Business Strategy and Development最新文献_第6页

Multinational Corporations and Climate Change: Four Environmental Strategies and Their Impacts on Firm Performance 跨国公司与气候变化：四种环境战略及其对企业绩效的影响

IF 4.8

Business Strategy and Development Pub Date : 2025-03-06 DOI: 10.1002/bsd2.70085

Hwy-Chang Moon, Wenyan Yin, Minji Hong, Dilong Huang

{"title":"Multinational Corporations and Climate Change: Four Environmental Strategies and Their Impacts on Firm Performance","authors":"Hwy-Chang Moon, Wenyan Yin, Minji Hong, Dilong Huang","doi":"10.1002/bsd2.70085","DOIUrl":"https://doi.org/10.1002/bsd2.70085","url":null,"abstract":"<div>\u0000 \u0000 <p>While existing research has examined various factors influencing the ESG–firm performance relationship, firm strategy-related factors remain underexplored. To address this gap, this study introduces two key strategic factors: (1) firm motivation and (2) the relevance of ESG to core business operations. Additionally, we develop a conceptual framework that classifies four environmental response strategies and examines their differential impacts on firm performance. Through a case study of Walmart since the early 2000s, we find that the shift toward active environmental strategies was driven more by reputational and financial challenges than by ethical considerations. Furthermore, Walmart's enhanced integration of environmental initiatives in response to climate challenges reflects a dual objective: sustaining long-term firm growth while mitigating the rising costs of regulatory compliance. This paper complements previous studies on MNCs' environmental engagement by proposing opportunities for creating advantages, rather than viewing it solely as additional costs.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143564596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Prioritization of Critical Success Determinants in Corporate Social Responsibility Communication on Social Media: A Best-Worst Method Analysis 社会媒体上企业社会责任传播中关键成功决定因素的优先顺序：最佳-最差方法分析

IF 4.8

Business Strategy and Development Pub Date : 2025-03-06 DOI: 10.1002/bsd2.70089

Monica Sareen, Ritika Mahajan

{"title":"Prioritization of Critical Success Determinants in Corporate Social Responsibility Communication on Social Media: A Best-Worst Method Analysis","authors":"Monica Sareen, Ritika Mahajan","doi":"10.1002/bsd2.70089","DOIUrl":"https://doi.org/10.1002/bsd2.70089","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores the use of social media (SM) for corporate social responsibility communication (CSR-C), focusing on its effectiveness in engaging stakeholders and enhancing organizational communication. Grounded in Stakeholder Theory and Social Exchange Theory, the research provides a robust theoretical foundation for understanding how CSR-C operates on SM. The primary objective is to identify and prioritize the critical success determinants (CSDs) that influence the efficacy of CSR-C on SM. The study employs a two-step methodology that first identifies nine CSDs through a comprehensive literature review and expert insights. These CSDs are evaluated and ranked using the best-worst method (BWM), an innovative multi-criteria decision-making (MCDM) technique. A tailored online questionnaire, completed by industry experts, facilitated the BWM process, ensuring an expert-driven and precise prioritization of the CSDs. The findings reveal “Sharing Source” as the most influential CSD, emphasizing the importance of credible and trusted sources in disseminating CSR messages. “CSR Co-creation” emerges as the second most critical determinant, highlighting the value of involving stakeholders in designing and promoting CSR initiatives. This research represents a pioneering effort in prioritizing CSDs for CSR-C on SM, offering a structured framework for organizations to enhance their communication strategies. The study underscores the need for strategic content planning, transparency, and interactive engagement to meet the evolving expectations of informed and skeptical stakeholders. By leveraging these insights, organizations can improve the effectiveness of their CSR-C on SM, fostering stronger stakeholder relationships and achieving a more significant impact.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143564595","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Role of Organisational Factors and Corporate Governance in Business Ethics Practices 组织因素和公司治理在商业道德实践中的作用

IF 4.8

Business Strategy and Development Pub Date : 2025-03-05 DOI: 10.1002/bsd2.70088

Isabel Gallego-Álvarez, Luis Rodriguez-Dominguez

引用次数: 0

Frugal Innovation: An Effective Approach to Address Global Conscious Consumption Patterns in the Context of Sustainable Development 节约型创新：可持续发展背景下解决全球自觉消费模式的有效途径

