Business Strategy and Development最新文献

{"title":"From Survival to Shift: Value Creation by Cross-Sector Partnerships Under Authoritarianism","authors":"Xu Kang,&nbsp;Thi Minh Chau Bui,&nbsp;Supriya Singh,&nbsp;Matthias Fertig","doi":"10.1002/bsd2.70152","DOIUrl":"https://doi.org/10.1002/bsd2.70152","url":null,"abstract":"<p>This study explores how cross-sector partnerships (CSPs) create value in authoritarian contexts, employing a goal–outcome lens to investigate the interplay between organizational intentions and realized outcomes. Drawing on five CSP cases from China and Vietnam, it demonstrates how CSPs generate intended and auxiliary value across social and market dimensions by strategically deploying “selective coupling” with dominant state logic to secure legitimacy and sustain operations, while preserving elements of market and civil-society logics to pursue their core objectives. Although this conformity stabilizes the prevailing institutional order, CSPs simultaneously introduce civil-society and market practices—such as community empowerment, awareness raising on sustainability and human rights issues, and outcome-based performance management—that incrementally expand the normative space for civil society logic. CSPs function both as stabilizers and subtle catalysts of evolutionary institutional change. In examining these dynamics, this study contributes to scholarship on value creation and institutional complexity in politically constrained contexts.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70152","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144519758","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}

{"title":"The Moderating Effect of ESG Controversies on the Relationship Between CSR Committee and ESG Performance: Malaysian Evidence","authors":"Zaira Aniza Samsudin,&nbsp;Muskan Sahu,&nbsp;Waleed M. Alahdal,&nbsp;Norakma Abd Majid,&nbsp;Siti Nurain Muhmad","doi":"10.1002/bsd2.70158","DOIUrl":"https://doi.org/10.1002/bsd2.70158","url":null,"abstract":"<div>\u0000 \u0000 <p>Environmental, social, and governance (ESG) controversies reflect the responsibility to which corporate social responsibility (CSR) committees within firms act with genuine intentions. With the continuous development of ESG practices and the increasing number of environmental and social controversies in the Malaysian corporate environment, this study examines whether ESG controversies (ESGCON) influence the relationship between CSR committees and ESG performance among publicly listed firms in Malaysia. Additionally, the reformation of corporate governance in Malaysia has led to a growing establishment of CSR committees, providing valuable insights into the governance mechanism's impact on ESG practices in emerging markets. A quantile regression was applied to a dataset comprising 944 firms in Malaysia from 2016 to 2023. ESG scores, CSR committee data, and ESG controversy scores were extracted from the Refinitiv Eikon database to investigate the impact of ESGCON on the relationship between CSR committees and ESG performance. This study demonstrated that firms with CSR committees contribute to a strong favorable linkage with ESG performance. However, ESGCON does not exhibit a moderating effect on this relationship, although they are negatively correlated with both ESG performance and CSR committees. Moreover, firm size and GDP were found to positively and significantly influence ESG performance, while leverage displayed a complex and mixed effect. To date, no study has been done regarding the effect of ESGCON on the relationship between CSR committees and ESG performance in the Malaysian context. Hence, this study raises awareness among policymakers, practitioners, and academicians on the importance of considering ESGCON when developing policies, business strategies, and ESG initiatives. The findings also offer guidance for publicly listed firms in Malaysia to strengthen their sustainability efforts and enhance corporate governance structures to mitigate adverse effects of the risk associated with ESGCON.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144515058","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":"Nonlinear and Threshold Effects of CSR Expenditure on Bank Liquidity Creation: The Moderating Role of Bank Culture","authors":"Do Khanh Hien,&nbsp;Nguyen Thi Hoa Hong,&nbsp;Hoang Gia Huy,&nbsp;Tang Pham Hoai Phuong,&nbsp;Hoang Thi To Anh,&nbsp;Nguyen Le Hien Thu,&nbsp;Nguyen Thu Thuy","doi":"10.1002/bsd2.70142","DOIUrl":"https://doi.org/10.1002/bsd2.70142","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates the nonlinear and threshold effects of Corporate Social Responsibility expenditure (CSRE) on bank liquidity creation, incorporating the moderating role of bank culture. Using panel data from 29 Vietnamese banks from 2010 to 2023, we employ a dynamic Generalized Method of Moments model, dynamic panel threshold regression and panel vector autoregression model to uncover the relationship between variables. The findings reveal an inverted <i>U</i>-shaped relationship, where CSR investments positively influence liquidity creation up to a threshold, beyond which excessive investment reduces its benefits. Besides, control and create bank culture weaken this nexus. These findings offer significant implications for bank managers and policymakers by highlighting the importance of banks determining appropriate CSRE thresholds for optimal liquidity creation benefits, avoiding overinvestment and fostering suitable bank cultures to moderate CSRE—liquidity creation association.