThis study offers insights into the factors driving the integration of climate change mitigation innovation and technologies into company strategies. Related strategies must combine external and internal factors to enhance the climate resilience and competitiveness of F&B companies while reducing their environmental impact.

Information and Technology Governance Capability Analysis Using COBIT 2019: Case Study of CV Wirelessindo

The implementation of IT supports company sustainability. Large companies use IT as an integral part of their business model. Digital strategies must align with business strategies to achieve sustainability. Wirelessindo, established in 2007, provides IT solutions such as equipment, site surveys, network design and security, and tower installations. Its mission is to increase company productivity to win the competition in the era of Industry 4.0. IT is used to enhance customer service and internal business process efficiency. Initial investigations found issues with IT function mismatches, financial losses due to data loss, errors in IT equipment installation and configuration, and business process incidents caused by emerging risks. Identified root problems include employee knowledge gaps, risk management disparities, errors in defining business needs, and change management gaps. Based on these findings, IT governance evaluation was chosen as the research focus. This study aims to provide an overview of CV Wirelessindo IT capability levels and recommendations for improvements to meet expected levels. COBIT 2019 were used in this study. The General Manager, IT Division Manager, Software Development Team, Network Monitoring Team, Project Manager, and HR Manager were selected as respondents based on the Responsible, Accountable, Checked, Informed chart guidelines. Of the nine selected objectives, BAI08 showed level 0. APO12, BAI02, BAI06, BAI07, and DSS01 showed level 1. APO07, BAI10, and DSS03 showed capability level 2. Therefore, 61 recommendations were provided to raise the IT governance capability level to level 3 for all objectives.

THE EFFECT OF GENDER DIVERSITY AND FINANCIAL PERFORMANCE ON STOCK RETURNS WITH SUSTAINABILITY AS AN INTERVENING VARIABLE

Sustainability and return on stock represent crucial factors in a company's development. Board gender diversity and financial performance can influence a company's Sustainability and return on stock. This study employs a quantitative research method analyzing data from 17 companies, utilizing financial reports from 2018 to 2021. The research findings indicate no significant influence of board gender diversity and financial performance on stock return through a company's Sustainability. These findings underscore the complexity of the dynamics between these factors, emphasizing the need for an integrated approach in corporate management to achieve an optimal balance between Sustainability, return on stock, and inclusive business practices.

Impacts of human resources management strategies and practices on workers performance in construction industry: a review

Human resource management (HRM) plays a vital role in the growth and sustainability of companies and in achieving company objectives, as HRM relates to the workers’ practices and their functional roles. The main objective of this paper is to identify the HRM strategies, practices and their impact on worker’s performance in the Architecture, Engineering, and Construction (AEC) Industry. The method which was used in this study was based on three stages. After the completion of the database and web engine search, the total number of sources found were 149. Next, the sources’ titles and abstracts were reviewed and those marked as relevant to the review were chosen to be retrieved and thoroughly reviewed. The sources were chosen based on the following inclusion criteria: (a) the sources implied in HRM strategies in the AEC industry, (b) the sources released between 2010 and 2023, (c) the online sources, and (d) the English-language sources. Also, the selected sources are reviewed to extract the factors using the content analysis method which is a thorough and systematic study of the contents of a specific body of material. In addition, content analysis is carried out to extract practices of HRM strategies and their impact on worker performance. This can be followed up and observed through the figures and tables that come later. As a final result, which concludes the outputs of the previous stages which results in a first-round total of 31 HRM strategies practice but in the second-round result of reaching 39 different sources from 149 related sources. After that, discussing the most popular between them based on the appearance of it in the sources which reviewed beside that, the impact of it on worker’s performance were viewed in the AEC industry. Based on that, it was found the following 5 categories of strategies: (1) Human Resources Planning; (2) Polarization and Recruitment; (3) Training and Development; (4) Human Resources Following-up; (5) Career Planning. At the same time the most popular practices are based on appearance in sources: In terms of Human Resources Planning Strategy, “The company’s management analyses the functions accurately”. In Polarization and Recruitment Strategy, “The company’s internal resources are the best to provide its human resource needs” and “Selection and recruitment policies are in line with the company’s current and future needs”. In Training and Development of Human Resources Strategy, “The company evaluates the results of development and training programs to achieve the purpose of feedback”. In Human Resources Following-up Strategy, “There is a fair incentive system in the company”. In Career Planning Strategy, “There is a clear description of the relationship of workers to each other”. Finally, human resource management strategies and practices are one of the major players in the AEC industry, which is evidenced by its impact on the performance of workers. First published online 22 October 2024

