IDEAS home Printed from https://ideas.repec.org/a/bum/cactus/v6y2024i2p47-59.html
   My bibliography  Save this article

Work Climate And Economic Performance In Sustainable Companies

Author

Listed:
  • Anastasia-Cristiana Dumitru

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Ionel Bran

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

This research aimed to investigate the relationship between work climate, sustainability practises and perceived economic performance in sustainable companies, focusing on the impact of Environmental, Social, and Governance (ESG) initiatives. The main objective is to assess how workplace climate influence economic performance and how sustainability practices contribute to employee satisfaction. The study uses a quantitative methodology based on a questionnaire consisting of 15 questions distributed to employees of sustainable companies. The collected data were statistically analysed using SPSS software, with correlation and linear regression tests to validate the hypotheses. Three main hypotheses were tested in the study: (H1) the positive relationship between a favourable work climate and economic performance, (H2) the contribution of sustainability practises to improving work climate, and (H3) the correlation between involvement in ESG initiatives and employee satisfaction. The results indicate a significant correlation between a positive work climate and perceived economic performance as well as a correlation between the implementation of ESG initiatives and employee satisfaction. This research contributes to the understanding of how sustainability practises can influence both employee satisfaction and overall business performance and provides guidance for improving organisational strategies in sustainable companies.

Suggested Citation

  • Anastasia-Cristiana Dumitru & Ionel Bran, 2024. "Work Climate And Economic Performance In Sustainable Companies," Cactus - The tourism journal for research, education, culture and soul, Bucharest University of Economic Studies, vol. 6(2), pages 47-59.
    • Handle: RePEc:bum:cactus:v:6:y:2024:i:2:p:47-59
    as

