Business Strategy and Development最新文献

{"title":"Investigation on Key Drivers for Sustainable Supply Chain Management Implementation: Empirical Evidence From Indian Manufacturing Industry","authors":"Deepak Kumar Pathak,&nbsp;Ajay Verma","doi":"10.1002/bsd2.70100","DOIUrl":"https://doi.org/10.1002/bsd2.70100","url":null,"abstract":"<div>\u0000 \u0000 <p>The goal is to maintain routine operations without negatively impacting the natural environment. It is about improving operational efficiency while reducing costs and enhancing environmental responsibility. The study aims to examine the key drivers contributing to the successful implementation of sustainable supply chain practices in India's manufacturing industry. The study identifies 10 primary drivers that influence the successful adoption of sustainability in manufacturing. These drivers are based on expert opinions and scientific research. To determine the relative importance of these drivers, the study uses gray relational analysis (GRA) within a multi-criteria decision-making (MCDM) framework. This is a technique used to analyze and rank drivers when there is uncertainty or vagueness, making it ideal for assessing the importance of sustainability drivers. The study's findings can help supply chain participants (manufacturers, suppliers, etc.) prioritize and organize actions to integrate sustainability into their operations.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143749503","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":"Spillover Effects of Corporate External Financing: The Role of Vietnamese Climate Policy and Carbon Performance","authors":"Nguyen Thi Hoa Hong,&nbsp;Truong Cam Tu,&nbsp;Nguyen Danh Uy,&nbsp;Nguyen Ha Anh,&nbsp;Le Nguyen Nhan,&nbsp;Ngo Phuong Linh","doi":"10.1002/bsd2.70102","DOIUrl":"https://doi.org/10.1002/bsd2.70102","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the impact of climate policy on the external financing of 557 listed companies in Vietnam, along with the spillover effects of external financing among firms based on their carbon performance. Two key metrics, including Clean Development Mechanism (CDM) and Corporate Carbon Disclosure (CCD) are employed to evaluate the carbon performance of these businesses. Utilizing a Difference-In-Differences (DiD) model, the findings indicate that the policy positively influences firms engaged in the CDM and those demonstrating high levels of CCD. Furthermore, results from the Vector Autoregressions with rolling windows (VAR) model reveal that CDM firms in Vietnam are interconnected and benefit from the spillover effects of other CDM participants. Similarly, CCD firms show strong interconnectedness and mutually advantageous interactions. These findings provide actionable insights for businesses and policymakers, highlighting the importance of incorporating companies' environmental performance into financial decisions and policy adjustments within the Vietnamese context.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143726951","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate Governance as a Driver: Enhancing ESG Performance in ASEAN Companies","authors":"Muhammad Fadhly Rizky Octavio,&nbsp;Doddy Setiawan,&nbsp;Y Anni Aryani,&nbsp;Taufiq Arifin","doi":"10.1002/bsd2.70104","DOIUrl":"https://doi.org/10.1002/bsd2.70104","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the impact of corporate governance characteristics on environmental, social, and governance (ESG) performance in ASEAN companies from 2019 to 2023. Using a sample of 298 firms from various sectors, comprising 1339 firm-year observations, the research explores how board composition, the presence of specific committees, and CEO attributes influence ESG scores. The findings indicate that larger board size, a higher proportion of women on the board, the presence of foreign board members, and more frequent board meetings are positively correlated with ESG performance. Notably, the presence of a sustainability committee has a highly significant positive impact. CEO characteristics also play a vital role, with Women CEOs being positively associated with stronger ESG performance. This research contributes to the integration of stakeholder theory and upper echelon theory within the ESG context of emerging economies. It provides practical implications for firms, regulators, and investors, offering actionable insights on optimizing governance structures to enhance ESG performance in the ASEAN region.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143717126","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":"Business Aspirations Among Smallholders in Rural Zambia: Drivers and Effects on Agricultural Marketing Strategies","authors":"Ayobami Adetoyinbo,&nbsp;Dagmar Mithöfer","doi":"10.1002/bsd2.70086","DOIUrl":"https://doi.org/10.1002/bsd2.70086","url":null,"abstract":"<p>Socio-psychological factors, including aspirations, play a significant role in economic decisions and the sustainable development of low-income economies. However, the interplay between business aspirations and business strategies among smallholder farmers in Africa is complex, with little known about how they develop, what motivates them, and how these aspirations affect business decisions. To address this knowledge gap, this study examines how small-scale farmers in rural Zambia develop crop-specific business aspirations and how these aspirations influence their agricultural marketing strategies, such as marketing channels and coordination mechanisms. Our descriptive analysis shows farmers aspire to increase maize and soybeans' income, price, value-addition, and bargaining power within 2 years. There is, however, significant heterogeneity in the sample, as over half of the farmers reported lower aspirations for the maize business and some aspects of the soybean business. The instrumented multinomial probit analysis reveals that farmers with higher human capital and positive socio-cognitive psychology, such as locus of control, have higher business aspirations (i.e., ambition) and aspirations gap (i.e., ambition level). Evidence also shows that farmers' business aspirations influence their agricultural marketing decisions, with ambitious farmers preferring to transact with large-scale buyers rather than small-scale traders and retailers, using relational contracts. The study concludes that farmers' business aspirations, particularly their business aspiration gap, strongly influence agricultural marketing strategies, but their effects vary with crops and levels of business decisions.