Business Strategy and Development最新文献

{"title":"Is More Always Better? The Strategic Impact of Board Diversity and New Quality Productivity on Environmental Innovation","authors":"Shanshan Yue,&nbsp;Alexandre Coussa,&nbsp;Norkhairul Hafiz Bajuri,&nbsp;Lindong Ma","doi":"10.1002/bsd2.70129","DOIUrl":"https://doi.org/10.1002/bsd2.70129","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores the relationship between five types of board diversity and environmental innovation (EI), with a focus on the moderating role of new quality productivity (NQP). Using an entire sample from China's A-share market (2013–2022), the study examines how board compositions—specifically top managers, independent directors, female directors, supervisory directors, and blockholder directors—influence EI performance. The entropy method is adopted to measure NQP, while robustness and endogeneity checks, alongside two-step system GMM estimation, reinforce the credibility of the findings. Our findings suggest that while board diversity generally benefits EI, only certain types, such as top managers and female directors, positively impact EI. In contrast, diversity among supervisory and blockholder directors has negative effects, and independent directors show no significant influence. NQP can amplify these effects, although its impact varies by board member type. This study emphasizes that aligning board diversity with environmental objectives is essential, not just merely increasing diversity. Instead, specific board compositions and roles determine whether diversity effectively drives EI, answering that “more is not always better” regarding diversity's role in environmental goals. Future research could examine additional mechanism and explore NQP's impact on sustainability across various contexts.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144220196","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Challenges of Sustainable Tourism in the Himalayan Region of Ladakh","authors":"Stanzin Padma,&nbsp;Tawheed Nabi","doi":"10.1002/bsd2.70119","DOIUrl":"https://doi.org/10.1002/bsd2.70119","url":null,"abstract":"<div>\u0000 \u0000 <p>This study aims to explore and analyze the challenges of sustainable tourism in the Himalayan region of Ladakh. The research adopts a quantitative approach, utilizing a dataset comprising 500 observations. Correlation, <i>t</i> tests, and SPSS AMOS are employed as key statistical tools to test hypotheses related to the impact of various factors on the sustainability of tourism in Ladakh. The findings of the study reveal significant correlations and disparities in Ladakh's sustainable tourism landscape. Environmental challenges, infrastructural limitations, sociocultural impacts, and economic factors are identified as critical elements influencing the sustainability of tourism in the region. The study emphasizes the need for a holistic and collaborative approach to address these challenges. Strategic interventions in policy, community engagement, and sustainable development are crucial to balancing economic growth with the conservation of Ladakh's natural and cultural heritage. The originality lies in the comprehensive analysis using a substantial dataset and statistical tools, offering practical insights for policymakers, local communities, and the tourism industry. The study adds value by informing targeted strategies that can promote sustainable tourism practices and contribute to the long-term well-being of Ladakh as a premier Himalayan destination.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144206666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"CSR and Sustainable Development of the Firms With Moderating Effect of CG: Evidence From Developing Countries","authors":"Yousef Shahwan","doi":"10.1002/bsd2.70121","DOIUrl":"https://doi.org/10.1002/bsd2.70121","url":null,"abstract":"<div>\u0000 \u0000 <p>In the face of intense technical rivalry and economic globalization, sustainable development of the firm is becoming important to many companies. The majority of firms are addressing it strategically. fostering sustainable corporate development, enhancing brand competitiveness, and building a company's reputation all depend on the successful implementation of corporate social responsibility. The degree of corporate governance is also a critical component in the future development of a firm. Thus, the present research employs empirical analysis to achieve the objective of this study, to shed light on whether corporate social responsibility contributes to the sustainable growth of businesses. From the standpoint of corporate governance, it also examines the impact of internal governance elements on the link between both. From 2018 until 2022, the fixed-effects regression test was performed on a sample of shareholding firms listed in the first market in the Amman Stock exchange. The findings indicate that proactive corporate social responsibility may support sustainable development. Moreover, the corporate social responsibility process on sustainable development of the firms is moderated by corporate governance elements including the quality of accounting information, management capabilities, and internal control. There are also limitations to this investigation, such as the study focused on top firms and ignored the other listed firms, while future research can discover other types of firms. Finally, combining corporate social responsibility with corporate governance may increase sustainability, boost competitiveness, and support long-term economic stability, particularly in emerging nations like Jordan that are important for employment and economic growth.