Business Strategy and Development最新文献

{"title":"AI-Enabled Governance in Traditional Chinese Medicine Enterprise Clusters: A Lifecycle and Stakeholder Perspective for Sustainable Development","authors":"Ying Liu,&nbsp;Theresa C. F. Ho,&nbsp;Rosmini Omar,&nbsp;Binyao Ning","doi":"10.1002/bsd2.70069","DOIUrl":"https://doi.org/10.1002/bsd2.70069","url":null,"abstract":"<div>\u0000 \u0000 <p>Artificial Intelligence (AI) has emerged as a transformative tool for enhancing governance in enterprise clusters, improving competitiveness, and advancing sustainable development goals (SDGs). Despite its potential, the effective application of AI-enabled governance in Traditional Chinese Medicine (TCM) enterprise clusters remains underexplored, particularly given the unique challenges posed by their traditional practices, regulatory frameworks, and diverse stakeholder dynamics. Addressing this gap, this study investigates how AI-enabled governance can optimize the integration of external enterprises into TCM enterprise clusters across different stages of the lifecycle, thereby contributing to sustainable regional development. This study employs a lifecycle model to analyze the integration of external enterprises into TCM clusters, focusing on factors such as unit product costs, policy incentives, and joint action benefits. By comparing cost dynamics before and after cluster entry, this research maps the lifecycle processes of external enterprises and identifies AI-enabled governance tailored to the adaptation, maturity, and decline stages. The findings reveal that proactive and adaptive AI-enabled governance enhances sustainability by reducing costs, improving efficiency, and fostering collaboration among stakeholders. This study provides a dynamic perspective on cluster integration, extending the theoretical framework of organizational research. It offers policymakers and cluster managers actionable insights for leveraging AI-enabled governance to achieve sustainable regional development, foster innovation (SDG 9), promote economic growth (SDG 8).</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143113704","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 Environmentalism and Business Sustainability in Ghana: Prospects and Challenges","authors":"Albert Ahenkan,&nbsp;Emmanuel Boon,&nbsp;Scholastica Akalibey,&nbsp;Eric Nordjo","doi":"10.1002/bsd2.70057","DOIUrl":"https://doi.org/10.1002/bsd2.70057","url":null,"abstract":"<div>\u0000 \u0000 <p>The concept of corporate environmentalism (CE) has gained a lot of global attention in recent years as a potential vehicle to achieve sustainable development. Despite the growing awareness of its importance, there is limited empirical research on the current state of sustainability practices and their implementation among businesses in Ghana. Using a multiple case study design grounded in the qualitative approach, the study dwells on desk reviews of existing literature, corporate sustainability reports, and 10 key informant interviews including policymakers, regulators, academics, and practitioners from diverse industries; this study seeks to examine the (i) drivers and motivators, (ii) prospects, (iii) challenges, and (iv) approaches to scale up CE in Ghana. The results of the study revealed that branding, alignment with the sustainable development agenda, commitment to climate action, stakeholder and regulatory pressure, business resilience, and competitiveness are key drivers motivating companies to adopt environmental sustainability practices. The study identified prospects of CE for companies in Ghana including market demand and consumer awareness. Cost savings and operational efficiency offer significant potential, and access to finance presents opportunities for green initiatives. Reputation and brand enhancement are achievable through sustainability efforts but require consistent communication and stakeholder engagement. However, despite growing momentum, companies face challenges including financial constraints, limited access to environmentally friendly technologies, lack of technical expertise, and weak enforcement of environmental regulations. To overcome these obstacles, the article proposes a number of strategies to advance CE in Ghana.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143113702","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":"Can Sustainability Pay Off? Evaluating ESG Disclosure and Financial Outcomes in Chinese's Health Care Firms","authors":"Joel Victor Dossa","doi":"10.1002/bsd2.70061","DOIUrl":"https://doi.org/10.1002/bsd2.70061","url":null,"abstract":"<div>\u0000 \u0000 <p>This study analyzes the influence of environmental, social, and governance disclosure (ESG) on the financial performance (FP) of health care firms listed in Shanghai and Shenzhen Stock Exchange Markets in China. Based on both stakeholder and signaling theory, using panel data from 2012 to 2022 Ordinary Least Squares (OLS) and System Generalized Method of Moments (GMM), we investigate the influence of