Corporate Governance and Sustainability in Emerging Economies: A Systematic Literature Review

Fiza Bhateja ()
Additional contact information
Fiza Bhateja: Amity Business School, Amity University, Assistant Professor

A chapter in Proceedings of the Sustainability in Emerging Economies - Integrating Business Excellence in Management Education (SEE-IBEME-2024), 2025, pp 57-81 from Springer

Abstract: Abstract The study systematically reviews literature on the relationship between corporate governance and corporate sustainability performance from 1992 to 2024 to explore how internal corporate governance mechanisms drive corporate sustainability. The review identifies sustainability development goals followed by firms as a key indicator and parameter having impact on their long-term success and better organizational performance. The key governance mechanisms aligned with sustainability objectives leading to favourable strategic decisions contribute to enhanced sustainable performance and ultimately financial outcomes as well as investor behaviour. The findings supports institutional theory, stakeholder theory and agency theory focusing on a robust governance framework for the companies that balances stakeholder interests with shareholder value and reduces agency problem by bringing effective regulations towards sustainability. Boardroom diversity, particularly board gender diversity, found to have a significant role in improving social and environmental performance. Additionally, aligning CEO compensation incentives with sustainability development goals and ensuring transparency brings positive outcomes. The review identifies significant trends and gaps in the existing research, suggesting areas for future study, including the impact of firm size, sector, and external economic conditions on corporate sustainability. The implications for researchers, policymakers, and managers underscore the need for collaborative efforts to integrate sustainability into corporate governance practices, ultimately contributing to broader societal goals.

Keywords: Corporate Governance; Sustainability; Emerging Economies; Stakeholder Theory (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-696-3_5

Ordering information: This item can be ordered from
http://www.springer.com/9789464636963

DOI: 10.2991/978-94-6463-696-3_5

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().