    Download full text from publisher

    File URL: https://cactus-journal-of-tourism.ase.ro/wp-content/uploads/2024/11/II.4-Dumitru-Bran.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gianpaolo Iazzolino & Maria Elena Bruni & Stefania Veltri & Donato Morea & Giovanni Baldissarro, 2023. "The impact of ESG factors on financial efficiency: An empirical analysis for the selection of sustainable firm portfolios," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1917-1927, July.
    2. Valentinov, Vladislav, 2023. "Sustainability and stakeholder theory: A processual perspective," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 52(13), pages 61-77.
    3. Ramiz ur Rehman & Muhammad Zain ul Abidin & Rizwan Ali & Safwan Mohd Nor & Muhammad Akram Naseem & Mudassar Hasan & Muhammad Ishfaq Ahmad, 2021. "The Integration of Conventional Equity Indices with Environmental, Social, and Governance Indices: Evidence from Emerging Economies," Sustainability, MDPI, vol. 13(2), pages 1-27, January.
    4. Christoph Harrach & Sonja Geiger & Ulf Schrader, 2020. "Sustainability empowerment in the workplace: determinants and effects," Sustainability Nexus Forum, Springer, vol. 28(3), pages 93-107, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Feng, Xinzhen & Zhou, Dequn & Hussain, Tufail, 2024. "An investigation of fintech governance, natural resources and government stability on sustainability: Policy suggestions under the SDGs theme," Resources Policy, Elsevier, vol. 96(C).
    2. Mirela Clementina Panait & Marian Catalin Voica & Eglantina Hysa & Alfonso Siano & Maria Palazzo, 2022. "The Bucharest Stock Exchange: A Starting Point in Structuring a Valuable CSR Index," JRFM, MDPI, vol. 15(2), pages 1-14, February.
    3. Rojo-Suárez, Javier & Alonso-Conde, Ana B. & Gonzalez-Ruiz, Juan David, 2024. "Does sustainability improve financial performance? An analysis of Latin American oil and gas firms," Resources Policy, Elsevier, vol. 88(C).
    4. Paraskevi (Evi) Dekoulou & Anna Anastasopoulou & Panagiotis Trivellas, 2023. "Employee Performance Implications of CSR for Organizational Resilience in the Banking Industry: The Mediation Role of Psychological Empowerment," Sustainability, MDPI, vol. 15(15), pages 1-20, August.
    5. Lo, Huai-Wei & Lin, Sheng-Wei, 2023. "Identifying ESG investment key indicators and selecting investment trust companies by using a Z-fuzzy-based decision-making model," Socio-Economic Planning Sciences, Elsevier, vol. 90(C).
    6. Gołębiewski, Jarosław, 2023. "Znaczenie i Istota ESG w Sektorze Żywnościowym w Polsce," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2023(01).
    7. Paolo Esposito & Zubair Ahmad & Vincenzo Riso & Noman Mustafa, 2024. "Beyond the business case? Retracing the walk of Corporate social responsibility and financial performance relationship in the Oil and Gas sector," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 2211-2224, May.
    8. Anrafel Souza Barbosa & Maria Cristina Basilio Crispim Silva & Luiz Bueno Silva & Sandra Naomi Morioka & Vinícius Fernandes Souza, 2023. "Integration of Environmental, Social, and Governance (ESG) criteria: their impacts on corporate sustainability performance," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-18, December.
    9. Raihan, Asif & Atasoy, Filiz Guneysu & Coskun, Mehmet Burhanettin & Tanchangya, Tipon & Rahman, Junaid & Ridwan, Mohammad & Sarker, Tapan & Elkassabgi, Ahmed & Atasoy, Murat & Yer, Huseyin, 2024. "Fintech adoption and sustainable deployment of natural resources: Evidence from mineral management in Brazil," Resources Policy, Elsevier, vol. 99(C).
    10. José Manuel Maside‐Sanfiz & Óscar Suárez Fernández & María‐Celia López‐Penabad & Mohammad Omar Alzghoul, 2024. "Does corporate social performance improve environmentally adjusted efficiency? Evidence from the energy sector," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1510-1530, May.
    11. Plaček, Michal & Valentinov, Vladislav & Fojtík, Roman & Ochrana, František & Peřinková, Martina, 2024. "Bringing in ethics: A multi-stakeholder approach to manage the transition to low-carbon construction," EconStor Open Access Book Chapters, in: Strengthening European climate policy: Governance recommendations from innovative interdisciplinary collaborations, pages 111-123, ZBW - Leibniz Information Centre for Economics.
    12. Muhtar Sapiri & Aditya Halim Perdana Kusuma Putra, 2023. "Causality of Bank Financial Performance, Green Bond, CSR, Green Financing Portfolio and CO2 Emissions in Transportation: Evidence from Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 13(6), pages 511-522, November.
    13. repec:bcp:journl:v:8:y:2024:i:14:p:28-46 is not listed on IDEAS
    14. Guglielmo Maria Caporale & Luis Gil-Alana & Alex Plastun & Inna Makarenko, 2022. "Persistence in ESG and conventional stock market indices," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 46(4), pages 678-703, October.
    15. Hadi Dhafer Hassan Kariri & Hassan Edrees Somaili & Mohammed EL-Sayed Ibrahim Mansour & Ali Hadi Omair & Omaymah Abdulwahab Radwan, 2023. "Rasch and Confirmatory Factor Analyses of the Arabic Version of the Psychological Empowerment Scale (PsyES): A Multicultural Approach for Measurable Sustainability," Sustainability, MDPI, vol. 15(7), pages 1-11, March.
    16. Wendrila Biswas & Debarun Chakraborty, 2023. "‘As You Sow So You Reap’: A Multi-case Study on Reshaping Workforce Well-being Through Positive Sustainability at Construction Firms," South Asian Journal of Business and Management Cases, , vol. 12(3), pages 333-351, December.
    17. de Boyrie, Maria E. & Pavlova, Ivelina, 2024. "Connectedness with commodities in emerging markets: ESG leaders vs. conventional indexes," Research in International Business and Finance, Elsevier, vol. 71(C).
    18. MCarmen Martínez‐Victoria & Alfons Oude Lansink, 2024. "Risk and return efficiency of manufacturing firms: Integrating corporate social responsibility performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 3735-3744, September.
    19. Urom, Christian & Ndubuisi, Gideon, 2023. "Do geopolitical risks and global market factors influence the dynamic dependence among regional sustainable investments and major commodities?," The Quarterly Review of Economics and Finance, Elsevier, vol. 91(C), pages 94-111.
    20. Jun Cui, 2025. "Entrepreneurial Motivations and ESG Performance Evidence from Automobile Companies Listed on the Chinese Stock Exchange," Papers 2503.21828, arXiv.org.
    21. Sandra Chrzan & Christiane Pott, 2024. "Limiting environmental reporting flexibility: investor judgment based on the EU taxonomy," Review of Quantitative Finance and Accounting, Springer, vol. 63(4), pages 1511-1548, November.

    More about this item

    Keywords

    sustainability; work climate; economic performance; ESG; employee satisfaction;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bum:cactus:v:6:y:2024:i:2:p:47-59. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniel Bulin (email available below). General contact details of provider: https://edirc.repec.org/data/fcasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.