IntechOpen Book Series will also publish a program of research-driven Thematic Edited Volumes that focus on specific areas and allow for a more in-depth overview of a particular subject.
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IntechOpen Book Series will be launching regularly to offer our authors and editors exciting opportunities to publish their research Open Access. We will begin by relaunching some of our existing Book Series in this innovative book format, and will expand in 2022 into rapidly growing research fields that are driving and advancing society.
With the desire to make book publishing more relevant for the digital age and offer innovative Open Access publishing options, we are thrilled to announce the launch of our new publishing format: IntechOpen Book Series.
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Designed to cover fast-moving research fields in rapidly expanding areas, our Book Series feature a Topic structure allowing us to present the most relevant sub-disciplines. Book Series are headed by Series Editors, and a team of Topic Editors supported by international Editorial Board members. Topics are always open for submissions, with an Annual Volume published each calendar year.
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After a robust peer-review process, accepted works are published quickly, thanks to Online First, ensuring research is made available to the scientific community without delay.
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Our innovative Book Series format brings you:
\n\n
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Topic Focused Publications - Each topic showcases high impact subject areas
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Renowned Editorial Expertise - Series Editors, Topic Editors, and a team of international Board Members that permanently support each Book Series
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Fast Publishing - quick turnaround which is unique for book publishing
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The benefit of ISSN and ISBN for increased citation and indexing possibilities
\n
\n\n\n\n
IntechOpen Book Series will also publish a program of research-driven Thematic Edited Volumes that focus on specific areas and allow for a more in-depth overview of a particular subject.
\n\n
IntechOpen Book Series will be launching regularly to offer our authors and editors exciting opportunities to publish their research Open Access. We will begin by relaunching some of our existing Book Series in this innovative book format, and will expand in 2022 into rapidly growing research fields that are driving and advancing society.
We invite you to explore our IntechOpen Book Series, find the right publishing program for you and reach your desired audience in record time.
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Note: Edited in October 2021
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1. Introduction
Agricultural productivity is significantly affected by nitrogen and phosphorus deficiencies, which are essential for plant growth. In addition, it is related to the physical and biological properties of the soil, pest and disease attacks and abiotic stresses. For sustainable agriculture, it would be interesting to carry out an efficient management of nitrogen in the environment. This usually involves the use of microorganisms biologically fixing nitrogen that is used directly by the plant and is, therefore, less susceptible to volatilization, denitrification and leaching. In agricultural settings, perhaps 80% of this biologically fixed N comes from symbiosis involving leguminous plants and one of the Rhizobia species [1]. Legumes are able to establish a symbiotic interaction with soil bacteria termed Rhizobia. These bacteria in association with legumes can fix atmospheric N and through this feature, they are introduced into agricultural systems to improve soil fertility, plant growth and limit the use of chemical fertilizers [2]. However, the anticipated benefits of the nitrogen fixing bacteria may be positive or negative depending on rhizobium species and its interaction with the environment [3]. Isolation and selection of rhizobia stress-tolerant strains may enhance the plant growth through nodulation and nitrogen fixation ability of plants under stress conditions [4]. Selection of effective Rhizobium strains is the most critical aspect to have maximum benefits from this technology [5]. Regardless of their functions in direct plant growth promotion, rhizobia can act by protecting host plant against pests and diseases. Different mechanisms can be involved in plant protection by rhizobium inoculation such as competition for nutrients, antibiosis or induced resistance in host plant. This chapter presents an overview highlighting the enhancement of plant growth by rhizobia. Different mechanisms of plant growth promotion by rhizobia were described. Rhizobia can act directly by facilitating plant nutrients acquisition or influencing plant hormone levels or indirectly by attenuating the inhibitory effects of pathogens (Figure 1).
Figure 1.
Schematic overview of the nodulation process and plant growth promotions by rhizobia.
2. Plant growth promotion by rhizobia inoculation
Rhizobia can enhance plant growth promotions by both direct and indirect ways. Several mechanisms are involved in the plant growth promotions by rhizobia, different mechanisms involved are discussed as follows.
2.1. Direct plant growth promotions
2.1.1. Biological nitrogen fixation
Nitrogen is a vital element for plant growth; it is required for synthesis of macromolecules such as amino acids, nucleic acids and chlorophyll. In agriculture, fertilization with nitrogen products is practiced to increase the production yield of food [6, 7]. About 78% of the atmospheric air is N, this gaseous substance cannot be used in this form by most living organisms until it has been fixed, that is, reduced (combined with hydrogen) to ammonia. Biological nitrogen fixation (BNF) accounts for about 60% of nitrogen used in agriculture. Significant growth in fertilizer-N usage has occurred in both developed and developing countries [8]. The requirements for fertilizer-N are predicted to increase further in the future [9]; however, the use of high doses of fertilizers has a negative and unpredictable impact on the environment and contaminates the soil, water and natural areas. These effects are considered a threat to human and animal health affecting the quality of life. In addition, developing countries must use cheaper and environmentally friendly alternative methods. Legumes are BNF capable and meet their own needs. The use of legume crops substantially reduces the N requirement from external sources [10]. For more than 100 years, BNF has commanded the attention of scientists concerned with plant mineral nutrition, and it has been exploited extensively in agricultural practice [11]. However, its efficiency varies, and depends on the host genotype, rhizobial efficiency, soil conditions and climatic factors [8]. Currently, the use of microorganisms capable of fixing atmospheric nitrogen is of great practical importance because it makes it possible to bridge the limits of chemical fertilization, which has resulted in unacceptable levels of water pollution [12]. In addition to pollution problems, especially in the water supply, the application of chemical fertilizers is carried out in excess, which becomes very expensive for farmers, whereas the biological fixation of nitrogen through microorganisms can be adapted to the needs of the plant [12]. In legume-Rhizobium symbiosis, rhizobia induce nodules formation on the roots of leguminous plants. In this process, N2 which is chemically inert and makes up approximately 80% of the volume present in the Earth’s atmosphere is reduced to ammonia by the bacterial enzyme nitrogenase. The nitrogenase enzymes are irreversibly damaged by exposure to atmospheric levels of oxygen. To protect the nitrogenase from the negative effects of oxygen, the plants provide a microaerobic environment to ensure the proper functioning of the nitrogenase. In addition, plants exude carbohydrates to support the metabolism of bacterial endosymbionts. In return, bacteria through symbiotic fixation of atmospheric nitrogen provide forms of nitrogen used by the plant for the synthesis of organic nitrogen compounds to meet its nutritional needs. Most of the N added naturally to soils is from biological fixation, that is, symbiotic or nonsymbiotic in nature. BNF is an efficient source of nitrogen [8]. It has been estimated that about 100 Tg N, valued at $US 40 billion, is required annually for the production of the world’s grain and oilseed crops [13], 20% comes from biological nitrogen fixation, and 26% from soil sources could also have originated from pasture or crop legume residues. The other sources are mainly from lightning discharges, burning of fossil fuels and forest and from the emission of magmatic gases. This N is added to soils as nitrate and ammonium in precipitation. If N-fertilizer derived from fossil fuels rises in price, the enhancement of BNF in agriculture will become more important. It has been reported that throughout the world, several areas of land have been degraded, and there is a need for reflection to develop new methods to stop land destruction and to institute a serious reversal of land degradation. Among the alternatives, the BNF can be used in land remediation. Legumes are well known for their ability to fertilize soils through their symbiotic relationship with specific nitrogen-fixing bacteria known as rhizobia, a name that portrays root and stem nodulating bacteria. There are approximately 700 genera and about 13,000 species of legumes, only a portion of which shown to have the ability to fix atmospheric nitrogen [12]. Soil fertilization is carried out in part by the BNF, each year, half of the amount of nitrogen fixed by microorganisms is provided by a 100 legumes in association with rhizobial strains [14]. Legumes are very important both nutritionally and agriculturally because they are very rich in protein, and are responsible for soil fertilization through symbiotic nitrogen fixation in association with rhizobia. The annual N-value of legume symbioses is about 70 million tons [15]. The accumulation of proteins in plants and the enrichment of soil in N result from the fixation of atmospheric nitrogen. Growing plants on soils that are low in mineral nitrogen often limits the growth of these plants, so the yields are affected. The need for nitrogen has meant that symbiotic relationships are evolving between plants and a variety of nitrogen-fixing organisms [16]. Nitrogen input to soils by the BNF is considered a renewable source of N for agriculture [8]. The quantities of N supplied per year and per hectare vary from 200 to 300 kg, such impressive quantities are sufficient to ensure a good yield [8, 17].
2.1.2. Phosphate solubilization
Phosphorus (P) is the most limiting element for plant growth after nitrogen. There are several forms that are inorganic (bound, fixed or labile) and organic (bound), and the concentration depends on the source. The concentration ranges from 140 ppm in carbonate rocks to over 1000 ppm in volcanic materials [18]. The majority of P applied as fertilizer enters into the immobile pools through precipitation reaction with highly reactive Al3+ and Fe3+ in acidic soils, and with Ca2+ in calcareous soils [19, 20]. The availability of phosphorus for plants is influenced by several conditions such as soil pH, aeration, temperature, texture and organic matter, extent of root systems of plants and secretions of root exudates and microbes. Soil microorganisms play a key role in soil P dynamics and subsequent availability of P to plants [10]. Although chemical fertilizer supplies plants with P requirements, excessive application of P fertilizers is costly for the farmer and harmful to the environment. The content of phosphorus in plants varies from 0.2 to 0.8% dry weight, but only 0.1% of this phosphorus is available to plants [21]. The main source of P for the plant remains in the soil solution. The P content values of agricultural soil solutions are generally very low and remain unsuitable for the needs of the host plant. With the ability to solubilize phosphate, the microbial system can compensate for the amounts of P required for growth of the host plant [22]. Several rhizobia species may solubilize phosphorus, including R. leguminosarum, R. meliloti, M. mediterraneum, Bradyrhizobium sp. and B. japonicum [23]. These bacteria solubilize phosphorus by the production of low molecular weight organic acids that act on inorganic phosphorus. A large number of strains of Rhizobium were able to solubilize phosphorous in liquid culture [24]. The importance of this ability to solubilize phosphorus in plant growth by some rhizobia has been demonstrated in chickpeas and barley [25].
2.1.3. Siderophore formation
Iron is considered an essential micronutrient of plants and is present in the soil with a significantly different distribution. Iron can be present in different forms, either in divalent (ferrous or Fe2+) or trivalent (ferric or Fe3+) states. Soil pH and Eh (redox potential) and the availability of other minerals determine the state of iron in the soil [26]. In aerobic environments, iron exists as insoluble hydroxides and oxyhydroxides, which are not available to plants and microbes [27]. In general, bacteria have the ability to synthesize siderophores, low molecular weight compounds capable of sequestering Fe3+. These siderophores have a high affinity for Fe3+, making iron available to plants. Siderophores are soluble in water and exist in extracellular and intracellular environments. Fe3+ ions are reduced to Fe2+ and released into cells by Gram-positive and -negative rhizobacteria. This reduction leads to the destruction/recycling of siderophores [27]. Siderophores can also form a stable complex with heavy metals such as Al, Cd, Cu, and so on and with radionuclides including U and NP [28]. Thus, plant inoculation by siderophore-producing bacteria protects them from stress caused by heavy metals and helps them absorb iron. Several rhizobial species nodulating various legumes are known for their production of siderophores [29].
2.1.4. Phytohormone production
Substances that stimulate plant growth at low concentrations, less than or equal to micromolar concentrations are called phytohormones. These molecules include indole-3-acetic acid (IAA) (auxin), cytokinins, gibberellins and abscisic acid.
Indole-3-acetic acid (IAA):IAA is the most advanced phytohormone that enhances root growth resulting in accelerated growth and plant development. IAA is involved in cell division, differentiation and vascular beam formation and plays a key role in nodule formation. Several of the isolated rhizosphere bacteria have been shown to produce IAA. IAA production in rhizobia is via indole-3-pyruvic acid and the indole-3-aldehyde acetic pathway. Inoculation of vetch roots with certain strains of R. leguminosarum bv. viciae shows a 60-fold increase in IAA in nodules [30]. One of the highest productions of IAA has been described by Mishra et al. [31] with the inoculation of B. japonicum-SB1 with B. thuringiensis-KR1. Co-inoculation of Pseudomonas with R. galegae bv. orientalis has shown that it produces AIA that has contributed to increased nodule numbers, root and root growth and nitrogen content. Environmental (acidic pH, osmatic and matrix stress and carbon limitation) and genetic stressors (auxin biosynthetic genes and expression mode) influence the biosynthesis of AIA [32].
Cytokinins: Cytokinin stimulates plant cell division and in some cases, root development and the formation of absorbent hairs [33]. Most rhizospheric microorganisms have been reported to release cytokinins [34]. Rhizobium strains are also capable of producing cytokinins [35].
