Business Strategy and Development最新文献

{"title":"Navigating disturbances in developing countries: Resilience strategies for cross-sector partnerships","authors":"Tamara Oukes,&nbsp;Stefanie Beninger,&nbsp;Milou Derks,&nbsp;André Nijhof","doi":"10.1002/bsd2.70020","DOIUrl":"https://doi.org/10.1002/bsd2.70020","url":null,"abstract":"<p>The world faces significant challenges, particularly in low-income countries, where cross-sector partnerships strive to create positive social change. Operating under severe uncertainty, these partnerships encounter various disturbances threatening their progress. Despite these challenges, our study explores the resilience strategies that these partnerships use to foster positive social change, an area previously underexplored. Our study uses a qualitative multiple-case study of four cross-sector partnerships in sub-Saharan Africa. Specifically, we collected data via interviews, workshops, and archival sources and used thematic analysis to uncover key resilience strategies. Our findings reveal a cyclical process where, when facing disturbances, cross-sector partnerships respond with resilience strategies that help them mitigate disruptions, adapt to changing conditions, and continue expanding their positive impact. In doing so, they drive positive social change through core activities within their socio-ecological system. This research expands existing theories of organizational resilience by highlighting how cross-sector partnerships in low-income contexts can not only survive, but also expand their impact of positive social change, through resilience.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70020","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142404743","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":"Diverse boards and firm performance: The strategic role of carbon disclosure in heavily polluting companies in Bangladesh","authors":"Bablu Kumar Dhar,&nbsp;Mosharrof Hosen,&nbsp;Mehmet Bağış,&nbsp;Maria José Sousa,&nbsp;Kazi Masuma Khatun","doi":"10.1002/bsd2.70017","DOIUrl":"https://doi.org/10.1002/bsd2.70017","url":null,"abstract":"<p>This study investigates the strategic role of carbon disclosure in shaping firm performance and board heterogeneity among heavily polluting companies in Bangladesh from 2013 to 2023. Using empirical data from 150 companies listed on the Dhaka Stock Exchange, the research examines the impact of board diversity—specifically gender, tenure, and educational heterogeneity—on carbon disclosure practices. The findings reveal that board gender and tenure heterogeneity negatively affect carbon disclosure, whereas educational heterogeneity has a positive impact. Additionally, firm performance shows a negative effect on carbon disclosure but does not significantly moderate the influence of board heterogeneity. These results underscore the importance of board diversity in enhancing carbon disclosure practices, thereby contributing to improved environmental management and firm performance in heavily polluting industries in Bangladesh. This research, grounded in legitimacy theory, stakeholder theory, and corporate governance literature, provides valuable insights for academics, practitioners, and policymakers focused on business strategies for environmental sustainability.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142404357","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 synergies: Business intelligence nexus with environmental and financial performance in Bangladeshi manufacturing firms","authors":"Md. Mominur Rahman,&nbsp;Munshi Muhammad Abdul Kader Jilani","doi":"10.1002/bsd2.70013","DOIUrl":"https://doi.org/10.1002/bsd2.70013","url":null,"abstract":"<p>In recent years, the rise in the utilization of business intelligence (BI) as a pivotal tool for enhancing economic performance has spurred considerable interest. This study, anchored in resource-based theory, delves into the intricate relationships among BI, environmental performance (EP), financial performance (FP), green accounting (GA), and energy efficiency (EE) within manufacturing firms in Bangladesh. Employing a multistage stratified random sampling technique, a structured questionnaire was administered to 368 participants over 5 months starting in June 2023. The study employs a comprehensive analytical method that includes disjoint two-stage PLS-based structural equation modeling, artificial neural networks, and fuzzy set qualitative comparative analysis to ensure robust and insightful results. The findings highlight the positive and significant impact of BI on EP, FP, GA, and EE for manufacturing firms, demonstrating the efficacy of BI in driving improvements across environmental and financial metrics. Notably, the study unveils the mediating effects of EE between GA and FP, as well as between BI and FP, emphasizing the crucial role of EE in bolstering financial outcomes. Moreover, EP emerges as a mediator between BI and GA, underscoring the connectedness of these constructs within the organizational frame. Pioneering in offering a BI-integrated concepts for environmental and FP, exploring mediating effects, and applying the integrated modeling approach, this research provides theoretical insights and practical implications, offering valuable guidance for stakeholders aiming to leverage BI strategies effectively.