Business Strategy and Development最新文献_第2页

A Green Internet of Things (GIoT) Adoption Framework to Enhance Environmental Performance of SMEs Through the Digital Social Networking 绿色物联网（GIoT）采用框架通过数字社交网络提高中小企业的环境绩效

IF 4.8

Business Strategy and Development Pub Date : 2025-07-21 DOI: 10.1002/bsd2.70179

Muhammad Farhan Jalil, Dayang Affizzah Binti Awang Marikan, Mohamad bin Jais, Kartinah Ayupp, Muhammad Hafiz bin Mohd Shukri

{"title":"A Green Internet of Things (GIoT) Adoption Framework to Enhance Environmental Performance of SMEs Through the Digital Social Networking","authors":"Muhammad Farhan Jalil, Dayang Affizzah Binti Awang Marikan, Mohamad bin Jais, Kartinah Ayupp, Muhammad Hafiz bin Mohd Shukri","doi":"10.1002/bsd2.70179","DOIUrl":"https://doi.org/10.1002/bsd2.70179","url":null,"abstract":"<p>Small and Medium Enterprises (SMEs) face increasing pressure to adopt sustainable practices, yet the adoption of advanced technologies like the Green Internet of Things (GIoT) remains limited. This study addresses this gap by proposing and validating a GIoT adoption framework aimed at enhancing environmental performance, emphasizing the mediating role of digital social networking (DSN). Extending the Unified Theory of Acceptance and Use of Technology (UTAUT), the model incorporates perceived motivation and perceived environmental knowledge as additional predictors. A quantitative survey of 614 SME owners and managers from manufacturing and service sectors was conducted, and structural equation modelling (SEM) was used for analysis. Results show that all UTAUT constructs, along with the extended variables, significantly influence GIoT adoption. GIoT adoption directly improves environmental performance and promotes DSN, which further amplifies its positive environmental impact. The study also reveals that manufacturing SMEs exhibit a stronger intent to adopt GIoT. Implications for policy and practice are discussed.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70179","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144672998","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

Towards Enhanced Sustainability Reporting Credibility: The Role of National Governance in Europe 提高可持续发展报告可信度：欧洲国家治理的作用

IF 4.8

Business Strategy and Development Pub Date : 2025-07-21 DOI: 10.1002/bsd2.70171

Mohammad Alta'any, Rasmi Meqbel, Babajide Oyewo, Abeer Alsulami

{"title":"Towards Enhanced Sustainability Reporting Credibility: The Role of National Governance in Europe","authors":"Mohammad Alta'any, Rasmi Meqbel, Babajide Oyewo, Abeer Alsulami","doi":"10.1002/bsd2.70171","DOIUrl":"https://doi.org/10.1002/bsd2.70171","url":null,"abstract":"<div>\u0000 \u0000 <p>Drawing on institutional theory, this study investigates the impact of national governance (i.e., voice and accountability, political stability, government effectiveness, regulatory quality, rule of law, and control of corruption) on companies' decisions to acquire sustainability assurance (SA) reports. The sample includes 6367 firm-year observations from 21 European countries between 2010 and 2021. A panel regression analysis using a logistic model is applied to test the hypotheses. Our results show that voice and accountability, political stability, regulatory quality, and the rule of law have a significant and positive impact on SA. On the other hand, government effectiveness and control of corruption have no influence on SA. The results are robust after several sensitivity analyses. Overall, the findings highlight the importance of national-level reforms to enhance governance features that augment the credibility of sustainability reporting. Stakeholders and investors can use governance indicators to identify companies most likely to adopt quality assurance. In addition, the study provides policy recommendations to support European sustainability goals through targeted governance improvements.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144672999","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

Bibliometric Analysis and Systematic Literature Review of Environmental, Social, and Governance Risk 环境、社会与治理风险之文献计量分析与系统文献回顾

