The concepts of environmental and business sustainability are well-established in the business lexicon of progressive firms. However, firms are yet to examine the effects of environmental management practices (EMPs) on environmental performance (EP) and financial performance (FP) by connecting the missing linkage of environment, social, and governance disclosure (ESGD). This study analyses the impact of EMPs on EP and FP and offers empirical evidence of whether ESGD mediates the relationship between EP and FP of firms in Malaysia. The data from 141 listed firms on Bursa Malaysia was extracted between 2009-2020. The data was analyzed using data envelopment analysis (DEA) and the generalized method of moments (GMM) technique. The findings reflect that EMPs have a significant positive effect on EP and all five proxies of EP have a significant positive effect on ESGD (except 'S') and FP. Also, ESGD together with its three proxies mediates the relationship between EP and FP. The findings of this research offer an empirical rationale for regulators and policymakers of industrial firms to accelerate their EMPs and improve ESGD mechanisms for better environmental and financial outcomes.

Purpose: Although corporate governance vis-à-vis Shariah governance (SG) has remained a cornerstone of research in Islamic financial institutions (IFIs), little is known about the themes covered by the plethora of studies conducted in this domain. Accordingly, this research aims to unpack the major themes covered in the literature on SG from 2007 to 2023 employing bibliometric analysis technique. Design/methodology/approach: The evaluation of 440 published articles in Scopus is done through different analytical tools i.e., Gephi, VOSviewer, and Scholarcy (artificial intelligence-based research tool) to decode publication trends, outlets, performance, authors, and themes. Findings: The findings elucidate the double-digit increase in the publication, Malaysia is the leading country, Journal of Islamic Accounting and Business Research is the most popular publication outlet, and the International Islamic University (IIUM) is the spearhead institution on SG research. Our results further reveal that SG research broadly covers four main topics; significance of SG, fundamental ingredients of effective SG, impact of SG on IFIs, and latent issues in SG. Originality/novelty: This study contributes to strengthening the governance and management system of IFIs by identifying the novel research avenues.

Capital budgeting, particularly sophisticated decisions, is key to the financial performance and risk management of firms, yet academic studies have documented their relationship inconsistently. This study employs the fundamentals of resource-based view (RBV) and agency theories to investigate the impact of sophisticated capital budgeting decisions on financial performance and risk management of the firms of two different sizes, classified as small and medium enterprises (SMEs) and multinational corporations (MNCs). The empirical data of 590 Indonesian firms from between 2014 and 2023 were obtained and analyzed through the Generalized Method of Moments (GMM) technique. The results show that the usage of sophisticated capital budgeting decisions in investment appraisals of classified firms significantly improves their financial performance. Further analyses confirm that although sophisticated capital budgeting decisions are robust in resolving solvency issues, they appear less effective in reducing liquidity risks. The findings also elucidate that sampled firms may realize the financial benefits of sophisticated risk management. The mediation results highlighted that risk management has a significant and positive effect on the relationship between sophisticated capital budgeting decisions and financial performance. The present study contributes to corporate finance by validating the relevance of SCBDs in strategic financial planning and stable investments in firms of different sizes.

University-Industry Research Collaboration (UIRC) is an essential, effective and dynamic factor not only for development of social community but also for the development of the nation. Despite the enormous importance of this research collaboration, there have been certain issues still remain in this domain. Several articles have been published to deal with the factors affecting this collaboration and to make the collaboration successful. However, the discussion about the concept of evaluation and its potential application to this collaboration has been excluded from the mainstream literature. In this study, we focused on the evaluation scheme to assess the strength or weaknesses of the collaboration. The contributions of this study are in threefold. First, it recognizes the highly influential constraints, evaluation parameters, success criteria and tangible outcomes of UIRC that are the core demand of the evaluation process. Second, it develops an evaluation model that illustrates the comprehensive review of Malaysian UIRC. Third, it provides a robust set of evaluation metrics that is responsible to evaluate the strength not only Malaysian UIRC but also any research collaboration between university and industry. This evaluation metrics can be utilized in term of checklist by simply following the set of generated evaluation metrics to check the strength and weaknesses of the collaboration. As far as, we aware of, this is the first time an extensive contribution is attempted in this area of research.