Business Strategy and Development最新文献

CEO Power and Environmental Accounting Disclosure: Comparative Evidence From Emerging Economies CEO权力与环境会计信息披露：来自新兴经济体的比较证据

IF 4.2

Business Strategy and Development Pub Date : 2026-04-06 DOI: 10.1002/bsd2.70336

Desmond Bayong, Chrysantus Aatonenaalu Yuorkuu, Thabiso Sthembiso Msomi

{"title":"CEO Power and Environmental Accounting Disclosure: Comparative Evidence From Emerging Economies","authors":"Desmond Bayong, Chrysantus Aatonenaalu Yuorkuu, Thabiso Sthembiso Msomi","doi":"10.1002/bsd2.70336","DOIUrl":"https://doi.org/10.1002/bsd2.70336","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates how CEO structural power influences environmental accounting disclosure (EAD) in emerging economies and explores the moderating effects of institutional quality and stakeholder pressure. It aims to understand whether CEO authority enhances or constrains environmental transparency within varying governance and institutional contexts. The analysis uses an unbalanced panel of 349 listed firms (5933 firm-year observations) across manufacturing, energy, utilities, and service sectors from 2008 to 2024. Method of moments quantile regression (MMQR) and dynamic System GMM estimators are applied to account for endogeneity, cross-sectional dependence, and firm-specific heterogeneity. Robustness checks, including IV-2SLS and propensity score matching (PSM), confirm result validity. Results indicate that CEO structural power positively and significantly enhances EAD across all quantiles, with stronger effects at higher disclosure levels. Both institutional quality and stakeholder pressure positively moderate this relationship, demonstrating that effective institutions and active stakeholders can align CEO influence with sustainability and transparency goals. The study focuses on emerging economies, and results may differ in developed markets with stronger governance frameworks. Regulators and policymakers should reinforce institutional quality and stakeholder engagement mechanisms to ensure that CEO discretion is directed toward sustainable disclosure practices. Improved EAD fosters corporate accountability, stakeholder trust, and progress toward environmental sustainability goals such as SDG 12. This research extends Upper Echelons, Agency, and Resource Dependence theories to environmental accounting by uncovering how CEO power interacts with institutional and stakeholder contexts to shape sustainability reporting.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 2","pages":""},"PeriodicalIF":4.2,"publicationDate":"2026-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147708003","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}

引用次数: 0

An Assessment of Conspicuous Behavior and Environmental Awareness as Predictive Factors of Sustainable Consumption for Sustainable Development 炫耀性行为和环境意识作为可持续消费的预测因素

IF 4.2

Business Strategy and Development Pub Date : 2026-04-06 DOI: 10.1002/bsd2.70332

Arthur William Pereira da Silva, Ciro José Jardim de Figueiredo, Walid Abbas El-Aouar, Eliana Andrea Severo, Ahiram Brunni Cartaxo de Castro, Juliana Carvalho de Sousa, Pablo Marlon Medeiros da Silva

引用次数: 0

From Potential to Impact: How Artificial Intelligence Drives Dynamic Capabilities for Sustainability 从潜力到影响：人工智能如何驱动可持续发展的动态能力

IF 4.2

Business Strategy and Development Pub Date : 2026-04-05 DOI: 10.1002/bsd2.70327

Arved Schneider, Carolin Gerlich, Jerome L. Antonio, Dominik K. Kanbach

{"title":"From Potential to Impact: How Artificial Intelligence Drives Dynamic Capabilities for Sustainability","authors":"Arved Schneider, Carolin Gerlich, Jerome L. Antonio, Dominik K. Kanbach","doi":"10.1002/bsd2.70327","DOIUrl":"https://doi.org/10.1002/bsd2.70327","url":null,"abstract":"<p>As environmental challenges intensify, companies face increasing pressure to integrate environmental sustainability through innovation into their core business practices. Artificial intelligence (AI) holds transformative potential for enabling sustainable business, yet the mechanisms through which firms develop AI-driven capabilities for sustainability remain underexplored. To bridge this gap, this study inductively analyses an extensive sample of semi-structured interviews with CEOs, business unit heads and sustainability as well as AI managers. The resulting integrated empirical framework illustrates the iterative process of AI-driven capability development of firms tackling sustainability challenges. Entrepreneurial orientation is central to this process, serving as a critical driver of agility, proactiveness, and risk-taking behaviors essential for cultivating dynamic capabilities for sustainability. By uncovering the microfoundations of AI-driven sustainability practices, this study offers actionable insights into aligning entrepreneurial strategies with sustainability objectives, utilizing AI as a catalyst for transformative and environmentally sustainable innovation.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 2","pages":""},"PeriodicalIF":4.2,"publicationDate":"2026-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70327","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147707963","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}