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70086","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143698934","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":"The Mediating Role of Service Quality in the Relationship Between Corporate Social Responsibility and Sustainable Competitive Advantages in an Emerging Economy","authors":"Hayford Asare Obeng,&nbsp;Richard Arhinful,&nbsp;Leviticus Mensah,&nbsp;Comfort Constance Mensah","doi":"10.1002/bsd2.70099","DOIUrl":"https://doi.org/10.1002/bsd2.70099","url":null,"abstract":"<div>\u0000 \u0000 <p>The Bank of Ghana and Companies Act provides a robust and secure framework for corporate social responsibility efforts by fostering openness and corporate accountability. The Ghana Banking Sector Code of Ethics advocates for ethical banking practices, encouraging sustainable growth. This study leveraged stakeholder theory to explore the mediating role of service quality in the relationship between corporate social responsibility and sustainable competitive advantage. A multistage sampling technique was employed to collect data from 373 employees of commercial banks in Ghana. The partial least squares structural equation modeling (PLS-SEM) software was used to analyze the direct and indirect relationship between the variables. The study found that corporate social responsibility had a negative and insignificant impact on the sustainable competitive advantage of commercial banks in Ghana. The findings revealed that corporate social responsibility had a positive and significant relationship with service quality. The investigation also discovered that service quality had a positive and significant impact on sustainable competitive advantage. Finally, the study highlighted that service quality fully mediates the relationship between corporate social responsibility and sustainable competitive advantage. Commercial banks in Ghana should reassess their corporate social responsibility implementation strategy by adopting a comprehensive strategy framework to transform their corporate social responsibility activities into sustainable competitive advantage. They should use their corporate social responsibility activities to foster stakeholder trust, increase customer engagement, and build brand reputation.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143698935","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":"Bridging Business Strategy and Educational Development: Private Sector Engagement and Value Creation Framework for Sustainable E-Learning Models in Emerging Markets","authors":"Rebaka Sultana,&nbsp;Md. Ariful Haque Chowdhury,&nbsp;Tawhid Ahmed Chowdhury,&nbsp;Shayla Tazminur,&nbsp;Iftakhar Ahmed,&nbsp;Nabila Ahmed,&nbsp;Abdullah Al Baky,&nbsp;Atik Shahriar,&nbsp;Abdulla Al Kafy","doi":"10.1002/bsd2.70098","DOIUrl":"https://doi.org/10.1002/bsd2.70098","url":null,"abstract":"<div>\u0000 \u0000 <p>As developing economies embrace digital transformation to bridge educational gaps, the intersection of business strategy and educational development offers significant opportunities. This study explores how private sector engagement in e-learning can drive business growth and achieve development outcomes in Bangladesh's higher education sector. Through mixed-methods analysis of 780 stakeholders across institutions, we examine how educational technology strategies create shared value while addressing accessibility challenges in developing markets. Our findings show that well-structured e-learning implementations simultaneously achieve commercial viability and development impact. Six critical success factors were identified: administrative infrastructure, technological architecture, content development, instructor capabilities, learner characteristics, and social support. Infrastructure partnerships with balanced public–private investment sharing achieved 75% success rates, while content development collaborations enhanced learning outcomes by 35%. The study highlights three mechanisms supporting Sustainable Development Goals: innovative business models balancing viability with impact, public–private partnerships leveraging corporate expertise, and inclusive stakeholder engagement frameworks. Theoretically, we extend stakeholder value theory by demonstrating how complementary value creation can be optimized across multiple stakeholder groups in educational technology implementations. We contribute to business model innovation frameworks by identifying specific mechanisms through which sustainable value is created, delivered, and captured in developing market contexts. These insights are valuable for businesses entering emerging e-learning markets and for policymakers creating enabling environments for sustainable educational technology initiatives.