International Journal of Sustainable Strategic Management (16 papers in press)
ANALYSIS OF IMPLEMENTATION OF CORPORATE SUSTAINABILITY - CASE BOGOTA - COLOMBIA
by Oscar Alberto Vargas Moreno, Thomas Swarr
Abstract: In Bogot
Keywords: Corporate sustainability; strategic management; competitive context; implementation; sustainability drivers; sustainability reporting.
Cross-country comparison of CSR reporting practices evidenced from institutional theory in India and China
by Aparna Bhatia, Binny Makkar
Abstract: The present paper explores the differences in the extent of corporate social responsibility reporting practices in India and China on the basis of institutional theory as affected by the national business system (NBS). Content analysis is used as a tool for data collection from the annual reports and websites of companies. A self-constructed index containing 31 items under five heads is framed after reviewing the literature available and current reporting practices of the two countries. Descriptives are used to calculate company wise and item wise scores. The differences in the mean scores of Indian and Chinese companies are examined using independent sample t-test. The results reveal that the extent of CSR disclosure of Indian companies is significantly higher in contrast to that of Chinese companies. India takes lead in CSR disclosure for all other categories except for human resources. The study strongly implicates the Chinese government for focusing more on strengthening the enforcement of laws and improve the governance environment.
Keywords: corporate social responsibility; content analysis; India; China; national business system; NBS.
A Typology of Culture-oriented Human Resource Management Systems
by Christoph Hinteregger, Susanne Durst
Abstract: Organizational culture has repeatedly been reported as the vehicle for organizational change, but there is still a lack of research that investigates the impact of HRM on organizational culture which is attributed to the absence of comprehensive HRM frameworks. Based on a sample of 161 German-speaking enterprises in Austria, Liechtenstein, and Switzerland, this study responds to this gap by developing, operationalizing, and evaluating a typology of culture-oriented HRM systems and their effects on organizational culture. The results demonstrate that HRM plays a crucial role in developing and shaping an organizational culture in general and that each of the developed HRM system, namely employee-, innovation-, profession, and task-oriented fosters the development and/or change of a specific organizational culture in particular.
Keywords: Sustainable human resource management systems; HRM typology; competing values framework; organizational culture.
Developing CSR Strategy from the Legal Business Environment: Conceptual Framework and Application to the European Chemicals Regulation
by Guido Grunwald
Abstract: New or changing legal environmental factors offer scope for action that companies can exploit to develop strategies of corporate social responsibility (CSR). The European Chemicals Regulation (REACH), which is in full force in 2018, aims to improve the protection of human health and the environment through better and earlier identification of the intrinsic properties of chemicals. It strengthens consumer protection through transparent procedures for risk assessment and risk communication. But which CSR strategy options can be derived from REACH, and which option should be chosen? A conceptual framework is proposed that allows decision-makers to systematically identify, analyse, develop, and evaluate CSR strategy options. Examples from product and communication policy are used to illustrate the process.
Keywords: sustainability marketing; corporate social responsibility (CSR); environmental analysis; strategic marketing; legal framework; REACH regulation; European chemical industry.
HOLISTIC WORKPLACE WELLBEING: CONSTRUCT, CIRCUMSTANCES, AND STRATEGIC SUSTAINABILITY CONSEQUENCES
by Maria Nathan
Abstract: Wellbeing is defined as peoples positive evaluation of their lives, including positive emotion, engagement, satisfaction, and meaning (Seligman, 2002). Individual wellbeing results from achievement of physical vitality, mental alacrity, social satisfaction, a sense of accomplishment, and personal fulfillment (Huseyin & Ioannidis, 2015).
Workplace wellbeing considers the aspects of overall wellbeing perceived to be determined primarily by work and that can be influenced by workplace intervention (Waddell & Burton, 2006). Because jobs and careers contribute quite a bit to worker wellbeing as a whole, employers assume a critical role in helping employees build healthy behaviors into their lives.
The purposes of this paper are to: (1) develop holistic aspects of wellbeing, including theoretical underpinnings, (2) explore workplace sources that contribute to holistic workplace wellbeing, but also un-wellbeing, and (3) examine workplace wellbeing strategic sustainability consequences for the firm.
Keywords: KEYWORDS: Healthy work environments; organizational strategic sustainability; respectful workplace cultures; employee wellbeing; workplace wellbeing; value on investment (VOI) and return on investment (ROI) for wellness programs; employee sustainability programs.rn.
