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Does industry 5.0 model optimize sustainable performance of Agri‐enterprises? Real‐time investigation from the realm of stakeholder theory and domain

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  • Long Guo
  • Dongsheng Sun
  • Muhammad Akib Warraich
  • Abdul Waheed

Abstract

The research on Industry 5.0 (i5.0) is relatively new and emerging therefore professionals are still striving to reveal its influence globally. This study investigates the impact of industry 5.0 to comprehend the insights into how it optimizes the sustainable performance (STP) within three core streams, that is, economic, environmental, and social perspectives from the realm of stakeholder theory within the Chinese agricultural industry. The results stated that i5.0 positively affects the STP of Agri‐enterprises. The empirical testing additionally affirmed the positive nexus of i5.0 practices toward each dimension of STP such as social, environmental, and economic perspectives based on structural equation modeling. First, it found that i5.0 has a positive correlation with the economic perspective. Second, the findings affirmed the positive linkage between i5.0 and the social perspective. Finally, the study indicated a significant correlation between i5.0 and the environmental perspective. This study provides real‐time empirical evidence for the management of Agri‐enterprises regarding i5.0 and insights into the embodiment of such capabilities to optimize enterprise STP by incorporating i5.0 model. This study presents several theoretical and managerial enrichments for Agri‐enterprises along with future avenues for the researchers to test the i5.0 capabilities toward rest of the sectors across the world.

Suggested Citation

  • Long Guo & Dongsheng Sun & Muhammad Akib Warraich & Abdul Waheed, 2023. "Does industry 5.0 model optimize sustainable performance of Agri‐enterprises? Real‐time investigation from the realm of stakeholder theory and domain," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(4), pages 2507-2516, August.
    • Handle: RePEc:wly:sustdv:v:31:y:2023:i:4:p:2507-2516
    DOI: 10.1002/sd.2527
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    Cited by:

    1. Yanqin Zeng & Sotaro Katsumata & Xi Li & Qingyu Zhang, 2025. "Supplier–buyer (in)congruence in environmental management accounting for sustainable development in the context of Japan," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(1), pages 84-99, February.
    2. Abdul Waheed & Muhammad Shahid Khan & Muhammad Akib Warraich & Mehwish Asghar Ali, 2024. "Environmental policy vs. Environmental innovation: An examination of policies disclosure on sustainable development from stakeholder theory perspective," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(3), pages 2506-2516, June.
    3. Shuhui Jiang & Kang Chen, 2024. "Multidirectional analysis for sustainable development: An examination of sustainable policies, corporate social responsibility, and organizational performance," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(5), pages 4385-4396, October.
    4. Yuchi Zhang, 2024. "A path to sustainable development of agri‐industries: Analysis of agriculture 5.0 versus industry 5.0 using stakeholder theory with moderation of environmental policy," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(5), pages 4829-4843, October.
    5. Le Sun & Tze San Ong & Boon Heng Teh & Assunta Di Vaio, 2024. "Sustainable performance measurement through digital transformation within the sustainable development framework: The mediating effect of supply chain concentration," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(6), pages 5895-5912, December.
    6. Rame, Rame & Purwanto, Purwanto & Sudarno, Sudarno, 2024. "Industry 5.0 and sustainability: An overview of emerging trends and challenges for a green future," Innovation and Green Development, Elsevier, vol. 3(4).

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