Climate change, primarily caused by human activities, poses a significant global challenge. Countries worldwide are integrating efforts to combat climate change through initiatives such as the Paris Agreement and setting targets to reach net-zero emissions by 2050. This paper explores the potential of artificial intelligence (AI) as a promising solution to address climate change, particularly through the analysis of mass data. AI can aid in environmental decision-making processes, optimize renewable energy use, and accelerate the global transition to a low-carbon economy. Using public data from the OECD, the study investigates the effectiveness of AI in promoting a low-carbon economy by examining its impact on greenhouse gas emissions, carbon footprint, investment in research and development, renewable energy production, and recycling rates. The findings suggest that AI has been considerably effective in supporting the growth of renewable energy and recycling while restraining gas emissions and carbon footprint. However, the study also identifies potential limitations, such as the carbon release from AI itself, and suggests further improvements to AI models.
{"title":"AI-Driven Solutions for a Low-Carbon Transition: Evaluating Effectiveness and Limitations in Climate Change Mitigation","authors":"Xinyi Huang","doi":"10.30560/jems.v7n2p15","DOIUrl":"https://doi.org/10.30560/jems.v7n2p15","url":null,"abstract":"Climate change, primarily caused by human activities, poses a significant global challenge. Countries worldwide are integrating efforts to combat climate change through initiatives such as the Paris Agreement and setting targets to reach net-zero emissions by 2050. This paper explores the potential of artificial intelligence (AI) as a promising solution to address climate change, particularly through the analysis of mass data. AI can aid in environmental decision-making processes, optimize renewable energy use, and accelerate the global transition to a low-carbon economy. Using public data from the OECD, the study investigates the effectiveness of AI in promoting a low-carbon economy by examining its impact on greenhouse gas emissions, carbon footprint, investment in research and development, renewable energy production, and recycling rates. The findings suggest that AI has been considerably effective in supporting the growth of renewable energy and recycling while restraining gas emissions and carbon footprint. However, the study also identifies potential limitations, such as the carbon release from AI itself, and suggests further improvements to AI models.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"30 33","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141004584","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Taking into consideration that the SACRE (system of increasing amortization in real terms), as originally instituted by Caixa Econômica Federal, is not financially consistent, an exact procedure, denoted as SACRE*, was proposed in de Faro and Lachtermacher (2022). An alternative version (SACRE-F) of this system was proposed by Forger (2010). The present paper submits a multiple contract version of SACRE-F. It is shown that, taking into due account the financial institution cost of capital, it is always better to implement the multiple contracts approach instead of the single contract option. An comparison between the both alternatives are detailed.
{"title":"An Alternative Multiple Contracts Version of the SACRE","authors":"Clovis de Faro, G. Lachtermacher","doi":"10.30560/jems.v6n2p19","DOIUrl":"https://doi.org/10.30560/jems.v6n2p19","url":null,"abstract":"Taking into consideration that the SACRE (system of increasing amortization in real terms), as originally instituted by Caixa Econômica Federal, is not financially consistent, an exact procedure, denoted as SACRE*, was proposed in de Faro and Lachtermacher (2022). An alternative version (SACRE-F) of this system was proposed by Forger (2010). The present paper submits a multiple contract version of SACRE-F. It is shown that, taking into due account the financial institution cost of capital, it is always better to implement the multiple contracts approach instead of the single contract option. An comparison between the both alternatives are detailed.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126605875","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The paper considers various aspects and approaches regarding the search for a system of differenrt representatives (SDR) of subsets of a finite set. Algorithm 3 has been developed, which is an algorithmization of the search process for SDR on the basis of Hall's theorem on the existence of SDR. Algorithms 1-5 for searching for partial and complete SDRs based on the technology for solving problems of the transport type, in particular, the algorithm associated with the construction of cycles, are given. SDR search algorithms can be used as auxiliary tools for solving combinatorial problems. It is also shown, conversely, that the search for SDR can be considered as a combinatorial optimization problem. Mathematics Subject Classification – MSC2020: 90-08, 90B06, 90C27