IF 4.8

Business Strategy and Development Pub Date : 2025-03-05 DOI: 10.1002/bsd2.70084

Marcela Sacanamboy-Trujillo, Diana Escandón-Barbosa

{"title":"Frugal Innovation: An Effective Approach to Address Global Conscious Consumption Patterns in the Context of Sustainable Development","authors":"Marcela Sacanamboy-Trujillo, Diana Escandón-Barbosa","doi":"10.1002/bsd2.70084","DOIUrl":"https://doi.org/10.1002/bsd2.70084","url":null,"abstract":"<p>Frugal innovation is increasingly recognized as a catalyst for sustainable development, offering optimized quality, affordable solutions to resource-constrained customers while aligning with global trends in conscious consumption. This study investigates how institutional leverage capability, sustainability orientation, and strategic flexibility drive frugal innovation—an area of growing importance for both academia and industry. Grounded in the dynamic capabilities framework, this research examines the impacts of institutional leverage capability, sustainability orientation, and strategic flexibility on fostering frugal innovation. Data were collected from 400 Colombian small and medium-sized enterprises (SMEs) and analyzed using structural equation modeling with SPSS and STATA software. The findings reveal that these organizational capabilities are critical drivers of frugal innovation. These results provide actionable insights for managers seeking to integrate frugal principles into their innovation strategies and contribute to the academic discourse on frugal innovation and dynamic capabilities.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70084","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143555063","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Breaking the Glass Ceiling: The Impact of Board Gender Diversity on Firm Financial Performance in Sri Lanka 打破玻璃天花板：斯里兰卡董事会性别多样性对公司财务绩效的影响

IF 4.8

Business Strategy and Development Pub Date : 2025-03-05 DOI: 10.1002/bsd2.70091

Sandunima Kaluarachchi

{"title":"Breaking the Glass Ceiling: The Impact of Board Gender Diversity on Firm Financial Performance in Sri Lanka","authors":"Sandunima Kaluarachchi","doi":"10.1002/bsd2.70091","DOIUrl":"https://doi.org/10.1002/bsd2.70091","url":null,"abstract":"<div>\u0000 \u0000 <p>The purpose of this study is to examine the influence of board gender diversity on the financial performance of firms in Sri Lanka. While extensive research has been conducted in developed countries, this study addresses the gap in literature by examining how cultural and economic differences influence the relationship between gender diversity and corporate performance. Understanding this relationship in developing countries is crucial for shaping inclusive corporate governance policies and promoting sustainable development in diverse economic contexts. This study employs secondary data from the annual reports of listed companies over the period 2012–2022, using panel regression and multiple linear regression models to explore the relationship between board gender diversity and firm financial performance. The findings reveal that, despite Sri Lanka's corporate boards being predominantly male-dominated, the inclusion of female directors is positively associated with improved financial performance. This is evident through factors such as the presence of female directors, female chairpersons, board size, CEO duality and firm age. In contrast, independent directors and leverage are found to have a negative impact on performance. The study provides valuable insights for researchers, investors and policymakers, offering a roadmap for enhancing gender diversity in Sri Lanka's corporate governance and promoting sustainable development.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143555062","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Nexus Between Innovation, Value Chains, and Social Sustainability in the Context of a Bioeconomy Upgrading 生物经济升级背景下创新、价值链与社会可持续性的关系