ESG Performance and Enterprise Competitive Advantage Construction: A Case Study of Walmart

This essay opens with an in-depth discussion of the growing importance of ESG concepts in modern corporate management and highlights their significant role in promoting long-term corporate value creation. With the increasing global focus on sustainability, ESG concepts have become an integral part of corporate strategic planning and operational decision-making. Next, this article selects the global retail giant Walmart as a case study and uses SWOT analysis and other management tools to analyse in detail how Walmart has effectively constructed and consolidated its competitive advantages in the highly competitive market through the implementation of an active ESG strategy. The article specifically describes Walmart's practices on several ESG dimensions, including but not limited to the implementation of environmental protection measures, active support to the community, the enhancement of employee welfare, and the optimisation of corporate governance structure. In terms of environmental protection, Walmart has significantly reduced the environmental impact of its operations through measures such as reducing carbon emissions, improving energy efficiency and promoting sustainable products. In terms of community support, the company has strengthened its ties with local communities and enhanced its brand image through various community programmes and charitable activities. Employee well-being has been achieved through improved working conditions and career development opportunities, which have not only increased employee satisfaction but also enhanced the company's attractiveness. The article concludes by summarising the important contribution of Walmart's ESG practices to the company's sustainability and long-term competitive advantage and suggests possible future strategic directions and recommendations for Walmart in ESG based on current market trends and company performance. These recommendations are intended to provide valuable references and insights for Walmart and other companies in their future strategic planning and decision-making processes, especially in terms of how to balance economic efficiency and social responsibility to achieve long-term sustainable development. However, due to the limitation of data and the depth of research on Walmart ESG, the article still has limitations.

Empirical Analysis of the ESG and Financial Performance: Evidence from Chinese Technology Enterprises

To date, the concept of sustainable development has gained global attention from companies and investors. One important reason for this is the increasing interest of investors in incorporating environmental, social, and governance (ESG) elements into their investments. The purpose of this dissertation is to analyze the correlation between ESG factor performance and corporate financial performance in Chinese technology enterprises. Additionally, the study focuses on Internet and medical technology companies to ensure relevance. The findings of the study provide guidance on ESG investment and sustainability for both companies and individual investors.

Analysis of the Effect of Good Corporate Governance Mechanisms and Financial Performance on the Disclosure of Sustainability Reports with Firm Size as a Moderating Variable in Banking Companies Listed on the Indonesia Stock Exchange 2017-2022

The purpose of this study was to test and analyze the effect of Good Corporate Governance (GCG) and others: managerial ownership, number of Board of Commissioners and Audit Committee, and Financial Performance, which included ROA and ROE on company sustainability in banking sub-sector companies listed on the Indonesia Stock Exchange. In addition, this study also aims to determine whether the firm size can be used as a moderation variable to strengthen or weaken the relationship between good corporate governance (GCG) and the financial performance of the company's sustainability. This research is a type of quantitative research with a descriptive approach. Purposive sampling techniques were used from 47 banking companies in the IDX, and 19 banks were included in the research sample within 6 years of the period. The data used are secondary data and data collection methods, accessed by accessing the IDX's 2017-2022 annual report. The results of this study show that good corporate governance (GCG) has no significant effect on sustainability. The audit committee has no significant effect on sustainability reports. Managerial ownership has a significant effect on sustainability reports, independent commissioners have no significant effect on sustainability reports, the Board of directors has no significant effect on sustainability reports, and financial performance has a significant effect on sustainability reports, where ROA and ROE have a significant effect on sustainability reports. Firm size can moderate the influence of GCG and financial performance with sustainability reports. Keywords: good corporate governance, audit committee, board of commissioners, managerial ownership, financial performance, ROA, ROE, sustainability report, and firm size

