An Analysis of Notes Linked to the Solactive Sustainable Development Goals world RC EUR Index issued by the World Bank

Moridaira, Soichiro; Ito, Haruyoshi; Kobayashi, Hiroki

doi:10.12949/cjaros.10.1_29

Cited by 2 publications

(2 citation statements)

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“…By implementing sustainable practices, such as adopting renewable energy sources and reducing carbon footprints, companies can play a vital role in mitigating the adverse effects of climate change (Richard, 2020). Taking action now is crucial to safeguarding the planet for future generations.This proactive approach can help mitigate the environmental damage caused by various industries (Moridaira & Kobayashi, 2018).From the aspect of cost savings, green management systems often lead to cost savings in the long run. Energy-efficient processes and waste reduction measures can help lower operational costs and optimize resource utilization.…”

Section: Significancementioning

confidence: 99%

The Importance of Integrate Green Management System Based on Performance Evaluation in Enterprise: A Systematic Literature Review

Mingyi,

Sai Hong,

Elianddy b. Supeni

2023

IJAREMS

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Right from the outset, both green management and performance evaluation have played a pivotal role as essential components in enterprise management, new industrial management standards, and evolving environmental protection requirements. Initially, green management was introduced in specific industries and organizations, yielding exceptional outcomes in certain domains. In the contemporary business landscape, numerous eco-friendly management approaches exist within the enterprise management sector, offering environmentally-conscious avenues for development. However, it is noteworthy that some enterprises prioritize economic gains over prudent environmental stewardship.This paper aims to underscore the significance of the green management system in conjunction with performance evaluation within enterprises. The research outcomes unveil a positive correlation between green management implementation and performance outcomes within enterprises. This research contributes valuably to the advancement of green management practices within enterprises, while also laying a solid foundation for prospective investigations.

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Section: Significancementioning

confidence: 99%

The Importance of Integrate Green Management System Based on Performance Evaluation in Enterprise: A Systematic Literature Review

Mingyi,

Sai Hong,

Elianddy b. Supeni

2023

IJAREMS

View full text Add to dashboard Cite

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“…However, the payoff is related to the stock returns of the firm pursuing to SDGs, not the measures associated with SDGs contribution. This bond would not work well to make firms to contribute SDGs in order to attract more investors who care the contribution to SDGs (Moridaira, Ito, and Kobayashi 2018). If the cash flow from the securities are associated with SDGs, investors more carefully analyze how these securities provide the payoffs, how corporate contribute to SDGs.…”

Section: Proposalsmentioning

confidence: 99%

Analysis of Impacts of SDGs Activities on Firm Value and Utility

Ito

2018

Communications of the Japan Association of Real Options and Strategy

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Previous empirical research papers suggest that CSR, ESG, and SDGs might have positive impacts on the firm value (Khan, Serafeim, and Yoon 2016 etc.) while a plethora of papers also suggest that some CSR and ESG factors have no or negative impact on the firm value (Kawamura and Nagata 2016 etc.). We analyze the impact of SDGs on the firm value by theoretical analysis distinguishing the firm value as cash-based value which is derived from the Discount Cash Flow method incorporating the magnitude of cash flow, market risk, and life span of the corporation, and recognized value derived by considering the investors' utility to SDGs contribution in addition to cash-based value. Our analysis suggests that firm's contribution to SDGs have positive impact on the firm value if it could increase the investor base, that is, SDGs could improve the recognized firm value. However, if the investors and shareholders care both SDGs contribution and the firm value, the cash-based firm value might be compensated. Mixed empirical results are consistent with our models because the positive impact of SDGs on the firm value via increment in investor base might be offset by the destruction of the cash-based firm value by the excessive investment to SDGs. In order to reach conclusion whether SDGs have positive impact on the firm value, we need to conduct more careful analysis constructing the SDGs index associated with the SDGs contribution by the firm. Additionally, our analysis suggests that if we desire to achieve SDGs at higher level, we need to understand the utility of investors and shareholders and consider the scheme providing the incentives for managers in order to make them maximize the utility of shareholders who care both SDGs and the firm value.

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An Analysis of Notes Linked to the Solactive Sustainable Development Goals world RC EUR Index issued by the World Bank

Cited by 2 publications

References 4 publications

The Importance of Integrate Green Management System Based on Performance Evaluation in Enterprise: A Systematic Literature Review

The Importance of Integrate Green Management System Based on Performance Evaluation in Enterprise: A Systematic Literature Review

Analysis of Impacts of SDGs Activities on Firm Value and Utility

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