{"title":"Drivers of green brand loyalty: Stakeholder engagement through corporate social responsibility and brand experience","authors":"Truong Thi Hue","doi":"10.1002/bsd2.422","DOIUrl":"10.1002/bsd2.422","url":null,"abstract":"<p>This study aims to determine the drivers related to corporate social responsibility (CSR) and green brand experience that drive green brand loyalty (GBL), ranking the relative importance of these drivers while providing additional explanations for the ranking results. Data were collected from individuals with at least 5 years of experience consuming green agricultural products in Vietnam. The Delphi method and analytic hierarchy process (AHP) were employed in combination to address the research objectives. The research results indicated that both CSR and green brand experience can promote stakeholder engagement and enhance GBL, with components of green brand experience being evaluated as more crucial. The drivers within green brand experience and CSR were ranked in importance. The study makes significant scientific and practical contributions by combining qualitative and quantitative methods in this field, integrating components of CSR and green brand experience within an analytical framework to compare their importance in fostering GBL.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141933289","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":"Intergating sustainability with performance: Effect of social and environmental dimensions of the balanced scorecard on the performance of financial institutions in Ethiopia, moderated by management commitment","authors":"Nathenael Fentaw Ayele, Manjit Singh","doi":"10.1002/bsd2.414","DOIUrl":"10.1002/bsd2.414","url":null,"abstract":"<p>This study investigates the primary factors driving sustainable performance in financial institutions, focusing on the effect of social and environmental aspects of a balanced scorecard on the performance of financial institutions in Ethiopia. It also examines how management commitment moderates the relationship between these social and environmental dimensions and institutional performance. The research adopts a descriptive and explanatory design, utilizing proportional stratified sampling followed by systematic random sampling. From a population of 4990, a sample of 480 was determined using Daniel Soper's formula for structural equation modeling, accounting for an expected effect size of 0.23, a statistical power level of 0.95, and a probability level of .05. Data analysis involved descriptive statistics, covariance-based structural equation modeling, and the interaction-term method for moderation. Findings indicate a significant positive relationship between the social and environmental dimensions of the balanced scorecard and the performance of Ethiopian financial institutions. Additionally, management commitment significantly enhances this relationship. The study confirms that incorporating social and environmental metrics into the balanced scorecard positively impacts financial institution performance, emphasizing the importance of sustainability in performance measurement frameworks. This research underscores the practical implications of integrating sustainability metrics and management commitment in enhancing institutional performance.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141933292","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":"Is CEO power linked to corporate social responsibility disclosure? Evidence from an emerging economy","authors":"Nguyen Vinh Khuong, Nguyen Nhat Anh, Nguyen Thuy Trang, Trinh Hoang Uyen, Nguyen Ngoc Khanh Tien","doi":"10.1002/bsd2.415","DOIUrl":"10.1002/bsd2.415","url":null,"abstract":"<p>The research aims to analyze the influence of Chief Executive Officer (CEO) power factors on corporate social responsibility (CSR) disclosure by listed companies on the Vietnamese stock market. To examine the relationship between CEO power and CSR disclosure (CSRD), our study used the generalized method of moments (GMM) estimation method with panel data from 210 listed companies on the Vietnamese stock market during the period 2015–2022. The research results indicate that factors such as duality, tenure, share ownership, and CEO compensation reduce the level of CSR disclosure by companies. On the other hand, CEO education and age show a positive relationship with disclosure level. The empirical results of this study provide a solid foundation for managers to establish effective corporate governance mechanisms and enhance the quality of sustainable reporting by companies.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141933386","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":"Investigating the role of banks in promoting women-owned micro and small businesses empirical evidence from an emerging economy","authors":"Sadia Noor Khan, Tasneema Khan, Khondokar Jilhajj","doi":"10.1002/bsd2.418","DOIUrl":"10.1002/bsd2.418","url":null,"abstract":"<p>Women entrepreneurs of Bangladesh face strict terms and conditions, high interest rate, and collateral requirements while requesting access to bank finance. This paper investigates the role of banks in promoting micro and small businesses owned by women in Bangladesh in terms of access to bank finance and collateral requirement. Bangladeshi women entrepreneurs were chosen as there are surge in women entrepreneurs in the nation. The study used a close-ended questionnaire to collect data based on stratified sampling and data health was ensured using the Harman's single factor indicating no presence of common method bias. The sample consists of 60 respondents of pilot study and 150 respondents surveyed by trained enumerators resulting a final sample size of 210. The data were collected based on primary sources from the entire Bangladesh represented by the eight divisions of the country namely Dhaka, Barishal, Chittagong, Khulna, Mymensingh, Rajshahi, Rangpur, and Sylhet. The data were analyzed based on the binary logistic regression model using the IBM SPSS Statistics. Empirical results indicate that women entrepreneurs can be granted bank finance only by the private commercial banks without pledging collateralized assets according to the rules of the central bank of Bangladesh provided they offer personal guarantee, social security and group guarantee and if they default on the loans, security will be used for loan repayment, and they will be deprived of further loan facilities. The findings of the study will help add value to the current literatures and the outcomes will be helpful to the concerned parties.