Kuit: An Enterprise's Commitment to Sustainability through Technological Development

This article is a case study that aims to show how Kuit, a social enterprise, addresses the challenge of technological management while meeting its social, environmental and economic business objectives. The study examines innovation through technological development as part of a business strategy to promote ethical and sustainable business practices, which are focused on the health and well-being of people through the production and distribution of kombucha. The relevance of the case study lies in showing the technological management strategy implemented by the founders of Kuit, which has led them to a process innovation and a patent application. This innovation has been recognized by the Secretariat of Innovation, Science and Technology of the State of Jalisco, with Kuit being one of the five finalists for the 2021 Jalisco Innovation Award. Innovation has allowed Kuit to be a sustainable company both technically and financially, fulfilling its social and environmental mission.

Generation Z and sustainability

A survey of 652 Generation Z students shows that there is great interest in the topic of sustainability but that there is less willingness to delve deeper into the topic of sustainable companies or sustainable product labels or to get involved in the area of sustainability themselves. Incentives therefore need to be created to increase this willingness. These incentives should cover several levels.

Cognitive Model Based on The Dl Random Forest Method for Profi t Forecasting and Fuzzy Algorithm for Assessing Company Sustainability in Conditions of Uncertainty

The article is devoted to the problem of supporting management decision-making on choosing a strategic partner whose activities would be effective and sustainable. During the study, based on the results of the work of enterprises in the domestic confectionery industry, a dataset was generated, which was subsequently used for the deep learning model DL-model "Random Forest" in order to calculate the predicted values of the net profi t of enterprises in the industry. Assessing companies for the purpose of selecting a strategic partner, using models such as: deep learning model "Random Forest" (DL Random Forest), VaR, Z-Altman, Hurwitz matrix, Fuzzy algorithm in modern conditions has great practical significance. The relevance of the study lies in the fact that in conditions of increasing market uncertainty, approaches to ensuring the sustainable development of an organization based on AI systems are increasingly being used. The scientific novelty lies in the fact that the study used a set of models that made it possible to assess the actual sustainability of companies and, based on the calculated forecast values of net profi t, as well as business efficiency indicators ROE and ROS, to make a decision on the choice of potential business partners. During the study the following were developed: a VaR model, which made it possible to obtain an assessment of fi nancial risk, a Z-Altman model for assessing the risk of bankruptcy of an enterprise. In addition, based on the calculated parameters of the regression equation, a Hurwitz matrix was formed, which made it possible to draw a conclusion about the sustainability of each enterprise as a system. The use of the Fuzzy algorithm made it possible to obtain a decision on choosing a partner enterprise.

Influence of Technology on Business Sustainability in Petroleum Firms in Nairobi, Kenya

Purpose: Sustainability is gaining more interest among several strategic management scholars. Technology provides a disruptive competitive advantage that is essential for businesses to thrive in a difficult environment where rules and strategies change from time to time. There is little competition among the oil marketers in Kenya because the government controls pricing strategy. The study's main aim was to determine the influence of technology on business sustainability in petroleum firms in Nairobi, Kenya. The study was underpinned by dynamic capability theory. This study adopted a descriptive research design in its investigation. Study design/methodology/approach: The study's total population was 60 oil marketing companies in Nairobi. The study selected heads of business development units from each oil marketing company. Since the population was small, a census was adopted because it was the most appropriate approach. The primary data was collected using questionnaires, where standard questionnaires with closed-ended questions were administered to capture important information about the respondents. Simple linear regression was employed to determine the effect of technology on business sustainability in petroleum firms in Nairobi. Findings: Technology had a positive and significant effect on the business sustainability of oil marketing companies. The study concluded that strengthening technology enhances competitiveness and thus results in business sustainability among oil marketing companies. Originality/value: The study recommends adopting improvised technology for all the processes and services of oil marketing companies.