引用次数: 0

IF 4.2

Business Strategy and Development Pub Date : 2026-04-05 DOI: 10.1002/bsd2.70324

Rupesh Chourasiya, Rakesh Kumar Malviya

{"title":"Predominant Similarities and Dissimilarities in Technology Adoption: Why and How the Textile Industry Incorporates Sustainable Manufacturing Adoption","authors":"Rupesh Chourasiya, Rakesh Kumar Malviya","doi":"10.1002/bsd2.70324","DOIUrl":"https://doi.org/10.1002/bsd2.70324","url":null,"abstract":"<div>\u0000 \u0000 <p>The textile organizations are increasingly focusing on the adoption of sustainable manufacturing (SM) practices to improve environmental performance while maintaining competitiveness. However, the adoption of such technologies varies across organizations because of differences in organizational capabilities, technological readiness, and institutional pressures. This study investigates the similarities and dissimilarities in technology adoption that influence the implementation of SM in the textile industry. Although SM practices are widely recognized as essential, their implementation remains limited due to various industry-specific constraints. To achieve the research objective, four hypotheses were formulated and empirically tested through a questionnaire-based survey conducted among Indian textile manufacturing organizations. The collected data were analyzed using SPSS 26.0. Initially, reliability analysis was conducted to ensure the internal consistency of the questionnaires. Subsequently, the Kaiser–Meyer–Olkin (KMO) and Bartlett's Test of Sphericity were applied to verify sampling adequacy and data suitability for factor analysis. Principal Component Analysis (PCA) was then used to reduce data dimensionality and identify the key factors influencing technology adoption. Further, regression analysis was performed to examine the relationships between the identified factors, while Analysis of Variance (ANOVA) was applied to determine whether significant differences exist in technological adoption practices among organizations. The findings of the study provide valuable insights for industry practitioners and policymakers to develop effective strategies that encourage technology adoption in the textile sector and highlight future research directions for advancing SM implementation in the industries.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 2","pages":""},"PeriodicalIF":4.2,"publicationDate":"2026-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147708023","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}

引用次数: 0

From Green Sales to Sustainable Strategy: How Internal Capabilities Shape ESG Outcomes 从绿色销售到可持续战略：内部能力如何塑造ESG成果

IF 4.2

Business Strategy and Development Pub Date : 2026-04-04 DOI: 10.1002/bsd2.70335

Suzan Dsouza, Aalok Kumar, Sourabh Kumar

{"title":"From Green Sales to Sustainable Strategy: How Internal Capabilities Shape ESG Outcomes","authors":"Suzan Dsouza, Aalok Kumar, Sourabh Kumar","doi":"10.1002/bsd2.70335","DOIUrl":"https://doi.org/10.1002/bsd2.70335","url":null,"abstract":"<div>\u0000 \u0000 <p>This study empirically investigates how green revenue generation influences corporate sustainability performance within European Union firms. Using a panel dataset of 4727 firm-year observations from 682 listed companies (2013–2023), the analysis focuses on how revenues from environmentally sustainable products and services enhance ESG outcomes. Employing fixed effects and system-GMM regression models, the study addresses endogeneity and unobserved heterogeneity. The findings reveal that green revenue has a strong positive association with overall ESG scores, especially when internal organizational factors such as human rights, workforce quality, management practices, and product responsibility are robust. Notably, human rights and effective management amplify the green revenue–sustainability link, while workforce and product responsibility show stronger moderating effects on the social dimension. In governance outcomes, management quality plays a pivotal role. Theoretically, the study integrates stakeholder theory, the resource-based view, and dynamic capabilities to explain how external green strategies must be aligned with internal strengths. For policymakers, the results highlight the value of supporting corporate green initiatives with governance reforms. For managers, the study underscores that leveraging green revenue alone is insufficient; embedding strong internal practices ensures maximized ESG impact and long-term sustainable value creation.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 2","pages":""},"PeriodicalIF":4.2,"publicationDate":"2026-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147707997","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}

引用次数: 0

Carbon Finance in Sustainable Supply Chains: Insights From a Systematic Review of the Literature 可持续供应链中的碳金融：来自文献系统回顾的见解

