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This study undertakes an empirical analysis to identify the determinants of the low economic performance of major metropolitan cities in Korea. Using panel data of the metropolitan cities between 2000 to 2016, I carried out ageneralized least square estimation and obtained the following results. First, traditional explanatory variables such as capital investment, labor force, and R&D investments are highly significant with positive expected signs. Second, nationallevel governance arrangements for the metropolitan cities have negative impacts on the economic performance of the cities. Last, the impacts of subnational governance arrangements on economic performance are not entirely conclusive. These pieces of evidence suggest that improving the economic performance of the metropolitan cities may require a restructuring of the current framework of metropolitan governance.

Policy scholars have effectively leveraged policy process models, theories, and frameworks to respond to a variety of important environmental questions. For example, how do environmental issues arrive on the agendas of policymakers? What factors contribute to environmental policy change? What are the designs and effects of institutions (e.g., policies or cultural norms) on environmental governance? In this review, we survey the field of policy process scholarship, focusing on environmental governance, with three objectives. The first objective is to catalog the policy process models, theories, and frameworks most often featured in studies of environmental governance. The second is to capture the methodological choices commonly employed in the application of these models, theories, and frameworks in environmental domains. The third is to identify how these approaches deal with issues central to environmental governance research, including time, space, and policy scale. We aim to identify trends and strategies for integrating key considerations of scale into empirical policy process scholarship.

AbstractThe incorporation of sustainable compensation policies reflects the willingness of companies to manage the behavior of directors towards long‐term goals, responding to a large number of stakeholders with different demands. Analysis of compensation policies is biased to financial performance, so that the effectiveness of sustainable policies remains unexplored. This paper investigates whether having a sustainable compensation policy has a positive influence on environmental, social, and governance (ESG) and economic scores. These relationships are tested by estimating a fixed‐effects model for listed companies from Spain, France, Germany, and the United Kingdom in the period 2005–2015. According to the results, sustainable compensation policies affect ESG scores, but especially when firms have a corporate social responsibility committee acting as control mechanism and supporting the achievement of those objectives, triggering better nonfinancial performance. This paper contributes to literature by exploring the effect of sustainable incentives and expands the range and richness of results by including four different scores.

Purpose
The present digital era has integrated the conventional telecommunications companies as service providers in this ever-competitive environment. Towards gaining business competitiveness, businesses are operated from the stance of dynamic business model that places focus on both economic activities and, more importantly, value-added benefits. One essential value embedded into business strategies refers to the aspect of sustainability in conjunction to environmental social governance (ESG). Within the context of Malaysia, ESG practices have been expected to grow rapidly in years to come, along with the vision of becoming a digital economy nation, by 2050. The continuous discussions appear to support the significance of implementing ESG practices amidst organizations, which in turn, could enhance a more sustainable economic growth for the country. Although many studies have probed into the dimensions of ESG, little attention has been given to the ESG practices incorporated into business strategy agenda.


Design/methodology/approach
This paper combed through the literature to retrieve the multi-dimensions of ESG concepts, as well as related in-depth insights into ESG disclosures amongst leading companies established in Malaysia. As for the research design, this study used the content analysis method and the ESG Grid as the benchmarking tool to explore superior commitments amongst its peers.


Findings
As a result, this study stumbled upon two major outcomes: the pattern of ESG disclosures in telecommunications industry and the approaches in implementing ESG practices in telecommunications companies. These two aspects appear essential to establish a competitive advantage, apart from addressing the issues raised by concerned stakeholders.


Research limitations/implications
Future studies may explore deeper into comprehending the ESG practices by using the interview method and incorporating other industry or arena.


Practical implications
The decisions made by the companies to invest in ESG practices mark the ability of a company in devising viable survival strategies within the industry.


Originality/value
Hence, this study offers several vital insights into the practical value to learn from the best experiences, aside from analyzing the current progress of ESG practices within the context of developing nation.

The European Union and the United States are paradigmatic examples of multilevel governance systems that are also regulatory states. In both settings, informal networks of regulators preceded and existed alongside supranational (federal) regulatory agencies. The literature understood their rationale as preparatory to the creation of higher level agencies. This approach, however, cannot explain why informal regulatory networks still exist, years after the establishment of higher level agencies. What explains the persistence of informal regulatory networks? The argument of this article is that in multilevel governance systems, the relationship between regulatory networks and the supranational level of governance is coevolutionary and embodies struggles for autonomy and authority: as the multilevel governance system consolidates, the character of this relationship evolves from collaborative to competitive. The argument relies on a comparative historical analysis of two voluntary networks of energy regulators from the European Union and the United States, based on 27 interviews and archival research.

PurposeThe purpose of this paper is to examine corporate governance (CG) issues among boards of directors (BODs) in Barbados' state-owned enterprises (SOEs) by utilizing agency and institutional theories as the theoretical framework.Design/methodology/approachThis research adopts a mixed methods approach using quantitative and qualitative methods. Data are collected in five stages including data initially from a governance workshop attended by BODs. The findings are presented and feedback obtained in subsequent stages including several seminars attended by BODs, government officials, regulators and other stakeholders.FindingsBODs perceive that they perform their roles and responsibilities in an effective and efficient manner, influence decision making, exercise control in SOEs and conduct well-organized meetings. However, respondents from the various stages report that there is lack of accountability and transparency, inadequate disclosure, lengthy board meetings resulting in excessive delays in decision making, unclear accounting and auditing guidelines, and a lack of training in financial and CG matters. Political interference, board appointment and composition are also cited as major concerns.Research limitations/implicationsSuggestions include reduced political interference, increased training, following OECD (2005) best practices and greater accountability.Originality/valueThe paper extends the literature on CG in BODs in SOEs in emerging economies. This study utilizes the agency and institutional frameworks to understand the phenomenon.