IF 4.8

Business Strategy and Development Pub Date : 2025-02-26 DOI: 10.1002/bsd2.70087

Pablo Mac Clay, Jorge Sellare

{"title":"The Nexus Between Innovation, Value Chains, and Social Sustainability in the Context of a Bioeconomy Upgrading","authors":"Pablo Mac Clay, Jorge Sellare","doi":"10.1002/bsd2.70087","DOIUrl":"https://doi.org/10.1002/bsd2.70087","url":null,"abstract":"<p>The transition to a bio-based economy promises a path toward reducing greenhouse gas emissions while creating new business opportunities. However, a sustainable transition implies shifting from high-volume, low-value biomass technologies to advanced biotechnologies that minimize biomass requirements and negative environmental impacts while maximizing economic value-added. This accelerated innovation process, which we define as a bioeconomy upgrading, will likely reshape value chain structures and affect benefits distribution. Yet, previous studies have ignored the relationship between value chains and technological change in the bioeconomy. Using a qualitative approach based on value chain mapping, we develop an overarching conceptual framework based on six representative models of bio-based value chains to study the nexus between innovation, value chains, and social sustainability in the transition to a bioeconomy. This framework is illustrated with up-to-date business examples and validated through an expert survey. We find that a bioeconomy upgrading is associated with shorter and more vertically coordinated value chains, a leading role by big firms, and higher levels of research cooperation among firms. Finally, we argue that these changes in the organizational structures coming from accelerated bio-based innovation may expose the most vulnerable value chain actors to new risks and thus propose some lines of thought regarding the potential distributional effects.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70087","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143490009","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Water Disclosure and Firm Value: A Pathway to Corporate Sustainability 水资源信息披露与企业价值：企业可持续发展之路

IF 4.8

Business Strategy and Development Pub Date : 2025-02-18 DOI: 10.1002/bsd2.70082

Arif Santoso, Doddy Setiawan, Rayenda Khresna Brahmana

{"title":"Water Disclosure and Firm Value: A Pathway to Corporate Sustainability","authors":"Arif Santoso, Doddy Setiawan, Rayenda Khresna Brahmana","doi":"10.1002/bsd2.70082","DOIUrl":"https://doi.org/10.1002/bsd2.70082","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper examines the relationship between water disclosure and firm value within the stakeholder framework. Data were collected from non-financial companies listed on the FTSE Emerging Asia Pacific index from 2018 to 2022, encompassing 779 observations from seven countries. Using a robust panel regression model, our results indicate that water disclosure positively impacts firm value. Transparent water disclosure not only enhances corporate reputation but also fulfills stakeholders' growing demand for environmental accountability. This study provides empirical evidence that companies' transparent water management enhance their market value, supporting Stakeholder Theory. We also tested the robustness of our findings using sub-sampling, alternative measurements, and address potential endogeneity issues. Our study uniquely focuses on the specific impact of water disclosure, contrasting previous research on overall corporate social responsibility (CSR) disclosure. This research offers significant theoretical, empirical, and managerial insights into the role of environmental disclosure in business ethics and firm valuation.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143439129","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Investigation of Critical Success Factors for Sustainable Marketing of Malaysian Manufacturing Small and Medium-Sized Enterprises: A Multi-Criteria Decision-Making Approach 马来西亚制造业中小企业可持续营销关键成功因素研究：多准则决策方法

IF 4.8

Business Strategy and Development Pub Date : 2025-02-18 DOI: 10.1002/bsd2.70080

Maria Ijaz Baig, Elaheh Yadegaridehkordi

{"title":"Investigation of Critical Success Factors for Sustainable Marketing of Malaysian Manufacturing Small and Medium-Sized Enterprises: A Multi-Criteria Decision-Making Approach","authors":"Maria Ijaz Baig, Elaheh Yadegaridehkordi","doi":"10.1002/bsd2.70080","DOIUrl":"https://doi.org/10.1002/bsd2.70080","url":null,"abstract":"<p>In today's business environment, sustainable marketing has become an essential component for small and medium-sized enterprises (SMEs) aiming to enhance productivity and maintain competitiveness. However, there is a gap in research regarding the critical factors that contribute to the success of sustainable marketing and the importance and interconnections of these factors from experts' perspectives. Thus, this study aims to provide a comprehensive understanding of the complex relationships among factors contributing to the success of sustainable marketing strategies within manufacturing companies. This study extracted 19 success factors crucial to sustainable marketing within Malaysian manufacturing SMEs from the literature and thoughtfully categorized them into technology, organization, environment, human, and social groups. Data was gathered from 26 experts in Malaysian SME manufacturing using a questionnaire. The decision-making trial and evaluation laboratory (DEMATEL) method was employed to identify the significant factors and reveal cause-and-effect relationships among them. The findings showed that perceived benefits, sustainable strategy, natural resources protection, IT knowledge and expertise, and customer demands were crucial factors within technology, organization, environment, human, and social groups, respectively. Meanwhile, the environment group was ranked as the most important dimension influencing sustainable marketing. This study provides valuable insights for researchers, practitioners, and policymakers, offering a foundation to initiate and boost sustainable practices within the organizations.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70080","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143431742","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How ESG Performance Promotes Organizational Resilience: The Role of Ambidextrous Innovation Capability and Digitalization ESG绩效如何提升组织弹性：双灵巧创新能力和数字化的作用