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144206421","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Microfinance and Women's Empowerment: A Comparative Study Between Two Developing Countries","authors":"Rajib Chakraborty,&nbsp;Rebecca Abraham","doi":"10.1002/bsd2.70133","DOIUrl":"https://doi.org/10.1002/bsd2.70133","url":null,"abstract":"<div>\u0000 \u0000 <p>This study proposes a hierarchical framework for the use of microfinance to promote women's empowerment. Surveys were administered to women from Kerala, India, and Chittagong, Bangladesh, who faced economic instability, lack of social recognition, and lack of self-affirmation. These locations were chosen as microfinance had contrasting effects from meeting basic needs in Bangladesh to upward mobility in Kerala, India. Structural equation models using the AMOS analyzed the data. In both locations, women first achieved economic empowerment. At higher levels of empowerment, psychological empowerment with its components of self-confidence, mental toughness, and future planning was observed in the Kerala sample. The Kerala sample showed evidence of social empowerment, including contact with external organizations and social recognition. Governments should increase psychological empowerment and social empowerment in Chittagong. Women entrepreneurs in Chittagong should be given access to loans, mortgages, and business expansion opportunities as their counterparts in Kerala.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144197229","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Role of Industry 4.0 Readiness, Knowledge Management Capabilities, and Sustainability Culture in Driving Circular Economy Practices","authors":"Doe Precious","doi":"10.1002/bsd2.70135","DOIUrl":"https://doi.org/10.1002/bsd2.70135","url":null,"abstract":"<div>\u0000 \u0000 <p>This study extends the natural resource-based view (NRBV) theory by examining how Industry 4.0 readiness influences circular economy practices in resource-constrained manufacturing contexts. The research challenges established theoretical assumptions about sustainability culture's role and circular economy implementation hierarchies while investigating the mediating mechanisms of knowledge management capabilities. Data from 704 manufacturing SMEs in Ghana was analyzed using an innovative two-stage PLS-SEM and artificial neural network approach that captured both linear and nonlinear relationships between constructs. This methodical triangulation revealed complex interaction patterns that traditional modeling might miss. The study makes three significant theoretical contributions: (1) Industry 4.0 readiness enhances circular economy practices even at basic levels of technological sophistication, challenging technology-deterministic theoretical perspectives; (2) knowledge management capabilities transform technological inputs into circular outcomes through mechanisms that differ from those in resource-rich contexts, emphasizing informal knowledge sharing rather than formal codification; and (3) sustainability-orientated culture functions as the strongest direct predictor of circular economy practices rather than as a moderator, contradicting Western-centric theoretical frameworks. The study reconceptualizes how NRBV theory applies in resource-constrained environments by demonstrating that circular economy implementation hierarchies are context-dependent rather than universal; value creation from technological resources depends more on effective orchestration than sophistication; and sustainability culture functions differently in collectivist contexts than is theorized in individualistic societies. These theoretical extensions transcend the specific Ghanaian context to offer generalizable insights into how resource endowments and cultural contexts shape sustainability capability development.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144197409","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Driving Sustainable Development Goals: The Nexus Between Sustainability Performance and ESG Investment","authors":"Zain Ul Abideen","doi":"10.1002/bsd2.70130","DOIUrl":"https://doi.org/10.1002/bsd2.70130","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates the influence of sustainability performance on ESG (Environmental, Social, and Governance) investment in Chinese-listed firms, addressing a critical gap in understanding the specific dynamics of sustainability performance within the Chinese context and its role in attracting ESG-focused investment. Employing a quantitative methodology, the research analyzes secondary data from the WIND database, focusing on A-share non-financial companies listed on the China Stock Exchange from 2018 to 2023. The findings reveal that comprehensive sustainability performance, including environmental, social, and governance dimensions, has a significant positive impact on ESG investment. Firms with robust and transparent sustainability disclosures are more likely to attract ESG-oriented investors, highlighting the importance of transparency and accountability in influencing investment decisions. The study aligns with the United Nations Sustainable Development Goals (SDGs) by contributing to SDG 12 (Responsible Consumption and Production) through the promotion of increased corporate sustainability practices, SDG 13 (Climate Action) by encouraging investments in environmentally responsible firms, and SDG 16 (Peace, Justice, and Strong Institutions) by advocating for stronger governance mechanisms. The findings highlight the strategic importance of sustainability performance as a tool for promoting responsible investment and advancing sustainable development goals in China's evolving corporate landscape.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144171831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Green Human Resource Management, Green Organisational Citizenship Behaviour and Organisational Sustainability in the Post-Pandemic Era: An Ability Motivation Opportunity and Resource Based View Perspective","authors":"Ragini Gupta,&nbsp;Harleen Kaur,&nbsp;Dada Ab Rouf Bhat","doi":"10.1002/bsd2.70126","DOIUrl":"https://doi.org/10.1002/bsd2.70126","url":null,"abstract":"<div>\u0000 \u0000 <p>The purpose of the current study is to evaluate how the COVID-19 pandemic increased the usefulness of Green Human Resource Management (GHRM) practices toward achieving organisational sustainability with the moderating effect of non-governmental organisations and labour unions, drawing on the integrated approach using AMO (Ability-Motivation-Opportunity) theory and RBV (Resource-Based View). The data was collected from 371 (depicted using G* power software) managers of manufacturing units in India's Jammu and Kashmir. Partial Least Squares Structural Equation Modelling (PLS-SEM) analysis of survey data revealed that the post-COVID-19 era has accelerated the adoption of green HRM practices within an organisation. Additionally, these eco-friendly HRM techniques are closely related to establishing organisational sustainability in the post-COVID-19 era. Further, the findings suggest a significant moderating role of NGOs in shaping and encouraging voluntary pro-environmental behaviours among employees and intend to guide industrial organisations seeking to enhance their environmental performance.