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International Journal of Innovation and Sustainable Development

International Journal of Innovation and Sustainable Development (IJISD)

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International Journal of Innovation and Sustainable Development (30 papers in press)

Special Issue on: ARTEM OCC 2020 Sustainability Multidisciplinary Creativity, Innovation and Sustainability in the Age of Disruptions

  •   Free full-text access Open AccessEntrepreneurial self-efficacy development: an effective intervention for sustainable student entrepreneurial intentions
    ( Free Full-text Access ) CC-BY-NC-ND
    by Olusegun Matthew Awotunde, Thea Van Der Westhuizen 
    Abstract: Eco-systemic disconnect in youth entrepreneurs' support systems is a challenge in most developing countries and adversely affects the success of entrepreneurship education. The study investigated the extent to which the application of systemic action learning and action research (SALAR) affects students' entrepreneurial self-efficacy (ESE) and determined relationships between ESE development, entrepreneurial intention and action. A quantitative design was used with a structured, self-administered, 7-point Likert scale survey through a test-retest method, over nine months amongst university students at a selected university in South-Africa. A purposive (non-probability) sampling technique was adopted for the administration of 230 questionnaires. Inferential statistics were used to examine the relationship between the constructs. Findings indicated a significant relationship between the application of SALAR and students' ESE development, intention and action. The findings propose a flexible social technology model (SHAPE) and methodology (SALAR) that other higher education institutions can adapt to facilitate youth entrepreneurship education development.
    Keywords: entrepreneurship education; action learning; action research; SHAPE; shifting hope activating potential entrepreneurship; entrepreneurial self-efficacy; entrepreneurial intention; entrepreneurial action; entrepreneurial mindset; entrepreneurial eco-systems.
    DOI: 10.1504/IJISD.2021.10039219
  •   Free full-text access Open AccessLaytime and demurrage implications in voyage charterparties for chemical tankers
    ( Free Full-text Access ) CC-BY-NC-ND
    by Christine Padayachee, Micheline Juliana Naude 
    Abstract: Maritime transportation is one of the worst offenders for air, water pollution, and greenhouse gas emissions (GHG). Reducing the emissions in shipping is a common goal for all stakeholders involved in the shipping process. The purpose of this paper was to explore the implications of the laytime and demurrage provisions when using existing charterparties and to suggest how the areas where charterers are exposed to demurrage can be addressed and thus improve sustainability. A comparative analysis was conducted on selected standard voyage charterparties. The findings revealed various areas that do not protect a charterer's interest. It is proposed that in order to solve this challenge a global group consisting of stakeholders be formed to collectively design laytime and demurrage clauses in order to achieve greater sustainability and reduce demurrage. A revised charterparty form for the transportation of chemical liquid bulk chemicals by tankers could then be created.
    Keywords: laytime; demurrage; voyage charterparties; chemical tankers; maritime; sustainability; sustainable shipping.
    DOI: 10.1504/IJISD.2021.10039448

Regular Issues

  • Teaching sustainable energy systems to engineering students   Order a copy of this article
    by Giorgio Locatelli 
    Abstract: This paper presents the learning outcomes, syllabus, delivery, and assessment strategy for a module of Sustainable energy systems for master-level engineering students. The paper is based on three stages of action research. The first stage is a critical reflection on the planning and the process, based on the experience in delivering the original module and literature review. The second stage is based on semi-structured interviews of 4th-year students, focused on the collection of feedback to improve the module. The third stage is the redesign and peer-review of the module. The key outcome of this work is an approach which further enables students to move from surface learning to a more profound deep learning. Further steps forward toward a true constructivism are also envisaged. Several enhancements are discussed, including an improved syllabus, new methods of delivery, fine-tuning of the learning outcomes, and finally revisiting the assessment strategy.
    Keywords: sustainability; energy systems; deep learning; constructivism; energy projects; energy project; energy infrastructure.
    DOI: 10.1504/IJISD.2021.10037293
  • Reconceptualizing Ecological Fiscal Transfers to Sustainable Development Perspective   Order a copy of this article
    by Felipe De Paulo, Ivo Pedrosa, Pedro Camões 
    Abstract: Ecological fiscal transfers (EFTs) is a policy schema that uses ecological indicators to allocate revenues to local governments. Such intergovernmental fiscal transfers are also suited to address social policies, such as the protection of indigenous land and the reduction of infant and child mortality rates. This study offers a new conceptualization of EFT to achieve sustainable local development that brings together economic, ecological, and social perspectives. Framed on the theories of environmental federalism, fiscal federalism, and public policy, this paper unfolds the concept of sustainable fiscal transfers (SFTs) rather than the more conventional EFTs. SFTs expand the potential of the ecological fiscal transfer to other policies, functioning as a policy tool to reach goals in social, economic and environmental policies at the local level. In order to illustrate this new conceptualization, it describes the SFTs as a Brazilian state policy.
    Keywords: Ecological Fiscal Transfers; Sustainable Fiscal Transfers; Sustainable Development; Fiscal Federalism; Brazil.

