Business Strategy and Development最新文献_第2页

How Green Credit Policies and Climate Change Practices Drive Banking Financial Performance

IF 4.8

Business Strategy and Development Pub Date : 2025-03-13 DOI: 10.1002/bsd2.70090

Yaser Saleh Al frijat, Jebreel Mohammad Al-Msiedeen, Ahmed A. Elamer

{"title":"How Green Credit Policies and Climate Change Practices Drive Banking Financial Performance","authors":"Yaser Saleh Al frijat, Jebreel Mohammad Al-Msiedeen, Ahmed A. Elamer","doi":"10.1002/bsd2.70090","DOIUrl":"https://doi.org/10.1002/bsd2.70090","url":null,"abstract":"<p>This study examines the influence of green credit policies (GCP) on banking financial performance (FP), emphasizing the moderating role of climate change practices (CCP). Using a stakeholder theory and legitimacy theory framework, we explore how green credit initiatives impact key financial metrics such as return on equity (ROE), earnings per share (EPS), and Tobin's Q. The study utilizes a dataset covering 14 Jordanian banks from 2016 to 2023, applying regression models to test the proposed relationships. Our findings reveal a positive and significant relationship between GCP and FP, indicating that banks with stronger GCP tend to experience enhanced financial outcomes. Additionally, CCP reinforces this positive effect, demonstrating that environmental transparency fosters financial resilience and long-term sustainability. Robustness checks confirm the validity of our results, mitigating concerns regarding reverse causality and endogeneity bias. This study contributes to the green finance literature by providing empirical evidence on the financial benefits of GCP, particularly in the context of developing economies. The research underscores the strategic importance of integrating sustainability-driven policies into banking operations to achieve both financial and environmental objectives. Our findings hold substantial policy implications, advocating for regulatory frameworks that promote green finance transparency. For banking institutions, this study highlights the competitive advantage of embedding sustainability into corporate strategies, ultimately enhancing market valuation and profitability.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70090","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143602470","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

ESG Controversies and Firm Performance in ASEAN: Do Board Gender Diversity and Sustainability Committee Matter?

IF 4.8

Business Strategy and Development Pub Date : 2025-03-13 DOI: 10.1002/bsd2.70094

Noor Hidayah Ab Aziz, Sajead Mowafaq Alshdaifat, Hamzeh Al Amosh

{"title":"ESG Controversies and Firm Performance in ASEAN: Do Board Gender Diversity and Sustainability Committee Matter?","authors":"Noor Hidayah Ab Aziz, Sajead Mowafaq Alshdaifat, Hamzeh Al Amosh","doi":"10.1002/bsd2.70094","DOIUrl":"https://doi.org/10.1002/bsd2.70094","url":null,"abstract":"<p>This study investigates the impact of ESG controversies on the performance of publicly listed firms in the ASEAN-5 countries with the moderating effect of board gender diversity and sustainability committees. By employing random-effects regression, this study examines 1414 observations covering 2017 to 2023. Besides, a two-step GMM and 2SLS regression were used to address the endogeneity problem. The results found a significant negative relationship between ESG controversies and firm performance, implying that firms with fewer ESG controversies have higher performance. Besides, board gender and sustainable committees contribute to reducing the intensity of ESG controversies, which subsequently improves corporate reputation and hence their performances. This outcome presents policymakers with recommendations on how to develop regulations concerning ESG controversies, board gender diversity, and sustainability committees. This study is among the first that highlights the role of board gender diversity and sustainability committees in the context of ESG controversies and firm performance in the region of ASEAN.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70094","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143602469","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

Enablers, Obstacles, and Impacts of Responsible Sourcing Strategies in Moroccan Companies: A Qualitative Analysis