{"title":"Search Algorithms for a System of Different Representatives of Subsets of a Finite Set","authors":"D. Terzi","doi":"10.30560/jems.v6n2p11","DOIUrl":"https://doi.org/10.30560/jems.v6n2p11","url":null,"abstract":"The paper considers various aspects and approaches regarding the search for a system of differenrt representatives (SDR) of subsets of a finite set. Algorithm 3 has been developed, which is an algorithmization of the search process for SDR on the basis of Hall's theorem on the existence of SDR. Algorithms 1-5 for searching for partial and complete SDRs based on the technology for solving problems of the transport type, in particular, the algorithm associated with the construction of cycles, are given. SDR search algorithms can be used as auxiliary tools for solving combinatorial problems. It is also shown, conversely, that the search for SDR can be considered as a combinatorial optimization problem. \u0000Mathematics Subject Classification – MSC2020: 90-08, 90B06, 90C27","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131672640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of this study is to show empirical data regarding the growth of sustainability report research in Indonesia from 2009 to 2021.This study analyzed 44 articles from 21 nationally accredited journals in the Sinta 2 category. We used a charting the field approach by classifying articles based on research topic, method research, research population and external or internal factors that affect the sustainability report. The results of this study indicate that research topics discussing the linkages between financial performance and sustainability reporting in Indonesia have been extensively researched but still show inconsistencies in research results, so they need to be studied further. Furthermore, we also found that quantitative research methods, analytical research methods, public company populations and internal factors that influence sustainability reporting were the most tested by researchers.
{"title":"Development of Sustainability Report Research Tren in Indonesia","authors":"Rizky Yuniar Sururi, Evi Gantyowati","doi":"10.30560/jems.v6n2p1","DOIUrl":"https://doi.org/10.30560/jems.v6n2p1","url":null,"abstract":"The purpose of this study is to show empirical data regarding the growth of sustainability report research in Indonesia from 2009 to 2021.This study analyzed 44 articles from 21 nationally accredited journals in the Sinta 2 category. We used a charting the field approach by classifying articles based on research topic, method research, research population and external or internal factors that affect the sustainability report. The results of this study indicate that research topics discussing the linkages between financial performance and sustainability reporting in Indonesia have been extensively researched but still show inconsistencies in research results, so they need to be studied further. Furthermore, we also found that quantitative research methods, analytical research methods, public company populations and internal factors that influence sustainability reporting were the most tested by researchers.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130317570","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
I. Antwi, E. Attefah, Jonas Bawua, A. O. Nkwantabisa
Audit study on corporate governance and its influence on the corporate organisation is expanding exponentially. It has been undeniable after the 2007-2008 financial crisis and corporate scandals. This review provides an overview of the evolution of scholarly literature on the relationship between audit and corporate governance in peer-reviewed publications published between 2010 and 2020. The study has used a bibliometric technique to review 48 researched documents from the Scopus database. The review highlights document type, publication trend, journal types, influential authors, impactful papers, and keyword co-occurrence network through VOSviewer visualisation. In addition, the findings uncover new trends that have surfaced over the past few decades and suggest possible future lines of research. This study contributes to our understanding of audit in corporate governance studies by reviewing documents systematically using bibliometric techniques and VOSviewer analysis for the study period.
{"title":"Bibliometric Analysis Research on Audit Nexus in Corporate Governance","authors":"I. Antwi, E. Attefah, Jonas Bawua, A. O. Nkwantabisa","doi":"10.30560/jems.v6n1p21","DOIUrl":"https://doi.org/10.30560/jems.v6n1p21","url":null,"abstract":"Audit study on corporate governance and its influence on the corporate organisation is expanding exponentially. It has been undeniable after the 2007-2008 financial crisis and corporate scandals. This review provides an overview of the evolution of scholarly literature on the relationship between audit and corporate governance in peer-reviewed publications published between 2010 and 2020. The study has used a bibliometric technique to review 48 researched documents from the Scopus database. The review highlights document type, publication trend, journal types, influential authors, impactful papers, and keyword co-occurrence network through VOSviewer visualisation. In addition, the findings uncover new trends that have surfaced over the past few decades and suggest possible future lines of research. This study contributes to our understanding of audit in corporate governance studies by reviewing documents systematically using bibliometric techniques and VOSviewer analysis for the study period.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"96 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133365690","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Most research has explored ambidexterity at the organisational level and very limited research is available on individual ambidextrous behaviours. This research paper reviews the role of leaders’ regulatory focus in promoting individual ambidexterity in the form of creativity and safety. The main aim is to contribute to ambidexterity and self-regulatory literature by examining the role of leaders’ regulatory focus in managing ambidextrous behaviours. Ambidexterity is the ability to manage conflicting task demands, which poses a fundamental self-regulatory and motivational challenge in the process of pursuing different goals.