ESG overall disclosure score together with their individual components (environmental, social, and governance) on the FP of health care firms. We find that ESG activities have a significant positive impact on the company's both accounting and market-based measures of performance. In addition, governance and social activities have a positive significant effect on FP. However, environmental activities and disclosure were negatively and significantly associated with FP. The study provides novel insights by describing the nuanced financial trade-offs of ESG practices in a highly regulated and capital-intensive industry like health care. It contributes to the literature by emphasizing that although environmental investments may hinder short-term FP, strong governance and social activities remain essential drivers of sustainable performance in health care. The study provides empirical insights on how ESG practices impact FP in the health care industry and complements the available literature on the economic efficiency of ESG performance, particularly in FP. This calls for more refined ESG strategies tailored to sector-specific realities.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143113270","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 Competitive Advantage and Sustainable Development: The Moderating Role of Value Creation for Stakeholders in Ethiopian SMEs","authors":"Abebe Techan Tolossa,&nbsp;Manjit Singh,&nbsp;Raj Kumar Gautam","doi":"10.1002/bsd2.70066","DOIUrl":"https://doi.org/10.1002/bsd2.70066","url":null,"abstract":"<div>\u0000 \u0000 <p>The pursuit of sustainable development has become a crucial priority for businesses globally. Small and Medium Enterprises (SMEs), which form the backbone of many economies, are essential in driving this agenda. However, the challenge of balancing economic growth with environmental stewardship and social responsibility is particularly pronounced for SMEs in developing countries like Ethiopia. This study explores the complex interplay between competitive advantage, sustainable development, and the moderating role of value creation for stakeholders in Ethiopian SMEs. By investigating how SMEs can generate value for various stakeholders while simultaneously strengthening their competitive edge and promoting sustainable development, the research seeks to provide strategic insights for long-term success. Utilizing a mixed-methods approach, data were gathered from 387 SME employees in the Oromia Regional State via a self-administered Likert-scale questionnaire. The analysis, conducted through structural equation modeling, indicates that competitive advantage positively affects sustainable development. Additionally, the study highlights that value creation for stakeholders significantly moderates this relationship, amplifying the positive influence of competitive advantage on sustainable development. These findings emphasize the importance of prioritizing stakeholder engagement in fostering sustainable business practices. The research contributes to understanding SME sustainability by offering actionable recommendations for policymakers, industry leaders, and academics committed to building competitive and sustainable SMEs in Ethiopia.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143112611","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":"Decent Work in the Digital Context: Scale Development and Validation","authors":"Susanti Saragih,&nbsp;Henndy Ginting,&nbsp;Jann Hidajat Tjakraatmadja,&nbsp;Andika Putra Pratama","doi":"10.1002/bsd2.70058","DOIUrl":"https://doi.org/10.1002/bsd2.70058","url":null,"abstract":"<div>\u0000 \u0000 <p>The increasing prevalence of digital technology has reshaped higher education and influenced lecturers' perceptions and experiences of their work. Traditional measures of decent work often fail to capture the unique challenges and opportunities offered by digital contexts. This study aimed to address this gap by developing and validating a new scale to measure perceived decent work (PDW) in the digital age. The initial phase of the study involved a comprehensive investigation of 175 lecturers' perceptions of decent work, which led to the identification of six key dimensions. The second study expanded the scope to include 234 employees from various industries, further validating the scale's reliability and applicability. This study makes a valuable contribution to the field by providing a robust tool for assessing PDW at the individual level. These findings have profound implications for both academic research and practical applications, enabling a deeper understanding of the impact of digital technologies on work experiences and informing strategies to promote decent work in an evolving digital landscape.