Business Strategy and Development最新文献

{"title":"Strategic and Digital-Market Pathways to Sustainability Performance and Future Growth and Innovation Intention in Women-Led Fashion Enterprises: The Boundary Role of Institutional Ecosystem Support","authors":"Vasanthi Annamalai,&nbsp;R. Lathangi","doi":"10.1002/bsd2.70421","DOIUrl":"https://doi.org/10.1002/bsd2.70421","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines how strategic orientations, digital-market practices and institutional support relate to sustainability performance (SP) and future growth and innovation intention (FGII) in women-led fashion enterprises. Survey data from 201 owner-managers in Bengaluru, Karnataka, India, were analysed using exploratory and confirmatory factor analysis, structural equation modelling, indirect-effect analysis and score-based moderation. Sustainability orientation and market responsiveness were positively correlated with SP, while there was no significant direct relationship between entrepreneurial orientation, basic digital platform practices and institutional ecosystem support. SP was found to be highly correlated with FGII and had indirect effects from sustainability orientation and market responsiveness. Institutional ecosystem support negatively moderated the entrepreneurial orientation-SP relationship, with entrepreneurial orientation becoming consequential mainly under low support. The results reveal the difference between digital visibility and market-responsive capability and indicate that sustainability outcomes are influenced by sustainability-focused strategy and market knowledge responsiveness as well as internal and external capability configuration.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 4","pages":""},"PeriodicalIF":5.7,"publicationDate":"2026-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149072689","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":"SME Sustainability Performance Through Digital Transformation: The Roles of FinTech Adoption, Digital Resources, Sustainability Orientation, and Green Innovation","authors":"Md Sharif Hassan,&nbsp;Erwin Saraswati","doi":"10.1002/bsd2.70427","DOIUrl":"https://doi.org/10.1002/bsd2.70427","url":null,"abstract":"<div>\u0000 \u0000 <p>Achieving sustainability performance has become a strategic imperative for small and medium-sized enterprises (SMEs) as they strive to balance economic competitiveness with environmental stewardship and social responsibility in an increasingly dynamic business environment. Although Fintech adoption is widely associated with improved operational efficiency and financial accessibility, its role in sustainability performance remains insufficiently understood. This study examines the relationship between fintech adoption and digital resources and their contribution to sustainability performance in Malaysian SMEs through the mediating roles of commitment to sustainability orientation and green innovation. Drawing on the Resource-Based View and Dynamic Capabilities Theory, data were collected from 250 SMEs and analysed using a hybrid Partial Least Squares Structural Equation Modelling (PLS-SEM) and Artificial Neural Network (ANN) approach. The PLS-SEM results reveal that fintech adoption and digital resources are not directly associated with sustainability performance; instead, their relationships with sustainability performance are fully mediated by commitment to sustainability orientation and green innovation, with green innovation representing the stronger mediating mechanism. The ANN analysis corroborates the PLS-SEM findings and further demonstrates that digital resources are the strongest predictor of commitment to sustainability orientation, Fintech adoption is the most influential predictor of green innovation, and green innovation is the primary predictor of sustainability performance. These findings support the resource–capability–performance perspective by indicating that the sustainability value associated with digital-financial resources depends on their alignment with organizational capabilities. The study contributes to the fintech and SME sustainability literature by integrating explanatory and predictive analytical approaches to provide a more comprehensive understanding of digital transformation and sustainability. Practically, the findings suggest that SME managers and policymakers should complement digital technology adoption with sustainability-oriented strategies and green innovation initiatives to support long-term sustainability performance.