  • A study on individualistic and collectivist factors inducing career choice of management students in India   Order a copy of this article
    by Navneet Gera, Noopur Saxena 
    Abstract: The study intends to find out the order of importance for factors that influence the career choice of students undergoing management course in India. The effect of individualistic factors as well as collectivist factors on students decisions regarding career choice is analysed, along with the study of cultural values and career orientation. 120 management students who were from their first year, from management institutes in India were surveyed through a self-designed questionnaire. The findings of factor analysis suggest that individualistic capabilities consisting of skill competencies play key role in setting the direction for career choice. The next preference is students own family members and social network and equally important is the role of institutional mentors in shaping their career. Finally, they look forward to the status and salary. The study recommends the need of training for faculty providing career guidance, to direct the youngsters undergoing management course.
    Keywords: careers; career guidance; management students; choice; individualistic factors; collectivist factors; career orientation.
    DOI: 10.1504/IJISD.2020.10033113
  • Health risk assessment of heavy metals in earthen pond raised African catfish (Clarias gariepinus) in Lagos State, Nigeria   Order a copy of this article
    by A.M. Akinsorotan, J.O. Jimoh, B.P. Omobepade, I.C. Adene, J.B. Olasunkanmi 
    Abstract: Health risks of heavy metals in earthen pond raised African catfish were assessed in Lagos State, Nigeria. The indices were determined using atomic absorption spectrometer, health quotient (HQ), health risk index, and total health quotient. Results indicated that most concentrations of the heavy metals detected in catfish in the study areas were within acceptable limits except for Fe and Mn. HQ estimated for all the heavy metals were equally below 1 for all the age categories. The HQ estimated for children in Alimosho was the highest among the population while the least HQ was recorded for adults and teenagers in Badagry respectively. The highest total health quotient was recorded among children in Ibeju-Lekki while the lowest was estimated for adults in Alimosho. This implies that the cumulative effect of all the metals in catfish raised in Lagos, Nigeria cannot create any carcinogenic risk in humans.
    Keywords: African catfish; heavy metal; health quotient; health risk index; Lagos; Nigeria.
    DOI: 10.1504/IJISD.2021.10039441
  • Life Satisfaction Model of Intention to Contribute in Sustainability: Through the Lenses of Servant Leadership Theory   Order a copy of this article
    by Rinki Dahiya 
    Abstract: The responsibility of a sustainable tomorrow lies on the shoulders of teachers. Recognizing its importance, the present study aims to develop and test a life satisfaction model of intention to contribute in sustainability through the lenses of servant leadership theory. The sample consists of 263 full-time permanent teachers working in selected Government Technical Institutes/Universities of India. The data was analyzed with structural equation modelling. The findings reveal that benevolence, interpersonal forgiveness and affect significantly contribute toward enhanced life satisfaction which in turn influence the intention to contribute in sustainability. There is a partial mediating effect of interpersonal forgiveness on the link between benevolence and life satisfaction. The present study emphasizes that counselling services in universities may develop and implement psycho-educational training programs focusing on benevolence, forgiveness, affect balance and life satisfaction to develop intentions to contribute toward sustainability.
    Keywords: Benevolence; interpersonal forgiveness; positive affect; negative affect; life satisfaction; intention to contribute in sustainability; servant leadership theory.

