Circular Economy and Supply Chain Sustainability

Karim, Rejaul; Roshid, Mustaqim; Waaje, Abdul

doi:10.4018/979-8-3693-3575-8.ch001

Cited by 3 publications

References 56 publications

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Audit Committee Characteristics and Sustainable Firms' Performance: Evidence From the Financial Sector in Bangladesh

Karim,

Roshid,

Dhar

et al. 2024

Bus Strat Dev

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This study examines how audit committee characteristics influence sustainable firms' performance within Bangladeshi commercial banks. Using data from 26 publicly traded banks over 13 years (2011–2023), this research investigates the impact of audit committee size, independence, and meeting frequency on both financial and market‐based performance metrics. Specifically, the findings reveal that larger audit committees (ACs) are associated with higher market valuation, indicating that committee size contributes to strategic oversight and governance effectiveness. Independent audit committee members also enhance both financial (Return on Assets) and market‐based (Tobin's Q) performance, underscoring their role in promoting transparency, accountability, and alignment with sustainable goals. However, frequent audit committee meetings correlate with diminished performance, suggesting that overly frequent sessions may lead to inefficiencies rather than improved oversight. These results indicate that structuring ACs with balanced size and independence and avoiding excessive meetings, is essential to support sustainable growth, particularly in emerging economies such as Bangladesh. The study contributes to corporate governance and sustainability literature by providing empirical insights into audit committee practices that align governance structures with long‐term corporate strategy and sustainable growth. Practical implications include the potential for regulatory reforms that enhance corporate governance, focusing on committee composition and meeting practices to foster sustainable firm performance in the financial sector.

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Audit Committee Characteristics and Sustainable Firms' Performance: Evidence From the Financial Sector in Bangladesh

Karim,

Roshid,

Dhar

et al. 2024

Bus Strat Dev

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Minimizing Waste in the Hospitality Industry

Waaje,

Karim,

Roshid

et al. 2024

Advances in Hospitality, Tourism, and the Services Industry

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Despite economic difficulties, global warming, and the ongoing recovery from the pandemic, the hospitality industry, a key player in the global economy, is under more urgency to adopt sustainable practices. This chapter examines 'Lean Hospitality,' an approach to the hospitality industry that borrows lean concepts from manufacturing operations to strengthen efficiency, reduce waste, and satisfy customers more. It examines how these concepts have changed and how they manage different kinds of waste, such as solids, liquids, gases, food choices, and potentially hazardous materials. The 5S Lean Philosophy, Value Stream Mapping, Standardized Work, and Poka-Yoke are some of the methodologies studied to see how they might promote operational excellence and continuous improvement, offering a promising future for the industry. Examples of real-world advantages and disadvantages are provided through case studies, including the Ritz-Carlton in Riyadh's effective lean implementation.

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Turning the Waste Into Wealth

Karim,

Waaje,

Roshid

et al. 2024

Advances in Hospitality, Tourism, and the Services Industry

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Increasing waste production presents substantial environmental and public health obstacles, necessitating inventive and sustainable waste management approaches. This chapter explores the fundamental concepts of circular economy and how it may be used to change waste management systems from linear disposal methods to sustainable and efficient models that make the most of resources. It explores the influence of efficient waste management on diminishing environmental deterioration, fostering resource preservation, and bolstering economic development through waste materials' reuse, recycling, and repurposing. The chapter highlights the importance of adopting comprehensive strategies that combine technology advancements, policy restructuring, and community involvement to enable a shift toward circular waste management practices that will support attaining global sustainability.

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Circular Economy and Supply Chain Sustainability

Cited by 3 publications

References 56 publications

Audit Committee Characteristics and Sustainable Firms' Performance: Evidence From the Financial Sector in Bangladesh

Audit Committee Characteristics and Sustainable Firms' Performance: Evidence From the Financial Sector in Bangladesh

Minimizing Waste in the Hospitality Industry

Turning the Waste Into Wealth

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