IF 4.2

Business Strategy and Development Pub Date : 2026-04-04 DOI: 10.1002/bsd2.70328

Mahima Rana, T. Joji Rao

{"title":"Carbon Finance in Sustainable Supply Chains: Insights From a Systematic Review of the Literature","authors":"Mahima Rana, T. Joji Rao","doi":"10.1002/bsd2.70328","DOIUrl":"https://doi.org/10.1002/bsd2.70328","url":null,"abstract":"<div>\u0000 \u0000 <p>Reducing the carbon footprint in supply chains increasingly depends on how effectively carbon finance is integrated into supply chain management. This paper reviews how financial mechanisms designed to reduce carbon emissions are being applied across supply chains. A structured process was used to select relevant articles published between 2011 and 2024, filtered by subject, document type, and language. <i>The final dataset consists of 47 peer-reviewed articles sourced from the Scopus database and shortlisted from ABDC ranked A and A* journals.</i> To analyze publication patterns, thematic clusters, and influential contributions, bibliometric techniques were applied using R Studio and VOSviewer. The review explores how methods such as carbon pricing, financial incentives, and offsetting schemes can drive lower emissions throughout supply networks. It brings together insights from the selected studies, summarizing their methodologies, theoretical approaches, and findings while identifying key gaps and directions for future research. Our goal is to shed light on: (i) current research trends in this area; (ii) the challenges of linking carbon finance with supply chains; (iii) the diversity of research techniques used; (iv) potential areas for future study; and (v) how the literature can be synthesized into a broader understanding of the field.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 2","pages":""},"PeriodicalIF":4.2,"publicationDate":"2026-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147707998","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}

引用次数: 0

Does National Governance Quality Moderate the Gender Diversity–ESG Disclosure Relationship? Cross-National Evidence on Sustainable Development 国家治理质量调节性别多样性- esg信息披露关系？关于可持续发展的跨国证据

IF 4.2

Business Strategy and Development Pub Date : 2026-04-01 DOI: 10.1002/bsd2.70326

Xin Huangfu

{"title":"Does National Governance Quality Moderate the Gender Diversity–ESG Disclosure Relationship? Cross-National Evidence on Sustainable Development","authors":"Xin Huangfu","doi":"10.1002/bsd2.70326","DOIUrl":"https://doi.org/10.1002/bsd2.70326","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines whether national governance quality shapes the relationship between board gender diversity and ESG disclosure quality among publicly traded firms. Despite growing evidence linking female board representation to sustainability outcomes, the institutional conditions under which this relationship holds remain poorly understood, and national governance quality has been largely absent as a theorized boundary condition in prior research. Drawing on institutional theory and human capital theory, we analyze 40,371 firm-year observations from 7115 companies across 41 countries (2012–2022), employing hierarchical linear modeling to capture cross-level interactions and two-stage least squares estimation to address endogeneity. Results confirm that board gender diversity positively associates with ESG disclosure quality in general; however, this effect is significantly amplified under stronger national governance institutions, with governance effectiveness and political stability emerging as the most influential moderating dimensions. A critical mass threshold further qualifies this relationship: the positive effect of female board representation is statistically insignificant for skewed boards (female directors constituting 20% or less), becomes significant for tilted boards (20% to 40%), and strengthens further for balanced boards (40% or above), suggesting that a representational threshold of approximately 20% must be exceeded before gender diversity meaningfully influences ESG disclosure. These findings establish national governance quality as a theorized boundary condition that determines when gender-diverse boards translate into better disclosure outcomes, with differentiated implications for regulators and nomination committees operating across varied governance contexts.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 2","pages":""},"PeriodicalIF":4.2,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147707822","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}

引用次数: 0

Sustainable Development in the Global Food and Beverage Sector: Leveraging Brand Visibility for Competitive Advantage and Effective Stakeholder Engagement 全球食品和饮料行业的可持续发展：利用品牌知名度获得竞争优势和有效的利益相关者参与

IF 4.2

Business Strategy and Development Pub Date : 2026-04-01 DOI: 10.1002/bsd2.70322

Leong Sukye, Woon Leong Lin, See Kwong Goh

{"title":"Sustainable Development in the Global Food and Beverage Sector: Leveraging Brand Visibility for Competitive Advantage and Effective Stakeholder Engagement","authors":"Leong Sukye, Woon Leong Lin, See Kwong Goh","doi":"10.1002/bsd2.70322","DOIUrl":"https://doi.org/10.1002/bsd2.70322","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the interplay between environmental management (EM), environmental performance (EP), and corporate financial performance (CFP) within the global food and beverage (F&B) industry to advance the discourse on sustainable development. By leveraging the natural resource-based view (NRBV) and stakeholder theory, it investigates how internal environmental policy translates into financial outcomes and evaluates the moderating role of brand visibility in facilitating stakeholder engagement. Using system generalized method of moments (GMMs) on panel data from 540 firms spanning 2015 to 2023, the findings reveal that EM significantly improves market-based CFP (Tobin's <i>Q</i>), but has no direct effect on accounting-based measures (ROA and ROE). EP shows no direct financial impact, though EM positively influences EP. Brand visibility significantly moderates the EM-CFP and EP-CFP relationships, amplifying their effects. The study clarifies the distinct roles of EM and EP, addresses mixed findings in prior research, and highlights the strategic importance of integrating environmental and marketing capabilities to drive competitive advantage and enhance firm performance.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 2","pages":""},"PeriodicalIF":4.2,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147707828","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}