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 4","pages":""},"PeriodicalIF":5.7,"publicationDate":"2026-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149072665","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":"Sustainability in the Digital Era: How ESG Performance and Technological Transformation Shape Corporate Value in Emerging Business Environments","authors":"Habeeb Tomori Abass,&nbsp;Xie Zhuyun,&nbsp;Ishmael Wiredu","doi":"10.1002/bsd2.70395","DOIUrl":"https://doi.org/10.1002/bsd2.70395","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates how sustainability in the digital era shapes corporate value through the interplay between environmental, social, and governance (ESG) performance and technological transformation in African business environments. In emerging economies, where institutional weaknesses, regulatory inconsistencies, and rising stakeholder scrutiny create complex operational conditions, the strategic relevance of ESG practices remains underexplored. Drawing on Stakeholder Theory and the Resource-Based View, this research conceptualizes ESG engagement as a strategic capability that contributes to long-term value creation, while digital transformation is viewed as an enabling mechanism that strengthens firms' ability to convert sustainability efforts into financial outcomes. Using a panel of 882 firm-year observations from publicly listed manufacturing firms across Africa between 2010 and 2023, the study employs the system Generalized Method of Moments (GMM) estimator to address potential endogeneity, dynamic panel bias, and unobserved heterogeneity. Robustness checks, including alternative performance measures, winsorization, and endogeneity diagnostics, reinforce the reliability of the results. The findings show that environmental and social performance significantly enhance corporate value, whereas governance performance exhibits a more nuanced nonlinear relationship. Digital transformation positively moderates the ESG and corporate value link, indicating that technology enables firms to better leverage sustainability initiatives for financial gains. Heterogeneity analysis further reveals that ownership structures and industry classifications shape the strength of these relationships. The study highlights the strategic importance of aligning ESG practices with digital transformation efforts to drive sustainable corporate value in Africa's evolving business landscape, offering implications for managers, policymakers, and investors committed to advancing sustainability-driven strategy.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 3","pages":""},"PeriodicalIF":5.7,"publicationDate":"2026-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148752677","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":"Integrating Circular Economy and Regenerative Agricultural Practices on Farms in a Developing Country Context","authors":"A. A. Rodríguez,&nbsp;R. Cerchione,&nbsp;G. C. Rótolo,&nbsp;L. Magnano,&nbsp;R. Passaro","doi":"10.1002/bsd2.70391","DOIUrl":"https://doi.org/10.1002/bsd2.70391","url":null,"abstract":"<p>The current state of agricultural production is characterised by a linear model of production and consumption, which has led to negative environmental consequences. In Argentina, the agricultural sector plays a crucial role in the economy, particularly in the Pampas region. To address sustainability challenges, there is growing interest in adopting a circular economy approach within the agricultural sector. In pursuit of this, circular agriculture (CA) and regenerative agriculture (RA) have to be applied. However, practical implementation remains limited due to the lack of clear, widely adopted guidelines. This study aimed to define criteria for evaluating the circular and regenerative agriculture approach (CA/RA) in the context of the primary production stage of the Monje Cooperative's grain supply basin (GSBMC). Following a literature review to define evaluation criteria, this study conducts an empirical analysis to identify circular and regenerative agriculture (CA/RA) principles, both general and those applied in GSBMC. Field research was conducted using semi-structured surveys of farms associated with Monje's Cooperative. The findings showed an exhaustive description of a complementary approach of CA/RA based on improving four main principles, such as soil health, biodiversity, crop-livestock integration, and waste management and its possible implementation in the case study. Besides, derived from the principles, seven main practices and six general criteria were identified to guide the adoption of the CA/RA approach, which were compared with the current production on the farms from GSBMC. The farms showed a low crop rotation and livestock-crop integration, with the largest area used by soybean and chemical fallow (more than 50% of the total area). However, a smaller number of farms are improving it with practices such as cover crops and grazing mixed systems (4 of 52). Therefore, this study argues for a focus on the opportunities to enhance these practices for the implementation of the integrative CA/RA approach. The contextualisation and identification of the implementation of CA/RA practices are crucial for advancing the transition toward more sustainable farming and have implications for policy, research, and companies.