Business Strategy and Development最新文献

Artificial Intelligence-Based ESG Greenwashing Detection: Road to Net Zero Carbon and Its Impact on Corporate Performance 基于人工智能的ESG洗绿检测：通往净零碳之路及其对企业绩效的影响

IF 4.2

Business Strategy and Development Pub Date : 2025-10-04 DOI: 10.1002/bsd2.70228

Ratna Candra Sari, Mahfud Sholihin, Fitra Roman Cahaya, Abdullahi Ishola, Nurhening Yuniarti, Arin Pranesti, Annisa Ratna Sari, Haryanto

{"title":"Artificial Intelligence-Based ESG Greenwashing Detection: Road to Net Zero Carbon and Its Impact on Corporate Performance","authors":"Ratna Candra Sari, Mahfud Sholihin, Fitra Roman Cahaya, Abdullahi Ishola, Nurhening Yuniarti, Arin Pranesti, Annisa Ratna Sari,  Haryanto","doi":"10.1002/bsd2.70228","DOIUrl":"https://doi.org/10.1002/bsd2.70228","url":null,"abstract":"<div>\u0000 \u0000 <p>To respond to public criticism on environmental issues, some businesses have significantly improved their environmental performance. Others, on the other hand, have responded symbolically by making little to no changes or by performing greenwashing. While much research has examined greenwashing, AI-based techniques for identifying it have received less attention. The aim of this study is to validate the robustness of our AI-based greenwashing detection (AI-GW). In this study, our proposed AI-GW model is cross-tested with the existing ESG datasets from trusted and reputable financial and market data providers, namely Thomson Reuters and Bloomberg. Further, we examine the impact of greenwashing on corporate performance. To test the hypotheses, we use panel data gathered from all the Indonesian companies that have provided full ESG disclosures from 2017 to 2022. This study finds no difference between greenwashing scores based on our AI-GW and the database. This study also finds a positive correlation between AI-GW and greenwashing scores from a database. Further, the findings show that greenwashing consistently has a negative significant effect on financial performance when using our AI-GW-derived scores and the database-derived data. The results of this study provide support for the validity of the AI-based greenwashing detection method we developed.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 4","pages":""},"PeriodicalIF":4.2,"publicationDate":"2025-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145224227","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

Impact of Management on Financial Performance in the Pharmaceutical Industry 医药行业管理对财务绩效的影响

IF 4.2

Business Strategy and Development Pub Date : 2025-10-02 DOI: 10.1002/bsd2.70232

Cristina Blanco González-Tejero, Alicia Ramírez-Orellana, Silvia Giralt Escobar, Antonio Garcia-Amate

{"title":"Impact of Management on Financial Performance in the Pharmaceutical Industry","authors":"Cristina Blanco González-Tejero, Alicia Ramírez-Orellana, Silvia Giralt Escobar, Antonio Garcia-Amate","doi":"10.1002/bsd2.70232","DOIUrl":"https://doi.org/10.1002/bsd2.70232","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the impact of board independence, inclusion, research and development (R&D) intensity, and gender diversity on corporate financial performance in the pharmaceutical industry—a critical indicator in financial management. These variables are increasingly relevant to corporate sustainability, especially in the face of a dynamic and highly competitive market environment. Using Partial Least Squares Structural Equation Modeling (PLS-SEM), on a robust dataset of 296 observations from 80 pharmaceutical companies from around the world over a different year period (2011–2022), the research examines how governance and organizational factors influence financial outcomes, measured by Return on Assets (ROA), Return on Equity (ROE), Return on Sales (ROS), and Tobin's Q. Findings reveal that board independence positively affects financial performance. Additionally, innovation—reflected in higher R&D investment—significantly enhances firm performance, underlining its strategic role in competitiveness and growth. Gender diversity and inclusion are also assessed for their contributions to organizational value. The study offers insights for companies and decision-makers, highlighting the importance of integrating governance mechanisms into strategic planning to align with corporate goals and improve financial results.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 4","pages":""},"PeriodicalIF":4.2,"publicationDate":"2025-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145223701","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