{"title":"The Role of Leaders’ Regulatory Focus Towards Creativity and Safety Ambidextrous Behavior. A Conceptual View","authors":"M. S. Alqahtani","doi":"10.30560/jems.v6n1p6","DOIUrl":"https://doi.org/10.30560/jems.v6n1p6","url":null,"abstract":"Most research has explored ambidexterity at the organisational level and very limited research is available on individual ambidextrous behaviours. This research paper reviews the role of leaders’ regulatory focus in promoting individual ambidexterity in the form of creativity and safety. The main aim is to contribute to ambidexterity and self-regulatory literature by examining the role of leaders’ regulatory focus in managing ambidextrous behaviours. Ambidexterity is the ability to manage conflicting task demands, which poses a fundamental self-regulatory and motivational challenge in the process of pursuing different goals.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132170424","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The aim of this research is to identify the most important benefits of using the Information technology in managing the warehouses. Knowing that the warehouse departments make use of the Warehouse management Systems (WMS) to manage their warehousing activities, but the system performs limited functions such as contacting the suppliers, as for the rest of operations such as knowing the amount of inventory, information regarding stock movement, knowing the arrival and departure schedules of trucks and many other functions etc., are performed by the warehousing staffs manually by using the papers in order to the record data. The study seeks to highlight the current use of IT in managing warehouse and identifying the shortcomings of WMS in managing warehouse. This paper will make use of literature review methodology, which will identify publications related to study highlighting the benefits of usage of information technology in managing the warehouse. The findings of the study will highlight the important benefits of using information technology in managing the Warehouses leading to more profits and efficiency for the organizations. The use of modern technology, such as big data in stock management improves the pace of work, if there is sufficient knowledge and skill when using these techniques.
{"title":"Identification of the Benefits of the Usage of Information Technology in Managing Warehouses in Supply Chain","authors":"Jouhara Al Habsi, A. Kalbani, Asad Ullah","doi":"10.30560/jems.v6n1p1","DOIUrl":"https://doi.org/10.30560/jems.v6n1p1","url":null,"abstract":"The aim of this research is to identify the most important benefits of using the Information technology in managing the warehouses. Knowing that the warehouse departments make use of the Warehouse management Systems (WMS) to manage their warehousing activities, but the system performs limited functions such as contacting the suppliers, as for the rest of operations such as knowing the amount of inventory, information regarding stock movement, knowing the arrival and departure schedules of trucks and many other functions etc., are performed by the warehousing staffs manually by using the papers in order to the record data. The study seeks to highlight the current use of IT in managing warehouse and identifying the shortcomings of WMS in managing warehouse. This paper will make use of literature review methodology, which will identify publications related to study highlighting the benefits of usage of information technology in managing the warehouse. The findings of the study will highlight the important benefits of using information technology in managing the Warehouses leading to more profits and efficiency for the organizations. The use of modern technology, such as big data in stock management improves the pace of work, if there is sufficient knowledge and skill when using these techniques.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"93 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130292427","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The paper examines the relationship between government and socio-economic development in South Africa. The analysis focuses on 1996-2020. Various estimations were undertaken, through the Autoregressive Distributed Lag (ARDL) model, to empirically examine the role of government in socio-economic development in South Africa. Because of the unit root that typically characterizes macroeconomic series, the unit root test using the Augmented Dick Fuller (ADF) test with constant, and trend was done. In addition, the ARDL bound tests were undertaken. The results confirm that government has an important role to play in the economy. However, results show that economic growth does not necessarily translate to socio-economic development although government spending does. In addition, results also confirm that institutions and educational spending are important for social and economic development. For instance, improvements in the quality of institutions increases the human development index. In the same vein, there is a strong positive correlation between increased socio-economic development and spending on education. Results show that the quality of institutions is important for both economic growth and socio-economic development. Overall, the findings support the view that governments should be active in facilitating social and economic development. This is more so in instances where economic performance weakens due to exogenous factors such as the coronavirus pandemic. It is worth highlighting that the baseline ARDL results show that the correlation between gross domestic product (GDP) and its prior values is statistically significant, indicating a meaningful relationship between GDP and socio-economic development.