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144148552","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Fostering Sustainable Consumer Behaviors: Integrating Minimalism, Lifestyle of Health and Sustainability, and Collectivist Culture Through the Theory of Planned Behavior","authors":"Khanh Huy Nguyen,&nbsp;Mai Dong Tran","doi":"10.1002/bsd2.70127","DOIUrl":"https://doi.org/10.1002/bsd2.70127","url":null,"abstract":"<div>\u0000 \u0000 <p>This study integrates the theory of planned behavior (TPB) and the stimulus-organism-response (S-O-R) framework to examine how minimalism and the lifestyle of health and sustainability (LOHAS) shape sustainable consumer behaviors, especially within collectivist cultures. A survey of 485 consumers served as the empirical foundation, with data analyzed using partial least squares structural equation modeling (PLS-SEM). Results show that minimalism and LOHAS both significantly enhance consumers' sustainable behaviors by strengthening attitudes, subjective norms, and perceived behavioral control—key components of TPB. Furthermore, collectivist cultural values heighten the impact of minimalism and LOHAS on certain TPB constructs, indicating that communal support and shared environmental goals can amplify pro-sustainability mindsets and actions. These findings underscore the importance of lifestyle-driven approaches to sustainability, suggesting that firms and policymakers tailor marketing and policy initiatives to cultural contexts and highlight both the health and ecological benefits of minimalist, LOHAS-aligned choices. By bridging personal lifestyle orientations with collective cultural norms, this research offers actionable strategies for promoting sustainable consumption in emerging markets.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144117891","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Mapping Environmental, Social, and Governance Controversies and Corporate Financial Performance: Insights From Bibliometric and Content Analyses","authors":"Nejla Ould Daoud Ellili,&nbsp;Richard Yeaw Chong Seow","doi":"10.1002/bsd2.70125","DOIUrl":"https://doi.org/10.1002/bsd2.70125","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores the relationship between ESG controversies and corporate financial performance, focusing on key trends, influential contributions, and dominant theoretical frameworks and research methods in this area. It aims to provide a comprehensive overview of the evolving research landscape and its associated implications. It conducts a systematic literature review utilizing PRISMA protocols along with bibliometric and content analyses. Data were extracted from the Web of Science (WoS) and Scopus databases, resulting in a final selection of 37 high-quality articles published between 2004 and 2024. The analysis identified stakeholder, legitimacy, and agency theories as the most frequently used theoretical frameworks. Results reveal a significant increase in publications since 2022, with ESG controversies affecting corporate financial performance through financial risks and reputational challenges. Key gaps include limited sector-specific research, short-term financial measures, the dominance of quantitative methodologies, and the incorporation of emerging technologies. The study is limited to the WoS and Scopus databases, focusing on peer-reviewed articles in English. It highlights opportunities for future research in emerging markets, sector-specific studies, and integrative qualitative and mixed-method approaches. The findings emphasize the importance of board independence and corporate social responsibility initiatives in addressing ESG controversies. Companies should align their corporate governance structures with ESG strategies to improve transparency, stakeholder trust, and financial resilience. This study offers a comprehensive bibliometric analysis of ESG controversies and corporate financial performance, providing valuable insights for academics, practitioners, and policymakers to explore this research area.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143944794","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Attitudes Toward ESG Reporting in a Crisis Economy: Insights From Interviews With Ukrainian Agricultural Enterprises","authors":"Volodymyr Metelytsia,&nbsp;Vladislav Valentinov,&nbsp;Taras Gagalyuk","doi":"10.1002/bsd2.70123","DOIUrl":"https://doi.org/10.1002/bsd2.70123","url":null,"abstract":"<p>This article explores how ESG reporting practices evolve in high-risk, low-institutional contexts by examining Ukrainian agricultural enterprises operating under conditions of war, economic instability, and EU integration pressures. Drawing on semi-structured interviews, we show that, unlike highly institutionalized ESG models in the Global West, Ukrainian agricultural companies adopt pragmatic, survival-oriented approaches to sustainability. ESG engagement centers on business continuity and community support—balancing moral imperatives with operational needs. A low level of institutionalization fosters authenticity and reduces greenwashing risk, yet widespread skepticism persists regarding the feasibility of reporting without clear financial incentives. These findings challenge the assumptions of global ESG frameworks and highlight the need to reorient standards toward financial materiality in crisis economies. We propose an adaptive ESG reporting model that reduces compliance burdens for SMEs and outline policy measures—including advisory services, simplified procedures, financial incentives, and targeted education—to facilitate context-sensitive ESG integration.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70123","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143938961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}