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142404356","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":"Driving environmental sustainability in emerging economies: The nexus of green finance, foreign direct investment, financial development, and green technology innovation","authors":"Ravita Kharb,&nbsp;Neha Saini,&nbsp;Dinesh Kumar","doi":"10.1002/bsd2.70008","DOIUrl":"https://doi.org/10.1002/bsd2.70008","url":null,"abstract":"<p>The relevance of environmental sustainability has grown significantly among academics, professionals, and the general public. A variety of factors influence an economy's ability to support its environmental sustainability. Foreign direct investment (FDI), financial development (FD), green technological innovation (GTI), and green finance (GF) are pillars that hold the key to accomplishing sustainability goals. Despite extensive studies on the factors influencing green finance, there remains a gap in grasping the impact of green finance and various investment factors on environmental sustainability. The study's objective is to analyze the relationship between ecological sustainability, green financing, FDI, innovative green technologies, and FD in developing countries. The study employed a fixed effect and random effect model with robustness analysis to gain an empirical understanding of the relationship. The findings highlighted that green finance plays a crucial role in green technologies and encourages economies to embrace sustainability. It also supports the pollution haven hypothesis (PHH) and the understanding that an increase in FDI has a positive relationship with carbon emission. The study makes a significant novel contribution by analyzing the combined influence of financial and green technological development on environmental sustainability. The numerous theoretical and practical implications for addressing the constraints posed by the PHH include tightening domestic legislation, developing international cooperation, and pushing the adoption of cleaner technology throughout industries. It helps governments enact effective environmental regulations to encourage green investment and technological innovation to have a beneficial knock-on effect on cutting ecological sustainability.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142404812","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":"Organizational sensemaking and environmental performance: A longitudinal study of publicly traded firms' sustainability reports","authors":"Guillaume C. F. Pain,&nbsp;Raymond L. Paquin,&nbsp;Suzanne G. Tilleman","doi":"10.1002/bsd2.70014","DOIUrl":"https://doi.org/10.1002/bsd2.70014","url":null,"abstract":"<p>Environmental strategy research has often used organizational interpretation as a key lens for understanding how firms engage in sensemaking around natural environmental issues and environmental performance. This work has rarely empirically tested the proposed relationships of organizational interpretation in firms' sensemaking around environmental issues nor the relationship between firms' environmental sensemaking and environmental performance. We empirically test this relationship, capturing environmental sensemaking through computer-aided text analysis (CATA) of published sustainability reports, and environmental performance with the Trucost environmental dataset. Mixed-effects general linear modeling on a bespoke longitudinal dataset of 117 publicly traded companies from 2005 to 2018 reveals the three stages of the organization interpretation model of sensemaking—scanning, interpreting, and responding—align as expected. We also find firms' environmental scanning relates with year-over-year improvement in environmental performance, yet environmental interpreting correlates with worsening environmental performance. Additionally, larger firms and firms in industries with high carbon emissions gather more environmental data and exhibit more extensive environmental interpreting. This research provides insight for scholars by testing environmental sensemaking and exploring the boundary conditions of sensemaking and performance, and for practitioners and policymakers by offering a new framework for analyzing and interpreting sustainability reports and corporate environmental performance.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70014","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142404816","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 interplay of corporate governance, internal audit effectiveness, and sustainable financial reporting quality in Tanzanian commercial banks","authors":"Zawadi Ally","doi":"10.1002/bsd2.70016","DOIUrl":"https://doi.org/10.1002/bsd2.70016","url":null,"abstract":"<p>This paper investigates the relationship between internal audit effectiveness, corporate governance attributes, and sustainable financial reporting quality within Tanzanian commercial banks. Grounded by agency cost theory to provide new insights into the determinants of financial reporting quality in a developing country context. A cross-sectional and correlational research design was employed, utilizing a structured questionnaire distributed to 150 respondents across a representative sample of Tanzanian commercial banks. Data analysis was conducted using multiple linear regression techniques, with comprehensive diagnostic tests to ensure the robustness