Exploring the Impact of Healthcare Agility and Resilience on Sustainable Healthcare Performance: Moderating Role of Technology Orientation
by Santanu Mandal
Abstract: Agility and resilience are well known dynamic capabilities that aid supply chain (SC) firms to address customer requests and withstand disruptions in an adequate manner. Further studies also have acknowledged the performance implications of such dynamic capabilities. However, service SCs especially healthcare is yet to receive sufficient empirical attention. In this study, we explore the influence of healthcare agility and resilience on sustainable healthcare performance. Further, the conversion of agility and resilience to sustainable healthcare performance is contingent on technology and SC orientations of key healthcare SC firms. Hence, we explore the moderating role of technology and SC orientations. Perceptual responses were collected from 159 healthcare SC professionals through an online survey and were analyzed using partial least squares in SmartPLS 2.0.M3. Findings suggested healthcare agility and resilience to have a strong influence on sustainable healthcare performance. Further the moderating role of technology orientation was profound on agility performance linkage. The moderating role of SC orientation was also found significant on resilience performance linkage. Implications for managers were also provided.
Keywords: sustainability; supply chain; healthcare; performance; service industry.
Special Issue on: Sustainability Practices among Firms in Developing Countries Current Issues and Practices
The Roles of Uncertainty Avoidance and Strategic Agility in Cloud Storage Adoption among Multinational Manufacturing Companies in Malaysia
by Vivegananthan Supramaniam, Ai Ping Teoh
Abstract: Cloud technology adoption is becoming a key sustainable Information Technology (IT) strategy for companies in developing countries with an investment potential of US$900 million by 2020. This study examined the antecedents and outcome of cloud storage adoption among multinational manufacturing companies (MNCs) in Malaysia. A total of 122 responses were collected and analysed with SmartPLS 3.2.7. Results show that relative advantage, top management support, technology readiness, cost saving and stakeholder pressure significantly influence cloud storage adoption; while uncertainty avoidance moderates the relationship between technology readiness and adoption. Interestingly, cloud storage adoption impacts firm performance while strategic agility enhances this relationship. This study provides a new perspective by examining the influence of national culture and strategic agility in the context of cloud storage adoption and its outcome among MNCs in Malaysia. In conclusion, this study contributes holistic and meaningful insights to IT practitioners and researchers in adopting cloud technology as a sustainable IT strategy.
Keywords: Cloud Storage; Cloud Computing; Technology-Organisation-Environment; Culture; Strategic Agility; Firm Performance; Multinational; Manufacturing; Malaysia.
How Green Marketing Mix Strategies affects The Firms Performance: A Malaysian Perspective
by Goh Wan Har, Goh Yen Nee, Shaizatulaqma Kamalul Ariffin, Yashar Salamzadeh
Abstract: According to great importance of environmental issues in different aspects of business Green approaches are a must in the current business environment given the importance of environmental issues in different aspects of business activities on one hand and the environmental effects of electrical and electronics (E&E) manufacturing firms on the other hand. Green marketing strategies are one of the main green approaches in manufacturing industry. These strategies influence environmental outcomes and firm performance in different levels. This study aims to investigate the effects of green marketing mix program on firm performance. A cross-sectional approach using a survey was conducted in E&E manufacturing firms in Malaysia under the Federation of Malaysian Manufacturers (FMM) 2014. We gathered 121 questionnaires from marketing managers or business development managers in this industry. We studied the impacts of the different dimensions of green marketing mix, such as green product, green price, green place, and green promotion, on firm performance using a stakeholdertheory-based conceptual model. The research findings show that green product, green price, and green promotion significantly influence firm performance in E&E manufacturing firms in Malaysia. This study sheds new knowledge for the said firms to enable them to understand the importance of going green in mitigating the environmental impacts of their activities besides improving their performance through the green approach.
Keywords: Firm performance; green marketing mix; green product; green price; green place; green promotion; Malaysia; Electrical and Electronics manufacturing firms.