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143112647","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":"How Climate Change Anxiety Enhances Sustainable Trust and Consumption Behavior: Evidence From Vietnam and Italy","authors":"Khoi Minh Nguyen,&nbsp;Ngan Thanh Nguyen,&nbsp;Tra Linh Ngo,&nbsp;Thuy Thu Le","doi":"10.1002/bsd2.70063","DOIUrl":"https://doi.org/10.1002/bsd2.70063","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores the intricate associations between climate change anxiety, sustainable trust and three aspects of sustainable consumption behaviors (quality of life, care for environment and care for future generations) among consumers in Vietnam and Italy, with a focus on the moderating role of nature connectedness and hyperopia psychology. Employing an exploratory sequential mixed-methods approach that integrates both qualitative and quantitative techniques, the study initially conducted 20 in-depth interviews to gain insights into the interplay between climate change-related factors, trust, and sustainable consumer behaviors, which helped to formulate the quantitative research framework. Subsequently, a quantitative approach was utilized, gathering 681 online surveys from Vietnamese and Italian consumers, with the data assessed through structural equation modeling using SmartPLS software. This study is the first to reveal crucial theoretical insights into how climate change anxiety and sustainable trust, affected by climate change risk perception and climate change knowledge, impact three aspects of sustainable consumption behaviors: quality of life, care for the environment, and care for future generations. These effects are positively moderated by hyperopia and nature connectedness, providing profound understanding of consumer behavior between the two regions within sustainable consumption amid the urgent global climate change crisis. Scholars benefit from an enriched understanding of consumer behaviors amidst climate change anxiety, while policymakers, businesses, and advocates gain actionable insights to drive effective climate mitigation and adaptation strategies, which contributes to advancing the United Nations' Sustainable Development Goals.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143112648","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":"Paradox of Sustainable Growth: The Interplay Between Small and Medium Enterprises and Non-governmental Organizations and Government Helix","authors":"Ariful Islam,&nbsp;Md Asadul Islam,&nbsp;Mohammad Imtiaz Hossain,&nbsp;Danjuma T. Nimfa,&nbsp;Shehnaz Tehseen","doi":"10.1002/bsd2.70054","DOIUrl":"https://doi.org/10.1002/bsd2.70054","url":null,"abstract":"<div>\u0000 \u0000 <p>Small and medium enterprises (SMEs) are the effective economic engines of most developing countries. Unfortunately, due to resource constraints, the failure rate of SMEs is relatively high, prompting scholars and practitioners to explore potential solutions. Here, the collaboration between SMEs and non-government organizations (NGOs), supported and guided by governments, can play a strategic role in overcoming resource constraints and promoting sustainable growth. Islamic NGOs can provide Sharia-based financial support, capacity building, and mentorship to SMEs, especially those owned by Muslim entrepreneurs. Therefore, the goal of this study is to establish a conceptual framework for strategic collaboration between SMEs, conventional NGOs, Islamic NGOs, and governments, with the aim of promoting sustainable growth. A rigorous PICO-based SLR identified 112 relevant articles. In-depth analysis using thematic and content approaches, alongside the ADO framework, ensured a robust foundation for the proposed conceptual model. The implementation of methodical procedures further enhanced the rigor of the analysis, ensuring both reliability and validity. The study has devised a strategic collaboration paradigm for the sustainable growth of SMEs, considering the functions of both conventional and Islamic NGOs. This paradigm encompasses innovative financial options, technology transfer, and innovation, value sharing in the supply chain, capacity building and skill development, as well as stakeholder engagement. The results also highlight how important it is for government regulations and policies to be effective from a Helix viewpoint in order to guarantee the long-term success of SMEs. Additionally, the obtained model has the potential to advance SDG 13 (climate action) and SDG 17 (partnerships for the goals) by fostering cross-sector collaborations among SMEs and other important stakeholders.