Correction to “Green Transformational Leadership and Firm ESG Performance in a Transitional Economy: The Serial Mediating Roles of Green Training and Green Involvement” 对“转型经济中的绿色变革型领导与企业ESG绩效：绿色培训和绿色参与的系列中介作用”的修正

IF 4.2

Business Strategy and Development Pub Date : 2025-10-01 DOI: 10.1002/bsd2.70231

引用次数: 0

Correction to “Maximizing Financial Performance Through ESG Excellence and Sustainable Practices” 更正“透过卓越的ESG及可持续实践，提升财务表现”

IF 4.2

Business Strategy and Development Pub Date : 2025-09-29 DOI: 10.1002/bsd2.70227

引用次数: 0

Shared Value in Crisis: The Role of SMEs in Humanitarian Action 危机中的共同价值：中小企业在人道主义行动中的作用

IF 4.2

Business Strategy and Development Pub Date : 2025-09-29 DOI: 10.1002/bsd2.70219

Monica Adami

{"title":"Shared Value in Crisis: The Role of SMEs in Humanitarian Action","authors":"Monica Adami","doi":"10.1002/bsd2.70219","DOIUrl":"https://doi.org/10.1002/bsd2.70219","url":null,"abstract":"<div>\u0000 \u0000 <p>Small and Medium Enterprises (SMEs) are often marginalized in humanitarian research and policy, yet they play a vital role in sustaining livelihoods and services in crisis-affected contexts. This article examines how SMEs co-create humanitarian value through embedded, adaptive, and ethically situated practices. Drawing on a comparative case study of the Philippines and Yemen—two crises with contrasting institutional conditions—it develops a conceptual framework that integrates shared value practical reason, and commons governance. The Philippines represents a disaster-prone but institutionally scaffolded environment where SMEs engage through formal resilience clusters and business continuity frameworks. Yemen, by contrast, exemplifies institutional collapse, where SMEs sustain essential services through survival-driven improvisation, informal governance, and moral obligations to communities. Empirical material was mainly derived from triangulated secondary sources, analyzed through deductive thematic coding and cross-case pattern matching. Findings reveal two distinct pathways of SME engagement: resilience-driven shared value under enabling conditions and survival-driven shared value in fragile economies. While limited by the absence of direct SME voices, the study highlights the importance of recognizing SMEs as embedded humanitarian actors and calls for more inclusive frameworks that integrate local enterprise agency into crisis governance.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 4","pages":""},"PeriodicalIF":4.2,"publicationDate":"2025-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145224393","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

Linking Corporate Environmental Strategy to Environmental Performance: The Mediating Role of Employee Green Behavior and the Moderating Effect of Environmental Concern 企业环境战略对环境绩效的影响：员工绿色行为的中介作用及环境关注的调节作用

IF 4.2

Business Strategy and Development Pub Date : 2025-09-29 DOI: 10.1002/bsd2.70215

Mekuria Belayneh Haile, Sandeep Singh

{"title":"Linking Corporate Environmental Strategy to Environmental Performance: The Mediating Role of Employee Green Behavior and the Moderating Effect of Environmental Concern","authors":"Mekuria Belayneh Haile, Sandeep Singh","doi":"10.1002/bsd2.70215","DOIUrl":"https://doi.org/10.1002/bsd2.70215","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examined the link between corporate environmental strategy (CES) and environmental performance (EP) in large-scale manufacturing organizations in Kombolcha City, Ethiopia. It also investigated the mediating role of green behavior (GB) and the moderating effect of environmental concern (EC) in this linkage. The research is grounded in the Natural Resource-Based View, which frames CES as a strategic asset, and Social Identity Theory, which explains how employees internalize and act on environmental values. The researchers utilized an explanatory research design and employed a quantitative approach. A self-administered questionnaire was utilized, and data were collected from 379 employees and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results of the study revealed that CES, GB, and EC have a significant positive effect on EP. Research results asserted that GB acts as a mediator between CES and EP. The findings also demonstrated that EC moderates the link between GB and EP, but with a small effect size. Leaders in manufacturing organizations and policymakers ought to endorse efforts that promote employee engagement in GB. Organizations must focus on not only formulating a corporate environmental strategy but, more importantly, building a culture that fosters and sustains environmentally responsible behaviors at all levels to ensure its successful implementation. In general, strong environmental strategies that emphasize the concept of shared responsibility for sustainability greatly improve employee EP.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 4","pages":""},"PeriodicalIF":4.2,"publicationDate":"2025-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145224392","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