The relationship between sustainability and financial performance of South African companies

Orientation: Environmental, social and governance (ESG) performance remains crucial information required by stakeholders as they are interested in monitoring whether companies contribute to sustainability or not.Research purpose: The study’s purpose was to determine how the sample companies scored on the three pillars of ESG performance and to determine the relationship between ESG scores and the financial performance of selected South African listed companies, with special reference to the impact of coronavirus disease 2019 (COVID-19) on that relationship.Motivation for the study: Because of crises such as the COVID-19 pandemic, companies tend to focus on their ESG-impact, resulting in them investing in sustainable operations.Research approach/design and method: Linear mixed-effect regression analysis models were developed to determine the relationship between ESG scores and financial performance. The sample consisted of 104 companies listed on the Johannesburg Stock Exchange (JSE) from 2017 to 2022.Main findings: We found that companies do not equitably score on the ESG performance pillars. We also found the following significant relationships: (1) Return on equity (ROE) positively impacts governance performance, (2) ESG positively impacts Tobin’s Q and (3) governance performance positively impacts ROE. Furthermore, the results show that sustainability and financial performance before and after COVID-19 are mainly not meaningful.Practical/managerial implications: New insights are revealed in the interests of shareholders, potential investors and company management regarding how to interpret the relationship between ESG pillars and financial ratios.Contribution/value-add: We contribute to the theory as a conceptual framework was developed to interpret the results within the shareholder’s theory.

The economic security of a commercial corporation as a principle of corporate law

The article considers the economic security of a commercial corporation as a principle of corporate law, formulates its concept and main features. The necessity of institutionalization of this principle in corporate law to improve the sustainability and competitiveness of companies is emphasized. The interests of the corporation in the context of their priority importance for corporate governance and resolution of corporate disputes are considered. The specificity of threats to economic security depending on the organizational and legal form and public or non-public status of the company is proved. The necessity of development of corporate responsibility according to the restitutive model with simultaneous development of legislation and practice of application of retributive measures has been substantiated. The article analyzes Russian and foreign experience and emphasizes the importance of integration of private and public legal mechanisms for effective risk management and threat prevention.

Management Guidelines for Listed Companies on the Stock Exchange of Thailand for Moving Towards Sustainability

The United Nations introduced “Transforming our World: the 2030 Agenda for Sustainable Development” as a global action plan with 17 Sustainable Development Goals (SDGs) and 169 targets. In alignment with this agenda, the Stock Exchange of Thailand (SET) launched the Thailand Sustainability Investment Index (THSI) in 2015 to promote Environ­mental, Social, and Governance (ESG) factors. However, the number of sustainable companies has decreased, and Thailand’s economic competitiveness and foreign direct investment (FDI) have declined. This research thus aimed to develop guidelines for becoming a sustainable company using a mixed-methodology approach, including qualitative interviews, survey study, and focus group discussions. Quantitative data came from a survey of 500 sustainable companies listed on SET. The findings indicated that guidelines for SET-listed companies to achieve sustainability should consist of four latent variables, arranged in order of importance: organizational support, environmental protection, social responsibility, and corporate good governance. The most critical factor identified is the accurate and transparent reporting of financial performance. Additionally, the tested hypothesis indicated differences in market capitalization with overall aspects significantly different at the 0.05 level. These insights provide valuable strategies for businesses, policymakers, and educational institutions dedicated to advancing sustainable development and improving economic competitiveness in Thailand.

Crude oil price behavior and the adoption of sustainable measures in companies before and after COVID-19

The objectives achieved in the Paris Agreement to reduce greenhouse gas emissions and reduce dependence on fossil fuels have caused, in recent years, a growing importance on sustainability in companies in order to reduce Environmental, social and economic impacts. This study is focused on understanding how the variation in West Texas Intermediate crude oil prices affects the Dow Jones Sustainability Index, and therefore the companies included in it, and vice versa. The research aims to examine the statistical properties of both indices, using fractional integration methods, the fractional cointegration vector autoregressive (FCVAR) approach and the continuous wavelet transform (CWT) technique. The results warn of a change in trend, with the application of extraordinary measures being necessary to return to the original trend, while the analysis of cointegration and wavelet analysis measures reflect that an increase in those adopted based on sustainability by the different companies that make up the index imply a drop in the price of crude oil.