IF 4.8

Business Strategy and Development Pub Date : 2025-07-18 DOI: 10.1002/bsd2.70163

Thuy Anh Nguyen

{"title":"Bibliometric Analysis and Systematic Literature Review of Environmental, Social, and Governance Risk","authors":"Thuy Anh Nguyen","doi":"10.1002/bsd2.70163","DOIUrl":"https://doi.org/10.1002/bsd2.70163","url":null,"abstract":"<div>\u0000 \u0000 <p>This study provides a comprehensive overview of the rapidly evolving environmental, social, and governance (ESG) risk field by integrating a bibliometric analysis with a systematic literature review (SLR). The bibliometric results reveal a sharp rise in scholarly output since 2020, driven by tighter sustainability regulations, growing investor scrutiny, and global disruptions such as the COVID-19 pandemic. Performance analysis highlights that Europe and North America, particularly Italy and the United States, lead in research productivity and citation impact, although collaboration remains fragmented. Science mapping identifies seven dominant thematic clusters, ranging from ESG risk integration in finance, controversies, and governance linkages to emerging data-driven and machine learning methods, which align closely with six core themes synthesized from the SLR. The qualitative synthesis of 26 influential studies confirms that ESG risk is a financially material factor influencing firm performance, audit quality, credit risk, and investment returns, but also exposes persistent challenges such as inconsistent measurement, limited causal testing, and underexplored contexts outside developed markets. The combined insights underline the need for harmonized ESG risk indicators, dynamic causal modeling, explainable AI, and cross-country comparative research. By bridging bibliometric structure and qualitative depth, this study offers an integrated foundation to guide future ESG risk scholarship and support more resilient, sustainable financial decision-making.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144647656","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

Bridging Regional Corporate Sustainability Differences With Diasporic Insights: A Case Made by the Indian Diaspora in Australia 用散居者的见解弥合地区企业可持续性差异：以澳大利亚印度散居者为例

IF 4.8

Business Strategy and Development Pub Date : 2025-07-11 DOI: 10.1002/bsd2.70160

Claudia Speidel

{"title":"Bridging Regional Corporate Sustainability Differences With Diasporic Insights: A Case Made by the Indian Diaspora in Australia","authors":"Claudia Speidel","doi":"10.1002/bsd2.70160","DOIUrl":"https://doi.org/10.1002/bsd2.70160","url":null,"abstract":"<p>Corporate Social Responsibility (CSR) programs are often developed in the Global North and applied in the Global South with minimal input from local Southern stakeholders. This may lead to a limited understanding of Southern cultural contexts, making CSR programs less effective. Despite growing calls for more culturally contextualized approaches, few studies explore CSR perceptions from the perspective of a Southern public. This paper addresses this gap by exploring the role of Southern diasporas as possible intermediaries in evaluating corporate sustainability efforts. The mixed-method study—comprising focus groups and an online survey conducted in Australia in 2022/23—focuses on the Indian Australian diaspora's evaluation of corporate sustainability and, more specifically, Porter and Kramer's Creating Shared Value (CSV) strategies. Through triangulation of the qualitative and quantitative findings, the research reveals that trust in corporate sustainability remains fragile but that the CSV model can offer a compelling and legitimate approach. It shows that certain CSV strategies, particularly those aligned with cultural and institutional frameworks, resonate more strongly with participants. This study underlines the value of culturally attuned corporate sustainability approaches and positions the active engagement with diasporas as a potential pathway to more effective, culturally informed, and locally relevant corporate sustainability practices.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70160","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144598530","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

Eco-Friendly Supply Chains: Unveiling the Keys to Sustainable Success in the Textile Industry of an Emerging Economy 生态友好型供应链：揭示新兴经济体纺织业可持续成功的关键

IF 4.8

Business Strategy and Development Pub Date : 2025-07-09 DOI: 10.1002/bsd2.70157

Md. Yeasin, Abdullah Al Masud, Md. Alamgir Hossain, Md. Shakhawat Hossain, Md. Abir Hossain