Gibberellins: Gibberellins are considered as plant hormones ensuring the lengthening of the stems and the expansion of the leaves. Some types of dwarfism have been attributed to gibberellin deficiency, but this has no effect on the roots. Many plant growth promoting bacteria are reported to produce gibberellins [36], including Rhizobium and S. meliloti [37].
Abscisic acid: Several constraints such as low temperatures and lack of water increase the production of abscisic acid. Biosynthesis is regulated indirectly by the production of carotenoids. Unlike auxin, the movement of abscisic acid in plants has no polarity and the transport of abscisic acid can occur in both phloem and xylem tissues [38]. It has been reported that abscisic acid stimulates stomatal closure, inhibits shoot growth without affecting or even promoting root growth, inducing seeds to store proteins and dormant, inducing gene transcription of proteinase inhibitors, and thereby, providing a defense against pathogens and gibberellins [39]. Rhizobium sp. and B. japonicum produced abscisic acid [36, 37].
2.2. Indirect plant growth promotions
2.2.1. Biological control of plant disease
In addition to their plant growth promoting effects, Rhizobium spp. have been increasingly associated with disease suppressive effects in the recent literature [40, 41]. Improvements in plant health are mediated by two different ecological mechanisms: (1) antagonism of pest and pathogens and (2) stimulation of plant host defenses.
2.2.2. Antagonistic effects of rhizobia to pathogens and pest
Antagonism of pest and pathogen populations by Rhizobium spp. takes several forms wherein species are pathogens of fungi, bacteria, nematodes and/or parasitic plants. There is evidence that a strain of Bradyrhizobium japonicum can cause up to a 75% decrease in sporulation of Phytophthora megasperma, 65% in Pythium ultimum, 47% in Fusarium oxysporum and 35% in Ascochyta imperfecta [42]. These findings suggest that only one bacterial strain will control a population of a multitude of pathogenic strains, thus potentially providing bioprotection for the host plant. It is clear from these findings that rhizobia show great potential for use against plant diseases, and therefore, deserve more attention in future studies of cropping systems.
Several studies on the mode of action of Rhizobium spp. have shown that the growth inhibition of plant pathogens is ensured by the production of toxic compounds. Early work has allowed the characterization of antimicrobial activities related to extracellular compounds of Rhizobium spp. such as trifolitoxin [43] indicating that antibiosis may be part of their reported biocontrol efficacy. Mabrouk et al. [44, 45] have recently demonstrated that the beneficial effect on growth and N-fixation efficiency in pea is evident for some Rhizobium isolates. In addition to pea nodulation, inoculation with rhizobia significantly protect pea against parasitic plant (O. crenata) infection. Induced resistance in inoculated peas was characterized by reduction in seed germination of broomrape, radicle growth, parasite attachment to pea roots and finally tuber growth blockage on host roots. These observations have been attributed to the lignification and accumulation of toxic substances in pea roots following inoculation by rhizobial strains [44, 45].
2.2.3. Induction of plant defense by rhizobia against pests and diseases
Rhizobium populations may also promote plant health by stimulating the plant host. The presence of Rhizobium spp. would in this case indirectly stimulate the plant to activate its defense mechanisms when challenged with a pathogen through the production of plant defense compounds (phenolics, flavonoids or other phytoalexins, in particular). Induced resistance against Orobanche in peas inoculated with some rhizobial strains was found to be associated with significant changes in levels of the defense enzymes such as peroxidase, polyphenoloxidase and oxidative lipoxygenase (Lox), and in the accumulation toxins derived, including phenolic acids and pisatin and pea phytoalexin. These modifications were attributed to the activation of defense genes following inoculation of pea plants with rhizobia [44, 45, 47, 48]. The work of Arfaoui et al. [50] identified some isolates of Rhizobium spp. activating the defense in chickpeas against Fusarium oxysporum f. sp. in reducing the severity of the disease developed in the host plant. They showed that inoculation of chickpea plants with Rhizobium strains, a few days before the attack by Fusarium oxysporum f.sp. ciceris, allows the reduction of the incidence of wilting resulting from the significant increase in the activities of several defense-related enzymes such as peroxidases and polyphenoloxidases, resulting in the accumulation of phenolic compounds and the expression of genes related to phenylpropanoid defense [51, 52]. Induced resistance by the bacteria of the rhizosphere has been described against several pathogens such as viruses, bacteria and fungi in several species of plants. However, induction mechanisms and metabolites involved in the induction of plant defense are highly variable depending on the bacterial strain and pathosystems. Several studies have shown that salicylic acid produced by bacteria can induce resistance in many plant species. Several studies have shown that lipopolysaccharides (LPS) of rhizobia are involved in triggering induced systemic resistance (ISR). Some authors have shown that the elicitation/triggering of ISR in potato against the Globodera pallida cyst nematode results from LPS of R. etli [53, 54]. In pea, systemic resistance induced by O. crenata infection was triggered by heat-killed cells and purified LPS of Rhizobium leguminosarum [46, 48, 49].
2.2.4. Resistance of rhizobia to abiotic stress factors
In the Rhizobium-legume symbiosis, which is a N2-fixing system, the physiological state of the host plant is a determining factor in the process of atmospheric nitrogen fixation. Therefore, limiting agents do not allow the tolerant and competitive rhizobium strains to express its full nitrogen-binding capacity, which affects the vigor of the host legume. In Tunisia, several factors may limit the symbiotic nitrogen fixation, particularly drought, especially since Tunisia is located in semiarid, arid and Saharan climatic zones where annual rainfall ranges from 100 to 300 mm [55]. Drought affected the crop yields of pulses in Tunisia, which led farmers to abandon this crop in some areas. In addition to drought, legume crops are affected by salinity, soil pH, nutrient deficiency, mineral toxicity, extreme temperatures, diseases and pests [44].
2.2.5. Soil salinity
Salinity is considered a limiting factor in nodulation and nitrogen fixation in legume-Rhizobium associations, which can adversely affect the yield of legume crops [56]. Rhizobia can tolerate high concentrations unlike legume plants. The growth of certain strains is inhibited by 100 mM NaCl [57, 58], whereas other strains such as R. meliloti and R. fredii support saline concentrations greater than 300 mM [59, 60]. Therefore, in saline soils, the multiplication of these strains will not be affected in the rhizosphere of the plant host. The accumulation of K ions with several ranges of low molecular weight organic solutes is involved in the osmoadaptation of most microorganisms, in order to balance the osmotic pressure of the growth medium and to maintain the turgor pressure and allowing the cell extension [61].
2.2.6. Water deficiency and drought
Water deficiency is a major limiting factor of symbiotic nitrogen fixation in many arid regions of the Mediterranean basin. One of the immediate responses of rhizobia to water deficiency concerns the morphological changes [62, 63]. Water stress allows the reduction of legume root infection by rhizobia, hence the reduction of nodulation. In addition, the water deficit also restricts the development and function of nodules [59, 64]. The development of effective nodules in desert soils highlights that some strains can tolerate extreme conditions in soils with limited moisture levels [65, 66, 67].
2.2.7. High temperature and heat stress
In temperate regions, the free life and symbiotic life of rhizobia is affected [68]. The optimal temperature range for growth of rhizobial strains varies from 28 to 31°C. Some rhizobial strains cannot grow at 38°C, while others that survive heat stress can lose their nodulation power due to alteration of compounds involved in the infective process such as plasmid hardening or alterations of cellular polysaccharides [68]. Nodules formed at high soil temperature (35–40°C) are usually ineffective formation; however, some strains of rhizobia, such as R. leguminosarum bv. phaseoli, were heat-tolerant and formed effective symbioses with their host plants [69, 70]. These associations will be of great interest for cultivation in arid climates.
2.2.8. Acid soils and soil acidification
Acid soils constrain agricultural production in worldwide [71], with the scope of the problem likely to increase as the result of acid rain, long-term N fertilization and legume N2 fixation. Legumes are particularly affected, acidity limiting both survival and persistence of nodule bacteria in soil, and the process of nodulation itself [72]. The absence of nodules has been noted in legumes grown in acidic soils, particularly in soils with a pH below 5. The susceptibility of certain rhizobial strains to these conditions is a cause of inhibition of nodule formation [73, 74, 75]. Nodules are absent even when a viable population of Rhizobium can be demonstrated [76, 77]. Some researchers have observed that nodulation of P. sativum was 10 times more sensitive to acidity than rhizobial multiplication or plant growth [78]. Recent reports indicated that by selection of acid-soil tolerance in both symbiotic partners [79, 80], annual medics such as Medicago murex can be grown symbiotically on soils as acidic as pH 4.3 [81]. Meanwhile, the genetic control of acid tolerance in Sinorhizobium is becoming increasingly understood [82]. The establishment of legume symbioses requires the interaction of specific recognition signal molecules produced by both bacterial and plant partners [83]. It has been shown that pH affects the exchange or recognition of these signal molecules by both plant and bacterial partners in both the medic symbiosis [84] and the clover symbiosis [84, 85].
3. Conclusions
Rhizobia produce multiple beneficial effects on plant growth stimulation, host defense against disease and survival under stress with many other unknown benefits. This chapter describes the potential of rhizobia for the promotion of plant growth and highlights the different mechanisms of growth stimulation and the spectrum of resistance available against various abiotic stresses in several crops. In sustainable agriculture, the biological fixation of nitrogen is an important process, particularly in the legume farming system. To benefit from leguminous crops, it would be interesting to select symbiotic pairs adapted to severe conditions and to fix considerable quantities of nitrogen. The importance of the Rhizobium-legume interaction is not limited to their symbiotic nitrogen fixation activity or several other activities in the soil, possibly improving soil fertility and plant growth, but some strains of rhizobia can be used to protect plants against attack by pests and pathogens. However, further studies on the precise mode of action and adaptation to the different ecophysiological conditions of these microorganisms may help to maximize the benefits of rhizobia for improving plant growth and health.
Conflict of interest
Authors confirm there are no conflicts of interest.
