Business Strategy and Development最新文献

{"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}

{"title":"How Sustainability Reports Align to Sustainable Development Goals: Insights From Naples' Waste Management Company","authors":"Raffaele Guarino,&nbsp;Enrique Muñoz-Ulecia,&nbsp;Luigi Lepore,&nbsp;Pier Paolo Franzese","doi":"10.1002/bsd2.70131","DOIUrl":"https://doi.org/10.1002/bsd2.70131","url":null,"abstract":"<p>Sustainability reporting is crucial to follow up companies' alignment with the Sustainable Development Goals (SDGs) through increased transparency to identify companies' impacts. However, the large flexibility and lack of clear quantitative targets hamper the integration of sustainability reporting with the SDGs, reducing sustainability declarations to appendices of traditional financial reports. We examined the sustainability reports from 2010 to 2020 of ASIA s.p.a, a public utility company in Naples, as a case study. We evaluate the quantitative and qualitative social-ecological information related to the SDGs. Later, national SDG targets were downscaled to the company level in order to assess the company's degree of alignment or divergence. The results indicate that an overemphasis on economic data, compared to socio-environmental aspects, risks compromising the effectiveness of their disclosure. Additionally, the absence of quantitative targets for reducing negative impacts minimizes the potential of these reports as strategic tools for corporate organization.</p>","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":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70131","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144256466","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":"‘BETTER SIDE BY SIDE’: An Integrative Framework Between Lean Manufacturing and Circular Economy","authors":"Talita Borges Teixeira,&nbsp;Adriano Alves Teixeira,&nbsp;Tiago Estrela Da Cunha Moraes,&nbsp;Rosane Aparecida Gomes Battistelle","doi":"10.1002/bsd2.70139","DOIUrl":"https://doi.org/10.1002/bsd2.70139","url":null,"abstract":"<p>The integration of Lean Manufacturing (LM) and the Circular Economy (CE) represents a promising strategy to foster more sustainable production systems aligned with the principles of cleaner production. This study conducts an integrative systematic literature review, based on the PRISMA protocol, with the aim of mapping, organizing, and consolidating existing knowledge on the convergence between LM and CE. A total of 51 articles indexed in the Scopus and Web of Science databases were analyzed. The results reveal that lean practices support the adoption of circular principles by promoting waste elimination, resource efficiency, and environmental impact reduction, with positive effects on organizations' operational, economic, and environmental performance. However, significant gaps remain, particularly concerning the scarcity of empirical studies, the limited diversity of geographic and sectorial contexts, and the lack of assessments regarding the social and organizational impacts of LM–CE integration. In response to these gaps, the study presents 10 recommendations to guide future research and practice, including the adoption of mixed-methods approaches, the exploration of under-investigated sectors (such as agriculture, construction, remanufacturing, and textiles), and the incorporation of socio-environmental performance metrics. Moreover, this study proposes, innovatively, an integrative conceptual framework grounded in the Resource-Based View (RBV), which positions the LM–CE synergy as a strategic, valuable, and hard-to-imitate organizational capability, capable of generating sustainable competitive advantage. The proposed model offers theoretical contributions by expanding the understanding of sustainable value creation mechanisms and provides relevant managerial and practical implications, offering robust guidance for managers, policymakers, and researchers committed to the transition toward circular production models.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70139","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144245017","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":"Is More Always Better? The Strategic Impact of Board Diversity and New Quality Productivity on Environmental Innovation","authors":"Shanshan Yue,&nbsp;Alexandre Coussa,&nbsp;Norkhairul Hafiz Bajuri,&nbsp;Lindong Ma","doi":"10.1002/bsd2.70129","DOIUrl":"https://doi.org/10.1002/bsd2.70129","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores the relationship between five types of board diversity and environmental innovation (EI), with a focus on the moderating role of new quality productivity (NQP). Using an entire sample from China's A-share market (2013–2022), the study examines how board compositions—specifically top managers, independent directors, female directors, supervisory directors, and blockholder directors—influence EI performance. The entropy method is adopted to measure NQP, while robustness and endogeneity checks, alongside two-step system GMM estimation, reinforce the credibility of the findings. Our findings suggest that while board diversity generally benefits EI, only certain types, such as top managers and female directors, positively impact EI. In contrast, diversity among supervisory and blockholder directors has negative effects, and independent directors show no significant influence. NQP can amplify these effects, although its impact varies by board member type. This study emphasizes that aligning board diversity with environmental objectives is essential, not just merely increasing diversity. Instead, specific board compositions and roles determine whether diversity effectively drives EI, answering that “more is not always better” regarding diversity's role in environmental goals. Future research could examine additional mechanism and explore NQP's impact on sustainability across various contexts.