IF 4.8

Business Strategy and Development Pub Date : 2025-02-18 DOI: 10.1002/bsd2.70079

Qining Deng, Noorliza Karia

{"title":"How ESG Performance Promotes Organizational Resilience: The Role of Ambidextrous Innovation Capability and Digitalization","authors":"Qining Deng, Noorliza Karia","doi":"10.1002/bsd2.70079","DOIUrl":"https://doi.org/10.1002/bsd2.70079","url":null,"abstract":"<div>\u0000 \u0000 <p>Enterprises are increasingly under pressure to respond to volatile market environments and uncertainties. Although higher environmental, social, and governance (ESG) performance facilitates the stabilization of corporate operations, studies provide limited understanding on how ESG performance affects organizational resilience. By analyzing dataset from China's listed enterprises from 2010 to 2023, this research examines the connection between ESG performance and organizational resilience, as well as its influence mechanism. Results evidence that ESG performance significantly increases organizational resilience. In addition, ESG performance promotes organizational resilience by improving ambidextrous innovation capability (AIC). Further analysis indicated that digitalization amplified the positive influence of ESG on financial volatility. Our research determines the value of ESG, AIC, and digitalization in assisting enterprises to develop a resiliency capability to cope with threat and stressful environment. This research offers a novel theoretical perspective through the integration of stakeholder theory and dynamic capability view (DCV) to explore how ESG promotes organizational resilience by releasing the value of its own, AIC and digitalization. It offers practical implications for practitioners to shape strategies to actively embracing ESG practices, nurturing dynamic capabilities, such as AIC and higher degree of digitalization to effectively promote organizational resilience to respond to crises and uncertainty.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143439128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

To Explore the Relationship Between Sustainability, Digital Technology, and Sustainable Development Goals 探讨可持续发展、数字技术和可持续发展目标之间的关系

IF 4.8

Business Strategy and Development Pub Date : 2025-02-17 DOI: 10.1002/bsd2.70076

Aditi Saha, Rakesh Raut, Mukesh Kumar, Sudishna Ghoshal

{"title":"To Explore the Relationship Between Sustainability, Digital Technology, and Sustainable Development Goals","authors":"Aditi Saha, Rakesh Raut, Mukesh Kumar, Sudishna Ghoshal","doi":"10.1002/bsd2.70076","DOIUrl":"https://doi.org/10.1002/bsd2.70076","url":null,"abstract":"<div>\u0000 \u0000 <p>In the era of rapid technological advancement and growing global challenges, the interaction between sustainability, digital technology (DT), and sustainable development goals (SDGs) presents a vital opportunity for transformative action. This convergence opens doors to innovative solutions for addressing critical environmental and societal issues while advancing economic progress. Therefore, this study aims to explore the intricate relationship between sustainability, digital technology, and SDGs. A systematic literature review and Preferred Reporting Items for Systematic Review and Meta-Analyses (PRISMA) protocol have been used to comprehend the impact of DT on promoting SDGs across diverse sectors while enhancing sustainability. By analyzing the 141 articles, it could be concluded that achieving sustainability by adhering to the SDGs requires effective integration of DT and a thorough understanding of the policy reforms and SDG knowledge that support both sustainability goals and digitalization. The findings also indicate that achieving the SDGs in the era of digitalization relies on the collective and collaborative ability to leverage digital technology as a crucial tool and resource for positive transformation while mitigating its adverse impacts. Furthermore, the successful integration of DT with SDGs requires a comprehensive approach that encompasses technological innovation, a supportive governance framework, and capacity building.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143423858","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0