Adem M. Habib, Jun Ren, Ben Matellini, Ian Jenkinson, Dimitrios Paraskevadakis
{"title":"Critical factors to adopt sustainable agrifood supply chain management in developing countries: The case of Ethiopian coffee industry","authors":"Adem M. Habib, Jun Ren, Ben Matellini, Ian Jenkinson, Dimitrios Paraskevadakis","doi":"10.1002/bsd2.70032","DOIUrl":"https://doi.org/10.1002/bsd2.70032","url":null,"abstract":"<p>Global agrifood supply chains are under increasing pressure to address sustainability issues due to growing concerns. However, numerous organizations within the agrifood industry are struggling to incorporate sustainable supply chain management practices and address the concerns. Therefore, this research is designed to identify the key critical factors, such as drivers, enablers, and barriers to adopting sustainable practices. This study considers the Ethiopian coffee industry, which is an important sector not only for the Ethiopian economy but also for the global agrifood supply chain. To accomplish the objectives of this study, we applied a systematic literature review and empirical survey. A systematic literature review was conducted to identify critical factors for adopting sustainability in agrifood supply chains. An empirical survey was then undertaken in the Ethiopian coffee industry to rank the key critical factors. Hence, the study has revealed that economic and productivity improvement, cost effectiveness and improvement in the overall performance, and difficulty in mindset and cultural changes as the key critical factors that determine the adoption of sustainability initiatives from the perspectives of the Ethiopian coffee supply chain. The findings can be used as input by government regulatory bodies and policymakers to craft strategies and policies to adopt sustainability initiatives and ensure sustainable development. Furthermore, the research is expected to contribute to the existing literature by bringing in the perspective of suppliers in developing countries.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70032","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142525321","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}
Abbas Abdelrahman Adam Abdalla, Zalailah Salleh, Hafiza Aishah Hashim, Wan Zuriati Wan Zakaria, Waleed M. Al-ahdal
{"title":"The effect of board of directors attributes, environmental committee and institutional ownership on carbon disclosure quality","authors":"Abbas Abdelrahman Adam Abdalla, Zalailah Salleh, Hafiza Aishah Hashim, Wan Zuriati Wan Zakaria, Waleed M. Al-ahdal","doi":"10.1002/bsd2.70023","DOIUrl":"https://doi.org/10.1002/bsd2.70023","url":null,"abstract":"<p>This study assesses the effect of the board of directors' attributes, environmental committee (EC), and institutional ownership (IO) on carbon disclosure quality (CDQ) from the perspectives of legitimacy and agency theories in Malaysia. This study collects and analyzes data based on 1000 observations of firms from carbon-intensive industries from 2015 to 2019. The effect of the board of directors' attributes, EC, and IO on the CDQ was observed using a panel data regression model. The study revealed a significant positive relationship between board independence, board size, female representation, EC, IO, and CDQ. These findings suggest that carbon disclosure awareness is rising in Malaysia as firms have gradually integrated corporate governance (CG) best practices into their business strategies. To the best of our knowledge, this is the first study to examine the factors that influence CDQ in Malaysian businesses. This study identified firms with a higher CDQ using a new global reporting initiative-based carbon reporting index. This expands the literature on carbon disclosures. This study focuses on carbon-intensive industries, which might not reflect Malaysia's current CDQ situation. Thus, future research should focus on other sectors to fully grasp the current state of the CDQ in Malaysia and offer new perspectives on emerging markets. The findings may benefit a vast group of regulatory bodies in assessing Malaysian firms' responses to local and international carbon guidelines.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142525104","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":"Scientific mapping of green organizational culture: Main schools of thought and topical trends","authors":"Truong Thi Hue, Luong Dinh-Hai","doi":"10.1002/bsd2.70031","DOIUrl":"https://doi.org/10.1002/bsd2.70031","url":null,"abstract":"<p>The green transition is increasingly viewed as a path to prosperity, or even survival, for organizations. In several countries, greening is vigorously pursued across various organizational activities, including organizational culture, which has garnered significant scholarly attention. However, there appears to be no comprehensive literature review on green organizational culture (GOC) indexed by reputable databases like Scopus. This paper aims to provide a bibliometric overview of GOC. A total of 558 documents from Scopus, spanning 1996–2023, were analyzed using bibliometric methods. The study examines the research performance on GOC, including volume growth trajectory, document types, contributing countries, international collaboration, research groups, influential authors, and prominent sources in GOC research. Notably, it identifies five main schools of thought and two topical trends in GOC literature. This may be the first effort to review GOC literature using Scopus data, highlighting performance and mapping the scientific landscape of this field.