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p-Index From 2021 - 2026
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All Journal Entrepreneurship and Innovation Review
Nurkhasanah, Lutfi Nuzul
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Environmental, Social, and Governance (ESG) and Corporate Financial Performance Nurhudiana, Risfanda; Nurkhasanah, Lutfi Nuzul; Permatahati, Rosita
Entrepreneurship and Innovation Review Vol. 1 No. 1 (2023): June Edition
Publisher : Integra Academic Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63208/210113-325

Abstract

Growing attention to sustainability has encouraged companies to integrate Environmental, Social, and Governance (ESG) principles into their business strategies. ESG is no longer viewed solely as a sustainability framework but also as a factor that may influence corporate financial performance. This study aims to examine the relationship between ESG and corporate financial performance using a Systematic Literature Review (SLR) approach. The study collected data from scholarly articles indexed in Google Scholar and published over the last five years. The literature selection process was conducted using predefined inclusion and exclusion criteria, resulting in fifteen relevant articles for analysis. The findings indicate that ESG generally contributes positively to financial performance through improved operational efficiency, enhanced corporate reputation, better risk management, and greater access to financial resources. However, several studies report inconsistent results due to differences in research contexts, firm characteristics, and measurement indicators. These findings suggest that ESG has become a strategic factor that supports long-term corporate sustainability and value creation. The study contributes to the growing literature on sustainable business practices and provides insights for managers, investors, and policymakers regarding the economic implications of ESG implementation.
Corporate Sustainability and Sustainable Business Practices: Drivers of Long-Term Organizational Value Creation Isya, Rahma; Nurkhasanah, Lutfi Nuzul; Asmarani, Asmarani
Entrepreneurship and Innovation Review Vol. 2 No. 1 (2024): June Edition
Publisher : Integra Academic Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63208/210113-425

Abstract

Corporate sustainability has become an increasingly important strategic priority as organizations face growing environmental, social, and governance (ESG) challenges. This study examines the role of corporate sustainability and sustainable business practices in supporting organizational performance and long-term value creation through a qualitative Systematic Literature Review (SLR) guided by the PRISMA 2020 framework. The findings indicate that corporate sustainability contributes to organizational success by integrating economic, environmental, and social objectives into strategic and operational activities. Sustainable business practices enhance resource efficiency, strengthen stakeholder relationships, improve organizational legitimacy, and support sustainable competitive advantage. The review further reveals that sustainability capabilities positively influence organizational performance, long-term growth, and value creation. Additionally, ESG considerations and technological advancements play an increasingly important role in shaping sustainability strategies. The study concludes that corporate sustainability is a critical driver of sustainable business success and long-term organizational value creation.
Co-Authors Asmarani, Asmarani Isya, Rahma Nurhudiana, Risfanda Permatahati, Rosita