Strategy and Development in Pharmacy Holding Companies: Enhancing Sustainable Lifestyle and Unlocking New Business Opportunities 医药控股公司的策略与发展：提升可持续生活方式，释放新商机

IF 4.2

Business Strategy and Development Pub Date : 2025-09-25 DOI: 10.1002/bsd2.70226

Idiano D'Adamo, Simona Desideri, Massimo Gastaldi, Martina Iannilli, Federico Marinangeli

{"title":"Strategy and Development in Pharmacy Holding Companies: Enhancing Sustainable Lifestyle and Unlocking New Business Opportunities","authors":"Idiano D'Adamo, Simona Desideri, Massimo Gastaldi, Martina Iannilli, Federico Marinangeli","doi":"10.1002/bsd2.70226","DOIUrl":"https://doi.org/10.1002/bsd2.70226","url":null,"abstract":"<p>The creation of pharmacy holding companies today is not merely a strategic choice but increasingly a necessity, driven by evolving market dynamics, regulatory changes, and the growing complexity of management. This paper explores how these companies can play a transformative role by enhancing sustainable lifestyles and unlocking new business opportunities, which are both central to their development strategy. To address this, a multi-criteria decision analysis is proposed, combining the compensatory methods AHP and TOPSIS, based on insights from four categories of experts. The results show a notable correlation between the AHP and TOPSIS values, although the rankings diverge. TOPSIS identifies business opportunities as the main driver behind a pharmacy owner's decision to join a holding, whereas AHP highlights the importance of lifestyle improvements and better working conditions. Expert perspectives also vary: managers and academics emphasize lifestyle factors, consultants focus on market potential, and pharmacists prioritize acquisition costs. Pharmacy holding companies, by evolving from shareholder-driven to stakeholder-oriented models, are positioned to place the customer at the center, expanding services and redistributing benefits generated by the new structure. A business strategy aligned with this model can contribute meaningfully to the achievement of SDGs 3 and 8.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 4","pages":""},"PeriodicalIF":4.2,"publicationDate":"2025-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70226","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145135649","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

The Power of Purpose: How Organizational Purpose Strength Enhances Social Well-Being Within Work Teams 目标的力量：组织目标力量如何增强工作团队中的社会幸福感

IF 4.2

Business Strategy and Development Pub Date : 2025-09-25 DOI: 10.1002/bsd2.70216

M. P. Florez-Jimenez, A. Lleo, E. McNeely, P. Ruiz-Palomino

{"title":"The Power of Purpose: How Organizational Purpose Strength Enhances Social Well-Being Within Work Teams","authors":"M. P. Florez-Jimenez, A. Lleo, E. McNeely, P. Ruiz-Palomino","doi":"10.1002/bsd2.70216","DOIUrl":"https://doi.org/10.1002/bsd2.70216","url":null,"abstract":"<p>The Covid-19 pandemic has made explicit both the rise in loneliness and mental illness and the increase in remote work or working from home; a working condition shown to be related to loneliness, anxiety, and depression. This paper explores whether a strong organizational purpose, at the group level—defined as employees within a group understanding, valuing, and contributing to it—can generate bonds that promote social well-being at the group level in a dynamic and changing world. Using Partial Least Squares and a sample of 261 departments/groups of 31 organizations, we found that group-level organizational purpose strength fosters social well-being within work groups, as reflected in group-level sense of belonging and collaborative behaviors. We also identify group-level characteristics that may moderate these relationships. Our findings advance Social Identity Theory, Self-Determination Theory, and the emerging Theory of Purpose Orientation by extending prior research on organizational purpose. Earlier research has examined purpose mainly in relation to final outcomes like productivity and performance but has overlooked intermediate outcomes such as group-level social well-being—the focus of this study.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 4","pages":""},"PeriodicalIF":4.2,"publicationDate":"2025-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70216","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145135650","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