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 3","pages":""},"PeriodicalIF":5.7,"publicationDate":"2026-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70391","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148752676","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":"Green Corporate Governance, CSR Disclosure, and Financial Reporting Quality: Evidence From an Emerging Economy","authors":"Thi Nhan Duong,&nbsp;Quang Khai Nguyen","doi":"10.1002/bsd2.70392","DOIUrl":"https://doi.org/10.1002/bsd2.70392","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the relationship between green corporate governance, defined as firms' green mindsets and strategies as well as organizational arrangements that embed social responsibility into top-level design, corporate social responsibility (CSR) disclosure, and financial reporting quality (FRQ) using a sample of 608 Vietnamese listed non-financial firms from 2016 to 2024 and applying the fixed-effects and system GMM estimations. The empirical evidence shows several notable findings. First, green corporate governance is positively associated with FRQ. Second, CSR disclosure has a positive effect on FRQ. Third, firms with stronger green corporate governance tend to disclose more CSR information. Finally, CSR disclosure mediates the relationship between green corporate governance and FRQ. Therefore, green corporate governance not only directly improves FRQ but also indirectly enhances FRQ through greater CSR disclosure. Overall, this study extends the literature on corporate governance, sustainability disclosure, and FRQ by offering new evidence from an emerging economy.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 3","pages":""},"PeriodicalIF":5.7,"publicationDate":"2026-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148647919","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":"Limits and Relationships Between CSI and CSR","authors":"Hilda Helena Estrada López,&nbsp;John Enrique Sánchez Otero,&nbsp;Alberto Mario Guzmán Estrada,&nbsp;Gisella Rossy Rodriguez Calderon","doi":"10.1002/bsd2.70388","DOIUrl":"https://doi.org/10.1002/bsd2.70388","url":null,"abstract":"<div>\u0000 \u0000 <p>Academics and practitioners have paid limited attention to the relationship between Corporate Social Innovation (CSI) and Corporate Social Responsibility (CSR). The literature on the boundaries between these two concepts remains fragmented, and existing studies tend to address the phenomenon through isolated case studies and specific variables, rather than adopting a holistic perspective. Furthermore, while interest in integrating these practices into core business operations has grown, companies face challenges in implementing them, as it is unclear which approach best addresses social issues alongside economic benefits. To address this research gap, a PRISMA-based systematic literature review was conducted to analyze both the conceptual boundaries and the relationship between these concepts in the context of companies' strategic social value creation. Specifically, the literature identifies that conceptual boundaries are shaped by the different foundations, dynamics, and outcomes of CSI and CSR. On the other hand, the relationship between CSI and CSR is characterized by complementarity, mutual influence, and evolution over time. Finally, the study highlights opportunities for future research.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 3","pages":""},"PeriodicalIF":5.7,"publicationDate":"2026-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148616044","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":"Mapping Green Human Resource Management and Sustainable Performance Research","authors":"Md. Amanullah,&nbsp;Prosenjit Tarafdar,&nbsp;Md. Mustaqim Roshid,&nbsp;Md. Shawan Uddin","doi":"10.1002/bsd2.70389","DOIUrl":"https://doi.org/10.1002/bsd2.70389","url":null,"abstract":"<div>\u0000 \u0000 <p>Green Human Resource Management (GHRM) has emerged as a critical mechanism through which organizations address environmental challenges and advance sustainability objectives. Despite the rapid growth of GHRM scholarship, the field remains theoretically fragmented, with prior reviews largely focusing on descriptive trend analyses and limited integration of its intellectual evolution. This study provides a comprehensive bibliometric and thematic assessment of GHRM research based on 486 Scopus-indexed publications published between 2014 and 2025. The findings reveal three distinct developmental stages: formative, developing, and growth, highlighting the field's progression from foundational conceptualization to a broader sustainability-oriented agenda. Thematic analysis demonstrates a notable shift from environmentally focused HR practices toward more sophisticated domains encompassing green innovation, green intellectual capital, sustainable leadership, and organizational environmental performance. Furthermore, the study uncovers emerging yet underexplored research trajectories that offer significant opportunities for theoretical advancement and empirical inquiry. By mapping the intellectual, social, and thematic structure of the field, this review contributes a consolidated understanding of GHRM's evolution and provides a strategic roadmap for future research aimed at strengthening theoretical integration and enhancing sustainability outcomes.