IF 4.8

Business Strategy and Development Pub Date : 2025-03-12 DOI: 10.1002/bsd2.70096

Adil Cherkaoui, Marouane Aliat

{"title":"Enablers, Obstacles, and Impacts of Responsible Sourcing Strategies in Moroccan Companies: A Qualitative Analysis","authors":"Adil Cherkaoui, Marouane Aliat","doi":"10.1002/bsd2.70096","DOIUrl":"https://doi.org/10.1002/bsd2.70096","url":null,"abstract":"<div>\u0000 \u0000 <p>This qualitative analysis investigates the responsible sourcing practices of employees, managers, and directors of 12 companies operating in different sectors in Morocco. The 12 in-depth semi-directed interviews were analyzed using Nvivo 12 plus software, yielded 53 distinct codes, and grouped into six main categories, which led to the emergence of three main themes. The first theme uncovered by the research encompasses regulatory frameworks, stakeholder engagement, and organizational capacity as responsible sourcing enablers. The second theme tackles institutional, operational, and cultural impediments, while the third theme investigates market performance, social impact, and environmental benefits as direct impacts of responsible sourcing. This research uses neo-institutional and stakeholder theories as theoretical lenses, and results show that responsible sourcing adoption in Morocco is conditioned by various organizational, cultural, and operational restrictions. Market performance, social well-being, and environmental sustainability are all impacted by the implementation of responsible sourcing, demonstrating the strategic significance of such strategies in areas with high environmental and social vulnerabilities.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143602552","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

Exploring the Role of Life Cycle Thinking in Developing Supply Chains Aligned With Sustainable Development Goals

IF 4.8

Business Strategy and Development Pub Date : 2025-03-11 DOI: 10.1002/bsd2.70081

Ana Mariele Domingues, Jacqueline de Almeida Barbosa Franco, Pedro Augusto Bertucci Lima, João Victor Rojas Luiz, Adriano Alves Teixeira, Rosane Aparecida Gomes Battistelle

{"title":"Exploring the Role of Life Cycle Thinking in Developing Supply Chains Aligned With Sustainable Development Goals","authors":"Ana Mariele Domingues, Jacqueline de Almeida Barbosa Franco, Pedro Augusto Bertucci Lima, João Victor Rojas Luiz, Adriano Alves Teixeira, Rosane Aparecida Gomes Battistelle","doi":"10.1002/bsd2.70081","DOIUrl":"https://doi.org/10.1002/bsd2.70081","url":null,"abstract":"<div>\u0000 \u0000 <p>Sustainable Supply Chain Management (SSCM) principles and practices contribute to achieving the Sustainable Development Goals (SDG). However, the role of Life Cycle Thinking (LCT) tools and how they can strengthen the achievement of SSCM-oriented SDG has been little explored. This study aims to review the literature that intersects the themes of SSCM, SDG, and LCT to investigate the role of LCT tools in SSCM-oriented SDG. The dynamic capabilities (DC) perspective is the theoretical lens to understand how organizations can sense, seize, and reconfigure resources to address challenges in dynamic and changeable environments as sustainable supply chains require. A systematic literature review supported by PRISMA protocol and structured content analysis was conducted. The results show that LCT tools can be used to evaluate environmental, social, and economic aspects of just one SDG, or impact categories of each LCT tool can be linked to different SDG. The evaluation of the contribution of SSCM practices to the SDG using LCT tools occurs in two ways: (i) using the results of environmental, social, and economic assessments to analyze the contribution to the SDG qualitatively; (ii) linking impact categories (midpoint and endpoint) and indicators from LCT tools directly to specific indicators, goals, and SDG, which makes the assessment of the contribution clearer. LCT tools provide information to improve the 17 DC that help achieve SSCM-oriented SDG. The role of LCT as an analytical tool for SSCM-oriented SDG requires further investigation. To this end, a research agenda is proposed.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143595326","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

Multinational Corporations and Climate Change: Four Environmental Strategies and Their Impacts on Firm Performance

