ABSTRACT Within today's globalised business sectors, where the demand for socially responsible practices is high, understanding the importance of social sustainability is pivotal. However, the social sustainability dimension has received scarce attention, especially in the context of emerging market firms. Based on stakeholder theory, this study investigates how internal and external social initiatives enhance geographic internationalisation in the context of emerging market firms. The study also examines the moderating influence of CSR reporting and the CSR committees on that relationship. The research uses panel data drawn from the LSEG Workspace database from 2016 to 2022, covering 370 firms from 21 emerging economies. This research helps to further clarify the significance of how internal and external social initiatives impact emerging market firms' internationalisation approaches and assists in developing further understanding among managers and policymakers regarding the need for both transparent disclosures and effective committees to convert external and internal social initiatives into a comparative strategic advantage in international and diverse markets.

ABSTRACT This study empirically investigates how green revenue generation influences corporate sustainability performance within European Union firms. Using a panel dataset of 4727 firm‐year observations from 682 listed companies (2013–2023), the analysis focuses on how revenues from environmentally sustainable products and services enhance ESG outcomes. Employing fixed effects and system‐GMM regression models, the study addresses endogeneity and unobserved heterogeneity. The findings reveal that green revenue has a strong positive association with overall ESG scores, especially when internal organizational factors such as human rights, workforce quality, management practices, and product responsibility are robust. Notably, human rights and effective management amplify the green revenue–sustainability link, while workforce and product responsibility show stronger moderating effects on the social dimension. In governance outcomes, management quality plays a pivotal role. Theoretically, the study integrates stakeholder theory, the resource‐based view, and dynamic capabilities to explain how external green strategies must be aligned with internal strengths. For policymakers, the results highlight the value of supporting corporate green initiatives with governance reforms. For managers, the study underscores that leveraging green revenue alone is insufficient; embedding strong internal practices ensures maximized ESG impact and long‐term sustainable value creation.

ABSTRACT This study examines the relationship between environmental, social, and governance (ESG) performance and the financial performance of companies in Southeast Asia. It investigates each pillar of ESG (E, S, and G) and the overall ESG score to provide more comprehensive results through the lens of stakeholder and legitimacy theory. The study employs panel data analysis to examine the dataset of Southeast Asia's listed companies from 2018 to 2022, comprising 660 firm‐year observations. To test the data, this study employs a panel regression technique, where the fixed‐effects model (FEM) is the best approach for estimating the model specifications. The findings reveal that the Environmental, Social, and Governance pillar has a positive and significant influence on financial performance, as measured by Tobin's Q. On the other hand, the study documents that a higher overall ESG score can have a dramatic negative impact on financial performance. According to these findings, this study suggests that companies' managers should focus on certain pillars of ESG if they want to reap the benefits in the short term.

ABSTRACT This study investigated how environmental corporate social responsibility (CSR), the norm activation model (NAM), and anticipated emotions collectively shape attachment‐aversion (AA) relationships and pro‐brand behavioral intentions in the hotel sector. Focusing specifically on the environmental dimension of CSR—given its growing relevance to sustainability and consumer expectations in hospitality—the study employed fuzzy‐set qualitative comparative analysis (fsQCA) to identify how combinations of environmental CSR initiatives (e.g., conservation efforts), NAM components (e.g., problem awareness), and emotions (e.g., pride) influence customer behavior. The findings revealed that high pro‐brand behavioral intentions arise from particular configurations of these factors, while other combinations are linked to aversion. By addressing the interplay among these variables and emphasizing the environmental aspect of CSR, this research provides actionable insights for optimizing sustainable hotel management and enhancing customer‐brand relationships.

ABSTRACT This study explores the evolving role of strategic marketing orientations in addressing contemporary societal challenges. While traditional orientations focus primarily on consumer needs or firm‐centric objectives, emerging pressures for sustainability and social responsibility demand a broader conceptualization of value orientation. Drawing qualitative data from 32 interviews with managers, employees, consumers, and stakeholders, this research examines how marketing strategies can integrate individual and collective value propositions. The findings reveal key premises and mechanisms for aligning consumer interests with societal well‐being, contributing to the theoretical discourse on value orientation. As a synthesis of these insights, we propose Consumer–Society Value Orientation (CSVO) as an emergent conceptual orientation that integrates consumer and societal value within marketing strategy. This study seeks to advance theory by positioning CSVO as a conceptual lens for future research on strategic marketing orientations that reconcile profitability with social impact.