of the findings. The results indicate that larger board sizes and proactive board role performance significantly enhance financial reporting quality, reflecting the importance of strong governance structures. Board independence showed a significant impact on financial reporting quality, suggesting that board independence with active engagement contributes to financial reporting quality. Internal audit quality also emerged as a critical predictor of reliable financial reporting, underscoring the role of internal audit in promoting transparency and accountability. These findings contribute to the ongoing debate in corporate governance literature by providing evidence from a developing country perspective, highlighting the nuanced roles of governance and audit in shaping financial reporting quality. This study fills a key gap in the literature by focusing on the Tanzanian banking sector, offering practical recommendations for policymakers and practitioners aimed at enhancing the integrity of financial reporting. Policymakers should emphasize board independence and the active involvement of board members and strengthen internal audit functions to improve reporting transparency and accountability.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142328530","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":"Impact of corporate social responsibility on sustainable agriculture and livelihood of farmers","authors":"Shuchi Benara Misra,&nbsp;Sneha Kumari,&nbsp;Varun Miglani","doi":"10.1002/bsd2.70007","DOIUrl":"https://doi.org/10.1002/bsd2.70007","url":null,"abstract":"<p>Rural areas have low levels of advancement and access to resources compared to urban regions, and elevating these regions is fundamental for accomplishing balanced and sustainable development. Rural uplifting typically includes a range of interventions, and by drawing in local stakeholders, rural uplifting projects can make sustainable arrangements that are custom-made for each community's unique difficulties and opportunities. Corporate social responsibility (CSR) can contribute to and aid the government's efforts in rural development. CybageAsha's (CSR department of Cybage Software) flagship programs seek to improve rural communities through sustainable solutions. These encompass income-generating interventions using contemporary agricultural methods as well as infrastructure development. This article analyses the impact of agricultural interventions on the farmers' livelihoods carried out by CybageAsha in 19 villages across the Pune district (India) by using the <i>t</i>-test and difference-in-difference approach. Findings reveal that the shift from traditional farming methods to adopting new farming methods among beneficiaries has added value in improving the beneficiaries' yields, incomes, skills, and livelihood. CybageAsha's interventions positively impacted the beneficiaries, contributing to agricultural development, livelihood improvement, income generation, and a decline in migration. However, there is a need for continuous support and improvement to sustain the benefits for farmers. The article provides a new understanding for researchers and practitioners about the CSR approaches towards agricultural development. Addressing the challenges and concerns identified in the data analysis will further enhance the effectiveness of rural uplifting initiatives.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142320594","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":"Toward sustainable development: The triple nexus for enhanced supply chain performance through information technology, resilience, and sustainability integration","authors":"Umma Habiba Sadia,&nbsp;Da Liu,&nbsp;Muhammad Irfan","doi":"10.1002/bsd2.70019","DOIUrl":"https://doi.org/10.1002/bsd2.70019","url":null,"abstract":"<p>The dynamic interaction between supply chain resilience (SCR) and sustainability has become a crucial area of study in the evolving business landscape. While research has made strides in connecting information technology (IT) and SCR, a gap remains in understanding how sustainability dimensions integrate into these aspects, particularly in socio-economically and environmentally challenged countries. This study aims to address this gap by investigating how IT and SCR contribute to enhancing overall supply chain performance, with a specific focus on the role of social (SS), environmental (ENS), and economic (ECS) sustainability dimensions. To achieve this, we formulated hypotheses that were tested using structural equation modeling, based on data from a sample of 321 apparel enterprises in Bangladesh. The findings reveal that IT significantly enhances resilience, while SCR does not directly improve supply chain performance when sustainability dimensions are considered. However, SCR positively influences all dimensions of sustainability, underscoring the importance of the combined strength of IT and SCR for achieving enduring sustainability in an uncertain world. Moreover, the results show that the triad of sustainability (SS, ENS, and ECS) fully mediates the relationship between resilience and supply chain performance, serving as the linchpin that binds and strengthens these elements. This research advances the understanding of the interplay between IT, resilience, and sustainability, providing valuable guidance for policymakers and sustainability professionals. Moreover, by integrating sustainability into IT and resilience strategies, organizations can enhance their supply chain performance and ensure long-term success.