{"title":"Eco-Friendly Supply Chains: Unveiling the Keys to Sustainable Success in the Textile Industry of an Emerging Economy","authors":"Md. Yeasin, Abdullah Al Masud, Md. Alamgir Hossain, Md. Shakhawat Hossain, Md. Abir Hossain","doi":"10.1002/bsd2.70157","DOIUrl":"https://doi.org/10.1002/bsd2.70157","url":null,"abstract":"<div>\u0000 \u0000 <p>This study focuses on analyzing how various elements of green supply chain management (GSCM) techniques affect sustainable corporate performance. In addition, an in-depth GSCM efficiency model is proposed and practically assessed in this research. The model incorporates green supply chain strategies that link manufacturers and suppliers to advance environmental sustainability across the entire supply chain. A convenience sampling strategy was used to distribute questionnaires and collect responses from 405 managers in the textile industry. Subsequently, a structural equation modeling (SEM) approach was used to analyze the hypothesized model. Industrial organizations that adopt GSCM strategies regularly observe higher social performance (SP) and environmental performance (EP), both of which have a positive impact on economic performance (ECP). Additionally, the study found that SP serves as a mediating factor in the relationship between EP and ECP. This study provides practitioners with a way to assess the combined impact of GSCM interventions on performance. The study identifies the use of green manufacturing (GM), green purchasing (GP), eco-design (ED), investment recovery (IR), cooperation with customer (CWC), and green logistics systems (GLS) as essential for achieving sustainable company performance. The study enriches the existing body of literature by highlighting the role of SP as a mediating factor in the context of the garments industry. The proposed model concerning the performance of GSCM practices stands as a substantial and valuable contribution. Furthermore, the findings reinforce the notion that GSCM processes not only play a critical role in environmental well-being but also have the potential to yield profitable outcomes.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144582145","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 Impacts of ESG Reporting, Stakeholder Engagement and Board Gender Diversity on Firm Performance: Exploring the Moderating Role of Board Independence ESG报告、利益相关者参与和董事会性别多样性对公司绩效的影响：探讨董事会独立性的调节作用

IF 4.8

Business Strategy and Development Pub Date : 2025-07-09 DOI: 10.1002/bsd2.70159

Alfredo Grau, Manuel Castelo-Branco, Inmaculada Bel-Oms

{"title":"The Impacts of ESG Reporting, Stakeholder Engagement and Board Gender Diversity on Firm Performance: Exploring the Moderating Role of Board Independence","authors":"Alfredo Grau, Manuel Castelo-Branco, Inmaculada Bel-Oms","doi":"10.1002/bsd2.70159","DOIUrl":"https://doi.org/10.1002/bsd2.70159","url":null,"abstract":"<p>This research aims to examine the moderating effect of board independence on the impacts of internal governance mechanisms (ESG reporting, stakeholder engagement, and board gender diversity on firm performance) on firm performance, taking into account the financial orientation of the country. As far as we are aware, it is the first study to conduct such an examination. The sample comprises European companies included in the Euronext Vigeo 120 Index for the years from 2012 to 2021 collected from the Thomson Reuters database. The results show that board independence moderates negatively the association between ESG reporting and firm performance. Furthermore, when we divide the full sample into two subsamples based on the structure of the financial orientation of the country, the association between ESG reporting and firm performance in market-oriented countries is negatively moderated by board independence. Additionally, the results also show that board independence positively moderates the impact of stakeholder engagement on firm performance in bank-oriented countries. Finally, policymakers as well as companies' managers are well advised to consider the division of the sample according to financial orientation when incorporating into corporate governance mechanisms devised to contribute both to firm performance and ESG issues.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70159","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144589940","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Green Governance Revolution: How CSR Committee Shapes Corporate Environmental Innovation 绿色治理革命：企业社会责任委员会如何塑造企业环境创新