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141933291","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":"Enhancing board of director decision-making: The impact of government support on risk management and nonfinancial performance","authors":"Diana Escandon-Barbosa, Jairo Salas-Paramo","doi":"10.1002/bsd2.413","DOIUrl":"10.1002/bsd2.413","url":null,"abstract":"<p>The substantial influence of the board of directors on company performance is a key area of focus in global business management. This study examines the moderating effect of government support on the board of director's role in the relationship between perceived risks and the nonfinancial performance of firms. A survey was conducted among 480 Colombian exporting companies from August to December 2023 to achieve this aim. The data were analyzed using a structural equation model. One significant gap in the literature is the need to identify specific actions and behaviors of companies across various economic sectors, such as exporting Small and Medium Enterprises, to develop strategies for managing risks associated with nonfinancial performance. Additionally, examining the moderating role of government support in achieving business sustainability standards is critical. The findings reveal that human risk (psychological and social) does not significantly affect nonfinancial performance when government support directly influences board decision-making. However, operational risk impacts nonfinancial performance when board directors possess extensive environmental information and leverage government support to implement necessary actions. This understanding enables firms to navigate their operational context more effectively and seize available opportunities.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.413","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141881911","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}
Zainabu Shabani Bungwa, Pius Zebhe Yanda, James Lyimo
{"title":"Sustainable governance of natural gas exploration: A coastal forest ecosystem perspective","authors":"Zainabu Shabani Bungwa, Pius Zebhe Yanda, James Lyimo","doi":"10.1002/bsd2.411","DOIUrl":"10.1002/bsd2.411","url":null,"abstract":"<p>Coastal forest ecosystems can benefit from an empirical study of the sustainable governance of natural gas exploration. But, policymakers and practitioners cannot make informed decisions in the absence of thorough and comprehensive research. This study examines empirical research on the sustainable governance of natural gas exploration within the coastal forest ecosystem, identifies research gaps and outlines future directions. Researchers utilised the theories, context, characteristics, and methodologies (TCCM) analysis in the systematic narrative review of nine studies. The study findings revealed that sustainable governance of natural gas exploration to lessen coastal forest ecological consequences is questionable since most of the study indicated negative impacts on coastal forests. Furthermore, the study findings contributed by identifying the most prominent theories, such as economic theory and efficient taxation, which are thought to maximise long-term economic benefits while minimising the degradation of forest ecosystems. Natural gas exploration-related taxes have the potential to support conservation initiatives and coastal forest ecosystem restoration. Furthermore, the study acknowledges that most studies do not have guidelines for evaluating the concepts of sustainable governance. Moreover, the research suggests the need for sustainable governance that strikes a balance between the goals of natural gas development and the protection of coastal forest ecosystems, enacts laws and regulations that promote good governance towards the Green House Gases protocol, and sets up monitoring and control mechanisms. Furthermore, the government should provide incentives, such as research grants, to encourage research and dissemination, as well as sustainable management techniques for natural gas extraction and coastal forest ecosystem management and conservation.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141881820","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}
Ardianto Ardianto, Suham Cahyono, Noor Adwa Sulaiman
{"title":"CEOs family on the boardroom and environmental, social, and governance disclosure: Exploring from economic crisis during COVID-19","authors":"Ardianto Ardianto, Suham Cahyono, Noor Adwa Sulaiman","doi":"10.1002/bsd2.409","DOIUrl":"10.1002/bsd2.409","url":null,"abstract":"<p>This study examines the relationship between family-run businesses and the quality of environmental, social, and governance (ESG) disclosure, with a specific focus on the influence of the COVID-19 pandemic. Drawing on a sample of 559 firm-year observations from publicly listed companies in ASEAN countries spanning from 2019 to 2022, this study measure ESG disclosure quality using the global reporting initiative guidelines for sustainability reports. Family-run businesses are identified as those with family members serving on the board of directors. This study finding reveals that family-run businesses exhibit higher ESG disclosure quality compared to companies without family representation on their boards. Furthermore, results show a significant positive impact of the COVID-19 pandemic on the relationship between family-run businesses and their ESG disclosure practices. The implications of this study are significant for various stakeholders, including owners, management, and regulators. This research contributes to the existing literature by offering empirical evidence on the relationship between family-run businesses and ESG disclosure within the context of ASEAN countries, particularly amidst the COVID-19 pandemic. By shedding light on the positive association between family involvement and ESG disclosure quality, this study provides valuable insights for practitioners and policymakers seeking to promote sustainable business practices in emerging markets.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141881821","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}