IF 4.8

Business Strategy and Development Pub Date : 2025-03-06 DOI: 10.1002/bsd2.70085

Hwy-Chang Moon, Wenyan Yin, Minji Hong, Dilong Huang

{"title":"Multinational Corporations and Climate Change: Four Environmental Strategies and Their Impacts on Firm Performance","authors":"Hwy-Chang Moon, Wenyan Yin, Minji Hong, Dilong Huang","doi":"10.1002/bsd2.70085","DOIUrl":"https://doi.org/10.1002/bsd2.70085","url":null,"abstract":"<div>\u0000 \u0000 <p>While existing research has examined various factors influencing the ESG–firm performance relationship, firm strategy-related factors remain underexplored. To address this gap, this study introduces two key strategic factors: (1) firm motivation and (2) the relevance of ESG to core business operations. Additionally, we develop a conceptual framework that classifies four environmental response strategies and examines their differential impacts on firm performance. Through a case study of Walmart since the early 2000s, we find that the shift toward active environmental strategies was driven more by reputational and financial challenges than by ethical considerations. Furthermore, Walmart's enhanced integration of environmental initiatives in response to climate challenges reflects a dual objective: sustaining long-term firm growth while mitigating the rising costs of regulatory compliance. This paper complements previous studies on MNCs' environmental engagement by proposing opportunities for creating advantages, rather than viewing it solely as additional costs.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143564596","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

Prioritization of Critical Success Determinants in Corporate Social Responsibility Communication on Social Media: A Best-Worst Method Analysis

IF 4.8

Business Strategy and Development Pub Date : 2025-03-06 DOI: 10.1002/bsd2.70089

Monica Sareen, Ritika Mahajan

{"title":"Prioritization of Critical Success Determinants in Corporate Social Responsibility Communication on Social Media: A Best-Worst Method Analysis","authors":"Monica Sareen, Ritika Mahajan","doi":"10.1002/bsd2.70089","DOIUrl":"https://doi.org/10.1002/bsd2.70089","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores the use of social media (SM) for corporate social responsibility communication (CSR-C), focusing on its effectiveness in engaging stakeholders and enhancing organizational communication. Grounded in Stakeholder Theory and Social Exchange Theory, the research provides a robust theoretical foundation for understanding how CSR-C operates on SM. The primary objective is to identify and prioritize the critical success determinants (CSDs) that influence the efficacy of CSR-C on SM. The study employs a two-step methodology that first identifies nine CSDs through a comprehensive literature review and expert insights. These CSDs are evaluated and ranked using the best-worst method (BWM), an innovative multi-criteria decision-making (MCDM) technique. A tailored online questionnaire, completed by industry experts, facilitated the BWM process, ensuring an expert-driven and precise prioritization of the CSDs. The findings reveal “Sharing Source” as the most influential CSD, emphasizing the importance of credible and trusted sources in disseminating CSR messages. “CSR Co-creation” emerges as the second most critical determinant, highlighting the value of involving stakeholders in designing and promoting CSR initiatives. This research represents a pioneering effort in prioritizing CSDs for CSR-C on SM, offering a structured framework for organizations to enhance their communication strategies. The study underscores the need for strategic content planning, transparency, and interactive engagement to meet the evolving expectations of informed and skeptical stakeholders. By leveraging these insights, organizations can improve the effectiveness of their CSR-C on SM, fostering stronger stakeholder relationships and achieving a more significant impact.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143564595","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

The Role of Organisational Factors and Corporate Governance in Business Ethics Practices

IF 4.8

Business Strategy and Development Pub Date : 2025-03-05 DOI: 10.1002/bsd2.70088

Isabel Gallego-Álvarez, Luis Rodriguez-Dominguez

引用次数: 0

Frugal Innovation: An Effective Approach to Address Global Conscious Consumption Patterns in the Context of Sustainable Development