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144220196","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":"Challenges of Sustainable Tourism in the Himalayan Region of Ladakh","authors":"Stanzin Padma,&nbsp;Tawheed Nabi","doi":"10.1002/bsd2.70119","DOIUrl":"https://doi.org/10.1002/bsd2.70119","url":null,"abstract":"<div>\u0000 \u0000 <p>This study aims to explore and analyze the challenges of sustainable tourism in the Himalayan region of Ladakh. The research adopts a quantitative approach, utilizing a dataset comprising 500 observations. Correlation, <i>t</i> tests, and SPSS AMOS are employed as key statistical tools to test hypotheses related to the impact of various factors on the sustainability of tourism in Ladakh. The findings of the study reveal significant correlations and disparities in Ladakh's sustainable tourism landscape. Environmental challenges, infrastructural limitations, sociocultural impacts, and economic factors are identified as critical elements influencing the sustainability of tourism in the region. The study emphasizes the need for a holistic and collaborative approach to address these challenges. Strategic interventions in policy, community engagement, and sustainable development are crucial to balancing economic growth with the conservation of Ladakh's natural and cultural heritage. The originality lies in the comprehensive analysis using a substantial dataset and statistical tools, offering practical insights for policymakers, local communities, and the tourism industry. The study adds value by informing targeted strategies that can promote sustainable tourism practices and contribute to the long-term well-being of Ladakh as a premier Himalayan destination.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144206666","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":"CSR and Sustainable Development of the Firms With Moderating Effect of CG: Evidence From Developing Countries","authors":"Yousef Shahwan","doi":"10.1002/bsd2.70121","DOIUrl":"https://doi.org/10.1002/bsd2.70121","url":null,"abstract":"<div>\u0000 \u0000 <p>In the face of intense technical rivalry and economic globalization, sustainable development of the firm is becoming important to many companies. The majority of firms are addressing it strategically. fostering sustainable corporate development, enhancing brand competitiveness, and building a company's reputation all depend on the successful implementation of corporate social responsibility. The degree of corporate governance is also a critical component in the future development of a firm. Thus, the present research employs empirical analysis to achieve the objective of this study, to shed light on whether corporate social responsibility contributes to the sustainable growth of businesses. From the standpoint of corporate governance, it also examines the impact of internal governance elements on the link between both. From 2018 until 2022, the fixed-effects regression test was performed on a sample of shareholding firms listed in the first market in the Amman Stock exchange. The findings indicate that proactive corporate social responsibility may support sustainable development. Moreover, the corporate social responsibility process on sustainable development of the firms is moderated by corporate governance elements including the quality of accounting information, management capabilities, and internal control. There are also limitations to this investigation, such as the study focused on top firms and ignored the other listed firms, while future research can discover other types of firms. Finally, combining corporate social responsibility with corporate governance may increase sustainability, boost competitiveness, and support long-term economic stability, particularly in emerging nations like Jordan that are important for employment and economic growth.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144206421","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":"Microfinance and Women's Empowerment: A Comparative Study Between Two Developing Countries","authors":"Rajib Chakraborty,&nbsp;Rebecca Abraham","doi":"10.1002/bsd2.70133","DOIUrl":"https://doi.org/10.1002/bsd2.70133","url":null,"abstract":"<div>\u0000 \u0000 <p>This study proposes a hierarchical framework for the use of microfinance to promote women's empowerment. Surveys were administered to women from Kerala, India, and Chittagong, Bangladesh, who faced economic instability, lack of social recognition, and lack of self-affirmation. These locations were chosen as microfinance had contrasting effects from meeting basic needs in Bangladesh to upward mobility in Kerala, India. Structural equation models using the AMOS analyzed the data. In both locations, women first achieved economic empowerment. At higher levels of empowerment, psychological empowerment with its components of self-confidence, mental toughness, and future planning was observed in the Kerala sample. The Kerala sample showed evidence of social empowerment, including contact with external organizations and social recognition. Governments should increase psychological empowerment and social empowerment in Chittagong. Women entrepreneurs in Chittagong should be given access to loans, mortgages, and business expansion opportunities as their counterparts in Kerala.