The nexus of sustainability practices and financial performance: From the perspective of Islamic banking
ارتباط میان شیوه های پایداری و عملکرد مالی: از منظر بانکداری اسلامی-2019
This paper evaluated the nexus between sustainability practices and financial performance from the Islamic banking perspective. For the purpose, this study proposed a sustainability measurement framework for Islamic banking. A decade of sustainability data 2008e2017 was collected from the annual reports using a weighted content analysis technique. Results of the Generalized Method of Moments GMM statistical method showed that sustainability practices have a significant positive association with the financial performance indicators of the Islamic banks indicating management and the shareholders perspective. The impact of sustainability practices on the financial performance of the Islamic banks measured from the market perspective was found insignificant. In-depth analysis revealed that the market is not interested in banks spending for its environmental and social sustainability except for their economic sustainability practices. Based on the Islamic financial index created of management, shareholders and the market financial performance indicators, the results showed that sustainability practices have a significant positive association with the Islamic financial index as well. The finding generally implies that improvement in sustainability practices will add financial values to the management, shareholder and the market financial performance indicators of the Islamic banking industry across the world. Results of this study are also providing insights to the policymakers of the Islamic banking industry around the world regarding efficient sustainability management, achieving higher sustainability ratings, and improving the subsequent financial performance through efficient sustainability practices
Keywords: Sustainability practices | Financial performance | Islamic banking | Endogeneity
Four forces of supply chain social sustainability adoption in emerging economies
چهار نیروی پذیرش ماندگاری اجتماعی زنجیره تامین در اقتصادهای نوظهور-2018
Despite the growing stakeholder awareness on social sustainability issues, little is known about what influences firms to adopt social sustainability in their supply chain management practices and the benefits gained from such efforts. This is especially true for emerging economies in Asia and Southwestern Europe, where the social norms differ significantly. Building on stakeholders and institutional perspectives, we address the issue by exploring how pressures from customers, sustainability culture, government, and external stakeholders act as primary constituents of the firm in determining the extent to which firm consider supply chain social sustainability adoption in emerging economies. Further, we explore how such social sustainability adoption relates to the firm suppliers social performance, the buyers operational performance and the buying firms social reputation. We test the hypothesized model empirically using data from 244 Indian and 126 Portuguese firms. Our results are consistent with the hypothesized model; all factors show significant influence and positive links with the firms benefits.
keywords: Social sustainability |Emerging economy |Sustainability |Institutional mechanisms |Structural equation modeling
Supply chain social sustainability: Standard adoption practices in Portuguese manufacturing firms
ماندگاری اجتماعی زنجیره تامین: روشهای استفاده استاندارد در شرکتهای ساخت پرتغالی-2018
Firms are increasingly under pressure to incorporate social sustainability practices into their operations and supply chain management strategies. The purpose of this research is to develop a taxonomy of the supply chain social sustainability (SCSS) practices adopted by firms. The methodology involves two steps. First, the taxonomy is built based on literature review. Second, our empirical analysis, using non-financial (sustainability) reports with a sample of 55 listed companies, identifies standard adoption practices. We used content analysis software to unearth the influential words in the sustainability reports from different industries, sizes, and geographical regions. The content analysis reveals three different themes that provide a snapshot of how Portuguese firms integrate social sustainability into their supply chain and operations. Firms emphasize diverse facets of social sustainability practices in upstream and downstream supply chain based on different industries. The results assume significance and provide unique insights on adoption practices to supply chain practitioners who otherwise have no information on what constitutes supply chain social sustainability in this region.
