International Cooperation and Corporate Strategies: Accelerating Corporate Energy Transitions in Emerging Economies

IF 12.5 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2025-05-27 DOI:10.1002/bse.4349

Emmanuel A. Morrison, Xihui Haviour Chen, Danson Kimani, Douglas A. Adu

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引用次数: 0

Abstract

Driven by the growing focus on decarbonisation and energy economic dynamics in emerging economies, this study examines the interplay between executive compensation (EC), sustainability‐based compensation (SBC), board sustainability committee initiative (BSCI), corporate energy transition initiatives (CETIs), corporate carbon emissions (CCEs) and firm performance (FP) using a multi‐theoretical framework. Analysing a panel dataset from 13 emerging economies spanning 2002–2022, we find that SBC positively influences CETIs, while EC has no significant effect. Our results also show that EC and SBC do not impact CCE. BSCI positively affects CETIs but has no significant influence on CCE. Additionally, BSCI moderates the relationship between EC and CCE, highlighting the critical role of governance structures. While CETIs are associated with low FP, CCE appears to have no direct impact on FP. These findings vary across business operating periods and remain robust under alternative measures, addressing potential endogeneities and sample selection bias. The results provide insights for policy makers and practitioners aiming to enhance sustainability practices in emerging economies.

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国际合作与企业战略：加速新兴经济体企业能源转型

在新兴经济体对脱碳和能源经济动态日益关注的推动下，本研究使用多理论框架研究了高管薪酬（EC）、基于可持续性的薪酬（SBC）、董事会可持续发展委员会倡议（BSCI）、企业能源转型倡议（CETIs）、企业碳排放（CCEs）和企业绩效（FP）之间的相互作用。通过对13个新兴经济体2002-2022年面板数据的分析，我们发现SBC对ceti有积极影响，而EC没有显著影响。我们的研究结果还表明，EC和SBC对CCE没有影响。BSCI对CETIs有正向影响，但对CCE无显著影响。此外，BSCI调节了EC和CCE之间的关系，突出了治理结构的关键作用。虽然ceti与低FP有关，但CCE似乎对FP没有直接影响。这些发现在不同的经营时期有所不同，但在不同的衡量标准下仍然稳健，解决了潜在的内生因素和样本选择偏差。研究结果为旨在加强新兴经济体可持续发展实践的政策制定者和实践者提供了见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.