Unmasking Sustainability Justice Performance to Achieve SDG 16 in MENA: Insights From Heterogeneous Analysis

dc.authoridMaxwell Kongkuah / 0000-0003-3486-693X
dc.contributor.authorKaoDui, Li
dc.contributor.authorKongkuah, Maxwell
dc.contributor.authorAlessa, Noha
dc.date.accessioned2026-02-03T12:03:10Z
dc.date.available2026-02-03T12:03:10Z
dc.date.issued2025
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractIn an era where sustainability is paramount, the role of corporate governance in promoting sustainability justice remains underexplored, particularly in emerging regions such as MENA. This study extends the literature on corporate governance and sustainability by examining the relationship between corporate governance mechanisms and sustainability justice performance (SJP) in MENA firms. Drawing on agency theory and normative ethics (consequentialism), the study hypothesizes that effective governance mitigates agency conflicts and fosters ethical decision-making, thereby enhancing sustainability justice. To test these hypotheses, we analyze a dataset of 727 listed firms in MENA from 2010 to 2022, using robust econometric techniques and instrumental variables to address endogeneity concerns. The findings show that, regarding structural attributes, board independence and board size are positively linked with SJP, whereas the board members' shareholding proportion and CEO duality show negative effects. Concerning diversity attributes, gender diversity has a positive impact on SJP, but foreign nationals negatively affect SJP. Regarding process attributes, board members' remuneration, board meetings, and board tenure all have positive links with SJP. Additionally, there is significant heterogeneity in how corporate governance impacts SJP across industries, ownership types, and dimensions of sustainability. The results are robust after rigorous checks and sensitivity analyses. Policymakers should prioritize reforms that strengthen board independence, promote gender diversity, and encourage more frequent board meetings to improve sustainability justice. Additionally, limiting shareholder power, addressing CEO duality, and aligning executive compensation with sustainability goals will enhance governance and foster long-term positive sustainability outcomes across the MENA region.
dc.description.sponsorshipNational Social Science Foundation of China [PNURSP2025R391]
dc.description.sponsorshipPrincess Nourah bint Abdulrahman University Researchers Supporting Project
dc.description.sponsorshipPrincess Nourah bint Abdulrahman University, Riyadh, Saudi Arabia
dc.description.sponsorshipAuthors are thankful for the support by Princess Nourah bint Abdulrahman University Researchers Supporting Project number (PNURSP2025R391), Princess Nourah bint Abdulrahman University, Riyadh, Saudi Arabia.
dc.identifier.doi10.1002/sd.3513
dc.identifier.endpage7752
dc.identifier.issn0968-0802
dc.identifier.issn1099-1719
dc.identifier.issue5
dc.identifier.scopus2-s2.0-105006909801
dc.identifier.scopusqualityQ1
dc.identifier.startpage7731
dc.identifier.urihttps://doi.org/10.1002/sd.3513
dc.identifier.urihttps://hdl.handle.net/20.500.12428/34995
dc.identifier.volume33
dc.identifier.wosWOS:001500151100001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherWiley
dc.relation.ispartofSustainable Development
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WOS_20260130
dc.subjectcorporate governance
dc.subjectheterogeneous insights
dc.subjectMENA region
dc.subjectSDG 16
dc.subjectsustainability justice performance
dc.titleUnmasking Sustainability Justice Performance to Achieve SDG 16 in MENA: Insights From Heterogeneous Analysis
dc.typeArticle

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