\n',keywords:"rhizobia, PGP, biocontrol, induced resistance, stress tolerance",chapterPDFUrl:"https://cdn.intechopen.com/pdfs/59280.pdf",chapterXML:"https://mts.intechopen.com/source/xml/59280.xml",downloadPdfUrl:"/chapter/pdf-download/59280",previewPdfUrl:"/chapter/pdf-preview/59280",totalDownloads:2246,totalViews:786,totalCrossrefCites:12,totalDimensionsCites:28,totalAltmetricsMentions:3,introChapter:null,impactScore:8,impactScorePercentile:97,impactScoreQuartile:4,hasAltmetrics:1,dateSubmitted:"July 18th 2017",dateReviewed:"January 4th 2018",datePrePublished:null,datePublished:"May 30th 2018",dateFinished:"February 10th 2018",readingETA:"0",abstract:"Strong demand for food requires specific efforts by researchers involved in the agricultural sector to develop means for sufficient production. While, agriculture today faces challenges such as soil fertility loss, climate change and increased attacks of pathogens and pests. The production of sufficient quantities in a sustainable and healthy farming system is based on environmentally friendly approaches such as the use of biofertilizers, biopesticides and the return of crop residues. The multiplicity of beneficial effects of soil microorganisms, particularly plant growth promotion (PGP), highlights the need to further strengthen the research and its use in modern agriculture. Rhizobia are considered as PGP comes in symbiosis with legumes taking advantage of nutrients from plant root exudates. When interacting with legumes, rhizobia help in increased plant growth through enriching nutrients by nitrogen fixation, solubilizing phosphates and producing phytohormones, and rhizobia can increase plants’ protection by influencing the production of metabolites, improve plant defense by triggering systemic resistance induced against pests and pathogens. In addition, rhizobia contain useful variations to tolerate abiotic stresses such as extreme temperatures, pH, salinity and drought. The search for rhizobium tolerant strains is expected to improve plant growth and yield, even under a combination of constraints. This chapter summarizes the use of rhizobia in agriculture and its benefits.",reviewType:"peer-reviewed",bibtexUrl:"/chapter/bibtex/59280",risUrl:"/chapter/ris/59280",book:{id:"6099",slug:"symbiosis"},signatures:"Yassine Mabrouk, Imen Hemissi, Issam Ben Salem, Sonia Mejri,\nMouldi Saidi and Omrane Belhadj",authors:[{id:"114694",title:"Prof.",name:"Omrane",middleName:null,surname:"Belhadj",fullName:"Omrane Belhadj",slug:"omrane-belhadj",email:"omrane.belhadj@fst.rnu.tn",position:null,profilePictureURL:"//cdnintech.com/web/frontend/www/assets/author.svg",institution:null},{id:"169165",title:"Dr.",name:"Mabrouk",middleName:null,surname:"Yassine",fullName:"Mabrouk Yassine",slug:"mabrouk-yassine",email:"mabrouk.yassine@cnstn.rnrt.tn",position:null,profilePictureURL:"//cdnintech.com/web/frontend/www/assets/author.svg",institution:{name:"Centre National des Sciences et Technologies Nucléaires",institutionURL:null,country:{name:"Tunisia"}}},{id:"193503",title:"Dr.",name:"Issam",middleName:null,surname:"Ben Salem",fullName:"Issam Ben Salem",slug:"issam-ben-salem",email:"issamcnstn@yahoo.fr",position:null,profilePictureURL:"//cdnintech.com/web/frontend/www/assets/author.svg",institution:{name:"Centre National des Sciences et Technologies Nucléaires",institutionURL:null,country:{name:"Tunisia"}}},{id:"203025",title:"Dr.",name:"Imen",middleName:null,surname:"Hemissi",fullName:"Imen Hemissi",slug:"imen-hemissi",email:"imen.hemissi@yahoo.fr",position:null,profilePictureURL:"//cdnintech.com/web/frontend/www/assets/author.svg",institution:{name:"Institut National de la Recherche Agronomique de Tunisie",institutionURL:null,country:{name:"Tunisia"}}},{id:"203027",title:"Prof.",name:"Mouldi",middleName:null,surname:"Saidi",fullName:"Mouldi Saidi",slug:"mouldi-saidi",email:"mouldibenlamari@gmail.com",position:null,profilePictureURL:"//cdnintech.com/web/frontend/www/assets/author.svg",institution:{name:"Centre National des Sciences et Technologies Nucléaires",institutionURL:null,country:{name:"Tunisia"}}},{id:"219610",title:"Dr.",name:"Sonia",middleName:null,surname:"Mejri",fullName:"Sonia Mejri",slug:"sonia-mejri",email:"son.mejri@gmail.com",position:null,profilePictureURL:"//cdnintech.com/web/frontend/www/assets/author.svg",institution:{name:"Centre National des Sciences et Technologies Nucléaires",institutionURL:null,country:{name:"Tunisia"}}}],sections:[{id:"sec_1",title:"1. Introduction",level:"1"},{id:"sec_2",title:"2. Plant growth promotion by rhizobia inoculation",level:"1"},{id:"sec_2_2",title:"2.1. Direct plant growth promotions",level:"2"},{id:"sec_2_3",title:"2.1.1. Biological nitrogen fixation",level:"3"},{id:"sec_3_3",title:"2.1.2. Phosphate solubilization",level:"3"},{id:"sec_4_3",title:"2.1.3. Siderophore formation",level:"3"},{id:"sec_5_3",title:"2.1.4. Phytohormone production",level:"3"},{id:"sec_7_2",title:"2.2. Indirect plant growth promotions",level:"2"},{id:"sec_7_3",title:"2.2.1. Biological control of plant disease",level:"3"},{id:"sec_8_3",title:"2.2.2. Antagonistic effects of rhizobia to pathogens and pest",level:"3"},{id:"sec_9_3",title:"2.2.3. Induction of plant defense by rhizobia against pests and diseases",level:"3"},{id:"sec_10_3",title:"2.2.4. Resistance of rhizobia to abiotic stress factors",level:"3"},{id:"sec_11_3",title:"2.2.5. Soil salinity",level:"3"},{id:"sec_12_3",title:"2.2.6. Water deficiency and drought",level:"3"},{id:"sec_13_3",title:"2.2.7. High temperature and heat stress",level:"3"},{id:"sec_14_3",title:"2.2.8. Acid soils and soil acidification",level:"3"},{id:"sec_17",title:"3. Conclusions",level:"1"},{id:"sec_21",title:"Conflict of interest",level:"1"}],chapterReferences:[{id:"B1",body:'Vance CP. Legume symbiotic nitrogen fixation: Agronomic aspects. In: Spaink HP et al., editors. The Rhizobiaceae. Dordrecht: Kluwer Academic Publishers; 1998. pp. 509-530'},{id:"B2",body:'Ouma EW, Asango AM, Maingi J, Njeru EM. Elucidating the potential of native rhizobial isolates to improve biological nitrogen fixation and growth of common bean and soybean in smallholder farming systems of Kenya. International Journal of Agronomy. 2016:1-7'},{id:"B3",body:'Sessitsch A, Howieson JG, Perret X, Antoun H, Martínez-Romero E. Advances in Rhizobium research. Critical Reviews in Plant Science. 2002;21:323-378'},{id:"B4",body:'Zou N, Dart PJ, Marcar N. 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Growth and nodulation responses of Rhizobium meliloti to water stress induced by permeating and nonpermeating solutes. Applied and Environmental Microbiology. 1989;55:2431-2436'},{id:"B64",body:'Serraj R, Sinclair TR, Purcell LC. Symbiotic N2 fixation response to drought. Journal of Experimental Botany. 1999;50:143-155'},{id:"B65",body:'Jenkins MB, Virginia RA, Jarrel WM. Ecology of fast-growing and slow-growing mesquite-nodulating rhizobia in Chihuahua and Sonoran desert ecosystems. Soil Science Society of America Journal. 1989;53:543-549'},{id:"B66",body:'Waldon HB, Jenkins MB, Virginia RA, Harding EE. Characteristics of woodland rhizobial populations from surface and deep-soil environment of the Sonoran Desert. Applied and Environmental Microbiology. 1989;55:3058-3064'},{id:"B67",body:'Fuhrmann J, Davey CB, Wollum AG. Desiccation tolerance in clover rhizobia in sterile soils. Soil Science Society of America Journal. 1986;50:639-644'},{id:"B68",body:'Zahran HH. Rhizobium-legume symbiosis and nitrogen fixation under severe conditions and in an arid climate. Microbiology and Molecular Biology Reviews. 1999;63:968-989'},{id:"B69",body:'Hungria M, Franco AA. Effects of high temperature on nodulation and nitrogen fixation by Phaseolus vulgaris L. Plant and Soil. 1993;149:95-102'},{id:"B70",body:'Michiels J, Verreth C, Vanderleyden J. Effects of temperature stress on bean-nodulating Rhizobium strains. Applied and Environmental Microbiology. 1994;60:1206-1212'},{id:"B71",body:'Edwards DG, HAH S, MNM Y, Grundon NJ, Shamshuddin J, Norhayati M. The management of soil acidity for sustainable crop production. In: Wright RJ et al., editors. Plant–Soil Interaction at Low pH. Dordrecht: Kluwer Academic Publishers; 1991. pp. 383-396'},{id:"B72",body:'Correa OS, Barneix AJ. Cellular mechanisms of pH tolerance in Rhizobium loti. World Journal of Microbiology and Biotechnology. 1997;13:153-157'},{id:"B73",body:'HEA B, Biro B, Balazsy S, Kecskes M. Effects of some environmental factors on Rhizobium and Bradyrhizobium strains. Acta Microbiologica et Immunologica Hungarica. 1995;42:61-69'},{id:"B74",body:'Carter JM, Gardner WK, Gibson AH. Improved growth and yield of faba beans (Vicia faba cv. Fiord) by inoculation with strains of Rhizobium leguminosarum biovar viciae in acid soils in south-west Victoria. Australian Journal Agricultural Research. 1994;45:613-623'},{id:"B75",body:'Graham PH, Viteri SE, Mackie F, Vargas AT, Palacios A. Variation in acid soil tolerance among strains of Rhizobium phaseoli. Field Crops Research. 1982;5:121-128'},{id:"B76",body:'Graham PH. Stress tolerance in Rhizobium and Bradyrhizobium, and nodulation under adverse soil conditions. Canadian Journal of Microbiology. 1992;38:475-484'},{id:"B77",body:'Graham PH, Draeger K, Ferrey ML, Conroy MJ, Hammer BE, Martinez E, Naarons SR, Quinto C. Acid pH tolerance in strains of Rhizobium and Bradyrhizobium, and initial studies on the basis for acid tolerance of Rhizobium tropici UMR1899. Canadian Journal of Microbiology. 1994;40:198-207'},{id:"B78",body:'Evans LS, Lewin KF, Vella FA. Effect on nutrient medium pH on symbiotic nitrogen fixation by Rhizobium leguminosarum and Pisum sativum. Plant and Soil. 1980;56:71-80'},{id:"B79",body:'Howieson JG, Ewing MA. Acid tolerance in the Rhizobium meliloti–Medicago symbiosis. Australian Journal of Agricultural Research. 1986;37:55-64'},{id:"B80",body:'Howieson JG, Ewing MA. Annual species of Medicago differ greatly in their ability to nodulate on acid soils. Australian Journal of Agricultural Research. 1989;40:843-850'},{id:"B81",body:'Cheng E, Watkin G, O’Hara Howieson J. Medicago sativa, Medicago murex differ in the nodulation response to soil acidity. Plant and Soil. 2002;238:31-39'},{id:"B82",body:'Dilworth MJ, Howieson JG, Reeve WG, Tiwari RP, Glenn AR. Acid tolerance in legume root nodule bacteria, selecting for it. Australian Journal of Experimental Agriculture. 2001;41:435-446'},{id:"B83",body:'Denarie J, Debelle F, Prome JC. Rhizobium lipo-chitooligosaccharide nodulation factors, signaling molecules mediating recognition, morphogenesis. Annual Review of Biochemistry. 1996;65:503-535'},{id:"B84",body:'Howieson JG, Robson AD, Abbot LK. Acid-tolerant species of Medicago produce root exudates at low pH which induce the expression of nodulation genes in Rhizobium meliloti. Australian Journal of Plant Physiology. 1992;19:287-296'},{id:"B85",body:'Richardson AE, Djordjevic MA, Rolfe BG, Simpson RJ. Effects of pH, Ca, al on the exudation from clover seedlings of compounds that induce the expression of nodulation genes in Rhizobium meliloti. Plant and Soil. 1988;109:37-47'}],footnotes:[],contributors:[{corresp:"yes",contributorFullName:"Yassine Mabrouk",address:"mabrouk.yassine@cnstn.rnrt.tn",affiliation:'
Laboratoire de Biotechnologies et Technologie Nucléaire, National Center for Nuclear Sciences and Technologies, Technopole de sidi Thabet, Tunisie
Laboratoire de Biochimie et Technobiologie, Faculté des Sciences de Tunis, Université de Tunis El Manar, Tunisia
Laboratoire de Biochimie et Technobiologie, Faculté des Sciences de Tunis, Université de Tunis El Manar, Tunisia
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1. Introduction
Corporate social responsibility (CSR) has been described as the importance of pursuing environmental and social goals involving all shareholders and not just financial goals [1].
In a similar context, the concept of sustainability also comes up. Both CSR and sustainability are widely used terms. According to [2], sustainability requires us to “meet the needs of the present without compromising the ability of future generations to meet their own needs” (page 41). Therefore, CSR is the contribution of companies to sustainable development efforts, taking into account the impact of their social and environmental actions and their contribution to the improvement of society as a whole and of the surrounding environment [3].
CSR has been studied over the years with a special emphasis on the benefits it does generate in the company’s financial performance. Many authors who have addressed the relationship between CSR and financial performance have come to different conclusions. Many claim that there is a positive relationship [4, 5, 6], others argue that the existing relationship is negative [7, 8], while others claim that there is no relationship at all [9]. These differences may be due to the lack of theoretical support behind the hypotheses formulated and the limitations in the design and size of the sample and the variables used [10]. Also, Davidson and Worrell [11] state that sometimes doubtful CSR indexes or inappropriate techniques are used, which may contribute to the mix results found in the literature.
Our main motivation to study this topic is directly related to the growing concern of companies with the environmental and social issues, since there is a greater understanding that being socially responsible increases their reputation and image, thus generating short-, medium-, and long-term benefits. In addition, most studies on the relation between CSR and finance performance focus on a single industry or country.
Therefore, the main objective of this chapter is to analyze whether companies that pursue CSR-based policies have a higher level of financial performance compared to those that do not in an international sample. A separate analysis of this relationship will also be conducted and will be focused on the last financial crisis period in order to figure out whether or not companies sharing these environmental and social concerns have higher financial performances than their peers. To this end, 266 companies from 15 European countries were analyzed in a 10-year period from 2007 to 2016.
Results suggest that companies pursuing CSR-based policies have, on average, higher financial performance than those that do not. In the same way, during the period of financial crisis, companies pursuing CSR-based policies are found to have outperformed other companies in line with existing literature trends [12, 13, 14, 15, 16].
The study is divided as follows: Section 2 reviews the literature in order to have the theoretical support for the development of the hypothesis; Section 3 presents the sample selection process and the methodology used; Section 4 describes and analyzes the results obtained, and lastly, Section 5 presents the main conclusions.