Advancing Sustainability Through Digital Transformation: Empirical Evidence From Southeast Asian Listed Companies 通过数字化转型促进可持续发展：来自东南亚上市公司的经验证据

IF 4.2

Business Strategy and Development Pub Date : 2025-09-25 DOI: 10.1002/bsd2.70223

Atchara Leeraphong, Suranai Chuairuang, Supattana Sukrat

{"title":"Advancing Sustainability Through Digital Transformation: Empirical Evidence From Southeast Asian Listed Companies","authors":"Atchara Leeraphong, Suranai Chuairuang, Supattana Sukrat","doi":"10.1002/bsd2.70223","DOIUrl":"https://doi.org/10.1002/bsd2.70223","url":null,"abstract":"<div>\u0000 \u0000 <p>Increasing awareness of sustainability issues, together with ever-changing technological disruption, has led enterprises, especially in emerging markets, to invest more in digital technologies to enhance their sustainable competitiveness in the market. Relying on 163 firm-year observations covering the years 2019–2023 from Indonesia, Malaysia, and Thailand, we explore the effects of digital transformation (DT) on the corporate sustainability performance. Our findings support <i>resource-based view theory</i>, suggesting the adoption of digital technology by firms primarily drives their sustainability performance, particularly in environmental and social domains. To ensure the robustness of our main findings, we perform several robust tests, including the 2SLS IV method, panel fixed-effect regression, and quantile regression. The practical implications of our findings highlight the importance for both listed companies and regulators in developing corporate and national digital strategies aimed at improving the corporate sustainability performance of the country.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 4","pages":""},"PeriodicalIF":4.2,"publicationDate":"2025-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145135589","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

Blockchain-Enabled Integration of Circular Economy Practices in Supply Chains: A Conceptual Framework 供应链中循环经济实践的区块链整合：一个概念框架

IF 4.2

Business Strategy and Development Pub Date : 2025-09-23 DOI: 10.1002/bsd2.70222

Ricardo Luiz Carlos, Claudia Aparecida de Mattos

{"title":"Blockchain-Enabled Integration of Circular Economy Practices in Supply Chains: A Conceptual Framework","authors":"Ricardo Luiz Carlos, Claudia Aparecida de Mattos","doi":"10.1002/bsd2.70222","DOIUrl":"https://doi.org/10.1002/bsd2.70222","url":null,"abstract":"<p>The growing demand for sustainable solutions has intensified interest in approaches that enable the transition from linear to circular economic models. In this context, this study proposes the development of a conceptual framework that integrates blockchain technology to support the implementation of circular practices. The circular economy aims to reduce waste and maximize the retention of resource value throughout its life cycle. However, its operationalization faces challenges such as a lack of traceability, limited trust among supply chain actors, and insufficient transparency in shared information. Blockchain technology, which enables secure, decentralized, and immutable recording and sharing of data, is a promising alternative to overcome these barriers. Through a systematic literature review, the objective is to propose a conceptual framework that explains how blockchain functionalities can support the execution of circular practices across different stages of the supply chain. The framework is grounded in three theoretical lenses: The Diffusion of Innovation Theory, Institutional Theory, and Transaction Cost and Network Effect Theory. It is structured around three main constructs: <i>blockchain</i> (with key functionalities such as traceability, smart contracts, and tokenization), <i>circular economy practices</i> (based on the hierarchy of the 10rs), and a <i>circular supply chain</i> (focusing on integration, reverse logistics, and sustainability certification). The methodology involved a systematic literature review following PRISMA guidelines, resulting in the analysis of 67 peer-reviewed articles. The findings provide theoretical and practical insights into how blockchain can enable traceability, transparency, automation, and cost reduction in circular supply chains, thereby accelerating the adoption of sustainable and efficient business models.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.2,"publicationDate":"2025-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70222","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145181552","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