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Environmental, Social, and Governance-Based Artificial Intelligence Governance: Digitalizing Firms’ Leadership and Human Resources Management

Author

Listed:
  • George Sklavos

    (Department of Business Administration, University of Thessaly, 41500 Larissa, Greece)

  • George Theodossiou

    (Department of Business Administration, University of Thessaly, 41500 Larissa, Greece)

  • Zacharias Papanikolaou

    (Department of Agricultural Development, Democritus University of Thrace, 68200 Orestiada, Greece)

  • Christos Karelakis

    (Department of Agricultural Development, Democritus University of Thrace, 68200 Orestiada, Greece)

  • Konstantina Ragazou

    (Department of Management, Science and Technology, University of Western Macedonia, 50100 Kozani, Greece)

Abstract

The integration of artificial intelligence (AI) with environmental, social, and governance (ESG) factors is impacting the direction of enterprises and society in our swiftly expanding world. This collaboration has significant potential to tackle critical issues such as reducing the impact of climate change, fostering social integration, and improving corporate governance. Nevertheless, the implementation of AI gives rise to intricate matters and apprehensions, as it brings out a distinct array of hazards and ethical quandaries for ESG performance. The objective of the present research is to fill this gap by gathering and offering a contemporary evaluation of the influence of advancing technologies on the strategic leadership’s role in fulfilling the business goal within the context of ESG considerations. We used bibliometric analysis to investigate the study subject using R Studio version 4.2.0 and the bibliometric applications VOSviewer version 1.6.20 and Biblioshiny version 4.2.0. We obtained data from the Scopus database and used the PRISMA approach to suitably choose 205 research publications. The results suggest that it is essential to use AI and ESG to digitize the boardroom. Additionally, it is crucial to guarantee its security using an advanced detection system. Therefore, chief executive officers (CEOs) must give priority to the issues of transparency and cybersecurity to reduce risks and successfully inspire trust in business activities.

Suggested Citation

  • George Sklavos & George Theodossiou & Zacharias Papanikolaou & Christos Karelakis & Konstantina Ragazou, 2024. "Environmental, Social, and Governance-Based Artificial Intelligence Governance: Digitalizing Firms’ Leadership and Human Resources Management," Sustainability, MDPI, vol. 16(16), pages 1-20, August.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:16:p:7154-:d:1460170
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    References listed on IDEAS

    as
    1. Sui, Bo & Yao, Liuyang, 2023. "The impact of digital transformation on corporate financialization: The mediating effect of green technology innovation," Innovation and Green Development, Elsevier, vol. 2(1).
    2. Konstantina Ragazou & Ioannis Passas & Georgios Sklavos, 2022. "Investigating the Strategic Role of Digital Transformation Path of SMEs in the Era of COVID-19: A Bibliometric Analysis Using R," Sustainability, MDPI, vol. 14(18), pages 1-19, September.
    3. DasGupta, Ranjan, 2022. "Financial performance shortfall, ESG controversies, and ESG performance: Evidence from firms around the world," Finance Research Letters, Elsevier, vol. 46(PB).
    4. Liu, Bing & Zhang, Xiangmeng, 2024. "The impact of ESG and executive structure on the default risk of family businesses: Evidence from China," Finance Research Letters, Elsevier, vol. 61(C).
    5. Anita, Mendiratta & Shveta, Singh & Yadav Surendra, S. & Arvind, Mahajan, 2023. "When do ESG controversies reduce firm value in India?," Global Finance Journal, Elsevier, vol. 55(C).
    6. Leonidas Efthymiou & Ambika Kulshrestha & Sandeep Kulshrestha, 2023. "A Study on Sustainability and ESG in the Service Sector in India: Benefits, Challenges, and Future Implications," Administrative Sciences, MDPI, vol. 13(7), pages 1-14, July.
    7. Yan Peng & Hanzi Chen & Tinghui Li, 2023. "The Impact of Digital Transformation on ESG: A Case Study of Chinese-Listed Companies," Sustainability, MDPI, vol. 15(20), pages 1-21, October.
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