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142313396","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 “Do not walk into darkness in greenhushing: A cross-cultural study on why Chinese and South Korean corporations engage in greenhushing behavior”","authors":"","doi":"10.1002/bsd2.70018","DOIUrl":"https://doi.org/10.1002/bsd2.70018","url":null,"abstract":"<p>\u0000 <span>Tao, Z.</span> (<span>2024</span>). <span>Do not walk intodarkness in greenhushing: A cross-cultural study on whyChinese and South Korean corporations engage ingreenhushing behavior</span>. <i>Business Strategy &amp; Development</i>, <span>7</span>(<span>2</span>),e401. https://doi.org/10.1002/bsd2.401\u0000 </p><p>In this paper, the reference of “Branding, A. (2012). Strategically leveraging corporate social responsibility. California Management Review, 54(3).” was incorrect.</p><p>This reference should be revised to the following: “Vallaster, C., Lindgreen, A., &amp; Maon, F. (2012). Strategically leveraging corporate social responsibility: A corporate branding perspective. California Management Review, 54(3), 34-60.”</p><p>A total of 3 citations of this error are cited in this paper, and they should read as shown below:</p><p>In paragraph 2 of the “INTRODUCTION” section, the text “According to Branding (2012), greenhushing organizations are “unrecognized ethical businesses” that fail to integrate sustainability into their brand image.” was incorrect. This should have read: “According to Vallaster, Lindgreen, and Maon (2012), greenhushing organizations are “unrecognized ethical businesses” that fail to integrate sustainability into their brand image.”</p><p>In paragraph 3 of the “INTRODUCTION” section, the text “Studies have shown that this phenomenon often occurs when corporations are worried that their environmental initiatives might trigger negative responses or be misunderstood (Branding, 2012; Lindsey, 2016)” was incorrect. This should have read: “Studies have shown that this phenomenon often occurs when corporations are worried that their environmental initiatives might trigger negative responses or be misunderstood (Vallaster, Lindgreen, &amp; Maon, 2012; Lindsey, 2016).”</p><p>In paragraph 3 of the “INTRODUCTION” section, the text “Additionally, research indicates that the reasons behind corporations' greenhushing strategies can be classified into motives for cost-saving (Falchi et al., 2022; Koh et al., 2018), motives for risk aversion (Branding, 2012; Cheng et al., 2024; Coles et al., 2017),” was incorrect. This should have read: “Additionally, research indicates that the reasons behind corporations' greenhushing strategies can be classified into motives for cost-saving (Falchi et al., 2022; Koh et al., 2018), motives for risk aversion (Vallaster, Lindgreen, &amp; Maon, 2012; Cheng et al., 2024; Coles et al., 2017),”</p><p>We apologize for these errors.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70018","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142313280","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":"Corporate environmental behavior toward sustainable development: Motivations, benefits, and challenges of ISO 14001 adoption at Japanese subsidiaries in Thailand","authors":"Reo Hirata,&nbsp;Dimiter S. Ialnazov","doi":"10.1002/bsd2.70015","DOIUrl":"https://doi.org/10.1002/bsd2.70015","url":null,"abstract":"<p>Since the Earth Summit held in Rio de Janeiro in 1992, ISO 14001 has become an internationally recognized environmental management system that has spread all over the world. The existing literature has examined in detail the motivations, benefits, and challenges of ISO 14001 adoption in developed countries. However, there is a relative lack of studies on the adoption of ISO 14001 by the subsidiaries of multinational corporations (MNCs) in developing countries, and in Thailand in particular. This paper investigates the motivations, benefits, and challenges of ISO 14001 adoption at Japanese subsidiaries in Thailand based on the results of a questionnaire survey of 100 subsidiaries and a semi-structured interview survey of 11 subsidiaries. We find that the main motivations are pressures by the national and local governments, as well as by the customers. In addition to the tax incentives, the main benefits are gaining competitiveness, enhancing the corporate image, and maintaining efficient management. We also identify the following challenges: the costs of ISO 14001 adoption, and the training and awareness of the employees. Compared with the existing literature, we find some new motivations, benefits, and challenges related to the local context of ISO 14001 adoption. Although our results are valid only for the Japanese subsidiaries in Thailand, the in-depth understanding of the motivations, benefits, and challenges of ISO 14001 adoption may contribute to the expanding literature about corporate environmental behavior toward sustainable development.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 3","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70015","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142313374","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}