SUSTAINABLE BUSINESS PRACTICES AND ORGANIZATIONAL PERFORMANCE: A SYSTEMATIC REVIEW

This study presents a systematic analysis of literature with reference to impact of sustainable business practices on organizational performance. Although, the association between sustainable business practices and financial performance has received growing attention in research, but the consensus remains mysterious. In line with this, present study identifies the issues and developing trends that hinder the convincing consensus on that relationship. We used content analysis to examine the literature and establish the present state of research. A total of 103 papers from top-tier journals are shortlisted based on defined criteria to systematically analyse the. Based on three dimensions such as 1) sustainable reporting and organizational performance 2) sustainable business practices and organizational performance 3) Sustainability performance and organizational performance, the study reveals that in case of developed countries, literature suggest the existence of relationship. But, in case of developing countries it remains scarce. Moreover, literature is gradually replacing total sustainability with not broader concept of CSR, which is dominated by people oriented practices. While addressing few to nothing on planet oriented practices and financial dimensions. Thus, present study reveals that more research is require to facilitate convergence for better understanding of the relationship between sustainable business practices and financial performance.

___________________________________________________________________________________

 

Keywords: Sustainable Business Practices, Financial Performance, Sustainability Performance, Sustainability Reporting, Systematic Review.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download