Business Strategy and Development最新文献

{"title":"The Impact of CEO Attributes on Working Capital Management: Insight From Gender, Financial Literacy, and Experience","authors":"Muhammad Azeem Naz,&nbsp;Rizwan Ali,&nbsp;Ahmed Elamer","doi":"10.1002/bsd2.70134","DOIUrl":"https://doi.org/10.1002/bsd2.70134","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates the impact of Chief Executive Officer (CEO) attributes on working capital management (WCM) along with the moderating role of family ownership on this relationship. This study employed the generalized method of moments (GMM) estimation to test the hypotheses and to address potential endogeneity concerns, complemented by ordinary least squares regression on a sample of 1900 firm-year observations from non-financial firms listed on the Pakistan Stock Exchange. The empirical results of the study indicate that CEO gender, education, and experience are positively associated with WCM. Additionally, the findings of the current study reveal that family ownership negatively and significantly moderates the relationship between CEO attributes and WCM. These findings provide novel evidence and extend empirical support to upper echelon theory in the context of an emerging economy. The study findings outline insights for the managers, investors, regulatory authorities, and policymakers.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144292673","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 Practices and Organizational Sustainable Development: A Moderated Mediation Model of Circular Economy and Green Organizational Culture","authors":"Junaid Iqbal,&nbsp;Mubashir Ahmad Aukhoon,&nbsp;Attia Aman-Ullah,&nbsp;Junaid Jahangir,&nbsp;Zahoor Ahmad Parray","doi":"10.1002/bsd2.70132","DOIUrl":"https://doi.org/10.1002/bsd2.70132","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the effect of green human resource management practices on organizational sustainable development, while analyzing the mediating role of the circular economy and the moderating effect of green organizational culture within this mediated relationship based on resource-based view. Data were gathered from a sample of 326 banking sector employees using convenience sampling, and the presented hypotheses were evaluated using partial least squares structural equation modeling (PLS-SEM). The findings indicate that green human resource management methods have a considerable and positive impact on both organizational sustainable development and the circular economy. Moreover, the circular economy was identified as a mediator in the interaction between green human resource management practices and organizational sustainable development, underscoring its essential function as a facilitator of sustainable transformation. This mediated association was further reinforced by green organizational culture, underscoring the significance of environmentally conscious attitudes in augmenting the efficacy of green human resource management practices. This study provides a novel viewpoint on the interplay between intangible organizational resources and cultural dynamics in promoting sustainability by incorporating the circular economy and green organizational culture, thereby enhancing the resource-based view framework. The findings enhance the theoretical framework of resource-based view literature and provide practical guidance for managers seeking to integrate sustainability into human resource practices.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144264575","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 Social Responsibility, Corporate Governance, and Asymmetric Information: Evidence From Jordan","authors":"Yousef Shahwan","doi":"10.1002/bsd2.70138","DOIUrl":"https://doi.org/10.1002/bsd2.70138","url":null,"abstract":"<div>\u0000 \u0000 <p>By giving investors clear and thorough information to assist them in making decisions, disclosures about CSR lessen asymmetric information. Even while some analysts may minimize CSR information, it is becoming increasingly significant in developing nations with low levels of openness, such as Jordan. Information on CSR is essential for lowering hazard and fostering confidence in firm governance as socially conscious investment grows. The necessity of harmonizing stakeholder and manager interests is highlighted by the fact that asymmetric information, in which one side possesses a greater understanding than the other, may result in inconsistencies and possibly market failures. The research aimed to examine the moderating effect of corporate governance by employing concentrated ownership and board structure and activities in the relation between corporate social responsibility and asymmetric information. To achieve the aim of this research, the data were collected from the annual reports of the companies which were published on the Amman Stock Exchange website for the years 2013 to 2023. This research finds that the disclosure of corporate social responsibility has a negative effect on information asymmetry, and this shows that corporate social responsibility disclosure decreases the level of information asymmetry. Furthermore, the results show that specific concentrated ownership and board structure and activities moderate the association between the disclosure of corporate social responsibility and information asymmetry by affecting the disclosure of information as well as how investors perceive it. More precisely, the bid-ask spread is negatively impacted by the independence of the board, duality of CEO, and size of the board. These results reflect the important effect of the moderator factors in reducing asymmetric information and improving the relationship of CSR with regard to asymmetric information. Information asymmetry and CSR disclosure are positively correlated when the independence of the board moderates. Finally, the study's findings have both theoretical and practical implications. For example, CSR could be used by management to identify and employ the finest individuals and strengthen ties among management acting as agents for different shareholders and blockholders acting as principals.</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":"144256412","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":"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}