Munther Al-Nimer, Muhammad Sualeh Khattak, Qiang Wu, Rizwan Ullah
{"title":"Unlocking sustainable project management: The role of project managers' competencies in resource bricolage from a stakeholder engagement perspective","authors":"Munther Al-Nimer, Muhammad Sualeh Khattak, Qiang Wu, Rizwan Ullah","doi":"10.1002/bsd2.408","DOIUrl":"https://doi.org/10.1002/bsd2.408","url":null,"abstract":"<p>Sustainable project management practices have garnered increasing attention in recent years. Consequently, in the age of digitalization and globalization, numerous studies extensively explore the relationship between digitalization and sustainable practice. While optimism abounds, there is insufficient research into how and what types of project managers effectively manage resources to enhance the sustainability of projects when stakeholders are engaged. Therefore, we aim to address this gap by analyzing a sample of 211 Chinese project managers involved in the China-Pakistan Economic Corridor (CPEC). Our findings indicate that project managers with digital literacy and experience are effective at managing existing resources to promote sustainable project management practices, while project managers with financial literacy do not directly exhibit sustainable practices. Furthermore, digitally literate managers are more likely to engage in bricolage (effective resource management), whereas experienced project managers are less likely to do so in the presence of stakeholder engagement. Moreover, stakeholder engagement does not appear to moderate the relationship between project manager financial literacy and bricolage. Based on these findings, our research recommends that organizations focus on employing digitally literate and experienced project managers to effectively manage their limited resources for sustainable project management. Further practical implications are discussed.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141968381","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":"Firms' engagement with sustainable development goals (SDGs): A scoping review of empirical works","authors":"Laida Urbieta","doi":"10.1002/bsd2.416","DOIUrl":"10.1002/bsd2.416","url":null,"abstract":"<p>The United Nations Sustainable Development Goals (SDGs) have emerged as a relevant framework for Corporate Social Responsibility (CSR) at the firm level. Despite the recent proliferation of articles about firms' engagement with SDGs within a short span of time, empirical literature in this field is still in its early stages, and has not yet been organized. While a set of literature reviews have analyzed the impact of SDGs at the organizational or firm level, none have specifically focused on empirical works at the company level. To address this gap, this article aims to review the empirical studies on firms' engagement with SDGs. A total number of 29 studies published in the 2015 to 2024 period were reviewed based on the scoping review methodology, in order to identify key concepts and research gaps. In terms of the primary focus of the studies examined, although a wide array of topics were explored in the early stage of the SDG literature, a notable theme emerged: the analysis of the determinants or factors driving companies to engage with SDGs. The article delves into the implications of the findings for managers, public policymakers and various stakeholders.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.416","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141868536","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":"Linking business sustainable development with entrepreneurial marketing practices: Evidence from small and medium enterprises in Ethiopia","authors":"Abebe Techan Tolossa, Manjit Singh, Raj Kumar Gautam","doi":"10.1002/bsd2.412","DOIUrl":"10.1002/bsd2.412","url":null,"abstract":"<p>Business sustainable development (BSD) refers to practices that meet current economic, environmental, and social needs without compromising the ability of future generations to meet their own needs. In Ethiopia, prior studies overlooked this concept when studying entrepreneurial marketing practices (EMP) in small and medium enterprises (SMEs). This study aimed to investigate the effect of these practices on the BSD. Employing a mixed-methods approach, primary and secondary data from 387 SMEs (selected via stratified and simple random sampling from 5765) are analyzed using structural equation modeling (SEM). Results demonstrate a significant, positive relationship between EMP such as innovativeness, opportunity focus, value creation, proactiveness, and sustainable development. The study underscores the necessity for SMEs to enhance marketing practices to ensure long-term viability and competitiveness. It highlights stakeholder engagement: policymakers, local communities, and consumers as critical for aligning marketing efforts with sustainability goals. This engagement not only meets consumer expectations for ethically driven businesses but also enhances inclusive growth and community welfare. By promoting dialogue among stakeholders, SMEs drive sustainable development initiatives and advocate for policies supporting environmentally and socially responsible practices, contributing to a greener, socially conscious economy. Future research should explore mediating or moderating variables across different SME types and regions. This study's novelty lies in its insights into how EMP impact SME sustainable development within Ethiopia, offering valuable insights for strategic decision-making and highlighting the pivotal role of entrepreneurial marketing (EM) in achieving long-term success in dynamic markets.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141868534","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}