Business Strategy and Development最新文献

{"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}

{"title":"Youth Capability Ecosystems and Strategic Business Models: Leveraging Market Segmentation for Sustainable Development in Emerging Economies","authors":"Sajid Amit,&nbsp;Abdulla Al Kafy,&nbsp;Mushfiqur Rahman,&nbsp;Iftakhar Ahmed","doi":"10.1002/bsd2.70137","DOIUrl":"https://doi.org/10.1002/bsd2.70137","url":null,"abstract":"<div>\u0000 \u0000 <p>As businesses increasingly seek to align commercial strategies with development goals in emerging markets, understanding the complex youth capability landscape becomes crucial for sustainable growth and impact. This research examines how businesses can align commercial strategies with sustainable development goals by understanding youth capability ecosystems in emerging markets, focusing on Bangladesh as a representative case. Through a mixed-methods approach with advanced data science techniques, we analyzed survey data from 400 youth respondents in Dhaka to identify distinct market segments based on capability profiles. Our methodological triangulation applying K-Means clustering (silhouette score: 0.670), Hierarchical clustering (0.778), and DBSCAN (0.782) revealed four robust youth segments with unique development potentials: high potential entrepreneurs, digital workforce, traditional employment seekers, and skill development candidates. Network analysis identified digital proficiency as the most central capability (betweenness centrality: 0.58), demonstrating strong correlations with career confidence (0.93) and entrepreneurial intent (0.92). Business model suitability analysis quantified segment-specific alignment patterns, with entrepreneurship incubators showing exceptional alignment with high potential entrepreneurs (score approaching 1.0) and digital workforce platforms strongly aligning with the digital workforce segment (0.85). SDG alignment analysis revealed that High Potential Entrepreneurs demonstrate strongest alignment with SDG 9: industry, innovation and infrastructure (0.77), while digital workforce shows substantial alignment with SDG 8: decent work (0.69). These findings provide a robust framework for strategic youth engagement in emerging markets, enabling businesses to create shared value while contributing to sustainable development. The study advances both theoretical understanding of youth capability ecosystems and practical approaches to inclusive business models in emerging economies experiencing demographic transitions.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144315356","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of Supplier Innovation and Competitiveness on Local Content Compliance: The Moderating Role of Firm Size in the UAE Oil and Gas Sector","authors":"Mashael Al Marzooqi,&nbsp;Ilham Haouas,&nbsp;Jacob Cherian","doi":"10.1002/bsd2.70140","DOIUrl":"https://doi.org/10.1002/bsd2.70140","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the effects of supplier innovation and long-term competitiveness on local oil and gas content compliance, considering the United Arab Emirates (UAE) economic diversification and sustainability objectives and the moderating influence of firm size. Using a quantitative research design to survey 462 oil and gas suppliers in the UAE, and resource-based view (RBV) and institutional theories, we examined innovation, competitiveness, and local content requirements (LCRs) compliance. Long-term competitiveness and supplier innovation positively increase LCR compliance more optimally by larger suppliers, making firm size a key moderator. Special initiatives are necessary to support smaller suppliers, overcome resource constraints, and improve competitiveness. This study contributes to the literature by providing insights into the interplay between innovation, competitiveness, and policy compliance in emerging economies. We provide recommendations for improving supplier innovation, aiding smaller firms, and synchronizing LCR policies with sustainability objectives for policymakers and industrial stakeholders.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144292674","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of CEO Attributes on Working Capital Management: Insight From Gender, Financial Literacy, and Experience","authors":"Muhammad Azeem Naz,&nbsp;Rizwan Ali,&nbsp;Ahmed Elamer","doi":"10.1002/bsd2.70134","DOIUrl":"https://doi.org/10.1002/bsd2.70134","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates the impact of Chief Executive Officer (CEO) attributes on working capital management (WCM) along with the moderating role of family ownership on this relationship. This study employed the generalized method of moments (GMM) estimation to test the hypotheses and to address potential endogeneity concerns, complemented by ordinary least squares regression on a sample of 1900 firm-year observations from non-financial firms listed on the Pakistan Stock Exchange. The empirical results of the study indicate that CEO gender, education, and experience are positively associated with WCM. Additionally, the findings of the current study reveal that family ownership negatively and significantly moderates the relationship between CEO attributes and WCM. These findings provide novel evidence and extend empirical support to upper echelon theory in the context of an emerging economy. The study findings outline insights for the managers, investors, regulatory authorities, and policymakers.