2. Literature review
2.1 Sustainability and social responsibility—the same?
The concept of sustainability has undergone some changes in terms of approach, theories, and terminology. Its emergence was primarily due to a greater focus on existing environmental problems, but this concept has changed over time and gained a new perspective, including two further strands, the social and the economic [17]. In the past 15 years, scientific debate regarding sustainability has grown, focusing on the intertwining between the economic, environmental, and social goals [18]. Companies have begun to refer to this concept using different terminologies such as “sustainable development,” “sustainability,” “corporate social responsibility,” or “corporate responsibility.”
According to [19], the concept of sustainability that embraces the three trends listed above is called triple bottom line or three Ps: planet (environmental), people (social), and profit (economic). Each strand interconnects with the others in order to establish a balance of responsibility where all interests are balanced, thus generating value for the company. In the same way, over time, the concept of CSR has won the attention of companies and their shareholders, along with a new meaning, since companies have realized that their business purposes have broadened beyond the economic purpose of generating profit for its shareholders, now encompassing the interests of all stakeholders [20]. Indeed, according to [18], companies must consider the stakeholders’ expectations and decisions. These authors highlighted the stakeholders’ involvement and their role in the strategic management of organizations as a relevant topic for academic scholars. Also, Del Giudice et al. [21] underlined the crucial role played by owner-managers when engaging in sustainability activities jointly with employees and other stakeholders.
Currently, the pressure on business is high, and shareholders are increasingly asking companies for information not only on the economic and financial performance but also on their environmental and social concerns [22, 23, 24, 25]. Thus, a greater transparency about the CSR activities is expected by shareholders [26]. In fact, with the emergence of greater environmental and social concerns, a greater emphasis on business transparency and accountability began to emerge. Following these new expectations, stakeholders are demonstrating a growing interest on sustainability performance and thus there is an increasing pressure on businesses to report on sustainability [18]. The nonfinancial reporting, together with the financial reporting, aims to provide shareholders “with the picture of corporate positions and activities on the economic, environmental and social fronts. In short, such reports attempt to describe company’s contribution toward to sustainable development” [27], page 9).
Moreover, Cucari et al. [26] highlighted the importance of companies having a CSR committee. Indeed, through a CSR committee, companies can better plan and implement sustainable projects, enhancing the awareness and involvement of the stakeholders and ensuring the quality of the reporting process.
As can be seen, although sustainability has emerged from environmental problems and CSR from the emergence of social problems, both have a common intention, since their ultimate goal is to balance on both sides.
2.2 Benefits and limitations of pursuing a CSR-based policy
There are many reasons for pursuing a CSR-based policy. Kurucz et al. [28] define four reasons:
Cost and risk reduction—environmental investments can lead to cost and risk reduction for the company, as there is present and future compliance with environmental legislation [29]. Building positive relationships with the surrounding community also results in reduced risks and costs [29].
Competitive advantage—Singha et al. [30] suggest that environmental ethics influences environmental performance and competitive advantage. Competitive advantage is built thanks to the business commitment and adoption of CSR activities in order to meet the stakeholder’s requirements. One of the most commonly used examples in literature is consumer loyalty. Pivato [31] shows that increased consumer loyalty is often the result of the adoption of CSR activities by companies. Also, socially responsible companies attract more investment. Certain investors avoid companies that do not fulfill their defined values and mission, which break the law and its principles [32].
Reputation development—Smith [33] argues that CSR activities attract investors, consumers, and workers and explains that many workers prefer to work in companies that are more socially responsible. Brammer and Pavelin [34] underline the great importance of disclosing social responsibility reports.
Value creation—Value creation through CSR practices enables companies, on the one hand, to meet the demands of all shareholders and, on the other hand, to pursue operations inherent to its core business. By enabling the involvement of all related parties and meeting their demands, the company can achieve a greater financial performance with the support of all through new opportunities and solutions [35].
However, the adoption of strategies that meet the concept of CSR may involve certain costs for companies, such as the implementation of quality control equipment, the purchase of environmentally friendly equipment. Hence, it is necessary to analyze the benefits and the risks and costs of applying CSR in the business world.
2.3 Relationship between CSR and financial performance
For any company, when costs or investments of any kind are incurred, the financial return is always analyzed, that is, an investment is considered good when it generates future benefits. Thus, in order to fully understand whether the application of the CSR concept has a positive impact on the company, a link must be established with the future benefits it may bring (or not) to the company’s financial performance. Thus, the relationship between CSR and corporate financial performance is a relevant topic in business management literature.
There is evidence of a positive relationship between CSR and financial performance [12, 14, 15, 16]. A good financial performance results in good social performance as companies that are more profitable have more resources to invest in social activities. On the other way, greater investment in social activities attracts more and better resources, conscious consumers, and a higher reputation, further generating greater competitive advantage over other companies.
Today, companies view reputation as an extremely important factor that must be maintained and protected [3]. A greater focus on CSR makes the company more appealing to investments and consequently leads to a higher financial performance [36], given that the current investors are aware of the importance of social, environmental, and economic concerns. Some authors also argue that there are larger investments in companies with better social performance [37]. Similarly, Eccles et al. [38] come to the conclusion that it really matters to invest in CSR. Companies that do so have a higher financial performance, creating greater value for all their shareholders, given that they gain loyal consumers and more committed workers. On the other way around, Singha et al. [30] highlight that committed workers and top management, along with sustainable environmental management practices, enhance the firm’s environmental performance and that, in turn, will positively influence its competitive advantage.
However, others authors, based on the shareholder theory, claim that the relationship between CSR and finance performance is negative because the company’s motto is the creation of profit for the shareholder and that is not consistent with the increased costs of social responsibility activities [39, 40]. Also, the incremental costs from social responsibility activities may lead to losses in the company’s competitive capacity [41]. Following this point of view, CSR activities have a negative impact on the financial performance and therefore reduce the shareholder benefits.
Considering the trend in literature according to which companies pursuing policies based on corporate social responsibility have a higher level of financial performance compared to those that do not, we formulated our hypothesis as follows:
Hypothesis: Companies that pursue CSR-based policies have a higher financial performance compared to those that do not.
3. Data and methodology
3.1 Sample and data collection
The sample was obtained from the STOXX Europe 600 Index and the information was accessed during February 2018. Financial information was taken from Bureau Van Dijk’s Amadeus database, version 14.07. Additional data was taken from FTSE Group and World Bank.
Our measure of CSR is based on The STOXX Europe Sustainability Index, a subset from the STOXX Europe 600 Index. It aggregates the selected companies according to a sector-business analysis together with sustainability assessments based on environmental, social, and economic criteria. The assessment is considered positive if the combination of company valuation and sector valuation results in a shaded matrix field in the Sarasin Sustainability Matrix [42].
From the initial sample of 600 companies, all those belonging to the public and financial sectors were excluded due to their specific rules and legislation, thus avoiding possible bias in the results. Companies for which it was not possible to calculate all the variables under study were also removed.
Besides, in order to avoid bias due to the extreme values found, outliers were also removed. Outliers are defined as the values of the variables below percentile 5% and above percentile 95%. Therefore, the final sample used for the study consists of 266 companies, with a total of 2660 observations.
Through the analysis of the sample composition by country (Table 1), we can see that most of the companies are from the United Kingdom with 84 companies (32%), France with 50 companies (19%), and Germany with 36 companies (14%).
Country
Number
% of Total
The United Kingdom
84
32
France
50
19
Germany
36
14
Sweden
17
6
Switzerland
17
6
Spain
14
5
Denmark
12
5
Finland
10
4
The Netherlands
8
3
Belgium
4
2
Norway
4
2
Italy
3
1
Portugal
3
1
Austria
2
0
Ireland
2
0
Total
266
100
Table 1.
Sample by country.
According to the North American Industry Classification System (NAICS), the 266 companies were divided into 14 sectors. The most represented sectors are the professional, scientific, and technical services sectors with 85 companies (32%), followed by the industrial and other services sectors with, respectively, 53 companies (20%) and 34 companies (13%) (Table 2).
Sector
Number
% of Total
Mining and quarrying
11
4
Utility vehicles
0
0
Building and construction
9
3
Industrial
53
20
Retail trade
20
8
Transportation
11
4
Information
25
9
Real estate
6
2
Professional, scientific, and technical services
85
32
Administrative services, support, and waste management
3
1
Health care and social assistance
1
0
Art—entertainment and recreation
4
2
Hospitality and food services
4
2
Other services
34
13
Total
266
100
Table 2.
Sample by sector.
3.2 Empirical model
Prior research on CSR has measured financial performance using accounting-based measures or market-based measures (e.g., see [14, 43, 44]). As accounting-based measures, those authors have used return on equity (ROE) and return on assets (ROA) and, as market-based measures, they use the Tobin’s Q . These two types of measures can capture the two dimensions of financial performance: the short-term through ROE and ROA [15] and the long-term and future evaluation through Tobin’s Q [14]. Indeed, several authors choose to use Tobin’s Q in order to study the relation between CSR and financial performance in a long-term perspective [39, 45].
Following previous studies, financial performance is measured by both ROE and ROA as accounting measures of short-term financial performance. ROE provides information on how efficient the company is in using its shareholder’s invested capital [39], while ROA measures the efficiency that comes from using all company’s assets during a fiscal year, that is, the ability to generate earnings [15]. Both profitability ratios are based on the company’s net income over a given fiscal period because it is what effectively “remains” after all expenses are deducted from the income obtained, thus presenting the impact of financial policies and also the tax burden incurred by companies in different countries. We also use Tobin’s Q as a market-based measure of long-term value which has proven to be an important variable to assess the future financial performance [46].
Therefore, based on [43], three estimation models were developed to test the hypothesis:
CSR is a dummy variable that assumes the value 1 if the company belongs to the STOXX Europe Sustainability Index and value 0 otherwise. The STOXX Europe Sustainability Index aggregates companies based on their sustainability ratings. The index i represents each of the companies in the sample, and the index t refers to the year. The estimation method used was the pooled Ordinary Least Squares. We controlled for unobserved country and year heterogeneity using country and year fixed effects. The standard errors were grouped by company in order to correct the presence of autocorrelation.
Based on prior literature, the following control variables were chosen: Size, Leverage, Industry, Country, Financial Slack, and Crisis. Size is a relevant control variable since larger companies are assumed to have more visibility, and to generate a greater impact with their operations [47], they are more likely to adopt CSR policies compared to small companies [12, 23]. Financial leverage was also taken into account since high debt levels lead to high levels of financial leverage causing a negative impact on financial performance [48]. In line with this conclusion, [12] also showed that this negative impact continued to persist when financial leverage was introduced in a CSR regression.
In addition, the type of business activities [49] as well as the level of economic development of a country [50] may be related to a higher or lower CSR. Indeed, companies developing activities with high social and environmental impacts tend to adopt more CSR policies compared to others. Besides, companies with high liquidity are more likely to adopt CSR policies compared to others with less liquidity that can only focus on their own business activities [51]. Appendix 1 provides more detailed information about variables’ measurement.
4. Result analysis
4.1 Descriptive statistics
Table 3 presents the descriptive statistics of the variables for the total sample. ROE, ROA, and Tobin’s Q present averages of 14.0, 5.4, and 97.6% and medians of 13.5, 5.1, and 0.786%, respectively. Regarding the standard deviation statistical measure, the values are small regarding the averages of each of the variables and do not show huge discrepancies, suggesting a certain normality in the sample distribution.
Variáveis
Mean
Median
Max.
Min.
Standard deviation
ROE
0.140
0.135
0.720
−0.879
0.139
ROA
0.054
0.051
0.210
−0.786
0.058
Tobin’s Q
0.976
0.786
3.55
0.024
0.709
Size
6.855
6.831
8.121
4.817
0.569
Leverage
0.585
0.595
0.909
0.001
0.159
Financial lack
1.510
1.332
5.865
0.072
0.823
Table 3.
Descriptive statistics for the whole sample.
Furthermore, it is possible to observe that companies have, on average, a level of indebtedness of approximately 59%, suggesting that they rely more on external capital than on equity to meet the asset needs. In terms of the current liquidity, that is, the ability to meet short-term liabilities, the result is higher than 1 (1.51), which means that companies have a favorable short-term financial situation.
In a next step, we divided the sample into two subsets, companies that pursue social responsibility-based policies (SRSE) and those that do not (NRSE). Tables 4 and 5 present the values for the SRSE and NRSE, respectively.
Variables
Mean
Median
Max.
Min.
Standard deviation
ROE
0.156
0.147
0.582
−0.767
0.131
ROA
0.061
0.056
0.210
−0.786
0.060
Tobin’s Q
1.073
0.882
3.55
0.024
0.749
Size
6.974
6.969
8.046
5.315
0.499
Leverage
0.616
0.618
0.907
0.065
0.148
Financial Slack
1.419
1.306
5.728
0.072
0.719
Table 4.
Descriptive statistics for SRSE.
Variables
Mean
Median
Max.
Min.