IF 4.8

Business Strategy and Development Pub Date : 2025-03-05 DOI: 10.1002/bsd2.70084

Marcela Sacanamboy-Trujillo, Diana Escandón-Barbosa

{"title":"Frugal Innovation: An Effective Approach to Address Global Conscious Consumption Patterns in the Context of Sustainable Development","authors":"Marcela Sacanamboy-Trujillo, Diana Escandón-Barbosa","doi":"10.1002/bsd2.70084","DOIUrl":"https://doi.org/10.1002/bsd2.70084","url":null,"abstract":"<p>Frugal innovation is increasingly recognized as a catalyst for sustainable development, offering optimized quality, affordable solutions to resource-constrained customers while aligning with global trends in conscious consumption. This study investigates how institutional leverage capability, sustainability orientation, and strategic flexibility drive frugal innovation—an area of growing importance for both academia and industry. Grounded in the dynamic capabilities framework, this research examines the impacts of institutional leverage capability, sustainability orientation, and strategic flexibility on fostering frugal innovation. Data were collected from 400 Colombian small and medium-sized enterprises (SMEs) and analyzed using structural equation modeling with SPSS and STATA software. The findings reveal that these organizational capabilities are critical drivers of frugal innovation. These results provide actionable insights for managers seeking to integrate frugal principles into their innovation strategies and contribute to the academic discourse on frugal innovation and dynamic capabilities.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70084","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143555063","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

Breaking the Glass Ceiling: The Impact of Board Gender Diversity on Firm Financial Performance in Sri Lanka

IF 4.8

Business Strategy and Development Pub Date : 2025-03-05 DOI: 10.1002/bsd2.70091

Sandunima Kaluarachchi

{"title":"Breaking the Glass Ceiling: The Impact of Board Gender Diversity on Firm Financial Performance in Sri Lanka","authors":"Sandunima Kaluarachchi","doi":"10.1002/bsd2.70091","DOIUrl":"https://doi.org/10.1002/bsd2.70091","url":null,"abstract":"<div>\u0000 \u0000 <p>The purpose of this study is to examine the influence of board gender diversity on the financial performance of firms in Sri Lanka. While extensive research has been conducted in developed countries, this study addresses the gap in literature by examining how cultural and economic differences influence the relationship between gender diversity and corporate performance. Understanding this relationship in developing countries is crucial for shaping inclusive corporate governance policies and promoting sustainable development in diverse economic contexts. This study employs secondary data from the annual reports of listed companies over the period 2012–2022, using panel regression and multiple linear regression models to explore the relationship between board gender diversity and firm financial performance. The findings reveal that, despite Sri Lanka's corporate boards being predominantly male-dominated, the inclusion of female directors is positively associated with improved financial performance. This is evident through factors such as the presence of female directors, female chairpersons, board size, CEO duality and firm age. In contrast, independent directors and leverage are found to have a negative impact on performance. The study provides valuable insights for researchers, investors and policymakers, offering a roadmap for enhancing gender diversity in Sri Lanka's corporate governance and promoting sustainable development.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143555062","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

The Nexus Between Innovation, Value Chains, and Social Sustainability in the Context of a Bioeconomy Upgrading

IF 4.8

Business Strategy and Development Pub Date : 2025-02-26 DOI: 10.1002/bsd2.70087

Pablo Mac Clay, Jorge Sellare

{"title":"The Nexus Between Innovation, Value Chains, and Social Sustainability in the Context of a Bioeconomy Upgrading","authors":"Pablo Mac Clay, Jorge Sellare","doi":"10.1002/bsd2.70087","DOIUrl":"https://doi.org/10.1002/bsd2.70087","url":null,"abstract":"<p>The transition to a bio-based economy promises a path toward reducing greenhouse gas emissions while creating new business opportunities. However, a sustainable transition implies shifting from high-volume, low-value biomass technologies to advanced biotechnologies that minimize biomass requirements and negative environmental impacts while maximizing economic value-added. This accelerated innovation process, which we define as a bioeconomy upgrading, will likely reshape value chain structures and affect benefits distribution. Yet, previous studies have ignored the relationship between value chains and technological change in the bioeconomy. Using a qualitative approach based on value chain mapping, we develop an overarching conceptual framework based on six representative models of bio-based value chains to study the nexus between innovation, value chains, and social sustainability in the transition to a bioeconomy. This framework is illustrated with up-to-date business examples and validated through an expert survey. We find that a bioeconomy upgrading is associated with shorter and more vertically coordinated value chains, a leading role by big firms, and higher levels of research cooperation among firms. Finally, we argue that these changes in the organizational structures coming from accelerated bio-based innovation may expose the most vulnerable value chain actors to new risks and thus propose some lines of thought regarding the potential distributional effects.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70087","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143490009","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