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143120966","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":"Audit Committee Characteristics and Sustainable Firms' Performance: Evidence From the Financial Sector in Bangladesh","authors":"Rejaul Karim,&nbsp;Md. Mustaqim Roshid,&nbsp;Bablu Kumar Dhar,&nbsp;Md. Nahiduzzaman,&nbsp;Bapon Chandra Kuri","doi":"10.1002/bsd2.70059","DOIUrl":"https://doi.org/10.1002/bsd2.70059","url":null,"abstract":"<p>This study examines how audit committee characteristics influence sustainable firms' performance within Bangladeshi commercial banks. Using data from 26 publicly traded banks over 13 years (2011–2023), this research investigates the impact of audit committee size, independence, and meeting frequency on both financial and market-based performance metrics. Specifically, the findings reveal that larger audit committees (ACs) are associated with higher market valuation, indicating that committee size contributes to strategic oversight and governance effectiveness. Independent audit committee members also enhance both financial (Return on Assets) and market-based (Tobin's Q) performance, underscoring their role in promoting transparency, accountability, and alignment with sustainable goals. However, frequent audit committee meetings correlate with diminished performance, suggesting that overly frequent sessions may lead to inefficiencies rather than improved oversight. These results indicate that structuring ACs with balanced size and independence and avoiding excessive meetings, is essential to support sustainable growth, particularly in emerging economies such as Bangladesh. The study contributes to corporate governance and sustainability literature by providing empirical insights into audit committee practices that align governance structures with long-term corporate strategy and sustainable growth. Practical implications include the potential for regulatory reforms that enhance corporate governance, focusing on committee composition and meeting practices to foster sustainable firm performance in the financial sector.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70059","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143118923","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":"Effects of Product Transformation Salience on Green Brand Coolness and Green Purchase Intentions in Vietnam: Consumer Traceability Knowledge as Moderator","authors":"Truc Thanh Le,&nbsp;Hung Thanh Tang-Le","doi":"10.1002/bsd2.70056","DOIUrl":"https://doi.org/10.1002/bsd2.70056","url":null,"abstract":"<div>\u0000 \u0000 <p>Drawing on the attribution and signaling theories, this study aims to investigate the associations between product transformation salience (PTS), perceived green brand coolness (PGBC), green purchase intention (GPI), and consumer traceability knowledge (CTK) in Vietnam. We assess the research model by implementing partial least squares–structural equation modeling with a sample of 245 Vietnamese consumers. PTS positively affects GPI and PGBC, whereas PGBC positively impacts GPI and positively mediates the impact of PTS on GPI. CTK negatively moderates the effect of PTS on GPI, whereas the mediating impact of PGBC on the association between PTS and GPI is not conditional on CTK. PTS messaging is effective in increasing the perceived coolness of the brand and Vietnamese consumers' intention to purchase green goods. However, as consumers become more versed in digitally tracing products, the positive impact of PTS messaging on their GPI weakens. The study provides theoretical and managerial implications.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143118924","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":"Sustainable Consumer Behaviour in the Fast-Moving Consumer Goods Sector: Moderating Role of Competitive Intensity in Green Marketing","authors":"Tuan Khanh Vuong,&nbsp;Thuy Ngoc Lam,&nbsp;Ha Manh Bui","doi":"10.1002/bsd2.70047","DOIUrl":"https://doi.org/10.1002/bsd2.70047","url":null,"abstract":"<div>\u0000 \u0000 <p>The fast-moving consumer goods (FMCG) sector plays a crucial role in shaping consumer behaviour and supporting the sustainable development goals (SDGs), particularly in emerging markets like Ho Chi Minh City (HCMC), Vietnam. This study investigates the impact of green marketing activities such as green brand positioning (GBP), green product innovation (GPI), green distribution (GRD), green pricing (GRP) and green advertising (GRA) on consumer purchase intentions for green products in the FMCG sector. It also explores the moderating role of competitive intensity (COI) in these relationships. Data were collected from 340 consumers in HCMC, with 291 valid responses analysed using SmartPLS. The findings reveal a positive relationship between green marketing strategies and consumer purchase intentions. COI was not found to moderate the effects of GBP, GRA on consumer's purchase intentions for green products in HCMC. These insights highlight the importance of green marketing in promoting sustainable consumer behaviour, suggesting that FMCG companies in HCMC can enhance environmental sustainability by offering eco-friendly products and aligning their marketing strategies with SDG 12 (Responsible Consumption and Production) and SDG 13 (Climate Action). This study contributes to the academic literature by addressing gaps in our understanding the interplay between green marketing and COI in emerging markets.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"7 4","pages":""},"PeriodicalIF":4.8,"publicationDate":"2024-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142860442","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}