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142524804","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":"ESG and firm performance: The effects of foreigners on board and export orientation","authors":"Chen-Hui Wu, Thi-Kim-Tuyen Nguyen","doi":"10.1002/bsd2.70029","DOIUrl":"https://doi.org/10.1002/bsd2.70029","url":null,"abstract":"<p>This study investigates whether environmental, social, and governance (ESG) disclosures enhance industry-adjusted firm performance and whether the presence of foreigners on board and export orientation affect this relationship. The Taiwan dataset from 2013 to 2020 indicates that ESG practices positively affect accounting- and market-based performance (i.e., adjusted Tobin's Q and adjusted MTB ratio). However, ESG has no significant relationship with purely market-based performance (i.e., adjusted Jensen Alpha and adjusted FF3). The results illustrate a significant joint effect of ESG with foreigners on board and export experience on accounting and market-based performance. The findings provide deeper insight into the complex relationship between sustainability practices, ownership structures, and international businesses. Our findings remain consistent when using alternative estimation methods to account for endogeneity and selection bias.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142524788","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 risk-taking, economic policy uncertainty and ESG performance: International evidence","authors":"Chai-Aun Ooi, Ming Pey Lu, Abdul Hadi Zulkafli","doi":"10.1002/bsd2.70028","DOIUrl":"https://doi.org/10.1002/bsd2.70028","url":null,"abstract":"<p>Corporate risk-taking, which aims to maximize shareholders' profits, has raised concerns regarding potential conflicts with Environmental, social and governance (ESG) investments. We address this gap by investigating the relationship between corporate risk-taking and ESG performance using an international sample from 20 economies spanning 2000 to 2022, while carefully accounting for endogeneity based on GMM, Heckman sample selection bias and simultaneous equations. Our findings reveal a significantly negative relationship, suggesting a trade-off between the two, which aligns with the conservation of resources (COR) theory. Furthermore, the COR theory is integrated with agency theory and stakeholder theory when examining subsamples of high and low corporate governance scores. Additionally, we find that economic policy uncertainty (EPU) positively moderates this relationship, particularly in high-income economies and for large firms. This effect is evident during the post-2008 subprime crisis period but dissipates in the post-COVID-19 era. The overall findings have several important theoretical and practical implications for the literature.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142447510","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":"Unveiling the role of sustainability practices, co-innovation and entrepreneurial orientation on SMEs performance: An empirical study in developing country","authors":"Hai-Ninh Do, Ngoc Bich Do, Tra My Nguyen","doi":"10.1002/bsd2.70022","DOIUrl":"https://doi.org/10.1002/bsd2.70022","url":null,"abstract":"<p>The emergence of climate change calls for the high-intensity adoption of sustainability practices in all business actors, especially small-and-medium enterprises (SMEs). Yet the adoption of such practices remains lag far lower than developed nations. This article examines the relationship between sustainability practices, a firm's strategic movements towards co-innovation and entrepreneurial orientation, and SMEs performance. Using quantitative data from questionnaires, a total of 450 SMEs in Vietnam participated in this research. The results indicate two crucial findings. First, economic and social sustainability practices enable technological innovation and innovation outcomes through co-innovation and entrepreneurial orientation. Second, the effectiveness of technological innovation on SMEs performance is examined in a developing country context. These findings will provide empirical evidence for SMEs and corporations in developing countries to craft sustainable orientations and practices to aid the Sustainable Development Goals.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142447507","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}
Hossain Mohammad Reyad, Momtaj Ayesha, Mohammed Masum Iqbal, Mohd Ashhari Zariyawati
{"title":"The role of ESG in enhancing firm resilience to geopolitical risks: An eastern European perspective","authors":"Hossain Mohammad Reyad, Momtaj Ayesha, Mohammed Masum Iqbal, Mohd Ashhari Zariyawati","doi":"10.1002/bsd2.70027","DOIUrl":"https://doi.org/10.1002/bsd2.70027","url":null,"abstract":"<p>Geopolitical risk (GPR) presents a profound challenge to firms, particularly in regions with persistent political instability. In Eastern Europe, where conflicts like the Russia–Ukraine war heighten uncertainty, firms face immediate financial threats and long-term strategic vulnerabilities. This study examines the impact of GPR on firm performance, focusing on the moderating role of environmental, social, and governance (ESG) practices as a resilience mechanism. Using a comprehensive dataset of 1360 publicly listed firms across Poland, Russia, and Ukraine from 2014 to 2023, the analysis employs a base panel data regression model, followed by a two-step generalized method of moments (GMM) approach to account for endogeneity and ensure robustness. The findings reveal a significant negative relationship between GPR and firm performance, measured by return on assets (ROA). Firms exposed to higher geopolitical risks exhibit weaker profitability. However, firms with stronger ESG performance demonstrate greater resilience, as the GMM results show that ESG engagement moderates the adverse effects of GPR on profitability. This suggests that ESG initiatives enhance adaptive capacity in volatile geopolitical environments. In terms of policy implications, ESG should be promoted as a key strategy for firms operating in politically unstable regions. Governments and regulatory bodies may consider mandatory ESG disclosures and incentivizing sustainability practices to help firms mitigate external risks, improve financial resilience, and attract stable investment. Aligning corporate strategies with global ESG standards is essential to ensuring business sustainability amid ongoing geopolitical threats.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142447509","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}