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 3","pages":""},"PeriodicalIF":5.7,"publicationDate":"2026-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148615946","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":"Does State Ownership Impact Corporate Social Responsibility (CSR): A Literature Review on Country Governance","authors":"Patrick Velte","doi":"10.1002/bsd2.70387","DOIUrl":"https://doi.org/10.1002/bsd2.70387","url":null,"abstract":"<p>This literature review is the first to focus on how country governance moderates the relationship between state ownership and corporate social responsibility (CSR) outcomes, given the mixed research results. Earlier research has predominantly focused on how state ownership affects CSR performance in regimes lacking Organization for Economic Cooperation and Development (OECD) membership. Our theoretical framework contrasts with our findings, which show clear indications that state ownership and CSR performance positively impact Chinese firms. We emphasize the significant limitations of previous studies and offer a range of recommendations for future research designs.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 3","pages":""},"PeriodicalIF":5.7,"publicationDate":"2026-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70387","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148467678","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":"Board Gender Diversity and ESG Performance: The Moderating Role of Porter's Competitive Business Strategies in Asian Emerging Economies","authors":"Wahyu Junaedi,&nbsp;Bambang Tjahjadi,&nbsp;Wiwiek Dianawati","doi":"10.1002/bsd2.70385","DOIUrl":"https://doi.org/10.1002/bsd2.70385","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates how competitive business strategy shapes the relationship between board gender diversity and ESG performance in Asian emerging economies. Integrating resource dependence theory, upper echelons theory, and Porter's competitive strategy framework, we examine whether the ESG effect of female board representation differs between cost leadership and differentiation strategies. Using an unbalanced panel of 64,427 firm-year observations from publicly listed firms between 2015 and 2023, we find that board gender diversity is positively associated with ESG performance. Contrary to our hypothesis, this relationship is stronger in cost leadership firms than in differentiation-oriented firms. Robustness tests using a critical mass indicator and lagged explanatory variables confirm the main findings. These results suggest that gender-diverse boards may serve as a corrective governance mechanism in efficiency-oriented firms, where ESG concerns may be less naturally embedded in competitive strategy. This study advances strategy–governance research by demonstrating that the ESG value of board gender diversity is contingent upon firms' strategic orientation. It also highlights the importance of aligning board composition and business strategy to enhance sustainable corporate performance in emerging markets.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 3","pages":""},"PeriodicalIF":5.7,"publicationDate":"2026-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148467322","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Exploring the Nexus Between Corporate Social Responsibility and Sustainable Development: A Bibliometric Analysis","authors":"Trilochana Dash,&nbsp;Chandan Kumar Sahoo","doi":"10.1002/bsd2.70386","DOIUrl":"https://doi.org/10.1002/bsd2.70386","url":null,"abstract":"<div>\u0000 \u0000 <p>This study presents a comprehensive bibliometric analysis of corporate social responsibility and sustainable development (CSR–SD) research spanning 2003–2025, examining the intellectual, thematic, and geographical evolution of the field in the context of global sustainability agendas. A total of 2099 peer-reviewed journal articles were retrieved from the Scopus and Web of Science databases to ensure broad coverage and methodological robustness. The dataset was analyzed using the Bibliometrix package in the R programming language. Co-authorship, co-citation, and keyword co-occurrence analyses, complemented by thematic evolution and strategic mapping techniques, reveal five developmental phases reflecting the progression of CSR–SD scholarship from early normative discussions toward governance-oriented and performance-driven sustainability frameworks. The findings highlight the growing prominence of environmental, social, and governance (ESG) reporting, sustainability reporting, sustainable finance, innovation, and stakeholder engagement, indicating the increasing integration of CSR–SD into corporate strategy, governance systems, and capital markets. China and Spain emerge as leading contributors to the literature, while the geographical distribution of publications reveals opportunities for broader participation from underrepresented regions. Theoretically, the study draws upon Stakeholder Theory, Legitimacy Theory, and the Triple Bottom Line framework to interpret evolving research clusters, intellectual structures, and thematic shifts. By providing a longitudinal, dual-database assessment of CSR–SD scholarship, this study contributes a theoretically grounded and methodologically rigorous understanding of the field's evolution and offers valuable insights for researchers, practitioners, and policymakers seeking to advance sustainability-oriented corporate strategies and inclusive sustainable development transitions.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"9 3","pages":""},"PeriodicalIF":5.7,"publicationDate":"2026-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148467050","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}