本文考察了南非政府与社会经济发展之间的关系。分析的重点是1996-2020年。通过自回归分布滞后(ARDL)模型进行了各种估计，以经验检验政府在南非社会经济发展中的作用。由于单位根是宏观经济序列的典型特征，因此使用ADF (Augmented Dick Fuller)检验进行了单位根检验，该检验具有常数和趋势。此外，还进行了ARDL结合试验。研究结果证实，政府在经济中发挥着重要作用。然而，结果表明，经济增长不一定转化为社会经济发展，尽管政府支出可以。此外，研究结果还证实，制度和教育支出对社会和经济发展至关重要。例如，制度质量的提高提高了人类发展指数。同样，社会经济发展的增加与教育支出之间也存在着强烈的正相关关系。结果表明，制度质量对经济增长和社会经济发展都至关重要。总的来说，调查结果支持政府应该积极促进社会和经济发展的观点。在经济表现因冠状病毒大流行等外部因素而减弱的情况下，情况更是如此。值得强调的是，基线ARDL结果显示，国内生产总值(GDP)与其先前值之间的相关性在统计上显着，表明GDP与社会经济发展之间存在有意义的关系。
{"title":"Estimating the Role of Government in Socio-Economic Development in South Africa","authors":"V. Gumede","doi":"10.30560/jems.v5n2p34","DOIUrl":"https://doi.org/10.30560/jems.v5n2p34","url":null,"abstract":"The paper examines the relationship between government and socio-economic development in South Africa. The analysis focuses on 1996-2020. Various estimations were undertaken, through the Autoregressive Distributed Lag (ARDL) model, to empirically examine the role of government in socio-economic development in South Africa. Because of the unit root that typically characterizes macroeconomic series, the unit root test using the Augmented Dick Fuller (ADF) test with constant, and trend was done. In addition, the ARDL bound tests were undertaken. The results confirm that government has an important role to play in the economy. However, results show that economic growth does not necessarily translate to socio-economic development although government spending does. In addition, results also confirm that institutions and educational spending are important for social and economic development. For instance, improvements in the quality of institutions increases the human development index. In the same vein, there is a strong positive correlation between increased socio-economic development and spending on education. Results show that the quality of institutions is important for both economic growth and socio-economic development. Overall, the findings support the view that governments should be active in facilitating social and economic development. This is more so in instances where economic performance weakens due to exogenous factors such as the coronavirus pandemic. It is worth highlighting that the baseline ARDL results show that the correlation between gross domestic product (GDP) and its prior values is statistically significant, indicating a meaningful relationship between GDP and socio-economic development.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125389945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Industry 4.0 brings with it an increase in new forms and methods of work based on automation and digitization, which gradually threaten jobs in individual countries. Most studies published on this topic describe the expected proportion of jobs that are threatened with extinction. The aim of the presented study is to investigate the opportunities that the introduction of Industry 4.0 brings with it. The presented study calculates the share of jobs with a low risk of being threatened by automation in the Slovak Republic. This is a unique approach to researching the impact of innovation trends on the labor market, which identifies jobs that are difficult to replace by machines. The calculation of the share of jobs with a low risk of being threatened by automation is based on the connection of two data sources – National system of occupations (a description of the skills required for every job in the Slovak Republic) and Information system on the price of work (modern and effective national labour cost statistical survey focus on wage earnings, including the calculation of the number of employees in individual job positions). Of the total number of 2 million working people in the Slovak Republic, 24% will not be threatened by automation. These are jobs that require at least one of the following skills for their performance: creativity, organizing and planning work, the ability to make decisions and take responsibility, leadership skills, critical thinking and talent. Several authors investigating the issue of innovations and their effects on jobs define the above-mentioned skills as difficult to be replaced by machines. The findings presented in the paper create space for further discussion at the national level about which skills and competences will need to be supported in lifelong learning among employees in order to prevent the high rate of replacement of jobs by automation, which the OECD predicts for the Slovak Republic.