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144197229","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 Role of Industry 4.0 Readiness, Knowledge Management Capabilities, and Sustainability Culture in Driving Circular Economy Practices","authors":"Doe Precious","doi":"10.1002/bsd2.70135","DOIUrl":"https://doi.org/10.1002/bsd2.70135","url":null,"abstract":"<div>\u0000 \u0000 <p>This study extends the natural resource-based view (NRBV) theory by examining how Industry 4.0 readiness influences circular economy practices in resource-constrained manufacturing contexts. The research challenges established theoretical assumptions about sustainability culture's role and circular economy implementation hierarchies while investigating the mediating mechanisms of knowledge management capabilities. Data from 704 manufacturing SMEs in Ghana was analyzed using an innovative two-stage PLS-SEM and artificial neural network approach that captured both linear and nonlinear relationships between constructs. This methodical triangulation revealed complex interaction patterns that traditional modeling might miss. The study makes three significant theoretical contributions: (1) Industry 4.0 readiness enhances circular economy practices even at basic levels of technological sophistication, challenging technology-deterministic theoretical perspectives; (2) knowledge management capabilities transform technological inputs into circular outcomes through mechanisms that differ from those in resource-rich contexts, emphasizing informal knowledge sharing rather than formal codification; and (3) sustainability-orientated culture functions as the strongest direct predictor of circular economy practices rather than as a moderator, contradicting Western-centric theoretical frameworks. The study reconceptualizes how NRBV theory applies in resource-constrained environments by demonstrating that circular economy implementation hierarchies are context-dependent rather than universal; value creation from technological resources depends more on effective orchestration than sophistication; and sustainability culture functions differently in collectivist contexts than is theorized in individualistic societies. These theoretical extensions transcend the specific Ghanaian context to offer generalizable insights into how resource endowments and cultural contexts shape sustainability capability development.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144197409","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":"Driving Sustainable Development Goals: The Nexus Between Sustainability Performance and ESG Investment","authors":"Zain Ul Abideen","doi":"10.1002/bsd2.70130","DOIUrl":"https://doi.org/10.1002/bsd2.70130","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates the influence of sustainability performance on ESG (Environmental, Social, and Governance) investment in Chinese-listed firms, addressing a critical gap in understanding the specific dynamics of sustainability performance within the Chinese context and its role in attracting ESG-focused investment. Employing a quantitative methodology, the research analyzes secondary data from the WIND database, focusing on A-share non-financial companies listed on the China Stock Exchange from 2018 to 2023. The findings reveal that comprehensive sustainability performance, including environmental, social, and governance dimensions, has a significant positive impact on ESG investment. Firms with robust and transparent sustainability disclosures are more likely to attract ESG-oriented investors, highlighting the importance of transparency and accountability in influencing investment decisions. The study aligns with the United Nations Sustainable Development Goals (SDGs) by contributing to SDG 12 (Responsible Consumption and Production) through the promotion of increased corporate sustainability practices, SDG 13 (Climate Action) by encouraging investments in environmentally responsible firms, and SDG 16 (Peace, Justice, and Strong Institutions) by advocating for stronger governance mechanisms. The findings highlight the strategic importance of sustainability performance as a tool for promoting responsible investment and advancing sustainable development goals in China's evolving corporate landscape.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144171831","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, Green Organisational Citizenship Behaviour and Organisational Sustainability in the Post-Pandemic Era: An Ability Motivation Opportunity and Resource Based View Perspective","authors":"Ragini Gupta,&nbsp;Harleen Kaur,&nbsp;Dada Ab Rouf Bhat","doi":"10.1002/bsd2.70126","DOIUrl":"https://doi.org/10.1002/bsd2.70126","url":null,"abstract":"<div>\u0000 \u0000 <p>The purpose of the current study is to evaluate how the COVID-19 pandemic increased the usefulness of Green Human Resource Management (GHRM) practices toward achieving organisational sustainability with the moderating effect of non-governmental organisations and labour unions, drawing on the integrated approach using AMO (Ability-Motivation-Opportunity) theory and RBV (Resource-Based View). The data was collected from 371 (depicted using G* power software) managers of manufacturing units in India's Jammu and Kashmir. Partial Least Squares Structural Equation Modelling (PLS-SEM) analysis of survey data revealed that the post-COVID-19 era has accelerated the adoption of green HRM practices within an organisation. Additionally, these eco-friendly HRM techniques are closely related to establishing organisational sustainability in the post-COVID-19 era. Further, the findings suggest a significant moderating role of NGOs in shaping and encouraging voluntary pro-environmental behaviours among employees and intend to guide industrial organisations seeking to enhance their environmental performance.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144148552","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}