Business Strategy and Development最新文献

{"title":"Legitimization Tools or Governance Tools? A Systematic Literature Review of Corporate Governance and Carbon Disclosure Quality","authors":"Guifang Zhu,&nbsp;Tze San Ong,&nbsp;Ahmad Fahmi Sheikh Hassan","doi":"10.1002/bsd2.70117","DOIUrl":"https://doi.org/10.1002/bsd2.70117","url":null,"abstract":"<div>\u0000 \u0000 <p>As global climate challenges intensify, corporate carbon disclosure quality (CDQ) has emerged as a vital indicator of corporate environmental transparency and accountability. However, corporate governance (CG) mechanisms remain contested: are they primarily legitimation tools to meet external expectations or governance instruments to ensure substantive environmental performance? This study conducts a systematic literature review (SLR) utilizing the PRISMA framework, methodically screening and synthesizing 64 studies published between 2011 and 2024. Key findings encompass (1) Persistent suboptimal CDQ across both developed and emerging markets; (2) A trend towards theoretical integration, with the CG-CDQ relationship increasingly reflecting the interplay of multiple theoretical frameworks; (3) Dynamic duality of CG's role, wherein its primary function depends on institutional pressure, governance architecture, and stakeholder oversight; (4) Bridging institutional voids in emerging economies, as demonstrated by China's state-owned enterprises (SOEs) surpassing non-state-owned firms under policy incentives. This study also identifies critical research gaps: over two-thirds of CG-CDQ studies concentrate on the US, Europe, and China, while ASEAN and Africa—carbon-intensive regions—remain underexplored, constituting a 90% research void. The cultural dimension is frequently neglected, with only one study examining informal institutions, such as Confucianism. These findings highlight that governments should mandate carbon disclosure standards, implement cross-border accreditation mechanisms, and enhance social oversight; corporations should bolster governance, incorporate environmental expertise, and ensure that 30% of their executives are female; and investors should advocate for ESG performance agreements that correlate carbon disclosure with investment returns, fostering sustainable development.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143914431","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":"Linking Circular Business Models With Value Sources: A Cluster-Based Literature Review","authors":"Eleonora Rizzitello,&nbsp;Alessia Busacca,&nbsp;Paolo Roma,&nbsp;Giovanni Perrone","doi":"10.1002/bsd2.70111","DOIUrl":"https://doi.org/10.1002/bsd2.70111","url":null,"abstract":"<p>Circular Business Models (CBMs) are critical to advancing the Circular Economy (CE), receiving significant attention from policymakers and corporations alike. Despite this, the conceptual clarity of CBMs remains underdeveloped. This paper presents a systematic literature review of CBM, focusing on definitions, drivers, barriers, and value creation. We identify three primary clusters: CBM concept, CBM transformation, and CBM strategies. Key gaps in the literature are highlighted, with particular regard to market value creation, comprehensive business model framework, and firm maturity. To address these gaps, we propose a framework linking CBM strategies with value sources, offering a more cohesive understanding of circularity within business models. This framework aims to guide future research and practical implementation across various firm maturity stages.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70111","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143904929","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":"Exploring Employee Perceptions and Attitudinal Responses to the Sustainable Development Goals (SDGs): A Robust Methodological Approach Amidst Missing Value Prevalence","authors":"Björn Mestdagh,&nbsp;Gonzalo Villa-Cox,&nbsp;Luc Van Liedekerke,&nbsp;Jan Cools","doi":"10.1002/bsd2.70118","DOIUrl":"https://doi.org/10.1002/bsd2.70118","url":null,"abstract":"<p>This study investigates the effects of organizational engagement with the Sustainable Development Goals (SDGs) on employee attitudes, focusing on pride, perceived support, and commitment. Utilizing stakeholder and psychological theories, it explores how employees' perceptions of their organization's SDG engagement influence these attitudes. Survey data were collected from employees of a Belgian regional governmental organization, offering a unique perspective since public sector employees are often underrepresented in this line of research. This data formed the basis for an innovative and reusable PLS-SEM modeling pipeline, designed both to test the hypothesized relationships and to address missing value prevalence. The findings reveal significant positive attitudinal outcomes, underscoring the direct and overall impact of perceived organizational SDG engagement on employee attitudes. In addition, the study introduces three novel SDG perception scales, each consisting of 17 items. Overall, this paper provides a foundational framework for understanding employee perceptions and attitudinal responses to organizational SDG engagement.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70118","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143901094","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":"Leveraging Governance and Accountability for Advancing Sustainable Development Goals in Africa","authors":"Clement Oppong","doi":"10.1002/bsd2.70115","DOIUrl":"https://doi.org/10.1002/bsd2.70115","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <h3> Background</h3>\u0000 \u0000 <p>The United Nations' Sustainable Development Goals (SDGs) Agenda 2030 is bent on achieving sustainable development with a key focus on governance and accountability. African countries are among the many other nations that face significant challenges such as corruption, weak institutional structures, limited rule of law, and political instability that affect developmental progress.