Environmental management accounting (EMA) practices guide a firm’s response to perceived environmental uncertainty (EU) and various institutional pressures (IP). Drawing upon institutional theory, this study explores the relative effects of institutional pressures and environmental uncertainty on the implementation of EMA, an environmental strategy (ES), and the resulting environmental performance (EP) of firms under the influence of top-management support (TMS) and perceived benefits (PB). Based on data collected from 243 firms operating in Suzhou, one of the busiest business hubs in China, this research used the structural equation modeling (SEM) technique. Findings reveal that environmental uncertainty exerts a stronger influence on the adoption of EMA practices than institutional pressures; however, the choice of a firm’s environmental strategy is more influenced by institutional pressures. Likewise, the serial-mediation effect of environmental strategy and EMA practices is observed to be the strongest in the case of coercive pressures, with some notable moderation effect for perceived benefits and top-management support. The study concludes with theoretical and managerial implications.

Digitisation has been the most debated topic in the corporate world over the last few decades, with many people wondering how it may be used to improve performance. This study discovers the connection between digitisation and monetary (financial) performance by categorising digitisation into three parts: adoption pace, adoption scope, and overall company digital orientation of 36 banks listed in PSX. Financial performance is calculated by Return on asset and return on equity. Moreover, the social media arena has evolved into a prevalent position for communication, networking, and information exchange. Many banks use these platforms to find marketing and commercial possibilities. In order to investigate Pakistani banks listed on the stock exchange of Pakistan, Stata software is employed. Despite the lack of statistical significance, the study discovers counterintuitive digitalisation trends that may damage Pakistan banks, depending on the digital channels employed. This has a variety of consequences for practitioners as well as prospects for future study. It also identifies alternative digitisation solutions for the financial sector.

This study focuses only on internal social and environmental aspects of corporate social responsibility as per general orders 2009 to define the CSR of a firm. Using the hand collected data of non-financial listed companies of Pakistan Stock Exchange from their annual reports from 2010 to 2015; this study finds that CSR is significantly positive impact on firm performance across all three proxies, while the relationship is stronger for Tobin Q as compared to return on assets and return on sales. It means that the firms those have higher levels of CSR disclosure tend to have higher market value because of overwhelm response from stakeholders, which not only improves the image of the company but also enhances client loyalty. Moreover, this study finds no significant difference in the findings of internal social and environmental disclosure, but the significant positive impact of internal social disclosure and environmental disclosure on firm performance suggests that Pakistani firms keep in mind agency as well as legitimacy theoretical prospects at the time of designing their CSR strategies.© 2020 The Author(s). This article is distributed under the terms of the license CC-BY 4.0., which permits any further distribution in any medium, provided the original work is properly cited.

As the world faces significant environmental and social challenges, businesses must start doing things sustainably. This systematic literature review aims to explore the dynamic landscape of sustainable business, analyzing emerging trends and confronting the challenges ahead. Drawing from a diverse range of 417 scholarly studies, the chapter outlines the evolution of sustainable business practices and identifies key contemporary trends, including circular economy models, technological integration, stakeholder engagement, and the emphasis on business models and ESG metrics. Moreover, it encourages a proactive stance in embracing change, innovation, and ethical considerations. This Study offers insights and strategies for navigating these challenges, promoting meaningful change, and having an impactful role in shaping a sustainable future for businesses and society.

The study examines the influence of intellectual capital on the relationship between agency costs and firm performance using a sample of Asian agricultural firms. The study uses value added intellectual coefficient (VAIC) as a proxy of intellectual capital, which is based on human capital efficiency, structural capital efficiency and employed physical capital efficiency. Using the data of 9 Asian economies, the findings suggest that intellectual capital, in general, neutralizes the negative effects of agency cost on firm performance. Further analysis reveals that human capital efficiency and capital employed efficiency mitigate while structural capital efficiency has no impact on the negative relationship between agency cost and firm performance. These findings are robust to several robust tests. Overall, the study contributes to the resource-based view of intellectual capital by documenting how firms might neutralize the negative relationship between agency cost and firm performance while emphasizing intellectual capital.