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144503103","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":"Exploring ESG Indicators and the Sustainable Development Goals: A Fuzzy Multi-Criteria Approach to Cause-and-Effect Analysis","authors":"Ícaro Guilherme Félix da Cunha,&nbsp;Renata Veloso Santos Policarpo,&nbsp;Paula Cristina Senra de Oliveira,&nbsp;Lucas Gabriel Zanon,&nbsp;Daisy Aparecida do Nascimento Rebelatto","doi":"10.1002/bsd2.70155","DOIUrl":"https://doi.org/10.1002/bsd2.70155","url":null,"abstract":"<p>Corporate sustainability, measured by Environmental, Social, and Governance (ESG) indicators, faces challenges in aligning with the global Sustainable Development Goals (SDGs). This study identifies ESG indicators in the literature and evaluates their cause-and-effect relationships with the SDGs using a hybrid approach combining fuzzy DEMATEL and fuzzy cognitive maps (FCM). Our findings reveal that environmental indicators exert significant influence on the system and demonstrate strong causal relationships with multiple SDGs. By integrating these methodologies, the study provides a novel perspective on mapping corporate contributions to sustainable development. This hybrid approach provides a clearer understanding of how ESG indicators and SDGs are interconnected, offering actionable insights to help companies prioritize initiatives that support global sustainability goals. Furthermore, this study emphasizes the practical advantages of combining fuzzy DEMATEL and FCM over standalone methods, particularly in visualizing complex relationships and hierarchical influences. Future research could explore additional applications of this methodology and investigate private sector motivations for aligning with specific SDGs.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70155","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144503024","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}

{"title":"Industry 5.0–Enabled Circular Supply Chain: Evaluating Barriers and Its Solutions","authors":"Hardik Majiwala,&nbsp;Ravi Kant","doi":"10.1002/bsd2.70151","DOIUrl":"https://doi.org/10.1002/bsd2.70151","url":null,"abstract":"<div>\u0000 \u0000 <p>Adopting Industry 5.0 and Circular Supply Chain (CSC) concepts signifies a significant shift in manufacturing and supply chain management. However, the implementation of Industry 5.0–enabled CSC faces various barriers, from technological challenges to policy limitations. Addressing these barriers is crucial for achieving sustainability. This study identifies and evaluates solutions to mitigate the barriers to implementing Industry 5.0–enabled CSC. A hybrid framework combining Spherical Fuzzy Stepwise Weight Assessment Ratio Analysis (SF-SWARA) and Spherical Fuzzy Combined Compromise Solution (SF-CoCoSo) is presented. SF-SWARA assesses the impact of Industry 5.0–enabled CSC barriers, while SF-CoCoSo prioritizes solutions to overcome these barriers. The framework is demonstrated through a case study of the Indian textile manufacturing industry. The most effective solution identified is the formulation of effective policies and frameworks by the government and policymakers. The study advises supply chain planners and policymakers to use Industry 5.0 and CSC for efficiency and sustainability.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144503102","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":"Nexus Between Green Human Resource Management and Sustainable Performance in a Moderated Mediation Mechanism","authors":"Md. Aftab Uddin,&nbsp;Tarek Rana,&nbsp;Md. Al-Amin,&nbsp;Refa Akter,&nbsp;Shetu Ranjan Biswas","doi":"10.1002/bsd2.70144","DOIUrl":"https://doi.org/10.1002/bsd2.70144","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper examines Green Human Resource Management (GHRM) for the common good through the connections between psychological green climate (PGC) and employee green behavior (EGB). In doing so, it explores the influence of GHRM and PGC on EGB and sustainable performance (SP) as well as the moderating effect of PGC on EGB. Drawing on the notion of common good, this study mobilizes ability motivation opportunity theory to articulate the nexus of business ethics and the environment. Data were collected from 307 manufacturing companies using a survey. To ensure robustness, structural equation modeling with AMOS software was used to analyze the data. The study's results show that both GHRM and PGC directly influence EGB, which proxies to affect the organizational SP precisely. However, the results also show that GHRM has no significant direct repercussion with SP, and the analysis of the moderation effect excavated that PGC does not intervene in the relationship of GHRM and EGB. This paper contributes to an interesting conjuncture of growing literature on the adoption and impact of psychological behavior and business ethics, which we argue can become the epicenter of ethical business processes to ensure the common environmental good. The study shows that organizations can flourish sustainable behavioral aspects, values, norms, and practices in business processes and among the employees through nurturing the tenets of GHRM, PGC, and EGB that will raise the organizational capacity to transform the environmental common good.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144503025","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":"Corporate Governance and Investment Efficiency: What Is the Role of Financial Statement Comparability?","authors":"Nguyen Vinh Khuong,&nbsp;Vu Tran Trong Tai,&nbsp;Le Huu Tuan Anh","doi":"10.1002/bsd2.70136","DOIUrl":"https://doi.org/10.1002/bsd2.70136","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the relationship between corporate governance, investment efficiency, and financial statement comparability as a mediating factor. Using the System Generalized Method of Moments (Sys GMM), we analyze data from 227 Vietnamese firms between 2016 and 2022 to investigate how financial statement comparability influences the effect of corporate governance on investment efficiency. The selection of Sys GMM is based on its ability to address endogeneity issues and manage dynamic panel data, thereby guaranteeing reliable and coherent evaluations of the interconnections among the various factors. Our findings show that corporate governance positively influences investment efficiency (<i>β</i> = 0.012, <i>p</i> &lt; 0.01), and this relationship is further strengthened when financial statements are more comparable, as transparency reduces information asymmetry. Model diagnostics confirm our specification's validity (Hansen test: <i>p</i> &gt; 0.10). Unlike prior studies that focus on governance's direct impact, this research uniquely establishes financial statement comparability as a mediating mechanism, bridging corporate governance and investment efficiency. It provides valuable insights for decision-makers, regulators, and professionals aiming to enhance corporate governance and financial reporting comparability, fostering a more transparent and efficient investment environment.