Green supply chain management: Impact on environmental performance and firm competitiveness
by Cheng Ling Tan, Suhaiza Hanim Mohamad Zailani, Sieow Chin Tan, Sook Fern Yeo
Abstract: Unrestrained industrialization resulting in environmental pollution has mobilized the unstinting endeavours of scientist, researchers, policy makers and ecologist in a quest to rapidly unearth solutions to mitigate further environmental deterioration. One promising ongoing development is green supply chain management (GSCM), which promises a reduction of pollution and waste in manufacturing. GSCM achieves this through the mechanism of improving manufacturing efficiency, by reducing costs, enhancing product quality and improving product delivery. This study applies the Natural Resource-Based View and quantitatively examines the impact of the implementation of GSCM on firm environmental performance, and firm competitiveness. Data was collected from 122 sampled firms, analysed, and evaluated in two ways. Firstly, using Partial Least Squared-Structured Equation Modelling (PLS-SEM), results indicate that green procurement, and green supplier and customer collaboration, have a significant positive relationship with both firm environmental performance, and, firm competitiveness. Secondly, using Importance-Performance Matrix (IPMA) analysis, both green procurement and green supplier and customer collaboration are mapped in the high in importance/ high-performance quadrant. The practical recommendations are for organizations to prioritize efforts and resources towards green procurement and green supplier and customer collaboration in order to maximize the return on green investment.
Keywords: green supply chain management; green procurement; green production; firm environmental performance; firm competitiveness; the manufacturing firm; green supplier and customer collaboration.
Firms sustainable practice research in developing countries: Mapping the cited literature by Bibliometric analysis approach
by N. Norfarah, S. Mohd-Ali, A.K. Siti-Nabiha, Ale Ebrahim Nader
Abstract: This paper reports a review on firms sustainable practice (SP) using Bibliometric analysis approach. The objectives of this review are to discuss on the key research focus of SP literature in developing countries based on highly cited (authors, countries, articles and journals) and to determine the emerging areas of interests. The data is extracted from Scopus indexed database yielding 1,564 documents of which only 414 (26%) cited literatures were from developing countries. The analysis shows that Green Supply Chain Management (GSCM) is the main category of research that appears consistently and frequently. The highest contributing countries is China (163 articles), India (93 articles) and Malaysia (40 articles). The highest cited author is Srivastava S.K. from India (1350 citation, published year 2007). The most influential researchers are Sarkis J. (31 publications) and Zhu Q. (22 publications). The most frequent avenue for publication for GSCM research is the Journal of Cleaner Production.
Keywords: Green supply chain management; Bibliometric; developing countries; Top cited papers; Publication trends.
Is a risk management committee essential in moderating the relationship between corporate governance and sustainability disclosure?
by Yuvaraj Ganesan, Vigneswary Poongan, Hasnah Haron
Abstract: This study investigates the impact of corporate governance (CG) (Board Size, CEO Duality, Women on Board, Director Experience and Board Independence) on Sustainability Disclosure (SD) and the moderating role of a Risk Management Committee (RMC) in the relationship between CG and SD. As the Malaysian Code of Corporate Governance (MCCG) strongly suggests to all publicly listed companies in Bursa Malaysia that they have a RMC to achieve corporate excellence. This study utilised a cross-sectional research design whereby the data was collected from the 2016 annual reports of 120 companies. The results indicate that there is empirical evidence that board size and board independence does have impact on SD while CEO duality, women on boards and director experience do not have any influence. Furthermore, this study fails to show evidence of a moderating role of RMC. The findings may guide the relevant government agencies such Bursa Malaysia, the Securities Commission Malaysia and others in developing appropriate plans, best practices and regulations for business environments.
Keywords: Board Characteristics; Corporate Governance; Sustainability Disclosure; Risk Management; CSR Disclosure.
Corporate board diversity, corporate social responsibility and financial performance: the case of Malaysian public listed companies
by Shy Yng Cheong, Fathyah Hashim
Abstract: This study attempts to examine the relationship between board diversity and financial performance with the mediating effect of corporate social responsibility (CSR). A total of 101 companies from different sectors, excluding the financial sector are listed in the Main Market of Bursa Malaysia was selected as a sample. This study used secondary data which was extracted from the annual report of the financial year ending in 2016. The results showed that board diversity is significantly related to CSR, followed by financial performance. In particular, board education diversity is found to have a positive and significant relationship with CSR. Meanwhile, board ethnicity diversity is found to be significant but negatively related to CSR. This study can bring awareness of the important and positive roles of CSR towards financial performance as a mediator to firms in Malaysia.
Keywords: board diversity; corporate social responsibility; financial performance; Malaysia.