引用次数: 0

Family Hands, Greener Firms? The Effects of Family Management and Ownership on ESG Performance 家族企业，绿色企业？家族管理与股权对ESG绩效的影响

IF 4.2

Business Strategy and Development Pub Date : 2026-03-31 DOI: 10.1002/bsd2.70331

Matheus Juan Silva Ribeiro, Yuri Gomes Paiva Azevedo, Alexandro Gonçalves da Silva Prado, Alan Bandeira Pinheiro

{"title":"Family Hands, Greener Firms? The Effects of Family Management and Ownership on ESG Performance","authors":"Matheus Juan Silva Ribeiro, Yuri Gomes Paiva Azevedo, Alexandro Gonçalves da Silva Prado, Alan Bandeira Pinheiro","doi":"10.1002/bsd2.70331","DOIUrl":"https://doi.org/10.1002/bsd2.70331","url":null,"abstract":"<p>This study examines the impact of family management and ownership on the environmental, social, and governance (ESG) performance of Brazilian publicly listed companies. Using panel data from 105 firms listed on B3 between 2010 and 2024, the results indicate that family-managed firms exhibit a significant negative effect on both aggregate ESG scores and their individual pillars, whereas family ownership exerts no significant effect. These findings remain robust when implementing propensity score matching (PSM) as a robustness check. The study contributes to the literature by disentangling the managerial and ownership dimensions of family involvement and linking them to disaggregated ESG outcomes. By combining socioemotional wealth (SEW) perspective with pillar-level ESG analysis in an emerging market setting, the research uncovers heterogeneous sustainability incentives within family-controlled firms that have been overlooked in prior studies. These findings offer insights for investors, analysts, creditors, and policymakers in evaluating ESG-related risks and governance structures in family firms.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 2","pages":""},"PeriodicalIF":4.2,"publicationDate":"2026-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70331","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147708423","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}

引用次数: 0

Exploring Dividend Policy Effects on Corporate Reputation and Product Responsibility in the German Market 德国市场股利政策对企业声誉和产品责任的影响研究

IF 4.2

Business Strategy and Development Pub Date : 2026-03-31 DOI: 10.1002/bsd2.70325

Richard Arhinful, Leviticus Mensah

{"title":"Exploring Dividend Policy Effects on Corporate Reputation and Product Responsibility in the German Market","authors":"Richard Arhinful, Leviticus Mensah","doi":"10.1002/bsd2.70325","DOIUrl":"https://doi.org/10.1002/bsd2.70325","url":null,"abstract":"<div>\u0000 \u0000 <p>Germany has robust product responsibility legislation that mandates corporations to ensure the safety and quality of their products. Companies in Germany operate in a tightly regulated and fiercely competitive market, where sustained success depends on maintaining product quality and a strong reputation. This study used dividend signaling theory to examine the influence of dividend policy decisions on product responsibility and corporate reputation. An inclusion criterion was established to select non-financial companies, and a purposive sampling technique was employed to gather data from 227 non-financial companies listed on the Frankfurt Stock Exchange between 2006 and 2023, sourced from the Thomson Reuters Eikon DataStream. The Augmented Mean Group (AMG) estimator, Common Correlated Effects Mean Group (CCEMG) estimator, and the two-step Generalized Method of Moments (GMM) were used to estimate the relationships among the variables under study. The findings indicated that dividend yield has a negative and significant impact on product responsibility, while it positively influences corporate reputation. Additionally, dividend payout was found to have a negative, significant relationship with product responsibility and a positive, significant impact on corporate reputation. In contrast, the dividend coverage ratio demonstrated a positive and significant impact on product responsibility and corporate reputation. The moderating relationship between governance and dividend yield also significantly affected product responsibility and corporate reputation. Corporations should implement a strategic dividend program to enhance their brand and establish product responsibility. Highlighting a stable, attractive dividend policy can signal financial well-being and a commitment to enhancing shareholder value, making it an effective strategy for cultivating investor confidence.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 2","pages":""},"PeriodicalIF":4.2,"publicationDate":"2026-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147708411","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}

引用次数: 0