IF 4.8

Business Strategy and Development Pub Date : 2025-07-08 DOI: 10.1002/bsd2.70166

Rasmi Meqbel, Aladdin Dwekat, Islam Abdeljawad, Mohammad A. A. Zaid

{"title":"The Green Governance Revolution: How CSR Committee Shapes Corporate Environmental Innovation","authors":"Rasmi Meqbel, Aladdin Dwekat, Islam Abdeljawad, Mohammad A. A. Zaid","doi":"10.1002/bsd2.70166","DOIUrl":"https://doi.org/10.1002/bsd2.70166","url":null,"abstract":"<div>\u0000 \u0000 <p>As global challenges linked to climate change intensify, the need for innovative and effective environmental strategies within corporate settings becomes ever more pressing. Despite growing scrutiny of corporate sustainability practices, the specific impact of dedicated CSR committees and their defining attributes on fostering environmental innovation remains insufficiently understood. This study addresses this gap by examining whether the existence of a CSR committee and its attributes (i.e., size, independence, chair independence, and meeting attendance) influence environmental innovation. Drawing on a global sample of non-financial firms listed in the Bloomberg World Large and Mid-Cap Index from 2013 to 2020, our analyses reveal that CSR committee presence accelerates environmental innovation. Furthermore, the size of the CSR committee, independence, and active participation in regular meetings demonstrate a positive and significant effect. By highlighting the critical contribution of well-designed and proactive CSR committees, our findings offer invaluable insights for boards of directors, managerial leaders, and policymakers, guiding the development of governance structures that effectively drive environmental innovation.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144582254","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

Transforming Capitalism for Sustainable Development: Achieving the Vision of Three Zeros 转型资本主义促进可持续发展：实现“三个零”愿景

IF 4.8

Business Strategy and Development Pub Date : 2025-07-07 DOI: 10.1002/bsd2.70164

Muhammad Khalilur Rahman, Md Arafat Hossain, Miraj Ahmed Bhuiyan, Md Karim Rabiul, Moniya Sultana

{"title":"Transforming Capitalism for Sustainable Development: Achieving the Vision of Three Zeros","authors":"Muhammad Khalilur Rahman, Md Arafat Hossain, Miraj Ahmed Bhuiyan, Md Karim Rabiul, Moniya Sultana","doi":"10.1002/bsd2.70164","DOIUrl":"https://doi.org/10.1002/bsd2.70164","url":null,"abstract":"<div>\u0000 \u0000 <p>Capitalism is an integral factor of global economic growth and development; however, it has contributed to social and environmental issues like poverty, unemployment, and ecological degradation. Despite widespread recognition of these issues, existing economic models often fall short in addressing them comprehensively. This research aims to address this gap by proposing a reformed capitalism framework that aligns economic growth with social and environmental considerations. The main focus is understanding the effect of reforming capitalism on social business and green technology, and how they impact the realization of Three Zeros on poverty, unemployment, and carbon emissions. The data was collected using a structured survey, which yielded 474 valid responses. These responses were analyzed using SPSS 29.0 and SmartPLS 4.0, with a focus on the partial least squares structural equation modeling (PLS-SEM) technique. The findings revealed that capitalism reform has a significant effect on social business and green technology. Social business has a significant influence on zero poverty, zero unemployment, and zero carbon emissions. Green technology also has a significant positive impact on zero poverty, zero unemployment, and zero carbon emissions. This study contributes a novel perspective to the existing debate over economic reform by introducing a procedural and implementation-oriented model that promotes economic growth, equity, and ecological sustainability. This model focuses on addressing inequitable distribution and environmental protection. The implications extend to policymakers, business leaders, and civil society actors working collaboratively toward a sustainable economic future.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144573540","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

A Strategic Roadmap to Circularization of the Turkish Textile and Ready-To-Wear Industry Within the Context of the European Green Deal 在欧洲绿色协议的背景下，土耳其纺织和成衣行业循环化的战略路线图