  • Barriers to the adoption of sustainable standards by consumer goods companies: a conceptual model   Order a copy of this article
    by Denise Dalmarco, Kavita Hamza 
    Abstract: Sustainable standards are a potential way to leverage sustainable production, but there are several barriers to their adoption on a larger scale. Several of these barriers are already known, but to date, no study has sought to consolidate them. To fill this gap, we conducted fifteen interviews with Brazilian managers of consumer goods companies, certification/standardization bodies, and suppliers of raw materials. The analysis resulted in a consolidated table of barriers and a conceptual model that establishes the relationships between different stakeholders and the respective barriers. We found that consumer goods companies face barriers that are mainly related to their relationships with suppliers and standardization bodies, in addition to internal issues. Our study contributes to a better understanding of how the corporate environment takes into account sustainable standards and can be useful to distinct stakeholders.
    Keywords: Sustainable supply chain management; marketing management; sustainable labels; voluntary sustainability standards and labels (VSSLs); barriers; stakeholders.

    by Wolfgang Gerstlberger, Alex Pedrosa, Uwe Cantner, Tobias Kesting 
    Abstract: Municipalities are more and more facing economic and technological challenges to prepare themselves and their regions to be supplied completely or to a high degree with renewable energy. Thus, municipalities seek for opportunities to stimulate activities that contribute to this transition process. The main goal of this research is to identify factors that enhance innovation activities in municipalities for the renewable energy transition process. To accomplish this aim we conducted a municipality survey in spring 2012. The survey covered all municipalities in Germany with more than 1,000 inhabitants. The overall results of our study demonstrate that a combination of the resource pool and willingness to cooperate drives the transition process in terms of innovation activities in municipalities. Further regional learning mediates this relation. Our findings contribute to the literature by clarifying the factors in municipal projects that positively relate to innovation activities of municipalities in the transition process towards renewable energy.
    Keywords: Renewable energy; transition process; municipalities; innovation activities; regional learning; survey.

  • Social sustainability as a consequence of corporate social innovation practices: highlighting the main factors at private companies   Order a copy of this article
    by Luana Folchini Da Costa, Fabiano Larentis, Mayron Dalla Santa De Carvalho 
    Abstract: This paper explores and describes corporate social innovation (CSI) and its relationship with social sustainability (SS) through a multiple case study, in which social practices carried out by for-profit organisations are analysed. We have highlighted the factors of social innovation considered as a basis to verify the existence of CSI processes: objectives and motivations, social actors, implementation process and results. CSI has been evidenced as a prerequisite to achieve SS objectives and it should be intrinsic to the business model without resulting in loss of profitability and competitiveness. CSI can be both a result and a condition when business models and operations are considered.
    Keywords: CSI; corporate social innovation; social sustainability; private companies; multiple case studies; corporate sustainability; sustainable development.
    DOI: 10.1504/IJISD.2021.10034761
  • To elicit youth preferences for travel packages: A conjoint approach   Order a copy of this article
    by Vikas Nath, Mayur Taneja, Noopur Saxena 
    Abstract: Tourism sector is growing magnificently. The best way for the travellers to explore a destination is through travel packages. Since the young generation are frequent traveller, an attempt has been made to investigate the effect of various tour package attributes on younger generation willingness to purchase the tour package. The paper examined factors namely, payment preference, budget, days, destination, mode of transport and motivation to purchase, in influencing youth preference towards various travel packages in Delhi/NCR region. 180 respondents were surveyed. Conjoint analysis has been applied to examine the importance that youth attached to different factors and to various attributes within different factors. The finding of this study recognized the perfect combination of attributes that should be offered to the customers in order to satisfy them. This will help the marketers to offer the best deal which will attract the customers and also maximize customer retention.
    Keywords: Travel packages; Conjoint analysis; Young Generation; All-Inclusive package.