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Aim</h3>\u0000 \u0000 <p>The study explores how these weaknesses can be addressed using governance and accountability as a sustainable development vehicle.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Materials &amp; Methods</h3>\u0000 \u0000 <p>The paper analyzes the composite SDG Index (SDGI) using data from Worldwide Governance Indicators (WGI) and SDGs databases for 48 sub-Saharan countries for the 2016–2020 period. Feasible Generalized Least Squares (FGLS) and Two-Step System Generalised Method of Moments (TS-GMM) were employed for the data analysis.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Results</h3>\u0000 \u0000 <p>The results show that, though regulatory quality and governance effectiveness showed no significant relationship, the control of corruption, rule of law, political stability, and voice and accountability affect SDGI significantly.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Discussion</h3>\u0000 \u0000 <p>The study stresses the importance of governance mechanisms in ensuring that nations achieve SDGs, especially in African countries, where significant governance reforms are needed.</p>\u0000 </section>\u0000 \u0000 <section>\u0000 \u0000 <h3> Conclusion</h3>\u0000 \u0000 <p>It offers unique actionable recommendations that can aid policy formulation and help address systemic challenges. The study adds to academic discourse on how societal well-being could be improved through sustainable development driven by effective governance with the introduction of SDGIs.</p>\u0000 </section>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70115","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143866041","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":"Antecedents to Implementing Green Practices in the Hotel Industry: The Role of Managers' Environmental Attitude, Perceived Organizational Environmental Support and Employees' Green Collaboration","authors":"Alam Husain,&nbsp;Adolfo Carballo-Penela,&nbsp;Emilio Ruzo-Sanmartín","doi":"10.1002/bsd2.70114","DOIUrl":"https://doi.org/10.1002/bsd2.70114","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper examines the role of managerial influence in the implementation of green practices (IGP) within the hotel industry, focusing on three key factors: managers' attitudes toward the environment (MAE), perceived organizational environmental support (POES), and employees' green collaboration (EGC). Drawing upon the Norm Activation Model, the Theory of Planned Behavior, and the Social Exchange Theory, the proposed model was tested using a sample of 190 hotel managers in India. The findings indicate that MAE indirectly influences the implementation of green practices through the managers' intentions to behave. In addition, both POES and EGC are directly related to the IGP. This holds particular relevance for India's hospitality sector, which faces considerable environmental challenges stemming from increasing tourist arrivals. By underscoring the internal antecedents of green practices, we offer practical strategies within managerial control to mitigate the industry's environmental impact.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143871836","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 Environmental Wisdom and Artificial Intelligence: A Transformation Framework for Sustainable Organizations","authors":"Eduardo Carlos Dittmar,&nbsp;Martin Sposato,&nbsp;Jenny Patricia Vargas Portillo","doi":"10.1002/bsd2.70113","DOIUrl":"https://doi.org/10.1002/bsd2.70113","url":null,"abstract":"<div>\u0000 \u0000 <p>The intersection of artificial intelligence (AI) implementation and environmental organizational management presents unique obstacles that demand careful examination and innovative solutions. This research makes three relevant contributions to the field. First, through extensive qualitative research that combines systematic literature review with conceptual analysis, it provides novel frameworks for understanding how environmentally conscious companies navigate the complex terrain of social disruption while maintaining their core environmental missions. Second, drawing from environmental management literature, organizational transformation theories, and industry practices, the research advances new methodological approaches for managing technological integration within these organizations. The findings present a third key contribution by revealing previously unexplored patterns in how successful AI integration in green companies requires sophisticated approaches spanning multiple organizational dimensions: knowledge management systems must be reimagined, leadership development programs need to evolve, and organizational design must adapt to new realities. Beyond these structural changes, organizations must build new frameworks that effectively combine technological capabilities with environmental expertise while carefully managing social impacts. Importantly, the research presents evidence that traditional environmental values need not be sacrificed; rather, they can be preserved and improved through thoughtful integration of AI systems. While the conceptual nature of this study may limit its immediate application across all organizational contexts and scales, further empirical research will be needed to validate the proposed frameworks across specific industry sectors, this work provides valuable insights into the unique issues faced by green companies implementing AI. The study advances the field by offering fresh perspectives on managing the delicate balance between environmental values and technological innovation while presenting original frameworks for understanding and addressing the social dimensions of technological transformation in environmentally conscious organizations. Given the rapid evolution of AI technology, some findings may require regular updates, highlighting the dynamic nature of this field of study.