Standard deviation
ROE
0.099
0.094
0.72
−0.879
0.148
ROA
0.037
0.036
0.198
−0.399
0.049
Tobin’s Q
0.724
0.597
3.368
0.024
0.516
Size
6.809
6.762
8.121
4.818
0.589
Leverage
0.573
0.587
0.909
0.001
0.163
Financial Slack
1.545
1.349
5.865
0.114
0.858
Table 5.
Descriptive statistics for NSRSE.
It is possible to observe that the SRSE shows, on average, higher values than the NRSE for all financial performance measures, which means that, on average, SRSE has a higher financial performance compared to the NRSE. Moreover, the average of Tobin’s Q in SRSE is higher than 1, while in NSRSE it is lower than 1, suggesting that companies pursuing social responsibility-based polices are more valued by the market.
For the remaining variables, on average, SRSE is larger than NRSE and the debt ratio is higher for SRSE compared to NRSE by approximately 4 percentage points (61.6% for SRSE and 57.3% for NRSE). On the contrary, Financial Slack presents higher value for NRSE (current liquidity of 1.545) on comparing to SRSE (current liquidity of 1.419).
Table 6 shows the results of the mean equality test of the dependent variables ROE, ROA, and Tobin’s Q . Results suggest that there is statistical evidence to assert that the means are different between SRSE and NSRSE, since the p-value is 0.000 in all dependent variables.
Companies
Number
ROE
ROA
Tobin’s Q
SRSE
740
0.156
0.061
1.073
NRSE
1920
0.099
0.037
0.724
p-Value
0.000
0.000
0.000
Table 6.
Mean t-test results.
The correlation between the different variables is presented in Appendix 2. Most of the variables do not show strong correlations with each other and are statistically significant at 1%, except for the correlation of the Leverage and Low Impact variables, which are statistically significant at 5%.
The dependent variables ROE, ROA, and Tobin’s Q are positively correlated with the independent variable CSR, suggesting that firms that pursue CSR activities have higher financial performance. Regarding the control variables, Size, Low Impact, Country, and Financial Slack are positively related to the dependent variables, suggesting that companies with higher financial performance values are larger, have low environmental impacts, belong to countries with high economic development, and have higher liquidity values. On the other hand, the dependent variables are negatively correlated with Leverage, Medium Impact, and High Impact, meaning that companies with high debt values and higher environmental impact have lower financial performance values.
A multicollinearity test was performed by calculating the variance inflation factors (VIFs). The values are less than 10, suggesting that there are no multicollinearity problems.
4.2 Relationship between CSR and performance level
The main results of the three linear regressions estimated, Eqs. (1)–(3), are presented in Table 7.
Regarding the coefficient of the independent variable CSR, it assumes positive values for all models, with statistical significance at 5%, suggesting that companies that pursue CSR-based policies have a higher financial performance compared to those that do not. This is most visible in model 3 as the coefficient has the highest value.
Regarding control variables, most have statistically significant coefficients at 1% except for the Leverage and Financial Slack variable in model 1 which is statistically significant at 5%; Size and Financial Slack in model 2, which is statistically significant only at 10% and 5%, respectively; and Financial Slack which has a statistically significant value at 5% in all models. The expected signal for all variables is also confirmed. Thus, the Size variable has a positive coefficient for all models, which means that assuming everything else remains constant, larger companies show higher financial performance. The Leverage variable has a negative coefficient in all models, which means that the higher the corporate indebtedness, the higher the leverage level and consequently the lower the financial performance, confirming the studies of Waddock and Graves and Capon et al. [12, 48]. Given the industry in which companies operate and the impact they have on environmental and social levels, it can be stated that the Low Impact variable has a positive coefficient for all models and the Medium Impact and High Impact variables present negative coefficients also for all models.
Regarding the Country variable, it has a positive coefficient for all the models, suggesting that firms in the countries with the highest level of economic development have higher financial performance. Finally, the Financial Slack variable also has a positive coefficient for all models, meaning that companies with higher working capital values have a higher financial performance.
Based on R2 values, the first model explains 13.0% of the total variation of the ROE, the second one 17.9% of the total variation of the ROA, and the third one 31.3% of the total variation of the Tobin’s Q . The third model shows the highest value, which is in agreement with the study by [52].
Finally, the models are valid in the explanation of the ROE, ROA, and Tobin’s Q measures because the p-value of the F-statistics is equal to 0.000 in all the models which means that the hypothesis of joint nullity of the independent variable coefficients can be rejected.
In conclusion, the results support our hypothesis that companies pursuing CSR-based policies have a higher financial performance compared to those that do not, both in the short-term (ROE and ROA) and in the long-term (Tobin’s Q).
4.3 Impact of financial crisis in financial performance
Given that most of the previous studies look at the relationship between CSR and financial performance in periods of nonfinancial crisis, it would be interesting to understand how this relationship works during periods of recession. In fact, the last economic and financial crisis (2009–2013) was considered by many as the worst financial crisis since the Great Recession of 1930 with a huge impact on the lives of companies, notably on their financial performance [53].
According to [54], financial crisis affects negatively corporate financial performance. During these periods, investors are more concerned about financial performance and the disclosure of CSR information may minimize this concern [55].
In order to focus on the effects of crisis on the financial performance of companies pursuing CSR policies, a modification was made to the models, including the Crisis dummy variable and a Crisis * CSR interaction variable. This modification makes the impact of the financial crisis on the relationship between CSR and the financial performance more clear [52].
Table 8 presents the main results of this additional analysis. We chose not to present the results for the remaining variables to make it simpler.
Relation between CSR and financial performance: Impact of crisis.
Statistical significance at 10%.
Statistical significance at 5%.
Statistical significance at 1%.
There is statistical evidence that, in years of crisis, companies with SRSE have a higher financial performance compared to NRSE, since the coefficient of the interaction variable Crisis * CSR is positive and statistically significant for the three models studied. Thus, keeping all other factors constant, in the years of financial crisis, it appears that the ROE for the SRSE is on average 0.072 higher than ROE for the NRSE, the ROA is 0.02 higher, and the Tobin’s Q is 0.114 higher, on comparing to the NRSE. The Crisis variable has a negative and statistically significant coefficient in all models, suggesting that the NRSE in the years affected by the financial crisis showed a reduction in financial performance. During the years of financial crisis, the SRSE presented an average increase of 0.038 units (0.072–0.034) in model 1, an increase of 0.008 units (0.020–0.012) in model 2, and an increase of 0.004 units (0.114–0.110) in model 3.
Given that the financial performance of SRSE decreased less than the financial performance of the NRSE during the period of crisis, it was possible to conclude that during the period of financial crisis, the financial performance of companies adopting CSR-based policies suffered fewer negative impacts compared to the financial performance of companies that do not. These results are in line with [56], which concluded that with the onset of the subprime financial crisis, the positive relationship between financial performance and CSR was disappearing but that was inverted when companies began implementing CSR strategies.
5. Conclusions
Companies pursuing corporate social responsibility policies have realized how important is to build and protect their corporate reputation through the use of corporate social responsibility policies, leaving behind the idea of the traditional company that focused on financial performance only.
This study was conducted to understand whether companies pursuing policies based on social responsibility outperform those that do not as well as how financial performance of both types of companies was affected by the financial crisis. Companies that have a good relationship with society, as the activities they perform improve the quality of life and the environment, are probably better accepted by the market and therefore are in a better position than the rest of companies.
The results suggest that indeed, on average, companies that pursue policies based on corporate social responsibility have higher values of financial performance compared to companies that do not pursue these policies, both in the short-term (ROE and ROA) and in the long-term (Tobin’s Q). This is in line with the studies by Griffin, Margolis and Walsh, and Orlitzky et al. [4, 5, 6].
During the period of crisis, it is possible to conclude that all companies suffered a reduction in financial performance. However, this reduction is less negative in companies that pursue policies based on corporate social responsibility. In fact, this group of companies maintained their performance above the others even during this period of crisis, which meets the findings of Marti et al. [52].
This study contributes to the existing literature on social responsibility and corporate financial performance by providing an overview of the positive aspects of “betting” on social responsibility policies and the resulting benefits. It also contributes to the literatures that study the impact of financial crisis on the relation between corporate social responsibility and finance performance. Thus, it highlights the idea that socially responsible companies benefit from a stronger reputation and image and are therefore better accepted by society, which in turn generates short- and long-term benefits.
The main difficulty found when preparing this study was the lack of information on the variables used, which contributed to reduce the size of the sample. Also, the lack of information made it impossible to use some important variables such as research and development. Therefore, our results should be interpreted with some caution.
Acknowledgments
The authors are grateful for the financial support from FCT-Fundação para a Ciência e Tecnologia (Portugal), national funding through research grant (UIDB/04521/2020).
A.1 Appendix 1. Variables description
Variables
Calculation
Dependent variables
ROE
Ratio between net income and equity
ROA
Ratio between net income and total assets
Tobin’s Q
Ratio between market capitalization and total asset value
Independent variables
CSR
Dummy variable that assumes the value 1 if the company belongs to the STOXX Europe Sustainability Index and value 0 otherwise
Dummy variable assuming value 1 if the company is located in a country with a high gross national income growth rate and value 0 otherwise. Information was taken from World Bank.
Financial Slack
Current ratio (current assets divided by current liabilities)
Crisis
Dummy variable that assumes value 1 for the 2009–2013 period data and value 0 otherwise.
\n',keywords:"corporate social responsibility, financial crisis, financial performance, STOXX Europe 600, Tobin’s Q",chapterPDFUrl:"https://cdn.intechopen.com/pdfs/73206.pdf",chapterXML:"https://mts.intechopen.com/source/xml/73206.xml",downloadPdfUrl:"/chapter/pdf-download/73206",previewPdfUrl:"/chapter/pdf-preview/73206",totalDownloads:678,totalViews:0,totalCrossrefCites:0,dateSubmitted:"July 28th 2020",dateReviewed:"August 10th 2020",datePrePublished:"September 15th 2020",datePublished:"March 16th 2022",dateFinished:"September 14th 2020",readingETA:"0",abstract:"The main objective of this study is to analyze whether companies that pursue corporate social responsibility (CSR)-based policies have a higher level of financial performance compared to those that do not. Additionally, we study the effect of the last financial crisis on the relationship between CSR and financial performance in order to figure out whether or not companies sharing these environmental and social concerns had higher financial performance than their peers. To do so, three empirical models are designed, combining both traditional accounting measures (return on equity and return on assets) and a measure sensible to market values (Tobin’s Q) to assess the financial performance. A sample of 266 listed companies, from 15 European countries and 14 industries, listed on the STOXX Europe 600, is analyzed. Results suggest that companies pursuing CSR policies financially outperform their peers, and these results are supported even during the financial crisis period. This study highlights the idea that companies pursuing CSR policies put a considerable effort on building a stronger corporate reputation which in turn generates short- and long-term benefits, leaving behind the idea of the traditional companies that focused only on financial performance.",reviewType:"peer-reviewed",bibtexUrl:"/chapter/bibtex/73206",risUrl:"/chapter/ris/73206",signatures:"Cristina Gaio and Rita Henriques",book:{id:"9032",type:"book",title:"Corporate Social Responsibility",subtitle:null,fullTitle:"Corporate Social Responsibility",slug:"corporate-social-responsibility",publishedDate:"March 16th 2022",bookSignature:"Beatrice Orlando",coverURL:"https://cdn.intechopen.com/books/images_new/9032.jpg",licenceType:"CC BY 3.0",editedByType:"Edited by",isbn:"978-1-83880-939-3",printIsbn:"978-1-83880-938-6",pdfIsbn:"978-1-83880-940-9",isAvailableForWebshopOrdering:!0,editors:[{id:"232969",title:"Prof.",name:"Beatrice",middleName:null,surname:"Orlando",slug:"beatrice-orlando",fullName:"Beatrice Orlando"}],productType:{id:"1",title:"Edited Volume",chapterContentType:"chapter",authoredCaption:"Edited by"}},authors:[{id:"321584",title:"Prof.",name:"Cristina",middleName:null,surname:"Gaio",fullName:"Cristina Gaio",slug:"cristina-gaio",email:"cgaio@iseg.ulisboa.pt",position:null,profilePictureURL:"//cdnintech.com/web/frontend/www/assets/author.svg",institution:null},{id:"328223",title:"Prof.",name:"Rita",middleName:null,surname:"Henriques",fullName:"Rita Henriques",slug:"rita-henriques",email:"ritafuentes@iseg.ulisboa.pt",position:null,profilePictureURL:"//cdnintech.com/web/frontend/www/assets/author.svg",institution:null}],sections:[{id:"sec_1",title:"1. Introduction",level:"1"},{id:"sec_2",title:"2. Literature review",level:"1"},{id:"sec_2_2",title:"2.1 Sustainability and social responsibility—the same?",level:"2"},{id:"sec_3_2",title:"2.2 Benefits and limitations of pursuing a CSR-based policy",level:"2"},{id:"sec_4_2",title:"2.3 Relationship between CSR and financial performance",level:"2"},{id:"sec_6",title:"3. Data and methodology",level:"1"},{id:"sec_6_2",title:"3.1 Sample and data collection",level:"2"},{id:"sec_7_2",title:"3.2 Empirical model",level:"2"},{id:"sec_9",title:"4. Result analysis",level:"1"},{id:"sec_9_2",title:"4.1 Descriptive statistics",level:"2"},{id:"sec_10_2",title:"4.2 Relationship between CSR and performance level",level:"2"},{id:"sec_11_2",title:"4.3 Impact of financial crisis in financial performance",level:"2"},{id:"sec_13",title:"5. Conclusions",level:"1"},{id:"sec_14",title:"Acknowledgments",level:"1"},{id:"sec_15",title:"",level:"1"},{id:"sec_14",title:"A.1 Appendix 1. 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Advance/CSG, ISEG - Lisbon School of Economics and Management, Universidade de Lisboa, Portugal
Advance/CSG, ISEG - Lisbon School of Economics and Management, Universidade de Lisboa, Portugal
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The Open Access model is applied to all of our publications and is designed to eliminate subscriptions and pay-per-view fees. This approach ensures free, immediate access to full text versions of your research.
