Journal of Economics and Management Sciences <p>Journal of Economics and Management Sciences (JEMS) is an international, double-blind peer-reviewed, open-access journal published by IDEAS SPREAD INC. The journal is published in both print and online versions. The online version is free access and download.<br>The journal focuses on the following topics: Corporate Ggovernance, Human Resource Management, Strategic Management, Entrepreneurship, Marketing, E-business, Services, Information Technology Management, Production &amp; Operations Management, Financial Management, Decision Analysis, Management Research Methods and Managerial Economics, etc.</p> IDEAS SPREAD INC en-US Journal of Economics and Management Sciences 2576-3008 <p>Copyright for this article is retained by the author(s), with first publication rights granted to the journal.<br>This is an open-access article distributed under the terms and conditions of the Creative Commons Attribution license (</p> Assessment of the Status and Prospects of Agricultural Communities: Input to Support Commercialization and Farm-Tourism Promotion Schemes <p class="text"><span lang="EN-US">Capitalizing on the potential of Farm Tourism as a catalyst for community development and an alternative source of income for farmers, the study was conducted to assess the status and challenges faced by agricultural communities in the town of Hermosa, Province of Bataan, Philippines to generate information to evaluate the tourism prospects of its farm sites. The study made use of an embedded mixed-methods design to assess the farms quantitatively and determine the status and challenges in farming as experienced by the farmers. It was revealed that farm sites with the highest potential to be farm tourism destinations bearing scenic landscapes and cultural value are located in upland areas, mostly privately owned ranging from 1 to 4 hectares in size with variable harvest seasons applying the traditional way of farming. Accessibility is subject to the specific area, with minimal access to basic utilities and site facilities but with provisions for development. Emerging themes as to the status and challenges faced by farmers are inadequacy of resources; fluctuating productivity; vulnerability of the quality of produce and profit unpredictability. Farm Communities may work together with the Government to maximize and exhaust their fullest potential to generate alternative sources of livelihood through Tourism while maintaining food security.</span></p> Leslie R. Jorge-Acain ##submission.copyrightStatement## 2022-08-16 2022-08-16 5 2 p1 p1 10.30560/jems.v5n2p1 Corporate Sustainable Practices and Profitability – Compatible? <p class="text"><span lang="EN-US">Carbon risks and corporate social responsibility have emerged as top priorities in the global climate change agenda, leading shareholders to exert greater pressure on corporations to adopt environmental, social and governance (ESG) practices and policymakers to consider regulatory actions on carbon disclosures. Proponents stress that ESG strategies will improve financial performance, while detractors focus on their large upfront costs. The literature is inconclusive in part because it has focused predominantly on the environmental pillar alone, or ESG as a combined strategy without clearly delineating how social and governance strategies also affect corporate profitability. Distinguishing between the three pillars of ESG, this paper finds that each of these strategies individually as well as jointly are positively associated with corporate profitability. The findings are robust to firm-level controls for size and access to capital markets, as well as macroeconomic variables, and unobserved country and year fixed effects that may reflect differences in tax jurisdictions and disclosure stringency.</span></p> Mitali Das ##submission.copyrightStatement## 2022-10-12 2022-10-12 5 2 p13 p13 10.30560/jems.v5n2p13