Value of pharmaceuticals: Improving product demand through innovative research and development in Palestinian and Jordanian firms

This study investigates the sustainability of the pharmaceutical business in Palestine and Jordan by examining the impact of R&D intensity on company performance. The study sample consisted of pharmaceutical companies listed on the Amman and Palestine Stock Exchanges, where the descriptive analytical approach was used to achieve the study's objectives, which numbered (6) companies for ten years from 2013 to 2022. The study's dependent variable, "Performance and value of the company’s Return on Assets (ROA), Earnings Per Share (EPS), and Tobin's Q, and the independent variables were R&D intensity (RDI) and selling and marketing expenses (SMI). A statistical analysis package (STATA) was used to achieve the study's objectives and test its hypotheses. The study analyzed the impact of variables (RDI, SMI,) on the performance and value of pharmaceutical companies. Variables (RDI, SMI, FS, CP, and LEV) had no significant influence on these factors. However, the MS has a significant impact on these factors. The study also found that while variables (SMI and FS) had a significant effect on pharmaceutical companies' performance and value, the variables (RDI, MS, CP, and LEV) had no significant influence on either. This study offers significant implications for the sustainability of pharmaceutical companies, investors, and academic research centers. Governments, including health ministries, should reevaluate R&D spending to bring about a qualitative change that will allow these businesses to innovate and sustainably contribute to the preservation of healthcare.

Analyzing green entrepreneurial orientation drivers: Insights from the Indian manufacturing industry

ABSTRACT Business activities often lead to various environmental issues, like deforestation, waste, and pollution. Hence, integrating environmental concerns into manufacturing operations is essential for ensuring long-term sustainability. In this direction, green entrepreneurial orientation (GEO) represents an internal strategy that integrates environmental concerns into business operations. While much of the discussion around GEO has centered on the manufacturing sector in general, the unique dynamics of the textile industry have often been overlooked. This highlights the need for a more targeted exploration of GEO drivers specific to the textile sector. An exploratory approach has been used in the study, where in the first stage drivers are identified through a literature review strategy, while the second stage involves analysis of the company sustainability reports to validate the drivers. The results indicate that managerial environment concerns, technical orientation, big data analytical capabilities, environmental collaboration, and institutional pressure are the primary drivers that must be operationalized by firms to implement GEO. Furthermore, textile firms are concentrating on five core areas that align with GEO principles: energy efficiency, renewable energy, water and effluents management, waste management, and awareness programs. The study provides implications for managers and policy makers to prioritize the integration of environmental concerns into strategic decision making, foster collaborations, invest in data-driven technologies, and strengthen regulatory frameworks to encourage the adoption of green entrepreneurial practices.

Corporate Purpose and Sustainable Decision Making: Examples from Dutch Corporate Practice

In this contribution we examine the state of the art of purpose statements in Dutch corporate practice. We discuss the general debate on corporate purpose, explore differences between purpose and related terms such as mission and vision, and outline the legal qualification and effects of purpose statements. We also review the Dutch legal background against which purpose statements are used, present empirical findings on the use of these statements over the past decade, and reflect on their value for the sustainable future of companies in a Dutch and European corporate law setting.Overall, we identify that discussions on corporate purpose have influenced Dutch corporate practice. We demonstrate a notable increase in such statements over the past decade and show that they have become increasingly oriented towards sustainability and extrinsic aims. We do not, however, infer from these developments that purpose statements have had a standalone, positive effect on the sustainability of companies since they are often vaguely formulated, seldom included in articles of association, and are typically formulated as a voluntary act by the board. Ultimately, we conclude that the effectiveness of corporate purposes depends on how companies implement them within the regulatory context that is provided by society.