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The Open Access Publishing Fee (OAPF) is payable only after your book chapter, monograph or journal article is accepted for publication.
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Services included are:
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An online manuscript tracking system to facilitate your work
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English language copyediting and proofreading, including the correction of grammatical, spelling, and other common errors
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XML Typesetting and pagination - web (PDF, HTML) and print files preparation
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Discoverability - electronic citation and linking via DOI
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Permanent and unrestricted online access to your work
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If your manuscript:
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Your Author Service Manager will inform you of any items not covered by the OAPF and provide exact information regarding those additional costs before proceeding.
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Open Access Funding
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To explore funding opportunities and learn more about how you can finance your IntechOpen publication, go to our Open Access Funding page. IntechOpen offers expert assistance to all of its Authors. We can support you in approaching funding bodies and institutions in relation to publishing fees by providing information about compliance with the Open Access policies of your funder or institution. We can also assist with communicating the benefits of Open Access in order to support and strengthen your funding request and provide personal guidance through your application process. You can contact us at funders@intechopen.com for further details or assistance.
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For Authors who are still unable to obtain funding from their institutions or research funding bodies for individual projects, IntechOpen does offer the possibility of applying for a Waiver to offset some or all processing feed. Details regarding our Waiver Policy can be found here.
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Added Value of Publishing with IntechOpen
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Choosing to publish with IntechOpen ensures the following benefits:
\n\n
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Indexing and listing across major repositories, see details ...
\n\t
Long-term archiving
\n\t
Visibility on the world's strongest OA platform
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Live Performance Metrics to track readership and the impact of your chapter
\n\t
Dissemination and Promotion
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Benefits of Publishing with IntechOpen
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Proven world leader in Open Access book publishing with over 10 years experience
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+5,700 OA books published
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Most competitive prices in the market
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Fully compliant with OA funding requirements
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Optimized processes that assure your research is made available to the scientific community without delay
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Personal support during every step of the publication process
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+184,650 citations in Web of Science databases
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Currently strongest OA platform with over 175 million downloads
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As I have had opportunities to live and visit some countries regularly since 2009, it became possible to study owl beliefs mainly in Kyrgyzstan but also comparing some findings with Kazakhstan, Mongolia and Turkmenistan. In Kyrgyzstan, 124 persons were interviewed in 2010: 82 males and 42 females. Age of respondents varied from 12 to over 60 and all lived in the capital area of the country. Half of the respondents listed owls as wise and 43% just as a bird, and nobody saw the owl as a bird bringing bad luck. On the contrary, 34% believed that owls are helpful and bring good luck. Kazakhstan shares a Central Asian veneration of owls. Eurasian eagle owl feathers are used as precious amulets protecting children and livestock from evil spirits. The main reason why so many Mongolian people hold the owl to be sacred could be the history that the owl once saved the life of Genghis Khan, king of kings and supreme Khan of all the Mongols and Kalmyks in Tartary Empire. 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Dr. Adimule has attended, chaired, and presented papers at national and international conferences. He is a guest editor for Topics in Catalysis and other journals. He is also an editorial board member, life member, and associate member for many international societies and research institutions. His research interests include nanoelectronics, material chemistry, artificial intelligence, sensors and actuators, bio-nanomaterials, and medicinal chemistry.",institutionString:"Angadi Institute of Technology and Management",institution:null},{id:"284317",title:"Prof.",name:"Kantharaju",middleName:null,surname:"Kamanna",slug:"kantharaju-kamanna",fullName:"Kantharaju Kamanna",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/284317/images/21050_n.jpg",biography:"Prof. K. Kantharaju has received Bachelor of science (PCM), master of science (Organic Chemistry) and Doctor of Philosophy in Chemistry from Bangalore University. He worked as a Executive Research & Development @ Cadila Pharmaceuticals Ltd, Ahmedabad. He received DBT-postdoc fellow @ Molecular Biophysics Unit, Indian Institute of Science, Bangalore under the supervision of Prof. P. Balaram, later he moved to NIH-postdoc researcher at Drexel University College of Medicine, Philadelphia, USA, after his return from postdoc joined NITK-Surthakal as a Adhoc faculty at department of chemistry. Since from August 2013 working as a Associate Professor, and in 2016 promoted to Profeesor in the School of Basic Sciences: Department of Chemistry and having 20 years of teaching and research experiences.",institutionString:null,institution:{name:"Rani Channamma University, Belagavi",country:{name:"India"}}},{id:"158492",title:"Prof.",name:"Yusuf",middleName:null,surname:"Tutar",slug:"yusuf-tutar",fullName:"Yusuf Tutar",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/158492/images/system/158492.jpeg",biography:"Prof. Dr. Yusuf Tutar conducts his research at the Hamidiye Faculty of Pharmacy, Department of Basic Pharmaceutical Sciences, Division of Biochemistry, University of Health Sciences, Turkey. He is also a faculty member in the Molecular Oncology Program. He obtained his MSc and Ph.D. at Oregon State University and Texas Tech University, respectively. He pursued his postdoctoral studies at Rutgers University Medical School and the National Institutes of Health (NIH/NIDDK), USA. His research focuses on biochemistry, biophysics, genetics, molecular biology, and molecular medicine with specialization in the fields of drug design, protein structure-function, protein folding, prions, microRNA, pseudogenes, molecular cancer, epigenetics, metabolites, proteomics, genomics, protein expression, and characterization by spectroscopic and calorimetric methods.",institutionString:"University of Health Sciences",institution:null},{id:"180528",title:"Dr.",name:"Hiroyuki",middleName:null,surname:"Kagechika",slug:"hiroyuki-kagechika",fullName:"Hiroyuki Kagechika",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/180528/images/system/180528.jpg",biography:"Hiroyuki Kagechika received his bachelor’s degree and Ph.D. in Pharmaceutical Sciences from the University of Tokyo, Japan, where he served as an associate professor until 2004. He is currently a professor at the Institute of Biomaterials and Bioengineering (IBB), Tokyo Medical and Dental University (TMDU). From 2010 to 2012, he was the dean of the Graduate School of Biomedical Science. Since 2012, he has served as the vice dean of the Graduate School of Medical and Dental Sciences. He has been the director of the IBB since 2020. Dr. Kagechika’s major research interests are the medicinal chemistry of retinoids, vitamins D/K, and nuclear receptors. He has developed various compounds including a drug for acute promyelocytic leukemia.",institutionString:"Tokyo Medical and Dental University",institution:{name:"Tokyo Medical and Dental University",country:{name:"Japan"}}},{id:"94311",title:"Prof.",name:"Martins",middleName:"Ochubiojo",surname:"Ochubiojo Emeje",slug:"martins-ochubiojo-emeje",fullName:"Martins Ochubiojo Emeje",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/94311/images/system/94311.jpeg",biography:"Martins Emeje obtained a BPharm with distinction from Ahmadu Bello University, Nigeria, and an MPharm and Ph.D. from the University of Nigeria (UNN), where he received the best Ph.D. award and was enlisted as UNN’s “Face of Research.” He established the first nanomedicine center in Nigeria and was the pioneer head of the intellectual property and technology transfer as well as the technology innovation and support center. Prof. Emeje’s several international fellowships include the prestigious Raman fellowship. He has published more than 150 articles and patents. He is also the head of R&D at NIPRD and holds a visiting professor position at Nnamdi Azikiwe University, Nigeria. He has a postgraduate certificate in Project Management from Walden University, Minnesota, as well as a professional teaching certificate and a World Bank certification in Public Procurement. Prof. Emeje was a national chairman of academic pharmacists in Nigeria and the 2021 winner of the May & Baker Nigeria Plc–sponsored prize for professional service in research and innovation.",institutionString:"National Institute for Pharmaceutical Research and Development",institution:{name:"National Institute for Pharmaceutical Research and Development",country:{name:"Nigeria"}}},{id:"436430",title:"Associate Prof.",name:"Mesut",middleName:null,surname:"Işık",slug:"mesut-isik",fullName:"Mesut Işık",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/436430/images/19686_n.jpg",biography:null,institutionString:null,institution:{name:"Bilecik University",country:{name:"Turkey"}}},{id:"268659",title:"Ms.",name:"Xianquan",middleName:null,surname:"Zhan",slug:"xianquan-zhan",fullName:"Xianquan Zhan",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/268659/images/8143_n.jpg",biography:"Dr. Zhan received his undergraduate and graduate training in the fields of preventive medicine and epidemiology and statistics at the West China University of Medical Sciences in China during 1989 to 1999. He received his post-doctoral training in oncology and cancer proteomics for two years at the Cancer Research Institute of Human Medical University in China. In 2001, he went to the University of Tennessee Health Science Center (UTHSC) in USA, where he was a post-doctoral researcher and focused on mass spectrometry and cancer proteomics. Then, he was appointed as an Assistant Professor of Neurology, UTHSC in 2005. He moved to the Cleveland Clinic in USA as a Project Scientist/Staff in 2006 where he focused on the studies of eye disease proteomics and biomarkers. He returned to UTHSC as an Assistant Professor of Neurology in the end of 2007, engaging in proteomics and biomarker studies of lung diseases and brain tumors, and initiating the studies of predictive, preventive, and personalized medicine (PPPM) in cancer. In 2010, he was promoted to Associate Professor of Neurology, UTHSC. Currently, he is a Professor at Xiangya Hospital of Central South University in China, Fellow of Royal Society of Medicine (FRSM), the European EPMA National Representative in China, Regular Member of American Association for the Advancement of Science (AAAS), European Cooperation of Science and Technology (e-COST) grant evaluator, Associate Editors of BMC Genomics, BMC Medical Genomics, EPMA Journal, and Frontiers in Endocrinology, Executive Editor-in-Chief of Med One. He has\npublished 116 peer-reviewed research articles, 16 book chapters, 2 books, and 2 US patents. His current main research interest focuses on the studies of cancer proteomics and biomarkers, and the use of modern omics techniques and systems biology for PPPM in cancer, and on the development and use of 2DE-LC/MS for the large-scale study of human proteoforms.",institutionString:null,institution:{name:"Xiangya Hospital Central South University",country:{name:"China"}}},{id:"40482",title:null,name:"Rizwan",middleName:null,surname:"Ahmad",slug:"rizwan-ahmad",fullName:"Rizwan Ahmad",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/40482/images/system/40482.jpeg",biography:"Dr. Rizwan Ahmad is a University Professor and Coordinator, Quality and Development, College of Medicine, Imam Abdulrahman bin Faisal University, Saudi Arabia. Previously, he was Associate Professor of Human Function, Oman Medical College, Oman, and SBS University, Dehradun. Dr. Ahmad completed his education at Aligarh Muslim University, Aligarh. He has published several articles in peer-reviewed journals, chapters, and edited books. His area of specialization is free radical biochemistry and autoimmune diseases.",institutionString:"Imam Abdulrahman Bin Faisal University",institution:{name:"Imam Abdulrahman Bin Faisal University",country:{name:"Saudi Arabia"}}},{id:"41865",title:"Prof.",name:"Farid A.",middleName:null,surname:"Badria",slug:"farid-a.