Transformational Leadership style and Social Responsibility of employees in Economic Corporations, A Study on Sarmayeh Bank of Iran
by Yashar Salamzadeh, Maryam Kianmanesh, Taghi Vahidi
Abstract: In our dynamic era, observing the social responsibility has became an essence for each organization. In addition, some researchers believe that observing social responsibility by the corporations is one of the perquisites of gaining profits, since today customers are very sensitive to ethical issues. The current study aims to examine a conceptual model relating to the association between the transformational leadership style and social responsibility of the employees in Sarmayeh Bank. This organization has 400 employees and our sample size is 196. Second generation statistical tools are utilized for data analysis. Based upon the research findings, all four dimensions of transformational leadership style have significant and positive impact 0n employees' CSR activities. This study reveals the importance of the relationship between leadership style and employees' social responsibility; meanwhile, using this research's results, managers will be able to formulate suitable strategies for developing social responsibility by acquiring a dynamic approach to their leadership style.
Keywords: Social Responsibility; Legal Responsibility; Ethical responsibility; Humanitarian Responsibility; Economic Responsibility; Transformational Leadership; Ideal Influence; Mental Persuasion; Initiative Motivation; Individual Considerations.
Managing Stakeholders Demands through Environmental Management Accounting: The Case of Seaports
by Stephanie Phang, A.K. Siti-Nabiha, Dayana Jalaludin
Abstract: This paper explores the required environmental information according to relevant stakeholders and how this requirement influences environmental management accounting (EMA) practices. By comparing and contrasting empirical evidence collected from in-depth interviews with several key relevant personnel from two seaports, this paper identifies two high salient stakeholders, namely the government agency and foreign co-owner where each of them had demanded detail information of scheduled waste production, and energy and fuel consumption (including carbon emission). Both seaports are found to adopt the EMA framework to assist environmental data collection. The energy and fuel consumption and carbon emission are intensively monitored while not much attention is given on water usage given the absence of definitive stakeholder on water management. Once the cost-savings potential of the information was realised, the collected information are then widely used to enhance efficiency.
Keywords: environmental management accounting; stakeholder theory; legitimacy; seaports.
Antecedents and Outcomes of Climate Change Performance: An Investigation of Malaysian Businesses
by Say Keat Ooi, Jasmine A.L. Yeap, Simin Goh, Ze Lin Lai
Abstract: Climate change is an immense challenge for businesses. Lately, the results of the burgeoning nexus between organisational culture and corporate climate change performance and the latters links with business performance have remained elusive especially in developing countries such as Malaysia due to the lack of empirical research. Therefore, this study investigates the antecedents and outcomes of corporate climate change performance among Malaysian businesses. Results reveal the presence of a positive relationship between organisational culture and corporate climate change performance as well as the latters links with business performance. With that said, to reap the superior benefits of corporate climate change practices, this study emphasises the urgency for Malaysian organisations to comprehend their role on climate change performance before even embracing and adopting these practices to elevate the Malaysian economy and gain competitive advantages over other ASEAN countries.
Keywords: climate change performance; organisational culture; customer loyalty; employee commitment; business performance.
The Theory of Planned Behaviour and Transformational Leadership: An Examination on Corporate Philanthropy among SMEs in Malaysia.
by Sim Gaik Lan, Siti Rohaida Mohamed Zainal, Azlan Amran
Abstract: A wide body of knowledge concerning CSR has been acquired by integrating this strategy as the corporate strategy in large-scale organizations. However, CSR in SMEs has received relatively little attention despite their important role and contribution in building a nation. The data for Malaysia highlight that small and medium enterprises (SMEs) are the main driver of Malaysias economic growth. As a result, the SME Master plan 2012 2020 was launched to outline the strategic initiatives for SMEs toward achieving Malaysias goal of becoming a high-income nation by 2020. Therefore, this study examines the determinants of the corporate philanthropic decisions of SMEs. Ajzens theory of planned behavior (TPB) and Basss transformational leadership theory, which have been validated in many academic fields, provide the theoretical foundation for a further understanding of SMEs philanthropic behavior. Moral obligation and government incentives are also included to provide a more complete study. The study was carried out using 82 questionnaires answered by the top management of SMEs. The study found that perceived behavioral control from the TPB and charismatic leaders from transformational leadership are significantly associated with the propensity of SMEs to engage in philanthropic acts. Overall, this study offers new understanding concerning the determinant factors for the engagement of SMEs in corporate philanthropy.
Keywords: Transformational Leadership; Corporate Philanthropy; Theory of Planned Behaviour.