A systematic literature review on the relationship between corporate governance and corporate sustainability.
Saved in:
| Title: | A systematic literature review on the relationship between corporate governance and corporate sustainability. |
|---|---|
| Authors: | Dissanayake, Hiranya1 (AUTHOR) hiranya@wyb.ac.lk, Manta, Otilia2 (AUTHOR) otilia.manta@rau.ro, Dissabandara, D. B. P. H.3 (AUTHOR) dissa@sjp.ac.lk, Ajward, A. R.4 (AUTHOR) ajward@sjp.ac.lk, Perera, K. L. W.3 (AUTHOR) wasanthaperera@sjp.ac.lk, Palazzo, Maria5 (AUTHOR) maria.palazzo@unimercatorum.it |
| Source: | Environment, Development & Sustainability. May2026, Vol. 28 Issue 5, p11837-11858. 22p. |
| Subject Terms: | *Corporate governance, *Corporate sustainability, *Stakeholder theory, *Organizational legitimacy, *Regression analysis, *Agency theory, *Emerging markets |
| Abstract: | Over the past decade, discussions on the interaction between Corporate Governance (CG) and Corporate Sustainability (CS) have been extensive, yet clear conclusions are still lacking. This study systematically reviews the literature to evaluate how adherence to CG principles impacts CS, with a focus on trends, country-specific publications, journals, methodologies, and the nature of their relationship. Utilizing the SCOPUS database, we initially screened 1,787 articles published between 1997 and 2023, ultimately selecting 76 based on rigorous criteria for detailed review. The results show that CG and CS is an expanding field, demonstrated by a notable increase in both publications and citations. Only 30% of the studies were conducted in Asia. A substantial 80% of the articles applied theoretical frameworks such as Agency, Legitimacy, and Stakeholder Theories, with 84% employing regression analysis. Most studies (71%) reported a positive relationship between Corporate Governance and Corporate Sustainability, while 29% found negative, mixed, or no relationship. This study contributes to the existing literature by suggesting that improved Corporate Governance practices can enhance Corporate Sustainability outcomes, providing valuable insights for managers and policymakers. However, the study's limitations include a predominant reliance on quantitative methods, which may overlook qualitative aspects, and a geographic bias with fewer studies from emerging markets. Future research could investigate different contexts and incorporate a range of methodologies to further understand the CG-CS relationship. [ABSTRACT FROM AUTHOR] |
| Database: | Energy & Power Source |
|
Full text is not displayed to guests.
Login for full access.
|
|
| FullText | Links: – Type: pdflink Text: Availability: 1 |
|---|---|
| Header | DbId: enr DbLabel: Energy & Power Source An: 193283988 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
| IllustrationInfo | |
| Items | – Name: Title Label: Title Group: Ti Data: A systematic literature review on the relationship between corporate governance and corporate sustainability. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Dissanayake%2C+Hiranya%22">Dissanayake, Hiranya</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> hiranya@wyb.ac.lk</i><br /><searchLink fieldCode="AR" term="%22Manta%2C+Otilia%22">Manta, Otilia</searchLink><relatesTo>2</relatesTo> (AUTHOR)<i> otilia.manta@rau.ro</i><br /><searchLink fieldCode="AR" term="%22Dissabandara%2C+D%2E+B%2E+P%2E+H%2E%22">Dissabandara, D. B. P. H.</searchLink><relatesTo>3</relatesTo> (AUTHOR)<i> dissa@sjp.ac.lk</i><br /><searchLink fieldCode="AR" term="%22Ajward%2C+A%2E+R%2E%22">Ajward, A. R.</searchLink><relatesTo>4</relatesTo> (AUTHOR)<i> ajward@sjp.ac.lk</i><br /><searchLink fieldCode="AR" term="%22Perera%2C+K%2E+L%2E+W%2E%22">Perera, K. L. W.</searchLink><relatesTo>3</relatesTo> (AUTHOR)<i> wasanthaperera@sjp.ac.lk</i><br /><searchLink fieldCode="AR" term="%22Palazzo%2C+Maria%22">Palazzo, Maria</searchLink><relatesTo>5</relatesTo> (AUTHOR)<i> maria.palazzo@unimercatorum.it</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Environment%2C+Development+%26+Sustainability%22">Environment, Development & Sustainability</searchLink>. May2026, Vol. 28 Issue 5, p11837-11858. 22p. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Corporate+governance%22">Corporate governance</searchLink><br />*<searchLink fieldCode="DE" term="%22Corporate+sustainability%22">Corporate sustainability</searchLink><br />*<searchLink fieldCode="DE" term="%22Stakeholder+theory%22">Stakeholder theory</searchLink><br />*<searchLink fieldCode="DE" term="%22Organizational+legitimacy%22">Organizational legitimacy</searchLink><br />*<searchLink fieldCode="DE" term="%22Regression+analysis%22">Regression analysis</searchLink><br />*<searchLink fieldCode="DE" term="%22Agency+theory%22">Agency theory</searchLink><br />*<searchLink fieldCode="DE" term="%22Emerging+markets%22">Emerging markets</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: Over the past decade, discussions on the interaction between Corporate Governance (CG) and Corporate Sustainability (CS) have been extensive, yet clear conclusions are still lacking. This study systematically reviews the literature to evaluate how adherence to CG principles impacts CS, with a focus on trends, country-specific publications, journals, methodologies, and the nature of their relationship. Utilizing the SCOPUS database, we initially screened 1,787 articles published between 1997 and 2023, ultimately selecting 76 based on rigorous criteria for detailed review. The results show that CG and CS is an expanding field, demonstrated by a notable increase in both publications and citations. Only 30% of the studies were conducted in Asia. A substantial 80% of the articles applied theoretical frameworks such as Agency, Legitimacy, and Stakeholder Theories, with 84% employing regression analysis. Most studies (71%) reported a positive relationship between Corporate Governance and Corporate Sustainability, while 29% found negative, mixed, or no relationship. This study contributes to the existing literature by suggesting that improved Corporate Governance practices can enhance Corporate Sustainability outcomes, providing valuable insights for managers and policymakers. However, the study's limitations include a predominant reliance on quantitative methods, which may overlook qualitative aspects, and a geographic bias with fewer studies from emerging markets. Future research could investigate different contexts and incorporate a range of methodologies to further understand the CG-CS relationship. [ABSTRACT FROM AUTHOR] |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=enr&AN=193283988 |
| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1007/s10668-024-05384-w Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 22 StartPage: 11837 Subjects: – SubjectFull: Corporate governance Type: general – SubjectFull: Corporate sustainability Type: general – SubjectFull: Stakeholder theory Type: general – SubjectFull: Organizational legitimacy Type: general – SubjectFull: Regression analysis Type: general – SubjectFull: Agency theory Type: general – SubjectFull: Emerging markets Type: general Titles: – TitleFull: A systematic literature review on the relationship between corporate governance and corporate sustainability. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Dissanayake, Hiranya – PersonEntity: Name: NameFull: Manta, Otilia – PersonEntity: Name: NameFull: Dissabandara, D. B. P. H. – PersonEntity: Name: NameFull: Ajward, A. R. – PersonEntity: Name: NameFull: Perera, K. L. W. – PersonEntity: Name: NameFull: Palazzo, Maria IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 05 Text: May2026 Type: published Y: 2026 Identifiers: – Type: issn-print Value: 1387585X Numbering: – Type: volume Value: 28 – Type: issue Value: 5 Titles: – TitleFull: Environment, Development & Sustainability Type: main |
| ResultId | 1 |