  • Sustainable organisational performance through lean implementation regimen emanating from product innovation factors: a study in Indian context   Order a copy of this article
    by Protik Basu, Sanyka Banerjee, Bhaskar Bhowmick, Pranab K. Dan 
    Abstract: This research paper is a study on sustainable organisational performance through application and implementation regimen of lean manufacturing (LM). This work explores the impact of Product Innovation (PI) factors in LM implementation. For an effective LM mission, it is essential to focus on the pre-manufacturing phase which is the PI stage. The impact of LM on sustainable organisational performance, conceived as satisfaction of customer and that of internal objectives, can be realised if the issues are addressed at the PI stage. Based on literature survey, a structural framework is conceptualised, followed by design of the questionnaire, sampling, data collation and validation of the proposed model by an empirical research in the Indian manufacturing sector. The results of the structural model reveal that three out of four PI factors significantly affect LM implementation that has a positive impact on customer satisfaction and fulfilment of internal objectives, thus achieving sustainable organisational performance.
    Keywords: lean manufacturing; product innovation; lean constructs; lean benefits; lean implementation; structural equation modelling; sustainable organisational performance.
    DOI: 10.1504/IJISD.2021.10038037
  • Innovative green employees: The drivers of corporate eco-innovation?   Order a copy of this article
    by Marc Schmidt-Keilich, Anke Buhl, Elisabeth Süßbauer 
    Abstract: Previous studies have increasingly referred to the green employee as a promising resource for eco-innovation. However, as the concept was only vaguely defined until recently, empirical research is missing. Thus, this paper explores innovative green employees and their potential for eco-innovation, based on interview data from four green German companies of a small to medium size. We find that such employees mainly contribute to corporate eco-innovation by generating and discussing pro-environmental ideas. In our sample, these ideas mainly revolve around fostering eco-friendly consumption at the workplace. Further, our results suggest that innovative green employees contribute to corporate greening by transforming the values and behaviors of colleagues as environmental role-models and opinion leaders. To this end, they draw on their environmental knowledge, professional and private networks, authenticity and credibility as well as on the dialogue culture present in their company.
    Keywords: Eco-innovation; employee innovation; green employee; environmental green behavior; corporate greening.

  • How Industrial Symbiosis Emerges through Partnerships: Actors, Platforms, and Stakeholder Processes Leading to Collaborative Business Models in Port Industrial Areas   Order a copy of this article
    by Lucia Mortensen, Louise Kringelum, Allan Næs Gjerding 
    Abstract: The present paper explores how industrial symbiosis emergence unfolds within port industrial areas. A multiple case study shows how industrial symbiosis emerges through partnering and stakeholder processes that take the form of collaborative business models. Focusing on actors, platforms for collaboration, and content of stakeholder processes, the study identifies drivers for industrial symbiosis emergence, including the importance of geographical proximity and ag-glomeration, which identify port industrial areas as natural habitats for industrial symbiosis. A defining characteristic of industrial symbiosis emergence within port industrial areas is the collec-tive effort of actors to bridge economic, environmental, and social objectives across private and public sectors. Finally, the paper suggests that future research on industrial symbiosis and the emergence thereof within port industrial areas may benefit from insights into corporate social responsibility and the emerging field of servitization.
    Keywords: Industrial symbiosis; industrial symbiosis emergence; partnerships; sustainability; port indus-trial areas; collaborative business models.

  • Evaluation of food technologies across supply chain actors A systematic review of explanatory models.   Order a copy of this article
    by Carolin Kamrath, Joshua Wesana, Hans De Steur, Xavier Gellynck, Stefanie Bröring 
    Abstract: Acceptance of novel technologies along the food supply chain is essential for technology-based innovations to be effective in tackling global challenges such as food security. In order to obtain insights and identify research gaps in the context of food technology evaluation research, this study conducts a systematic review of the extant research landscape. Our focus is thus placed on empirical studies that utilized established explanatory models to explain the factors and mechanics that underlie the evaluation of novel food technologies by chain actors. Out of 183 primary studies included from 1991 to 2017, a majority was conducted in developed countries, versus only 23% in developing countries. Further, most studies of food technology evaluation have looked at genetically modified food, with consumers being the most common stakeholder considered. Regarding the models, Theory of Planned Behaviour and Protection Motivation Theory were by far the most frequently applied explanatory models. Our results highlight the need for research on the evaluation of novel food technologies by non-consumer actors for a holistic understanding across the supply chain as well as to give greater attention to developing settings.
    Keywords: Evaluation; acceptance; adoption; explanatory models; theory of planned behaviour; TPB; protection motivation theory; PMT; food technology; food chain actors; farmer; processor; consumer; systematic review.

