Business Strategy and Development最新文献

{"title":"Evaluating the Efficiency and Sustainability of Domestic and Foreign Banks in Tanzania: Insights From the Digital Transformation Era","authors":"Zawadi Ally","doi":"10.1002/bsd2.70092","DOIUrl":"https://doi.org/10.1002/bsd2.70092","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the efficiency and sustainability of domestic and foreign banks in Tanzania from 2014 to 2023. Employing Data Envelopment Analysis (DEA) with bootstrapped DEA for efficiency assessment and fractional logit regression to identify key determinants, the study provides a robust empirical evaluation of banking performance. The findings reveal that foreign banks demonstrate higher efficiency levels than domestic banks, with mean CCR and BCC scores of 92.2% and 93.6%, respectively, compared to 80.7% and 85.4% for domestic banks. Bootstrapped DEA results indicate that traditional DEA marginally overestimates efficiency levels, yet foreign banks maintain superior performance even after bias correction. The Mann–Whitney <i>U</i> test confirms statistically significant differences in efficiency scores (<i>p</i> &lt; 0.05), supporting the hypothesis that foreign banks operate more efficiently. Fractional logit regression results further reveal that bank size, capital adequacy, and digital adoption positively influence efficiency, whereas asset quality and operational costs exert a negative impact. This study contributes to the resource-based theory, X-efficiency theory, and the theory of technological diffusion by demonstrating how digital transformation enhances efficiency and sustainability. From a practical perspective, the findings offer valuable insights for policymakers, regulators, and banking institutions on optimizing digital banking strategies to improve efficiency and long-term sustainability. By integrating empirical rigor with theoretical depth, this study provides a comprehensive framework for assessing banking performance in developing economies amid digital transformation.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143818456","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 and SME Growth: The Moderating Effects of Collaborative and Control Cultures in China","authors":"Wanze Li,&nbsp;Zaini Embong,&nbsp;Norman Mohd Saleh,&nbsp;Maizatulakma Abdullah","doi":"10.1002/bsd2.70103","DOIUrl":"https://doi.org/10.1002/bsd2.70103","url":null,"abstract":"<div>\u0000 \u0000 <p>Corporate social responsibility (CSR) plays a crucial role in promoting SME growth. For SMEs, cultural preferences can impact their behaviors and goal attainment. This study explores which culture—collaborative or control—is more conducive to CSR fulfillment and SME growth. The study uses ordinary least squares (OLS) analysis of 1639 Chinese listed SMEs from 2015 to 2023 and establishes a novel quantitative measurement system for corporate culture based on public databases. The findings show that CSR positively impacts SME growth, with collaborative culture strengthening and control culture weakening this effect. These findings highlight the importance of aligning corporate culture with CSR practices to foster SME growth. Especially in developing countries like China, which play a key role in economic development and employment, combining CSR with a collaborative culture can enhance competitiveness, improve sustainability, and contribute to long-term economic stability.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143778283","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 “Gender Diversity and Environmental, Social, and Governance: Unlocking Solutions to Corporate Risk”","authors":"","doi":"10.1002/bsd2.70105","DOIUrl":"https://doi.org/10.1002/bsd2.70105","url":null,"abstract":"<p>Saleh M. W., Alshdaifat S. M., Shubita M., Mansour M., Lutfi A. 2025. “Gender Diversity and Environmental, Social, and Governance: Unlocking Solutions to Corporate Risk.” <i>Business Strategy and Development</i> 8, no. 1: e70097. https://doi.org/10.1002/bsd2.70097.</p><p>First name of the second author has been misspelt in the current version. It is currently listed as Sajed, but the correct spelling should be Sajead. Therefore, nothing has been changed in the citation because the first name will only take the author's initial. However, I want the full name to appear correctly on the published paper's interface only. As for the full citation, nothing will be different.</p><p>We apologize for this error.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70105","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143749847","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":"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}