Xuan Li, Maisarah Mohamed Saat, Saleh F. A. Khatib, Yang Liu
{"title":"Sustainable development and firm value: How ESG performance shapes corporate success—a systematic literature review","authors":"Xuan Li, Maisarah Mohamed Saat, Saleh F. A. Khatib, Yang Liu","doi":"10.1002/bsd2.70026","DOIUrl":"https://doi.org/10.1002/bsd2.70026","url":null,"abstract":"<p>This study is designed to conduct a systematic literature review aimed at assessing the influence of environmental, social, and governance (ESG) performance on firm value. Although previous studies have explored their relationship, a comprehensive systematic review on this topic is still lacking. We conducted a detailed literature search in the Scopus and Web of Science databases and identified 73 papers published between 2016 and 2023 as the sample, covering annual trends, country and industry distribution, theoretical frameworks, proxy variables, research methods, research results, and provided direction for future research. We found a significant increase in the number of studies over the past 3 years. Cross-country studies dominated the field, with most research adopting multi-industry analysis, while studies focusing on a single industry were relatively rare. The stakeholder theory and agency theory were the most widely applied theories. Most studies showed that ESG performance had a positive effect on firm value, reflecting the growing importance that markets and investors placed on ESG performance and its contribution to long-term firm growth. However, some studies reported negative or insignificant effects, noting that the effects of ESG performance varied by industry, region, and market environment. This study suggests that future research should explore the independent and interactive effects of each ESG dimension on firm value, focusing on dynamic relationships across industries and regions, using new methods and models, and incorporating moderating variables. This study provides practical guidance for firm managers and policymakers to optimize ESG practices, enhancing firm value and promoting sustainability.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142439088","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}
Jahja Hamdani Widjaja, Joni Joni, Naomi Fani Riyanto
{"title":"Do gender diversity and foreign investor affect sustainability disclosure","authors":"Jahja Hamdani Widjaja, Joni Joni, Naomi Fani Riyanto","doi":"10.1002/bsd2.70024","DOIUrl":"https://doi.org/10.1002/bsd2.70024","url":null,"abstract":"<p>We examine the effect of female board members and foreign institutional investors on corporate social responsibility (sustainability) disclosure in Indonesian listed firms from 2015 to 2017. Our final sample comprised 1192 firm-year observations. We apply ordinary least squares pool regression to estimate the associations and address the endogeneity problem using the two-stage least squares model, generalized method of moments, and lagged variables. While previous studies have focused on the impact of female board members and foreign institutional investors on financial outcomes, we extend the literature by investigating the association between both female board members and foreign investors and sustainable disclosure in Indonesia, where the participation of women is nominal, especially at the top management level, and the level of foreign ownership is high. Our findings propose a proportion of women as board members for listed firms and promote attractive policies to increase the number of foreign investors investing in Indonesia. It also contributes to conflicting results regarding the relationship between corporate governance and corporate social responsibility (CSR) commitment. Our results were robust after testing for endogeneity and adding more control variables. Overall, the findings have practical implications for policymakers and investors regarding corporate disclosure and governance in Indonesia.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142439086","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}
Emilio Abad-Segura, Francisco José Castillo-Díaz, Ana Batlles-delaFuente, Luis J. Belmonte-Ureña
{"title":"Enhancing competitiveness and sustainability in Spanish agriculture: The role of technological innovation and corporate social responsibility","authors":"Emilio Abad-Segura, Francisco José Castillo-Díaz, Ana Batlles-delaFuente, Luis J. Belmonte-Ureña","doi":"10.1002/bsd2.70021","DOIUrl":"https://doi.org/10.1002/bsd2.70021","url":null,"abstract":"<p>This study explores the integration of sustainable technological innovation (STI) and corporate social responsibility (CSR) within the Spanish agricultural sector, aiming to enhance competitiveness and sustainability. Departing from previous research that often underrepresents the unique dynamics of this sector, our analysis employs both theoretical frameworks and empirical data to assess the interplay between STI and CSR. We develop a composite CSR indicator and analyze its association with regional R&D + i investment across Spain. Findings indicate that STI adoption, particularly in precision agriculture and smart livestock management, significantly enhances CSR outcomes by optimizing resource utilization and minimizing environmental impact. However, notable regional disparities emerge, influenced by economic resources, infrastructure, and policy environments. This study contributes to the literature by elucidating the role of STI in fostering sustainable agricultural practices and underscores the necessity for targeted policy interventions to support regions lagging in CSR performance. The results advocate for integrating technological innovation with CSR strategies to ensure long-term sustainability and competitiveness in the agricultural sector.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70021","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142404593","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}