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143690084","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":"Assessing the Role of Circular Economy Knowledge, Attitudes, and Practices in Driving Sustainable Development: A Survey of Textile Industries in Tamil Nadu","authors":"K. Saravanan,&nbsp;T. Chandrasekar","doi":"10.1002/bsd2.70074","DOIUrl":"https://doi.org/10.1002/bsd2.70074","url":null,"abstract":"<div>\u0000 \u0000 <p>Utilizing and recycling natural resources is how the circular economy (CE) seeks to safeguard the environment; nonetheless, for businesses and policymakers to successfully adopt CE, it is necessary to identify potential obstacles, possibilities, and advantages that could benefit economies and enterprises. An exploratory survey study-based examination on circular economy techniques employed in the textile and apparel industries throughout the textile industry hub in Tamil Nadu is done in an attempt to address the progress of the CE and its benefits toward sustainable development. The purpose of this study is to learn more about the CE ideologies that the textile industry has learned about, the CE practices that the textile industry has adopted, the executives' attitudes regarding the CE, and how these aspects affect the attainment of sustainable development in industries that support the accomplishment of national goals. The mean scores show that there is neutral level of circular economy knowledge or attitude when analyzing 100 respondents' answers from textile industries of five different locations. The regression analysis shows that there is a statistically positive association between the knowledge and attitude toward the enactment of CE practices in industries and the enduring growth outcome and it is statistically significant (<i>F</i> change = 7.211 and 466.29, <i>p</i> = &lt; 0.01).</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143633067","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":"Gender Diversity and Environmental, Social, and Governance: Unlocking Solutions to Corporate Risk","authors":"Mohammed W. A. Saleh,&nbsp;Sajed Mowafaq Alshdaifat,&nbsp;Mohammad Fawzi Shubita,&nbsp;Marwan Mansour,&nbsp;Abdalwali Lutfi","doi":"10.1002/bsd2.70097","DOIUrl":"https://doi.org/10.1002/bsd2.70097","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the relationship between Environmental, Social, and Governance (ESG) practices and corporate risk in Asian countries, emphasizing the moderating role of board gender diversity (BGD). Using a panel dataset of 15,496 observations from Asian firms between 2008 and 2020, the analysis employs the Generalized Method of Moments (GMM) model to address potential endogeneity issues. The findings indicate that stronger ESG practices significantly reduce corporate risk, enhance financial stability, and mitigate regulatory and market volatility exposure. Furthermore, the results highlight that higher BGD amplifies this risk-reduction effect, suggesting that diverse boards contribute to better decision-making and risk management. Policy Implications: These findings underscore the importance of regulatory frameworks that encourage ESG adoption and board diversity. Policymakers should incentivize companies to integrate ESG principles and implement gender diversity policies, such as board quotas or disclosure requirements, to enhance corporate resilience and sustainable economic growth.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143638668","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":"Correction to “Audit Committee Characteristics and Sustainable Firms' Performance: Evidence From the Financial Sector in Bangladesh”","authors":"","doi":"10.1002/bsd2.70101","DOIUrl":"https://doi.org/10.1002/bsd2.70101","url":null,"abstract":"<p>Karim, R., M. M. Roshid, B. K. Dhar, M. Nahiduzzaman, and B. C. Kuri. 2024. “Audit Committee Characteristics and Sustainable Firms' Performance: Evidence From the Financial Sector in Bangladesh.” <i>Business Strategy and Development</i>, 7: e70059. https://doi.org/10.1002/bsd2.70059.</p><p>\u0000 <b>Description of Error:</b>\u0000 </p><p>The author no longer holds affiliations with the above institutions.</p><p>\u0000 <b>The correct affiliation should be:</b>\u0000 </p><p>\u0000 <i>Business Administration Division, Mahidol University International College, Mahidol University, Salaya, Thailand</i>\u0000 </p><p><b>We apologize for this error</b>.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70101","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143638669","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":"Sustainable Development: Prioritizing Attributes and Validating Factors for the Success of Green Startups in Brazilian and German Entrepreneurial Ecosystems","authors":"Arthur Yassine Oliveira,&nbsp;Jéssica Alves Justo Mendes,&nbsp;Lucas Gabriel Zanon,&nbsp;Mateus Cecílio Gerolamo,&nbsp;Vânia Gomes Zuin Zeidler","doi":"10.1002/bsd2.70083","DOIUrl":"https://doi.org/10.1002/bsd2.70083","url":null,"abstract":"<div>\u0000 \u0000 <p>This research investigates the relationship between cultural, social, and material attributes within entrepreneurial ecosystems (EEs) and their influence on the success of green startups, focusing specifically on comparative analyses between Brazilian and German contexts. Through a detailed examination involving the fuzzy cognitive maps (FCMs) and the fuzzy Delphi method (FDM), the study validates factors critical for fostering green startups. The research findings highlight the importance of business strategies that are culturally congruent and environmentally beneficial, focused on the unique characteristics of each ecosystem. In Germany, strategies emphasizing technological innovation align with a pragmatic environmental ethos, whereas in Brazil, community involvement and social innovation are more crucial. The study's methodological approach integrates expert opinions to prioritize the attributes that significantly impact green startups, revealing that strategic alignment with external ecosystem factors such as investment access, regulatory environments, and specialized talent is vital for startup survival and growth. However, the research faces limitations due to its geographic focus, potential expert bias, dynamic ecosystem characteristics, and the qualitative nature of data collection. These limitations suggest areas for further research, including expanding geographic scope and incorporating quantitative methods to enhance the robustness of findings. Overall, this study contributes to the understanding of how tailored business strategies, which can be developed through the analysis of the attributes and factors presented in this study, can support sustainable economic development in EEs contexts.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143632943","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}