keywords: Supply chain social sustainability |Content analysis |Social sustainability |Sustainability reporting
Economic environment and health care coverage: Analysis of social acceptance of access restrictive policies applied in Spain in the context of economic crisis
محیط زیست اقتصادی و پوشش مراقبت های بهداشتی: تجزیه و تحلیل پذیرش اجتماعی سیاست های محدود کننده دسترسی که در زمینه بحران اقتصادی در اسپانیا اعمال می شود-2018
The strongest economic crisis ever known, started in 2008, destroyed much of the social achievements. Although the European Union had to deal with this situation by designing common policies, the member states have handled this crisis in many different ways. Nevertheless, not all the countries had the same possibilities for manage their economic policies inside a common currency area. These states involved in the EuroZone have faced some restrictions due to their belonging to a currency area, so they have had to design alternative economic policies to the monetary one. The main objective of this paper is to assess the acceptance of the restrictive policies on public health expenses due to economic crisis and the implemented economic policy, from the point of view of citizens. This paper hypothesized that this acceptance or not depends on citizens perception of adequate use of the public health care system. A survey was conducted among the main social actors involved on healthcare system: the general popu lation and health professionals. And for testing the hypotheses a means comparison (t-test and ANOVA) and Structural Equation Modeling (SEM) has been developed using data from that survey. Outcomes from those econometric exercises show a general disagreement with the cuts in health expenses, but in a level very related with citizen’s perceptions of overuse of public health services.
Keywords: Economic crisis ، Social sustainability ، Health policy ، Inequality ، Poverty ، Structural equations model
A participatory sustainability assessment for integrated watershed management in urban China
ارزیابی پایداری مشارکتی برای حوضه یکپارچه مدیریت در شهر چینی-2018
This paper introduces a participatory framework for Sustainability Assessment (SA) for urban Integrated Watershed Management (IWM). The framework is applied to the Lihu Lake Basin (Wuxi City), where between 2002 and 2012 an IWM program was implemented, coordinating water environmental management measures with urban planning. The framework for SA introduced in this paper is based on a Multi-Criteria-Decision Analysis (MCDA) approach integrating criteria of environmental, economic, and social sustainability. Local stakeholders were engaged in focus group discussions (FGDs) to validate and weigh criteria and attributes employed in the SA framework. Results of the model application indicate that the programme implemented in the Lihu Basin yielded positive results in enhancing environmental conditions, providing more sustainable avenues of environmental management funding, and fostering economic growth. Despite efforts put forward by local authorities, performance of social indicators was comparatively worse, due to relocation policies, increase in housing prices, and scarce public participation. Results show that decision makers pursued viability, rather than comprehensive sustainability.
Keywords: Water management ، Urban renewal ، Sustainability ، Assessment ، MCDA ، China
Perception of small tourism enterprises in Lao PDR regarding social sustainability under the influence of social network
برداشت شرکتهای کوچک گردشگری در PDR لائوس درباره ماندگاری اجتماعی تحت تاثیر شبکه های اجتماعی-2018
This paper uses a generalized structural equation model (GSEM) to examine the relationships between a social network, the perception of social sustainability, and the future business intentions of small tourism enterprises, in the context of a developing country, Lao PDR. The data were derived from 177 such enterprises located in two destinations in 2016. Initiatives in building social networks and the provision of training and employment of local residents are identified as the key determinants of success in social sustainability, while specific attempts to create brands congruent with local culture are also important. Undifferentiated policies, while useful to the business expansion of small tourism enterprises, are less successful in generating local social sustainability.
keywords: Small tourism enterprises |Social network |Social sustainability |Perception |Generalized structural equation model |Lao PDR
Sustainable supply chain management in the digitalisation era: The impact of Automated Guided Vehicles
مدیریت زنجیره تامین پایدار در دوران دیجیتالیزاسیون: تاثیر وسایل نقلیه راهنمایی خودکار-2017
Internationalization of markets and climate change introduce multifaceted challenges for modern supply chain (SC) management in the todays digitalisation era. On the other hand, Automated Guided Vehicle (AGV) systems have reached an age of maturity that allows for their utilization towards tackling dynamic market conditions and aligning SC management focus with sustainability considerations. However, extant research only myopically tackles the sustainability potential of AGVs, focusing more on addressing network optimization problems and less on developing integrated and systematic methodological ap proaches for promoting economic, environmental and social sustainability. To that end, the present study provides a critical taxonomy of key decisions for facilitating the adoption of AGV systems into SC design and planning, as these are mapped on the relevant strategic, tactical and operational levels of the natural hierarchy. We then propose the Sustainable Supply Chain Cube (S2C2), a conceptual tool that integrates sustainable SC management with the proposed hierarchical decision-making framework for AGVs. Market opportunities and the potential of integrating AGVs into a SC context with the use of the S2C2 tool are further discussed.