  • Diffusion of corporate sustainability in the ski industry   Order a copy of this article
    by Pavlina McGrady, Susan L. Golicic, Stuart P. Cottrell 
    Abstract: Business faces increasing environmental, social, economic, and institutional challenges and is uniquely positioned to greatly impact the continued development of sustainability. This paper examines the impact of external stakeholders and the internal organisation as predictors of corporate sustainability in the production of services. A corporate sustainability framework was tested using an online survey based on Diffusion of Innovation and prism of sustainability (PoS) theories with employees representing major Colorado ski resorts. Results show that internal firm innovativeness impacts corporate sustainability. While external stakeholder characteristics also influence corporate sustainability, the impact is much lower than and partially mediated by that of the firm. The framework, not previously applied in business services research, demonstrates the role of the institution as a sustainability dimension and positions the implementation of sustainability in the service industry as an innovation.
    Keywords: sustainability; corporate; PoS; prism of sustainability; prism; innovativeness; innovation; ski; industry.
    DOI: 10.1504/IJISD.2021.10039449
  • The North-South Divide in Business Leaders' Moral Sentiment: A Problem for Global Sustainability?   Order a copy of this article
    by David Coldwell 
    Abstract: A North-South divide exists in terms of the correct balance between socio-economic and political behavior that emphasizes ecocentric, environmentally conservationist policies over anthropocentric policies that favor economic growth and the provision of basic human needs, whether they are environmentally friendly or not. However, in addition to the North- South ecocentric/anthropocentric divide, there are key differences in moral values. The North, broadly speaking being more individualistic in orientation and the South, particularly Africa, being more communalistic in orientation. The paper describes the development of a theoretical model of anthropocentric and ecocentric orientation that takes account of both the North South divide in leader moral sentiment and extant pressures for economic development vis a vis environmental preservation. The paper uses secondary data to highlight differences of moral sentiment between the North and the South and analyses these aspects with the use of an exploratory model of ecocentric and anthropocentric orientations.rn rn
    Keywords: North-South divide; climate;anthropocenteric; ecocentric; moral sentiment. sustainability.

  • Integrating innovation and sustainability into tour operator business   Order a copy of this article
    by Salmi Mohd Isa, Maisarah Abd Hamid, Shaian Kiumarsi, Amar Hisham Jaaffar 
    Abstract: A considerable amount of attention has been paid to the sustainable development of the tourism industry and yet research on the role of tour operator has remained limited. The tour operator has important roles in destination management for sustainable tourism. Given that the empirical study of destination management for sustainable tourism is in an undeveloped state, this research describes efforts to prove its mediator role between perceived innovation characteristics and business sustainable orientation towards tour operator roles. Based on a study among 228 tour operator roles in Malaysia, the analyses reveal that sustainable destination management enhances a positive relationship with perceived innovation characteristics and sustainable business orientation on tour operator roles. In this regard, it is proposed that the perceived innovation characteristics and sustainable business orientation, as well as the destination management, are manifestation of sustainable development that influence tour operator to perform their role more sustainable in tourism industry.
    Keywords: perceived innovation; sustainable business orientation; sustainable destination management; tour operator roles; sustainable tourism; Malaysia.
    DOI: 10.1504/IJISD.2021.10034895

Special Issue on: EDaSS VII Knowledge and Sustainability Reflections to Achieve Balanced Societies

