New issue of the Corporate Governance and Sustainability Review journal
The editorial team of Virtus Interpress is pleased to share the news that the fourth issue of the journal “Corporate Governance and Sustainability Review” in 2025 has been published. The studies in this issue, drawn from diverse institutional and sectoral contexts, collectively reinforce a central insight: sustainability does not operate in isolation. Its effects are mediated, moderated, and often constrained by governance mechanisms, leadership structures, reporting quality, and institutional environments.
The first research study by Nael Mosa Sarhan, Ghadeer Al-Kateb, and Eyad Shammout on organizational citizenship behavior (OCB) in the hotel sector demonstrates that employees’ brand knowledge strategy plays a mediating role between OCB and employee behavior. Their findings suggest that sustainability-oriented behavior is enacted through internal cognitive and cultural mechanisms rather than formal policies alone.
Mohammed Ahmad Ali Abusafia, Avylin Roziana Mohd Ariffin, and Muhammad Iqmal Hisham Kamaruddin’s investigation of CSR, transparency, and innovation strategies in Palestinian listed companies demonstrates that innovation ambidexterity mediates the CSR-performance relationship, while frugal innovation does not, illustrating how local constraints shape strategic effectiveness.
The study by Arjeta Hallunovi and Skënder Uku examines public perceptions of green banking, focusing on awareness levels, perceived benefits, barriers to adoption, and demand for green products. The study concludes that targeted policies, incentives, and education are essential for accelerating adoption, positioning green banking as a key driver of Albania’s sustainable transition.
Suhermin, Mar’atus Zahro, Pontjo Bambang Mahargiono, and Rika Rahayu analyze Leadership 5.0 and strategic agility in tourism MSMEs. Their evidence supports the view that dynamic capabilities and adaptive leadership enhance sustainable competitiveness by enabling organizations to respond proactively to environmental volatility.
John Chivero, David Pooe, and Blessing Takawira’s qualitative framework for strategic collaboration in Zimbabwe’s dairy supply chain identifies trust, transparency, and joint decision-making as essential components of sustainable supply chain performance. These findings resonate with broader governance debates emphasizing relational mechanisms and institutional coordination as prerequisites for sustainable value creation.
The next study by Aymane Chemmaa, Mohammed Ibrahimi, and Mohammed Amine systematically reviews 45 articles using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) methodology to identify factors that strengthen governance’s role in mitigating earnings manipulation throughout Africa. Overall, the findings suggest that governance reforms tailored to regional contexts are essential to effectively reduce earnings manipulation and promote sustainable financial governance across Africa.
Pham Quang Huy and Vu Kien Phuc investigate technologically vigilant leadership within Industry 6.0 highlighting how senior leadership facilitates the responsible adoption of emerging technologies while mitigating environmental risks. Their model, grounded in resource-based and stakeholder theories, illustrates how sustainability outcomes depend on managerial vigilance, information systems, and policy alignment rather than technological adoption per se.
The paper by Markonah Markonah and Kusnadi Kusnadi on earnings response coefficients (ERC) in Indonesian manufacturing firms challenges assumptions regarding firm size, leverage, and earnings persistence. The findings suggest that traditional financial indicators may exert limited influence on market reactions, prompting a re-evaluation of how investors interpret earnings quality in emerging markets.
E.S. Sina and D. Vennila reveal persistent gaps between disclosure volume and reporting quality. Despite increased regulatory pressure, only a limited proportion of banks fully align with international frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD). The findings will contribute to the banking sector and provide insights for policymakers, regulators, and industry stakeholders, with implications for enhancing corporate disclosure standards, fostering sustainable finance initiatives, and advancing the sustainability agenda in India’s banking sector.
Sergiris A. Ortega, Antonio D. Jose Celis, Walter B. Juera, and Angelo R. Santos’ analysis of financial resilience in the event center industry highlights the importance of disciplined financial management, revenue diversification, and crisis preparedness in sustaining organizational viability under conditions of economic disruption. This research is relevant for practitioners and policymakers seeking strategies to enhance the financial resilience and long-term sustainability of service-oriented businesses.
Hamza Kamel Qawqzeh, Jafar Irshoud, Almontaser Abdallah Mohammad Qadorah, and Bilal Nayef Zureigat’s examine financial technology and economic growth in Middle Eastern countries illustrating how technological innovation contributes to growth only when supported by robust regulatory and institutional infrastructures. This study provides valuable insights for policymakers, businesses, and researchers.
Vidhiya Andini and Linda Kusumaning Wedari study integrated reporting quality and readability in ASEAN firms. The result shows that reporting practices alone do not directly enhance firm performance. Instead, governance variables, particularly board size, moderate the relationship between reporting quality and performance, reinforcing the argument that disclosure effectiveness is institutionally contingent.
The following study on sustainability indicators disclosure by Ashraf Bataineh, Ziyad Mustafa Shwiyat, and Omar Al-Bataineh based on GRI standards in Jordanian extractive industries. Their findings indicate a positive association between sustainability disclosure and firm value; however, this relationship is embedded within financial performance indicators and sector-specific constraints.
Kimeta Gashi Brajshori and Fejzula Beha’s study on fiscal sustainability and institutional credibility in Central and Eastern Europe demonstrates that sound public financial management significantly enhances economic growth, while weak institutional frameworks undermine policy effectiveness.
The research by Thi Hien Dam, Thanh Hanh Hoang, Thi Minh Phuong Le, and The Chi Ngo aims to identify the key factors influencing the integration of environmental considerations into the economic activities of Vietnamese enterprises. The findings reveal that while awareness of environmental issues is rising, many enterprises still face significant barriers, such as limited resources, lack of regulatory enforcement, and insufficient managerial commitment, to adopting sustainable practices.
The final research paper by Ceacilia Srimindarti, Pancawati Hardiningsih, Ida Nurhayati, Achmad Badjuri, Tjahjaning Poerwati examines the impact of time budget pressure on the decline in audit quality, with work stress as a mediating variable. This study contributes to the behavioral accounting literature by emphasizing the mediating role of work stress in understanding how time constraints influence audit quality and by providing insights for promoting sustainable audit practices.
The full issue of the journal is available at the following link.
We wish you a pleasant and informative reading!