-badria",fullName:"Farid A. Badria",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/41865/images/system/41865.jpg",biography:"Farid A. Badria, Ph.D., is the recipient of several awards, including The World Academy of Sciences (TWAS) Prize for Public Understanding of Science; the World Intellectual Property Organization (WIPO) Gold Medal for best invention; Outstanding Arab Scholar, Kuwait; and the Khwarizmi International Award, Iran. He has 250 publications, 12 books, 20 patents, and several marketed pharmaceutical products to his credit. He continues to lead research projects on developing new therapies for liver, skin disorders, and cancer. Dr. Badria was listed among the world’s top 2% of scientists in medicinal and biomolecular chemistry in 2019 and 2020. He is a member of the Arab Development Fund, Kuwait; International Cell Research Organization–United Nations Educational, Scientific and Cultural Organization (ICRO–UNESCO), Chile; and UNESCO Biotechnology France",institutionString:"Mansoura University",institution:{name:"Mansoura University",country:{name:"Egypt"}}},{id:"329385",title:"Dr.",name:"Rajesh K.",middleName:"Kumar",surname:"Singh",slug:"rajesh-k.-singh",fullName:"Rajesh K. Singh",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/329385/images/system/329385.png",biography:"Dr. Singh received a BPharm (2003) and MPharm (2005) from Panjab University, Chandigarh, India, and a Ph.D. (2013) from Punjab Technical University (PTU), Jalandhar, India. He has more than sixteen years of teaching experience and has supervised numerous postgraduate and Ph.D. students. He has to his credit more than seventy papers in SCI- and SCOPUS-indexed journals, fifty-five conference proceedings, four books, six Best Paper Awards, and five projects from different government agencies. He is currently an editorial board member of eight international journals and a reviewer for more than fifty scientific journals. He received Top Reviewer and Excellent Peer Reviewer Awards from Publons in 2016 and 2017, respectively. He is also on the panel of The International Reviewer for reviewing research proposals for grants from the Royal Society. He also serves as a Publons Academy mentor and Bentham brand ambassador.",institutionString:"Punjab Technical University",institution:{name:"Punjab Technical University",country:{name:"India"}}},{id:"142388",title:"Dr.",name:"Thiago",middleName:"Gomes",surname:"Gomes Heck",slug:"thiago-gomes-heck",fullName:"Thiago Gomes Heck",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/142388/images/7259_n.jpg",biography:null,institutionString:null,institution:{name:"Universidade Regional do Noroeste do Estado do Rio Grande do Sul",country:{name:"Brazil"}}},{id:"336273",title:"Assistant Prof.",name:"Janja",middleName:null,surname:"Zupan",slug:"janja-zupan",fullName:"Janja Zupan",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/336273/images/14853_n.jpeg",biography:"Janja Zupan graduated in 2005 at the Department of Clinical Biochemistry (superviser prof. dr. Janja Marc) in the field of genetics of osteoporosis. Since November 2009 she is working as a Teaching Assistant at the Faculty of Pharmacy, Department of Clinical Biochemistry. In 2011 she completed part of her research and PhD work at Institute of Genetics and Molecular Medicine, University of Edinburgh. She finished her PhD entitled The influence of the proinflammatory cytokines on the RANK/RANKL/OPG in bone tissue of osteoporotic and osteoarthritic patients in 2012. From 2014-2016 she worked at the Institute of Biomedical Sciences, University of Aberdeen as a postdoctoral research fellow on UK Arthritis research project where she gained knowledge in mesenchymal stem cells and regenerative medicine. She returned back to University of Ljubljana, Faculty of Pharmacy in 2016. She is currently leading project entitled Mesenchymal stem cells-the keepers of tissue endogenous regenerative capacity facing up to aging of the musculoskeletal system funded by Slovenian Research Agency.",institutionString:null,institution:{name:"University of Ljubljana",country:{name:"Slovenia"}}},{id:"357453",title:"Dr.",name:"Radheshyam",middleName:null,surname:"Maurya",slug:"radheshyam-maurya",fullName:"Radheshyam Maurya",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/357453/images/16535_n.jpg",biography:null,institutionString:null,institution:{name:"University of Hyderabad",country:{name:"India"}}},{id:"418340",title:"Dr.",name:"Jyotirmoi",middleName:null,surname:"Aich",slug:"jyotirmoi-aich",fullName:"Jyotirmoi Aich",position:null,profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0033Y000038Ugi5QAC/Profile_Picture_2022-04-15T07:48:28.png",biography:"Biotechnologist with 15 years of research including 6 years of teaching experience. Demonstrated record of scientific achievements through consistent publication record (H index = 13, with 874 citations) in high impact journals such as Nature Communications, Oncotarget, Annals of Oncology, PNAS, and AJRCCM, etc. Strong research professional with a post-doctorate from ACTREC where I gained experimental oncology experience in clinical settings and a doctorate from IGIB where I gained expertise in asthma pathophysiology. A well-trained biotechnologist with diverse experience on the bench across different research themes ranging from asthma to cancer and other infectious diseases. An individual with a strong commitment and innovative mindset. Have the ability to work on diverse projects such as regenerative and molecular medicine with an overall mindset of improving healthcare.",institutionString:"DY Patil Deemed to Be University",institution:null},{id:"349288",title:"Prof.",name:"Soumya",middleName:null,surname:"Basu",slug:"soumya-basu",fullName:"Soumya Basu",position:null,profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0033Y000035QxIDQA0/Profile_Picture_2022-04-15T07:47:01.jpg",biography:"Soumya Basu, Ph.D., is currently working as an Associate Professor at Dr. D. Y. Patil Biotechnology and Bioinformatics Institute, Dr. D. Y. Patil Vidyapeeth, Pune, Maharashtra, India. With 16+ years of trans-disciplinary research experience in Drug Design, development, and pre-clinical validation; 20+ research article publications in journals of repute, 9+ years of teaching experience, trained with cross-disciplinary education, Dr. Basu is a life-long learner and always thrives for new challenges.\r\nHer research area is the design and synthesis of small molecule partial agonists of PPAR-γ in lung cancer. She is also using artificial intelligence and deep learning methods to understand the exosomal miRNA’s role in cancer metastasis. Dr. Basu is the recipient of many awards including the Early Career Research Award from the Department of Science and Technology, Govt. of India. She is a reviewer of many journals like Molecular Biology Reports, Frontiers in Oncology, RSC Advances, PLOS ONE, Journal of Biomolecular Structure & Dynamics, Journal of Molecular Graphics and Modelling, etc. She has edited and authored/co-authored 21 journal papers, 3 book chapters, and 15 abstracts. She is a Board of Studies member at her university. She is a life member of 'The Cytometry Society”-in India and 'All India Cell Biology Society”- in India.",institutionString:"Dr. D.Y. Patil Vidyapeeth, Pune",institution:{name:"Dr. D.Y. Patil Vidyapeeth, Pune",country:{name:"India"}}},{id:"354817",title:"Dr.",name:"Anubhab",middleName:null,surname:"Mukherjee",slug:"anubhab-mukherjee",fullName:"Anubhab Mukherjee",position:null,profilePictureURL:"https://intech-files.s3.amazonaws.com/0033Y0000365PbRQAU/ProfilePicture%202022-04-15%2005%3A11%3A18.480",biography:"A former member of Laboratory of Nanomedicine, Brigham and Women’s Hospital, Harvard University, Boston, USA, Dr. Anubhab Mukherjee is an ardent votary of science who strives to make an impact in the lives of those afflicted with cancer and other chronic/acute ailments. He completed his Ph.D. from CSIR-Indian Institute of Chemical Technology, Hyderabad, India, having been skilled with RNAi, liposomal drug delivery, preclinical cell and animal studies. He pursued post-doctoral research at College of Pharmacy, Health Science Center, Texas A & M University and was involved in another postdoctoral research at Department of Translational Neurosciences and Neurotherapeutics, John Wayne Cancer Institute, Santa Monica, California. In 2015, he worked in Harvard-MIT Health Sciences & Technology as a visiting scientist. He has substantial experience in nanotechnology-based formulation development and successfully served various Indian organizations to develop pharmaceuticals and nutraceutical products. He is an inventor in many US patents and an author in many peer-reviewed articles, book chapters and books published in various media of international repute. Dr. Mukherjee is currently serving as Principal Scientist, R&D at Esperer Onco Nutrition (EON) Pvt. Ltd. and heads the Hyderabad R&D center of the organization.",institutionString:"Esperer Onco Nutrition Pvt Ltd.",institution:null},{id:"319365",title:"Assistant Prof.",name:"Manash K.",middleName:null,surname:"Paul",slug:"manash-k.-paul",fullName:"Manash K. Paul",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/319365/images/system/319365.png",biography:"Manash K. Paul is a Principal Investigator and Scientist at the University of California Los Angeles. He has contributed significantly to the fields of stem cell biology, regenerative medicine, and lung cancer. His research focuses on various signaling processes involved in maintaining stem cell homeostasis during the injury-repair process, deciphering lung stem cell niche, pulmonary disease modeling, immuno-oncology, and drug discovery. He is currently investigating the role of extracellular vesicles in premalignant lung cell migration and detecting the metastatic phenotype of lung cancer via machine-learning-based analyses of exosomal signatures. Dr. Paul has published in more than fifty peer-reviewed international journals and is highly cited. He is the recipient of many awards, including the UCLA Vice Chancellor’s award, a senior member of the Institute of Electrical and Electronics Engineers (IEEE), and an editorial board member for several international journals.",institutionString:"University of California Los Angeles",institution:{name:"University of California Los Angeles",country:{name:"United States of America"}}},{id:"311457",title:"Dr.",name:"Júlia",middleName:null,surname:"Scherer Santos",slug:"julia-scherer-santos",fullName:"Júlia Scherer Santos",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/311457/images/system/311457.jpg",biography:"Dr. Júlia Scherer Santos works in the areas of cosmetology, nanotechnology, pharmaceutical technology, beauty, and aesthetics. Dr. Santos also has experience as a professor of graduate courses. Graduated in Pharmacy, specialization in Cosmetology and Cosmeceuticals applied to aesthetics, specialization in Aesthetic and Cosmetic Health, and a doctorate in Pharmaceutical Nanotechnology. Teaching experience in Pharmacy and Aesthetics and Cosmetics courses. She works mainly on the following subjects: nanotechnology, cosmetology, pharmaceutical technology, aesthetics.",institutionString:"Universidade Federal de Juiz de Fora",institution:{name:"Universidade Federal de Juiz de Fora",country:{name:"Brazil"}}},{id:"219081",title:"Dr.",name:"Abdulsamed",middleName:null,surname:"Kükürt",slug:"abdulsamed-kukurt",fullName:"Abdulsamed Kükürt",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/219081/images/system/219081.png",biography:"Dr. Kükürt graduated from Uludağ University in Turkey. He started his academic career as a Research Assistant in the Department of Biochemistry at Kafkas University. In 2019, he completed his Ph.D. program in the Department of Biochemistry at the Institute of Health Sciences. He is currently working at the Department of Biochemistry, Kafkas University. He has 27 published research articles in academic journals, 11 book chapters, and 37 papers. He took part in 10 academic projects. He served as a reviewer for many articles. He still serves as a member of the review board in many academic journals. He is currently working on the protective activity of phenolic compounds in disorders associated with oxidative stress and inflammation.",institutionString:null,institution:{name:"Kafkas University",country:{name:"Turkey"}}},{id:"178366",title:"Dr.",name:"Volkan",middleName:null,surname:"Gelen",slug:"volkan-gelen",fullName:"Volkan Gelen",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/178366/images/system/178366.jpg",biography:"Volkan Gelen is a Physiology specialist who received his veterinary degree from Kafkas University in 2011. Between 2011-2015, he worked as an assistant at Atatürk University, Faculty of Veterinary Medicine, Department of Physiology. In 2016, he joined Kafkas University, Faculty of Veterinary Medicine, Department of Physiology as an assistant professor. Dr. Gelen has been engaged in various academic activities at Kafkas University since 2016. There he completed 5 projects and has 3 ongoing projects. He has 60 articles published in scientific journals and 20 poster presentations in scientific congresses. His research interests include physiology, endocrine system, cancer, diabetes, cardiovascular system diseases, and isolated organ bath system studies.",institutionString:"Kafkas University",institution:{name:"Kafkas University",country:{name:"Turkey"}}},{id:"418963",title:"Dr.",name:"Augustine Ododo",middleName:"Augustine",surname:"Osagie",slug:"augustine-ododo-osagie",fullName:"Augustine Ododo Osagie",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/418963/images/16900_n.jpg",biography:"Born into the family of Osagie, a prince of the Benin Kingdom. I am currently an academic in the Department of Medical Biochemistry, University of Benin. Part of the duties are to teach undergraduate students and conduct academic research.",institutionString:null,institution:{name:"University of Benin",country:{name:"Nigeria"}}},{id:"192992",title:"Prof.",name:"Shagufta",middleName:null,surname:"Perveen",slug:"shagufta-perveen",fullName:"Shagufta Perveen",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/192992/images/system/192992.png",biography:"Prof. Shagufta Perveen is a Distinguish Professor in the Department of Pharmacognosy, College of Pharmacy, King Saud University, Riyadh, Saudi Arabia. Dr. Perveen has acted as the principal investigator of major research projects funded by the research unit of King Saud University. She has more than ninety original research papers in peer-reviewed journals of international repute to her credit. She is a fellow member of the Royal Society of Chemistry UK and the American Chemical Society of the United States.",institutionString:"King Saud University",institution:{name:"King Saud University",country:{name:"Saudi Arabia"}}},{id:"49848",title:"Dr.",name:"Wen-Long",middleName:null,surname:"Hu",slug:"wen-long-hu",fullName:"Wen-Long Hu",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/49848/images/system/49848.jpg",biography:"Wen-Long Hu is Chief of the Division of Acupuncture, Department of Chinese Medicine at Kaohsiung Chang Gung Memorial Hospital, as well as an adjunct associate professor at Fooyin University and Kaohsiung Medical University. Wen-Long is President of Taiwan Traditional Chinese Medicine Medical Association. He has 28 years of experience in clinical practice in laser acupuncture therapy and 34 years in acupuncture. He is an invited speaker for lectures and workshops in laser acupuncture at many symposiums held by medical associations. He owns the patent for herbal preparation and producing, and for the supercritical fluid-treated needle. Dr. Hu has published three books, 12 book chapters, and more than 30 papers in reputed journals, besides serving as an editorial board member of repute.",institutionString:"Kaohsiung Chang Gung Memorial Hospital",institution:{name:"Kaohsiung Chang Gung Memorial Hospital",country:{name:"Taiwan"}}},{id:"298472",title:"Prof.",name:"Andrey V.",middleName:null,surname:"Grechko",slug:"andrey-v.