  • Analysis of social, environmental and economic sustainability core: a bibliometric overview   Order a copy of this article
    by Núria Bautista-Puig, Elba Mauleón, Elías Sanz Casado 
    Abstract: Sustainability has become a global concern in the 21st century. However, sustainability is an ambivalent concept that can be interpreted in many ways. In the beginning, it was environmentally-related. Later, however, it was linked to social or economic sustainability, which was known as the 'triple bottom-line' or the 'three-pillar model' (social/economic and environmental sustainability). Later, additional dimensions were incorporated, such as institutional, cultural, or even spatial. As a result of the growth and importance of sustainability, this study provides a comprehensive overview of the core of sustainability. With that aim in mind, we will analyse the following aspects of scientific production: volume of scientific output, primary agents involved (countries, institutions), web of science (WoS) categories, collaborations, acknowledgement patterns, and thematic analysis. The findings in this paper suggest an increasing growth in scientific output in all areas of sustainability, albeit with different patterns (e.g., collaboration, specialisation) among the three pillars.
    Keywords: environmental sustainability; social sustainability; economic sustainability; sustainability core; bibliometric indicators; sustainability research; research for sustainable development; scientometrics.
    DOI: 10.1504/IJISD.2020.10026529
  • Detecting trends in sustainability publications: research development and dynamics in "Green and sustainable science and technology" category   Order a copy of this article
    by Andrés Pandiella-Dominique, Núria Bautista-Puig, Daniela De Filippo 
    Abstract: Although the sustainability movement began to take shape in the early nineteen seventies, it was not until 1987 with the publication of the Brundtland Report that it acquired institutional recognition. The academic community's engagement with the movement came a few years later in the form of sustainability science, which developed and consolidated in keeping with the dynamics of any new scientific discipline. This review analyses its development based on the papers listed in the web of science (WoS) category 'Green and sustainable science and technology'. The bibliometric methodology used included social network and multivariate analysis focusing on journal, discipline and subject inter-relationships to map and analyse developments in this new field. The main findings identified four clusters of journals with different patterns of development: sustainability, renewable energies, green chemistry and green ecology. Mainstream and emerging subjects were determined on the grounds of co-word analysis.
    Keywords: green and sustainable science and technology; science mapping; sustainability science; emerging trends; scientometrics; bibliometric analysis; publication trends.
    DOI: 10.1504/IJISD.2021.10040776
  • Sustainable business model innovation and ethics: a conceptual review from the institutional theory addressing (un)sustainability   Order a copy of this article
    by Alberto Peralta, Laura Gismera 
    Abstract: Being this a period when human activities and creations profoundly alter many geological conditions and processes, here we conceptualise how the sustainable innovation of business models acts as yet another lever for the dissemination of human misbehaviours against the planet and its ecosystems. Departing from the Institutional Theory approach to entrepreneurship and sustainability, we identified institutional and ethical standards and norms that allow a better understanding of the institutional logic behind sustainable business model (SBM) innovation, how it is formed and its consequences in terms of inequity, oppression and exclusion. We have linked those standards with 12 constructs that can guide further empirical analyses; incubators, trainers, investors and policy makers could use them to support entrepreneurs avoid planet challenges and enhance human and non-human ecosystems.
    Keywords: SBMs; sustainable innovation; sustainable business models; institutions; values; ethics; anthropocene; entrepreneurship; ecosystems; inequity; exclusion; planet boundaries.
    DOI: 10.1504/IJISD.2020.10025149
  • The influence of media exposure and trust on youth attitude towards greener Tainan   Order a copy of this article
    by Tamer Z. Fouad, Chia-Hua Chang, Yu-Chuan Huang 
    Abstract: Urban pollution is getting catastrophic in Asia-Pacific (APAC), especially for industrial countries like Taiwan. This paper tries to explore and assess the role of media and trust in promoting green attitude in Tainan. This quantitative pilot study with structured questionnaires is based on 81 valid responses from local and foreign students in four major universities in Tainan. The results exhibit that correlations do exist between green media exposure and trust, and, trust and attitude. However, correlation between media exposure and attitude is not validated. Therefore, this paper has proved that trust is a mediator between media and attitude. It is also shown that young adults in Tainan could be affected by green media to have more trust toward green products, which in turns can positively affect green attitude. Although this research has limitations, its novelty can still be treated as a guiding preliminary study and contribute to future research.
    Keywords: green marketing and advertising; sustainability; Taiwan; green technology adoption; EFA; exploratory factor analysis; stepwise regression; environmental reform.
    DOI: 10.1504/IJISD.2021.10035871
  • What is the public opinion about universities and sustainability? a social media analysis among 'Spain' and across the world   Order a copy of this article
    by Cecilia Elizabeth Bayas Aldaz, David Duran-Rodas, Leyla Angélica Sandoval Hamón 
    Abstract: This exploratory study aims to identify, to cluster, and to set an emotional value of the content of tweets including 'university' and sustainability-related terms in Spain in comparison to the rest of the world. For six months, in Spain, 2370 tweets were collected and 53,567 tweets in the rest of the world (English language). To carry out this research, sentiment and topic clustering analyses were applied. The results present key factors that involve the environment, research, and innovation through the role of universities in communities. The outcome also adds an entrepreneurship vision and practical implication of academic knowledge in industries. The conclusions of the present study can be useful to evidence the contribution of universities in their pursuit of a sustainable environment. Our findings will also define important questions to be addressed through the main mission of universities as part of an innovative process of answering new challenges.
    Keywords: Twitter; sustainability; social media; university; sentiment analysis; text mining; public opinion; environment.
    DOI: 10.1504/IJISD.2020.10030037

