Building a Theoretical Framework for Corporate Sustainability

Clarifying the Concept of Corporate Sustainability and Providing Convergence for Its Definition

Organizations are under mounting pressure to adapt to and to adopt corporate sustainability (CS) practices. Notwithstanding the increasing research attention given to the subject and the meaningful theoretical contributions, it is claimed that a definition, and a commonly accepted understanding of the concept of corporate sustainability, is still missing. Alignment on the meaning of CS is of critical importance for enabling coherent and effective practices. The lack of a sound theoretical foundation and of conceptual clarity of corporate sustainability has been identified as an important cause of unsatisfactory and fruitless actions by organizations. To address the questions “What is Corporate Sustainability?” and “Is it true there is a lack of convergence and clarity of the concept?”, we perform an ontological analysis of the different and interrelated concepts, and a necessary condition analysis on the key constitutive features of corporate sustainability within the academic literature. We demonstrate that the concept of corporate sustainability is clearer than most authors claim and can be well defined around its environmental, social and economic constitutive pillars with the purpose to provide equal opportunities to future generations.

The Nexus between Big Data and Sustainability: An Analysis of Current Trends and Developments

With the development of technological innovations, Big Data is transforming the socio-economic world, impacting almost every organization and person. The transformations associated with the development of Big Data have important consequences for the sustainability of organizations, regions, and the society as a whole, and as such, they have been specifically addressed by the academic literature focusing on sustainability. Despite its importance, and perhaps because of its rapid emergence, there is a lack of studies dealing with the analysis of this body of literature and its trends. The current research attempts to fill this gap. The study develops a bibliometric and visualization analysis of the literature on the nexus between Big Data and Sustainability. The research analyzes 726 documents on this topic, published until the end of 2020, in the Web of Science Core Collection database through the VOSviewer software. The results indicate the main trends and developments on the topic related to the most cited papers, authors, publications, institutions, and countries. The visualized frameworks, structures and trends are useful for both researchers and practitioners, as they can help them understand the current situation, issues to consider, and main developments on the topic.

Determinants of Corporate Environment, Social and Governance (ESG) Reporting among Asian Firms

Departing from previous studies, which have mostly focused on Western countries, our work investigates the determinants of the corporate environment, social and governance (ESG) reporting among Asian firms. Examining Asian public listed firms from 2005 to 2017, our cross-sectional model results indicate that firm characteristics (economic performance, profitability, leverage and size) are found to disclose additional ESG information. The outcome is consistent with the legitimacy theory, which posits that firms provide higher ESG reporting to legitimize and justify the firm’s continuous existence. The findings are important for firms, stakeholders and policymakers. While firms may formulate ways to improve ESG reporting to compete in the international market, the stakeholders may pressure firms to disclose more information on ESG and policymakers to designalegal framework on ESG that suits firms in Asia.