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492980","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":"Digital Capabilities and Supply Chain Resilience: Is Supply Chain Mapping the Missing Link?","authors":"Arsalan Zahid Piprani,&nbsp;Sajid Nazir,&nbsp;Arsalan Najmi,&nbsp;Motoki Watabe,&nbsp;Noor Ismawati Jaafar","doi":"10.1002/bsd2.70148","DOIUrl":"https://doi.org/10.1002/bsd2.70148","url":null,"abstract":"<p>Despite growing awareness of digital capabilities are crucial to supply chain resilience (SCR), but the understanding of how these capabilities enhance SCR remains limited. Prior research has provided the empirical evidence on the role of supply chain mapping (SCMAP) in enhancing SCR. However, the specific ways in which digital capabilities can aid firms in developing a thoroughly mapped supply chain across various levels remain unclear. This paper explores the interrelationships between digital capabilities, SCMAP, and their collective impact on SCR. The findings reveal that while digital capabilities do not have a direct impact on SCR, they significantly influence SCR indirectly via SCMAP. This research is pioneering in examining these connections, offering fresh perspectives on the interplay between digital capabilities, SCMAP, and SCR. In light of these insights, the study recommends that firms sequentially develop their digital capabilities, refine their SCMAP, and enhance their SCR to achieve optimal outcomes.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70148","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492986","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}

{"title":"AI Robotics: Transforming Grassroots Innovation for Sustainable Development in Developing Economies","authors":"Rahul Prakash","doi":"10.1002/bsd2.70143","DOIUrl":"https://doi.org/10.1002/bsd2.70143","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper explores the transformative potential of artificial intelligence (AI) robotics to foster grassroots innovation for sustainable development in poor countries. It explains how integrating AI and robots may strengthen grassroots capabilities, promote equity, and so address important issues that are apparent in the fields of education, health, and agriculture. Examining the connections between AI-robotics and grassroots, the study highlights how technology might improve or change life in underprivileged communities. Through real-world case studies, it examines effective applications of AI robotics to promote social justice and global economic development. It discusses some of the difficulties, such as technological, societal, and cultural ones, as well as ethical conundrums while using AI. The study delves deeper into the legislative and policy landscape, offering solutions to the challenges and strategies to encourage growth. It also demonstrates how crucial local knowledge and co-creation are to attaining sustainable and inclusive technological advancement. The conclusion outlines the key conclusions, offers fixes for issues, and offers suggestions for more research to open the door to a more equitable and sustainable technological future.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144339386","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":"Advancing the 15th SDG: G20 Nations' Progress in Protecting Life on Land Through Circular Economy Strategies","authors":"Jessica Suarez Campoli,&nbsp;Marcelo Seido Nagano,&nbsp;Tatiana Kimura Kodama,&nbsp;Heloisa Lee Burnquist","doi":"10.1002/bsd2.70141","DOIUrl":"https://doi.org/10.1002/bsd2.70141","url":null,"abstract":"<div>\u0000 \u0000 <p>Life on land is vital for biodiversity conservation, climate regulation, and sustainable development, reinforcing the 15th Sustainable Development Goal (SDG). This study assesses the efficiency and productivity of G20 nations in advancing the 15th SDG within the circular economy (CE) framework from 2016 to 2019. We hypothesize that CE strategies enhance progress toward this SDG. Gross domestic product (GDP) and territorial surface were inputs, while total natural resource rents, protected land areas, aboveground biomass in forests, and the average proportion of key freshwater biodiversity areas covered by protected areas were outputs. Methodologically, we conducted an econometric validation of inputs and outputs, followed by efficiency assessment through data envelopment analysis (DEA) and productivity measurement via the Malmquist Productivity Index (MPI). Results showed varying performances among G20 nations. The United Kingdom, Italy, France, South Korea, and Germany were efficient among developed nations, while Turkey, Indonesia, Brazil, Argentina, and South Africa led among emerging economies. These findings suggest G20 nations have potential for improvement by adopting environmental policies aligned with SDG guidelines and CE principles. However, results showed no significant productivity gains, aligning with efficiency trends that declined over time. Thus, all G20 nations must reassess their strategies to enhance efficiency and productivity, ensuring meaningful progress toward the 15th SDG.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144315362","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}