-grechko",fullName:"Andrey V. Grechko",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/298472/images/system/298472.png",biography:"Andrey Vyacheslavovich Grechko, Ph.D., Professor, is a Corresponding Member of the Russian Academy of Sciences. He graduated from the Semashko Moscow Medical Institute (Semashko National Research Institute of Public Health) with a degree in Medicine (1998), the Clinical Department of Dermatovenerology (2000), and received a second higher education in Psychology (2009). Professor A.V. Grechko held the position of Сhief Physician of the Central Clinical Hospital in Moscow. He worked as a professor at the faculty and was engaged in scientific research at the Medical University. Starting in 2013, he has been the initiator of the creation of the Federal Scientific and Clinical Center for Intensive Care and Rehabilitology, Moscow, Russian Federation, where he also serves as Director since 2015. He has many years of experience in research and teaching in various fields of medicine, is an author/co-author of more than 200 scientific publications, 13 patents, 15 medical books/chapters, including Chapter in Book «Metabolomics», IntechOpen, 2020 «Metabolomic Discovery of Microbiota Dysfunction as the Cause of Pathology».",institutionString:"Federal Research and Clinical Center of Intensive Care Medicine and Rehabilitology",institution:null},{id:"199461",title:"Prof.",name:"Natalia V.",middleName:null,surname:"Beloborodova",slug:"natalia-v.-beloborodova",fullName:"Natalia V. Beloborodova",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/199461/images/system/199461.jpg",biography:'Natalia Vladimirovna Beloborodova was educated at the Pirogov Russian National Research Medical University, with a degree in pediatrics in 1980, a Ph.D. in 1987, and a specialization in Clinical Microbiology from First Moscow State Medical University in 2004. She has been a Professor since 1996. Currently, she is the Head of the Laboratory of Metabolism, a division of the Federal Research and Clinical Center of Intensive Care Medicine and Rehabilitology, Moscow, Russian Federation. N.V. Beloborodova has many years of clinical experience in the field of intensive care and surgery. She studies infectious complications and sepsis. She initiated a series of interdisciplinary clinical and experimental studies based on the concept of integrating human metabolism and its microbiota. Her scientific achievements are widely known: she is the recipient of the Marie E. Coates Award \\"Best lecturer-scientist\\" Gustafsson Fund, Karolinska Institutes, Stockholm, Sweden, and the International Sepsis Forum Award, Pasteur Institute, Paris, France (2014), etc. Professor N.V. Beloborodova wrote 210 papers, five books, 10 chapters and has edited four books.',institutionString:"Federal Research and Clinical Center of Intensive Care Medicine and Rehabilitology",institution:null},{id:"354260",title:"Ph.D.",name:"Tércio Elyan",middleName:"Azevedo",surname:"Azevedo Martins",slug:"tercio-elyan-azevedo-martins",fullName:"Tércio Elyan Azevedo Martins",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/354260/images/16241_n.jpg",biography:"Graduated in Pharmacy from the Federal University of Ceará with the modality in Industrial Pharmacy, Specialist in Production and Control of Medicines from the University of São Paulo (USP), Master in Pharmaceuticals and Medicines from the University of São Paulo (USP) and Doctor of Science in the program of Pharmaceuticals and Medicines by the University of São Paulo. Professor at Universidade Paulista (UNIP) in the areas of chemistry, cosmetology and trichology. Assistant Coordinator of the Higher Course in Aesthetic and Cosmetic Technology at Universidade Paulista Campus Chácara Santo Antônio. Experience in the Pharmacy area, with emphasis on Pharmacotechnics, Pharmaceutical Technology, Research and Development of Cosmetics, acting mainly on topics such as cosmetology, antioxidant activity, aesthetics, photoprotection, cyclodextrin and thermal analysis.",institutionString:null,institution:{name:"University of Sao Paulo",country:{name:"Brazil"}}},{id:"334285",title:"Ph.D. Student",name:"Sameer",middleName:"Kumar",surname:"Jagirdar",slug:"sameer-jagirdar",fullName:"Sameer Jagirdar",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/334285/images/14691_n.jpg",biography:"I\\'m a graduate student at the center for biosystems science and engineering at the Indian Institute of Science, Bangalore, India. I am interested in studying host-pathogen interactions at the biomaterial interface.",institutionString:null,institution:{name:"Indian Institute of Science Bangalore",country:{name:"India"}}},{id:"329248",title:"Dr.",name:"Md. Faheem",middleName:null,surname:"Haider",slug:"md.-faheem-haider",fullName:"Md. Faheem Haider",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/329248/images/system/329248.jpg",biography:"Dr. Md. Faheem Haider completed his BPharm in 2012 at Integral University, Lucknow, India. In 2014, he completed his MPharm with specialization in Pharmaceutics at Babasaheb Bhimrao Ambedkar University, Lucknow, India. He received his Ph.D. degree from Jamia Hamdard University, New Delhi, India, in 2018. He was selected for the GPAT six times and his best All India Rank was 34. Currently, he is an assistant professor at Integral University. Previously he was an assistant professor at IIMT University, Meerut, India. He has experience teaching DPharm, Pharm.D, BPharm, and MPharm students. He has more than five publications in reputed journals to his credit. Dr. Faheem’s research area is the development and characterization of nanoformulation for the delivery of drugs to various organs.",institutionString:"Integral University",institution:{name:"Integral University",country:{name:"India"}}},{id:"329795",title:"Dr.",name:"Mohd Aftab",middleName:"Aftab",surname:"Siddiqui",slug:"mohd-aftab-siddiqui",fullName:"Mohd Aftab Siddiqui",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/329795/images/system/329795.png",biography:"Dr. Mohd Aftab Siddiqui is an assistant professor in the Faculty of Pharmacy, Integral University, Lucknow, India, where he obtained a Ph.D. in Pharmacology in 2020. He also obtained a BPharm and MPharm from the same university in 2013 and 2015, respectively. His area of research is the pharmacological screening of herbal drugs/natural products in liver cancer and cardiac diseases. He is a member of many professional bodies and has guided many MPharm and PharmD research projects. Dr. Siddiqui has many national and international publications and one German patent to his credit.",institutionString:"Integral University",institution:null}]}},subseries:{item:{id:"11",type:"subseries",title:"Cell Physiology",keywords:"Neurodevelopment and Neurodevelopmental Disease, Free Radicals, Tumor Metastasis, Antioxidants, Essential Fatty Acids, Melatonin, Lipid Peroxidation Products and Aging Physiology",scope:"
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The combination of electronics and computer science with biology and medicine has improved patient diagnosis, reduced rehabilitation time, and helped to facilitate a better quality of life. Nowadays, all medical imaging devices, medical instruments, or new laboratory techniques result from the cooperation of specialists in various fields. The series of Biomedical Engineering books covers such areas of knowledge as chemistry, physics, electronics, medicine, and biology. 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Dr. Koprowski has authored more than a hundred research papers with dozens in impact factor (IF) journals and has authored or co-authored six books. Additionally, he is the author of several national and international patents in the field of biomedical devices and imaging. Since 2011, he has been a reviewer of grants and projects (including EU projects) in biomedical engineering.",institutionString:null,institution:{name:"University of Silesia",institutionURL:null,country:{name:"Poland"}}},subseries:[{id:"7",title:"Bioinformatics and Medical Informatics",keywords:"Biomedical Data, Drug Discovery, Clinical Diagnostics, Decoding Human Genome, AI in Personalized Medicine, Disease-prevention Strategies, Big Data Analysis in Medicine",scope:"Bioinformatics aims to help understand the functioning of the mechanisms of living organisms through the construction and use of quantitative tools. The applications of this research cover many related fields, such as biotechnology and medicine, where, for example, Bioinformatics contributes to faster drug design, DNA analysis in forensics, and DNA sequence analysis in the field of personalized medicine. Personalized medicine is a type of medical care in which treatment is customized individually for each patient. Personalized medicine enables more effective therapy, reduces the costs of therapy and clinical trials, and also minimizes the risk of side effects. Nevertheless, advances in personalized medicine would not have been possible without bioinformatics, which can analyze the human genome and other vast amounts of biomedical data, especially in genetics. The rapid growth of information technology enabled the development of new tools to decode human genomes, large-scale studies of genetic variations and medical informatics. The considerable development of technology, including the computing power of computers, is also conducive to the development of bioinformatics, including personalized medicine. In an era of rapidly growing data volumes and ever lower costs of generating, storing and computing data, personalized medicine holds great promises. Modern computational methods used as bioinformatics tools can integrate multi-scale, multi-modal and longitudinal patient data to create even more effective and safer therapy and disease prevention methods. 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We encourage the submission of manuscripts that provide novel and mechanistic insights that report significant advances in the fields. Topics can include but are not limited to: Biotechnology such as biotechnological products and process engineering; Biotechnologically relevant enzymes and proteins; Bioenergy and biofuels; Applied genetics and molecular biotechnology; Genomics, transcriptomics, proteomics; Applied microbial and cell physiology; Environmental biotechnology; Methods and protocols. Moreover, topics in biosensor technology, like sensors that incorporate enzymes, antibodies, nucleic acids, whole cells, tissues and organelles, and other biological or biologically inspired components will be considered, and topics exploring transducers, including those based on electrochemical and optical piezoelectric, thermal, magnetic, and micromechanical elements. Chapters exploring biomaterial approaches such as polymer synthesis and characterization, drug and gene vector design, biocompatibility, immunology and toxicology, and self-assembly at the nanoscale, are welcome. Finally, the tissue engineering subcategory will support topics such as the fundamentals of stem cells and progenitor cells and their proliferation, differentiation, bioreactors for three-dimensional culture and studies of phenotypic changes, stem and progenitor cells, both short and long term, ex vivo and in vivo implantation both in preclinical models and also in clinical trials.",annualVolume:11405,isOpenForSubmission:!0,coverUrl:"https://cdn.intechopen.com/series_topics/covers/9.jpg",editor:{id:"126286",title:"Dr.",name:"Luis",middleName:"Jesús",surname:"Villarreal-Gómez",fullName:"Luis Villarreal-Gómez",profilePictureURL:"https://mts.intechopen.com/storage/users/126286/images/system/126286.jpg",institutionString:null,institution:{name:"Autonomous University of Baja California",institutionURL:null,country:{name:"Mexico"}}},editorTwo:null,editorThree:null,editorialBoard:[{id:"35539",title:"Dr.",name:"Cecilia",middleName:null,surname:"Cristea",fullName:"Cecilia Cristea",profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0030O00002aYQ65QAG/Profile_Picture_1621007741527",institutionString:null,institution:{name:"Iuliu Hațieganu University of Medicine and Pharmacy",institutionURL:null,country:{name:"Romania"}}},{id:"40735",title:"Dr.",name:"Gil",middleName:"Alberto Batista",surname:"Gonçalves",fullName:"Gil Gonçalves",profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0030O00002aYRLGQA4/Profile_Picture_1628492612759",institutionString:null,institution:{name:"University of Aveiro",institutionURL:null,country:{name:"Portugal"}}},{id:"211725",title:"Associate Prof.",name:"Johann F.",middleName:null,surname:"Osma",fullName:"Johann F. 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