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143861740","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":"The Mirage of Sustainable Development: The Impact of ISO 14001 Certification on Corporate Greenwashing","authors":"Tianqi Wen,&nbsp;Yu Wang","doi":"10.1002/bsd2.70112","DOIUrl":"https://doi.org/10.1002/bsd2.70112","url":null,"abstract":"<div>\u0000 \u0000 <p>As a tool for voluntary environmental regulation, ISO 14001 certification encourages enterprises to adopt substantive environmental practices to promote sustainability. However, many certified companies have been exposed to greenwashing scandals. Based on the fraud triangle theory, this study explores the impact of ISO 14001 certification on corporate greenwashing. This study collects panel data of Chinese-listed companies from 2010 to 2022 using the CSMAR Database and text analysis and applies a Tobit regression model for empirical testing. The results show that ISO 14001 certification has a significant positive effect on greenwashing. In addition, managerial myopia positively moderates the relationship between ISO 14001 certification and greenwashing. Information transparency negatively moderates the relationship between ISO 14001 certification and greenwashing. This study is the first to apply the fraud triangle theory to explore the problems of ISO 14001 certification in the implementation process, providing feasible paths to improve the efficacy of certification.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143865716","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":"Does Corporate Social Responsibility Improve Firm-Level Energy Efficiency? The Case of the Iron and Steel Industries in India","authors":"Baikunthanath Sahoo,&nbsp;Krishna Malakar,&nbsp;Santosh Kumar Sahu","doi":"10.1002/bsd2.70110","DOIUrl":"https://doi.org/10.1002/bsd2.70110","url":null,"abstract":"<div>\u0000 \u0000 <p>We investigate the impact of corporate social responsibility (CSR) on energy efficiency for the Iron and Steel Industries of India. Using firm-level data, the panel fixed effects regression model shows an inverse relationship between CSR and energy intensity, suggesting that a strategic firm's involvement in CSR increases energy efficiency. In addition, businesses with higher CSR spending tend to be more energy efficient; however, the association is not consistently observed across all profit-making CSR firms. Our findings at the disaggregate level suggest that firms that spend beyond the threshold levels experience a visible impact on energy efficiency. Further, CSR expenditure of R&amp;D-intensive firms tends to have higher energy efficiency than their counterparts. We conclude that CSR plays a significant role in enhancing the energy efficiency of a socially and environmentally responsible firm. Thus, environmental sustainability should be one of the priority investment areas for CSR-driven firms in India.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143852585","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":"Environmental, Social, and Governance (ESG) Strategies for Driving Business Performance: Evidence From the Communication Services Industry in Asia","authors":"Valentina Tohang,&nbsp;Desi Adhariani,&nbsp;Evony Silvino Violita","doi":"10.1002/bsd2.70106","DOIUrl":"https://doi.org/10.1002/bsd2.70106","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores the intersection of business strategy and environmental, social, and governance (ESG) pillars within the communication sector. Previous research has primarily examined these elements in isolation, with limited emphasis on their integration within technology-driven industries. In addition, most studies on digital transformation rely on cross-sectional data, leaving a gap in longitudinal research. Addressing these gaps, this study analyzes Asian digital companies, investigating how business strategy influences ESG performance, which in turn, mediates business performance. Findings indicate that business strategy positively impacts ESG performance, ultimately enhancing overall business performance. This research highlights the importance of aligning business strategy with sustainable development in the communication sector. By focusing on longitudinal insights and industry-specific implications, this study contributes to both academic literature and corporate practice. However, the study's regional scope may limit its generalizability. These findings reinforce the strategic advantages of embedding ESG principles within business frameworks, particularly in technology-intensive industries.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143849104","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":"Global Stakeholders and Climate Transparency: Exploring National Governance in ASEAN-5","authors":"Ratieh Widhiastuti,&nbsp;Abdul Rohman,&nbsp;Puji Harto","doi":"10.1002/bsd2.70109","DOIUrl":"https://doi.org/10.1002/bsd2.70109","url":null,"abstract":"<div>\u0000 \u0000 <p>Since climate change has emerged as one of the world's most urgent issues, businesses are under more pressure to make their environmentally friendly operations more transparent. The purpose of this study is to investigate the effect of foreign ownership on climate change disclosure and the role of national governance as a moderating variable. The study was conducted on banking companies in ASEAN-5 countries, namely 305 bank year observations during 2018–2022. Under the legitimacy theory framework, this study found that foreign ownership has a negative effect on climate change disclosure. The study also found that the voice of accountability, governance effectiveness, and regulatory quality weaken the negative effect of foreign ownership on climate change disclosure. The findings recommend that increasing public engagement, regulatory quality, and implementation are more impactful on corporate climate change disclosure than merely maintaining political stability and corruption control. These findings highlight the important role of strong national governance in promoting corporate disclosure and discouraging unethical practices related to environmental disclosure. These findings have been confirmed through robustness tests, such as the monotonic test and heckman two-stage.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 2","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143831203","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}