Special Issue on: ICSGR 2020 Achieving Sustainability through Corporate Social Responsibility

  • Ownership pattern and firm performance: corporate governance in Indian firms   Order a copy of this article
    by Daman Jeet 
    Abstract: Firms are defined by a set-up of associations that represent contractual provisions for financing, capital structure, managerial ownership and recompense. It has been observed from business history that these relationships have disagreements but virtually every party has alleged to the overall objective of good performance of the business. Previous studies have investigated the relationship among various parties within a firm and the impact on performance through agency theory as this theory leads to separation of ownership and control. But the results of previous studies are rather mixed due to disparity in measures of ownership and performance. This study looks for examining performance under different and detailed list of ownerships and composition of board. Using panel data an attempt was made to study the association between ownership pattern and firm performance for all the major industries listed on BSE 500 index.
    Keywords: corporate governance; ROA; ROE; Tobin’s Q; BSE.
    DOI: 10.1504/IJISD.2021.10038931
  • DYNAMICS OF INDIAN STOCK MARKET VOLATILITY   Order a copy of this article
    by Isha Narula 
    Abstract: The market volatility is one of the most pioneering topics in financial literature. If any potential investor understands the pattern of volatility, the prediction becomes easier and bagging profits becomes convenient. It has been observed that whenever a new piece of information hit the market, investors react in their own respective ways. Given piece of information may or may not be that useful for the prediction purposes. So, this research study is basically focusing on budgetary announcements and their impact on market sentiments and investment behaviour. The present study however, concentrated on volatility clustering before and after the event.
    Keywords: market volatility; efficiency; volatility clustering.

  • Green HRM: A Medium of Social Responsibility and Sustainable Development.   Order a copy of this article
    by Nikita Agrawal, Ruby Bansal 
    Abstract: The key aim of the research is to explore the green human resource management practices in India and to detect the challenges encountered in this context. The research was conducted in two stages namely, through review of literature and then through case study technique in which information was collected from manufacturing organizations as manufacturing sector largely employs natural resources, affecting both social responsibility and sustainability. On analysis the functions of HRM have been specified in the process format along with detailed division of GRM practices. The study brings out major GHRM practices and explains the challenges with measures to overcome them. It thus presents the role of function of HRM towards creating an organization which is green as well as the green HRM practices current trends to ensure social responsibility and sustainability.
    Keywords: Green Human Resource Management.

  • Impact of Learning through Live Projects on Sustainable Employability Generation - Checking Moderating Role of Education; an Empirical Study   Order a copy of this article
    by Dr. Madhu Arora, Abha Gupta 
    Abstract: Purpose: The study will explore the influence of insights or skills developed by doing live projects like developing professionalism, communicating effectively, social accountability and accounting, self-management, analyzing data and using technology on the Sustainable employability trait of the student. Also the moderating effect of the educational qualification on the stated relationship will be explored. The study uses the sample of 454 students from all over the country and performs Structural Equation Modeling to assess the links between learning from doing live projects like like developing professionalism, communicating effectively, social accountability and accounting, self-management, analyzing data and using technology and Sustainable employability. The study finds a significant relationship between live projects and employability. Learning from doing live projects increases the chance of employment for the students. i.e. developing professionalism, communicating effectively, social accountability and accounting, self-management, analyzing data and using technology influence the employability of the student in a statically significant manner. Research limitations /Implications: The study is done with a sample of 454 students focusing only on employability generation. Other factors like leadership quality, teamwork experience, high morale etc have been ignored and can be studied in future researches. Practical Implications: The findings of the study suggest managers/top management of the organization that there is a need to improve the quality of live projects offered to students as live projects directly influence the employability. It also provides insights to the management institutes to motivate their students to undertake more and more live projects. This will generate more employment opportunities to the students and will provide more choices to the students for starting their professional career. Originality: This study contributes in the domain of live projects and suggested live projects as major antecedent for employability generation among students The study establishes the link between learning from live projects and employability along with moderating effect of educational qualification.
    Keywords: Live Projects; Sustainable; Employability; Educational Qualification.