IF 4.8

Business Strategy and Development Pub Date : 2025-07-07 DOI: 10.1002/bsd2.70153

Ibrahim Sapaloglu, İpek İlkkaracan Ajas, Nihan Yıldırım

{"title":"A Strategic Roadmap to Circularization of the Turkish Textile and Ready-To-Wear Industry Within the Context of the European Green Deal","authors":"Ibrahim Sapaloglu, İpek İlkkaracan Ajas, Nihan Yıldırım","doi":"10.1002/bsd2.70153","DOIUrl":"https://doi.org/10.1002/bsd2.70153","url":null,"abstract":"<div>\u0000 \u0000 <p>The European Green Deal (EGD), introduced in 2019, aims to achieve net-zero greenhouse gas emissions by 2050. The mandate to transition to a circular economy (CE) across the supply chain constitutes a major pillar of EGD. This shift impacts both EU member states and countries exporting to the EU. The textile and ready-to-wear sector, known for its significant environmental footprint, has been identified as a priority industry requiring urgent reforms. Against this background, this paper assesses the key barriers to CE transition for Türkiye's textile industry and proposes a structured and validated roadmap. Key barriers to circularization, identified through a Fuzzy Cognitive Maps (FCM) method, include lack of awareness, short-term priorities, limited management support, inadequate culture, low demand for circular products, and ineffective legislation. In-depth expert interviews validated and provided additional insights on the barriers and their interlinkages from the FCM analysis, as well as the action items for the roadmap corresponding to barriers and their time horizons. The study underscores the need to plan collaborative actions of stakeholders in line with the 9 political patterns in the EU Circular Economy Action Plan, to align the Turkish textile and ready-to-wear industry with the EGD objectives, while protecting its competitiveness in global markets.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144574025","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

Advancing Firm-Specific ESG Sentiment Analysis: A Machine Learning Approach to Clustering, Prediction, and Financial Performance Implications 推进公司特定ESG情绪分析：聚类、预测和财务绩效影响的机器学习方法

IF 4.8

Business Strategy and Development Pub Date : 2025-07-06 DOI: 10.1002/bsd2.70150

Nargis Sultana, Fahad Zeya

{"title":"Advancing Firm-Specific ESG Sentiment Analysis: A Machine Learning Approach to Clustering, Prediction, and Financial Performance Implications","authors":"Nargis Sultana, Fahad Zeya","doi":"10.1002/bsd2.70150","DOIUrl":"https://doi.org/10.1002/bsd2.70150","url":null,"abstract":"<div>\u0000 \u0000 <p>As corporate sustainability faces increasing scrutiny from investors and policymakers, measuring firm-specific ESG sentiment remains a challenge. Traditional ESG indices often aggregate data at the industry or national level, overlooking firm-level variations. This study introduces a data-driven framework that integrates clustering analysis, principal component analysis (PCA), and machine learning models to identify distinct ESG sentiment patterns. Using K-means and Hierarchical Clustering, firms are segmented based on ESG sentiment scores, uncovering significant differences in sustainability disclosures and financial risk. Predictive modeling with Random Forest and XGBoost further demonstrates that firms with higher ESG sentiment experience lower financial risk and greater investor confidence. Statistical validation through ANOVA analysis confirms the robustness of the identified clusters, revealing substantial heterogeneity in ESG reporting. Grounded in legitimacy and signaling theories, this research explains how firms strategically disclose ESG information to enhance credibility and attract capital. By providing a quantitative ESG assessment framework, this study offers valuable insights for investors, policymakers, and corporate leaders seeking to improve investment decisions, regulatory compliance, and sustainability benchmarking. Addressing limitations in traditional ESG ratings, our findings contribute to advancing ESG measurement methodologies and laying the foundation for dynamic firm-specific ESG sentiment modeling.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144573429","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