9 research outputs found

    The impact of sustainability performance indicators on financial stability: evidence from the Russian oil and gas industry

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    Considering the dearth of research on the impact of sustainability reporting practices on financial stability in the context of transition economies, this study aims to explore sustainability reporting practices of top oil and gas companies in Russia and investigate the effects of sustainability performance indicators on financial stability in the context of a given emerging economy. The study is based on panel data analysis of sustainability performance indicators and financial data of forty-five largest oil and gas companies listed on the Russian Trading Stock Exchange over the period 2012–2016. Data on sustainability performance were collected through analyzing sustainability reports and annual reports, while financial data were obtained from audited financial statements downloaded from company websites. The empirical results indicate that companies improve their sustainability performance indicators in order to manage risk and improve their financial stability. The results also show that firm-specific characteristics, such as financial capacity, leverage, firm size, and firm age, are important underlying factors affecting the degree of financial distress and financial stability. The findings of the study provide managers and practitioners with useful aspects of sustainability performance indicators to improve financial stability and mitigate financial distress. Additionally, investors and practitioners should consider other underlying factors, including financial capacity, leverage, firm size, and firm age, that may influence financial stability. Finally, the findings are useful for policymakers and regulators in promoting Global Reporting Initiative guidelines which will ultimately lead to sustainable development and financial stability in the context of emerging markets

    A multi-disciplinary meta-review of the public–private partnerships research

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    Public-private partnerships (PPP) research is very diverse. This field of research covers different topics across multiple disciplines and is disseminated in many journals. This has led to numerous review studies with a single discipline focus that apply mostly subjective or descriptive analyses. With the purpose of providing an integrated overview of all the disciplines that involve PPP and uncovering connections between these, this research provides an extensive PPP literature meta-review that uses objective bibliometric measures on 1970 articles from 773 journals. The methodology involves ranking journals, identifying topical trends over 1989–2018, and clustering the literature to create a PPP knowledge map with associated research domains. The findings reaffirm that PPP is not only a multi-disciplinary research area but also a self-contained meta-discipline that integrates some allied disciplines with their foundational theories. The PPP meta-discipline is largely dominated by Construction Management and Economics (CME), Public Administration and Management, and Transportation Research disciplines, and integrates emerging topics such as sustainability, governance and stakeholders management. This study contributes to the CME scholarly community as it offers the first comprehensive meta-analysis of PPP literature and helps understanding PPP under the lens of a multi-disciplinary perspective
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