Keywords:Automated Guided Vehicles |Sustainable supply chain management| Literature taxonomy| Decision-making framework |Sustainable Supply Chain Cube (S2C2) tool
The social side of sustainability: Well-being as a driver and an outcome of social relationships and interactions on social networking sites
بخش اجتماعی پایداری: رفاه به عنوان راننده و نتیجه روابط اجتماعی و تعاملات در سایت های شبکه های اجتماعی-2017
Although social sustainability involves processes that promote well-being, it is often neglected in the sustain ability debate. Social networking sites (SNSs) such as Facebook are now pervasive venues for constant inter personal communication and interaction, as well as general social connectedness. The debate between cyber optimists and cyberpessimists about the implications of SNS use for well-being persists. The present study adopts a social sustainability perspective and seeks to further elucidate two competing hypotheses; thus, subjective well-being is included as a driver and an outcome of SNS use and social network characteristics. We conducted a survey of 678 Facebook users across various age categories and then applied a two-step approach to analyze the data. The results reveal that although the structural parameters seem to widely support the social enhancement hypothesis, a more differentiated analysis shows that highly extraverted individuals spend more time on Facebook when they are unhappy. Furthermore, the more time that such extraverts spend on Facebook, the more they believe that it improves their overall well-being. This finding is further supported by our identification of a four-class structure in which a clear distinction of users emerges based on age, gender, and extraversion.
Keywords: Social sustainability | Social networking sites | Facebook | Subjective well-being | Social enhancement hypothesis | Social compensation hypothesis
Syntheses of sustainable supply networks with a new composite criterion – Sustainability profit
سنتز از شبکه های تامین پایدار با یک معیار کامپوزیت جدید - سود پایدار-2017
This study proposes a new concept and a new metric for multi-criteria evaluation of sustainable systems. The new metric, termed “sustainability profit”, is composed of economic, environmental and social indi cators. Since all of these are expressed by monetary terms, the different criteria are now merged, and a multi-objective optimization problem can be reduced to a single-objective one. The new concept for mea suring sustainability is based on micro-economic (company’s viewpoint) and on wider macro-economic perspectives (combined government’s and company’s viewpoint). The concept and metric presented are illustrated by three examples of supply networks including a large-scale biorefinery supply network. The obtained results give the insights into sustainable technologies from the overall sustainability viewpoint, and also evaluate the stimulations from governments in the form of subsidies and taxes for deployment of (un-)sustainable systems. The results also indicate that this metric provides good compromise solutions between economic, environmental and social pillars of sustainability.
Keywords: Sustainability profit | Economic | Environmental and social sustainability | Multi-objective optimization | Composite criterion | Macro- and microeconomic perspectives | Supply network
Not made in China: Integration of social sustainability into strategy at Nudie Jeans Co
در چین ساخته نشده است: ادغام پایداری اجتماعی به استراتژی در Nudie Jeans Co-2016
Sustainability concerns have increasingly moved up the corporate agenda, and corporate managers and academics alike stress the need to integrate sustainability into corporate strategy to both create competitive advantages and mitigate sustainability problems. Despite numerous conceptual studies of how sustainability should be integrated in strategy, there are few detailed empirical studies of actual corporate attempts to integrate sustainability into strategy. In this paper, we start to ﬁll this gap based on a study of how the Swedish SME Nudie Jeans Co address worker rights in global value chain by only sourcing from democratic countries with acceptable working conditions. We show that integration of social sustainability into strategy in global value chains is likely to be an emergent process that involves political considerations, traceability and trade-offs in product development. In doing this, we provide a starting point for future empirically grounded research into sustainability and strategy.ã 2015 Elsevier Ltd. All rights reserved.
Keywords: China | Emergent strategy | Global value chains | Political CSR | Private regulation | SME | Sustainability | Sweden