{"title":"Jobs not Threatened by Automation in the Future in the Slovak Republic","authors":"Andrea Horváthová, Michal Hrnčiar, E. Rievajová","doi":"10.30560/jems.v5n2p22","DOIUrl":"https://doi.org/10.30560/jems.v5n2p22","url":null,"abstract":"Industry 4.0 brings with it an increase in new forms and methods of work based on automation and digitization, which gradually threaten jobs in individual countries. Most studies published on this topic describe the expected proportion of jobs that are threatened with extinction. The aim of the presented study is to investigate the opportunities that the introduction of Industry 4.0 brings with it. \u0000The presented study calculates the share of jobs with a low risk of being threatened by automation in the Slovak Republic. This is a unique approach to researching the impact of innovation trends on the labor market, which identifies jobs that are difficult to replace by machines. The calculation of the share of jobs with a low risk of being threatened by automation is based on the connection of two data sources – National system of occupations (a description of the skills required for every job in the Slovak Republic) and Information system on the price of work (modern and effective national labour cost statistical survey focus on wage earnings, including the calculation of the number of employees in individual job positions). \u0000Of the total number of 2 million working people in the Slovak Republic, 24% will not be threatened by automation. These are jobs that require at least one of the following skills for their performance: creativity, organizing and planning work, the ability to make decisions and take responsibility, leadership skills, critical thinking and talent. Several authors investigating the issue of innovations and their effects on jobs define the above-mentioned skills as difficult to be replaced by machines. \u0000The findings presented in the paper create space for further discussion at the national level about which skills and competences will need to be supported in lifelong learning among employees in order to prevent the high rate of replacement of jobs by automation, which the OECD predicts for the Slovak Republic.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"200 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116154155","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Carbon risks and corporate social responsibility have emerged as top priorities in the global climate change agenda, leading shareholders to exert greater pressure on corporations to adopt environmental, social and governance (ESG) practices and policymakers to consider regulatory actions on carbon disclosures. Proponents stress that ESG strategies will improve financial performance, while detractors focus on their large upfront costs. The literature is inconclusive in part because it has focused predominantly on the environmental pillar alone, or ESG as a combined strategy without clearly delineating how social and governance strategies also affect corporate profitability. Distinguishing between the three pillars of ESG, this paper finds that each of these strategies individually as well as jointly are positively associated with corporate profitability. The findings are robust to firm-level controls for size and access to capital markets, as well as macroeconomic variables, and unobserved country and year fixed effects that may reflect differences in tax jurisdictions and disclosure stringency.
{"title":"Corporate Sustainable Practices and Profitability – Compatible?","authors":"M. Das","doi":"10.30560/jems.v5n2p13","DOIUrl":"https://doi.org/10.30560/jems.v5n2p13","url":null,"abstract":"Carbon risks and corporate social responsibility have emerged as top priorities in the global climate change agenda, leading shareholders to exert greater pressure on corporations to adopt environmental, social and governance (ESG) practices and policymakers to consider regulatory actions on carbon disclosures. Proponents stress that ESG strategies will improve financial performance, while detractors focus on their large upfront costs. The literature is inconclusive in part because it has focused predominantly on the environmental pillar alone, or ESG as a combined strategy without clearly delineating how social and governance strategies also affect corporate profitability. Distinguishing between the three pillars of ESG, this paper finds that each of these strategies individually as well as jointly are positively associated with corporate profitability. The findings are robust to firm-level controls for size and access to capital markets, as well as macroeconomic variables, and unobserved country and year fixed effects that may reflect differences in tax jurisdictions and disclosure stringency.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"176 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114251731","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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