ABSTRACT This study investigates the influence of board gender diversity on firm performance, focusing on age diversity, doctoral‐level qualifications, economic academic backgrounds, and the presence of three or more female directors. Drawing on agency theory, the knowledge‐based view, and critical mass theory, the research examines whether these characteristics improve market‐based (Tobin's Q ) and accounting‐based (ROA) measures of firm performance. Using panel data of Malaysian listed firms from 2018 to 2021, regression models and robustness checks were employed to test the proposed hypotheses. The findings reveal that age diversity negatively affects both market and financial performance, indicating potential generational conflicts on boards. Conversely, female directors with PhDs positively influence profitability, consistent with the knowledge‐based view. Directors with an economic background enhance market valuation but show limited effects on profitability, while the presence of at least three female directors significantly improves performance, supporting critical mass theory. These results highlight that the benefits of diversity depend not only on representation but also on expertise and meaningful participation. The study contributes to the literature by integrating multiple theoretical perspectives and offering empirical evidence from Malaysia, a developing economy with evolving governance practices. Furthermore, the study aligns with the United Nations Sustainable Development Goals (SDGs), particularly SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth), SDG 10 (Reduced Inequalities), and SDG 16 (Peace, Justice, and Strong Institutions), by emphasizing the role of gender‐diverse boards in promoting inclusive, equitable, and sustainable governance. Future research should expand to cross‐country analyses and explore the moderating effects of institutional and cultural contexts. Policy implications suggest that corporate governance reforms should prioritize the inclusion of highly qualified women with relevant expertise to maximize board effectiveness.

ABSTRACT This study examines how Islamic banks conceptualize and implement diversity management within their broader frameworks of corporate responsibility and ethical governance. Drawing on a mixed bibliometric and content analysis of most capitalized Islamic banks, findings reveal a governance and risk‐based sustainability model that aligns with, yet reinterprets, Western corporate social responsibility theory. The dual‐board system, integrating a Sharia Supervisory Board, embeds ethical accountability into managerial and financial decision‐making, transforming moral principles into enforceable governance mechanisms. While Islamic banks excel in transparency, climate risk integration, and social redistribution through zakat and charitable funds, they remain weak in identity‐based diversity indicators such as gender representation, pay equity, and inclusion metrics. The research concludes that Islamic finance can advance from compliance‐based ethics to a transformative inclusion paradigm by integrating measurable diversity targets within Sharia‐compatible governance structures, enhancing innovation, legitimacy, and long‐term sustainable value creation.

ABSTRACT Sustainable corporate governance, which integrates environmental, social, and governance principles and sustainable development goals into corporate decision‐making processes, has increasingly been recognized as a vital component of long‐term business success. Although sustainable corporate governance (SCG) practices are widely believed to be positively associated with higher firm value, often accompanied by lower risk exposure, enhanced innovation capability, and stronger stakeholder relationships, existing empirical evidence remains mixed, particularly in emerging market contexts. This study examines the relationship between sustainable corporate governance and firm value using data from Chinese listed companies from 2014 to 2023. Results reveal a significant positive relationship between sustainable corporate governance and firm value. This study provides empirical evidence on the relationship between sustainable corporate governance and firm value within China's unique institutional context, thereby enriching the corporate governance literature. The findings also offer important implications for policymakers and practitioners, suggesting that companies pursuing economic performance while balancing environmental and social responsibilities are more likely to achieve superior long‐term outcomes.

ABSTRACT This study investigates the impact of board gender diversity on corporate engagement in the Science‐Based Targets initiative (SBTi). Drawing from stakeholder and resource dependence theories, we hypothesize that increased female representation on boards strengthens a firm's adherence to scientifically validated climate targets. Our research encompasses all capital market–oriented firms actively engaged in the SBTi from 2015 to 2023 in Europe and North America, complemented by a control group of firms with similar characteristics. We apply coarsened exact matching and instrumental variable probit models to control for potential endogeneity and ensure the robustness of our analysis. The results indicate a positive relationship between board gender diversity and SBTi engagement. This research enriches the growing body of literature on SBTi, underscoring the role of board gender diversity in enhancing corporate environmental responsibility and offering practical insights into how improved governance can advance sustainability strategies.

ABSTRACT This study examines how green training and green rewards influence environmental outcomes through the mediating roles of perceived organizational support and value congruence, with green leadership serving as a moderator. Using structural equation modeling with data from 437 hotel employees, the findings are explained through three theoretical lenses: resource‐based view, which demonstrates how green training creates competitive advantages; social exchange theory, which explains reciprocal organizational–employee environmental exchanges; and social identity theory, which illustrates how green leadership enhances environmental commitment. All proposed relationships were empirically confirmed, including the effects of green training and green rewards on perceived organizational support, value congruence, environmental performance, and pro‐environmental behavior. The results revealed significant moderating effects of green leadership on the POS–environmental performance linkage, which represents a key contribution of this study. The findings offer practical recommendations for hotel managers in developing countries to implement effective environmental strategies through integrated green human resource management practices.