    by Swati Puri 
    Abstract: Minimal is known about the causal impact of financial literacy training on improved financial outcomes. This is due to minimal research being carried out in this regard. This may be attributed to the fact that evaluating the impact of financial education is a daunting task. However, the few studies that have been conducted in different parts of the world indicate that financial literacy programmes can make a difference. It has also been highlighted by few authors that financial literacy i.e. the knowledge regarding money, is linked to sustainable financial behavior of individuals. The present study is thus an attempt to measure the level of financial literacy of retail investors in Delhi and to identify whether there is any significant difference in financial literacy scores of those who attended financial literacy/awareness training/programme and those who did not attend any financial literacy/awareness training/programme. The data has been collected from 350 retail investors approximately half who have attended Financial Literacy Training Programme organized by SEBI or any other such institution and others who have not attended any such programme. The statistical analysis made through Cramers V and students t-test reveals that the mean financial literacy score of those who have attended financial literacy programmes is significantly different from those who have not attended any training.
    Keywords: Financial Literacy; Financial Outcomes; Retail investors; SEBI; Training Programmes.

  • Natural convergence of sustainability, governance and responsibility: a case study on CIAL: Indias Green Port   Order a copy of this article
    by Filomina P. George 
    Abstract: Sustainability is a comprehensive approach in the management of the organisation. The adoption of social responsibility and good governance as the underlying philosophy of business can lead to sustainable growth. Sustainability evolves through the transformation of the organisation by the creation of long-term value through innovation in response to the challenges encountered that impact the economic, social and environmental setting. The integrative nature of sustainability with corporate social responsibility (CSR), Environmental care and good Governance ensures safeguarding the triple bottom line that leads to sustainable growth as a natural course. This study illustrates how social responsibility, care for the environment and energy conservation emanate from good governance and innovation and how they form integral parts of the growth agenda at CIAL in its pursuit of sustainability.
    Keywords: CSR; corporate social responsibility; sustainability; governance; innovation; sustainable development goals; green initiatives; solarisation; Greenport; CIAL.
    DOI: 10.1504/IJISD.2021.10040087

Special Issue on: ICONIS 2020 Fuzzy Systems in Innovation Management and Sustainability

  • Environmental and socio-technical transitions in IBEX 35 companies: fsQCA analysis of the media representation of innovation and sustainability   Order a copy of this article
    by Fernando Castelló-Sirvent 
    Abstract: Socio-technical transitions and environmental transformation have an important reflection on the decisions of companies. The analysis of the reality refracted in public opinion is a proxy to the change in the management styles of large companies. This paper analysed the sustainability strategies of companies indexed in the IBEX 35. First, a semantic and contextual analysis of 424 news items published in the press for the 35 main Spanish companies during 2019 was carried out using T-LAB software. The Factiva database, owned by Down Jones and Company was used. Second, an fuzzy set qualitative comparative analysis (fsQCA) analysis was carried out to analyse the dissemination blueprints in international media of the green strategies of the IBEX 35 companies. Economic and media attributes were used to analyse the causal relationship. The results suggest the design and implementation of different strategies for the international media representation of business sustainability.
    Keywords: socio-technical transitions; strategy; fuzzy set; QCA; qualitative comparative analysis; fsQCA; fuzzy set qualitative comparative analysis; factiva; IBEX; IBEX 35; green strategies; media representation; fsQCA robustness; fsQCA robustness coefficient.
    DOI: 10.1504/IJISD.2021.10039762