Vinculum of Sustainable Development Goal Practices and Firms� Financial Performance: A Moderation Role of Green Innovation

Khan, P.A. and Johl, S.K. and Akhtar, S. (2022) Vinculum of Sustainable Development Goal Practices and Firms� Financial Performance: A Moderation Role of Green Innovation. Journal of Risk and Financial Management, 15 (3). ISSN 19118074

Full text not available from this repository.
Official URL: https://www.scopus.com/inward/record.uri?eid=2-s2....

Abstract

The 2030 Agenda for Sustainable Development (SDGs) has been established to alter our world by addressing the challenges faced by humanity in order to promote wellbeing, economic prosperity, and the protection of the environment. The SDGs provide a holistic and multi-dimensional approach to development compared to conventional development plans that focus on a limited range of dimensions. As a result, linkages between the SDGs may result in differing outcomes. This research is the first to investigate the direct relationship of environmental and social SDGs with firms� financial performance and the moderating role of green innovation. Data from 67 companies from five continents (Europe, Australia and New Zealand, Asia, North America, and Africa) and their top five blue-chip firms were collected through content analysis. Generalized least squares (GLS) were used to test for direct relationships. The results showed a positive correlation between environmental SDGs and the negative significance of social SDGs on firms� financial performance. However, mixed findings regarding the moderation variable green innovation over SDGs and firms� financial performance were found. The new findings extend the SDG literature and provide empirical evidence to practitioners and policymakers. © 2022 by the authors. Licensee MDPI, Basel, Switzerland.

Item Type: Article
Additional Information: cited By 32
Depositing User: Mr Ahmad Suhairi UTP
Date Deposited: 19 Dec 2023 03:23
Last Modified: 19 Dec 2023 03:23
URI: https://khub.utp.edu.my/scholars/id/eprint/16987

Actions (login required)

View Item
View Item