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144292673","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Green Human Resource Management Practices and Organizational Sustainable Development: A Moderated Mediation Model of Circular Economy and Green Organizational Culture","authors":"Junaid Iqbal,&nbsp;Mubashir Ahmad Aukhoon,&nbsp;Attia Aman-Ullah,&nbsp;Junaid Jahangir,&nbsp;Zahoor Ahmad Parray","doi":"10.1002/bsd2.70132","DOIUrl":"https://doi.org/10.1002/bsd2.70132","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the effect of green human resource management practices on organizational sustainable development, while analyzing the mediating role of the circular economy and the moderating effect of green organizational culture within this mediated relationship based on resource-based view. Data were gathered from a sample of 326 banking sector employees using convenience sampling, and the presented hypotheses were evaluated using partial least squares structural equation modeling (PLS-SEM). The findings indicate that green human resource management methods have a considerable and positive impact on both organizational sustainable development and the circular economy. Moreover, the circular economy was identified as a mediator in the interaction between green human resource management practices and organizational sustainable development, underscoring its essential function as a facilitator of sustainable transformation. This mediated association was further reinforced by green organizational culture, underscoring the significance of environmentally conscious attitudes in augmenting the efficacy of green human resource management practices. This study provides a novel viewpoint on the interplay between intangible organizational resources and cultural dynamics in promoting sustainability by incorporating the circular economy and green organizational culture, thereby enhancing the resource-based view framework. The findings enhance the theoretical framework of resource-based view literature and provide practical guidance for managers seeking to integrate sustainability into human resource practices.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144264575","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 Social Responsibility, Corporate Governance, and Asymmetric Information: Evidence From Jordan","authors":"Yousef Shahwan","doi":"10.1002/bsd2.70138","DOIUrl":"https://doi.org/10.1002/bsd2.70138","url":null,"abstract":"<div>\u0000 \u0000 <p>By giving investors clear and thorough information to assist them in making decisions, disclosures about CSR lessen asymmetric information. Even while some analysts may minimize CSR information, it is becoming increasingly significant in developing nations with low levels of openness, such as Jordan. Information on CSR is essential for lowering hazard and fostering confidence in firm governance as socially conscious investment grows. The necessity of harmonizing stakeholder and manager interests is highlighted by the fact that asymmetric information, in which one side possesses a greater understanding than the other, may result in inconsistencies and possibly market failures. The research aimed to examine the moderating effect of corporate governance by employing concentrated ownership and board structure and activities in the relation between corporate social responsibility and asymmetric information. To achieve the aim of this research, the data were collected from the annual reports of the companies which were published on the Amman Stock Exchange website for the years 2013 to 2023. This research finds that the disclosure of corporate social responsibility has a negative effect on information asymmetry, and this shows that corporate social responsibility disclosure decreases the level of information asymmetry. Furthermore, the results show that specific concentrated ownership and board structure and activities moderate the association between the disclosure of corporate social responsibility and information asymmetry by affecting the disclosure of information as well as how investors perceive it. More precisely, the bid-ask spread is negatively impacted by the independence of the board, duality of CEO, and size of the board. These results reflect the important effect of the moderator factors in reducing asymmetric information and improving the relationship of CSR with regard to asymmetric information. Information asymmetry and CSR disclosure are positively correlated when the independence of the board moderates. Finally, the study's findings have both theoretical and practical implications. For example, CSR could be used by management to identify and employ the finest individuals and strengthen ties among management acting as agents for different shareholders and blockholders acting as principals.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144256412","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":"COVID-19 Pandemic, ESG Performance, and Sustainability Disclosure in the European Healthcare Sector: Do GRI Guidelines Matter?","authors":"Hamzeh Al Amosh,&nbsp;Saleh F. A. Khatib","doi":"10.1002/bsd2.70128","DOIUrl":"https://doi.org/10.1002/bsd2.70128","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates the impact of the COVID-19 pandemic on sustainability disclosure and environmental, social, and governance (ESG) scores in 726 healthcare companies across 10 European countries over the period 2016 to 2022, with a specific focus on the relevance of following Global Reporting Initiative (GRI) guidelines. The findings reveal that COVID-19 cases and deaths have a significant negative effect on sustainability reporting scores for GRI-non-compliant firms. Interestingly, the study uncovers a positive relationship between COVID-19 cases and sustainability reporting scores for firms that follow GRI guidelines. This implies that GRI-compliant firms are more proactive in addressing and disclosing the impact of the pandemic, leading to higher sustainability reporting scores. Conversely, non-compliant firms exhibit a negative relationship between COVID-19 cases and sustainability reporting scores, suggesting challenges in effectively addressing and communicating their response to the pandemic. Furthermore, the impact of COVID-19 on ESG scores differs based on GRI compliance. GRI-compliant firms demonstrate minimal impact on ESG scores, indicating the resilience of their established ESG practices. In contrast, non-compliant firms experience a negative impact of COVID-19 cases on ESG scores, highlighting the importance of adopting standardized reporting frameworks to effectively manage and communicate ESG performance during crises. The results underscore the need for firms to proactively address and communicate their response to the pandemic's challenges, particularly in terms of sustainability reporting and ESG performance. The study highlights the role of GRI guidelines as a potential facilitator of effective pandemic response and emphasizes the significance of standardized reporting frameworks for managing and communicating sustainability performance during crises in the health sector and beyond.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144256463","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}