Yaşar Oz, Fatma Sönmez Cakir, İsmail Fatih Ceyhan, Ahmet Zelka, Halim Akbulut
{"title":"Barriers of Blockchain in Sustainability Reporting: An Application With Fuzzy AHP","authors":"Yaşar Oz, Fatma Sönmez Cakir, İsmail Fatih Ceyhan, Ahmet Zelka, Halim Akbulut","doi":"10.1002/bsd2.70077","DOIUrl":"https://doi.org/10.1002/bsd2.70077","url":null,"abstract":"<div>\u0000 \u0000 <p>Sustainability Reporting, which is a non-financial reporting, is an important practice that includes measuring and reporting the social, environmental, and economic impacts of an organization. The accuracy and transparency of these reports is a crucial factor for consumers and investors. Blockchain technology is seen as a tool that can increase the accuracy and transparency of sustainability reporting by offering a decentralized and transparent system. However, there are barriers to the use and adoption of blockchain technology. Studies reveal technological, institutional, organizational, and environmental factors. Integration issues between different blockchain networks can threaten data integrity and accuracy. In addition, problems such as high energy consumption and low transaction speed can also affect the sustainability of blockchain technology. In the study, the barriers to the use of blockchain technology in sustainability reporting were analysed. For this purpose, the criteria determined were presented to expert opinions and criterion weighting was made with the Fuzzy AHP method. The most important results from the study show that resistance to change, the idea that the system works at a limited capacity, and the lack of trust in the system are the most affecting barriers preventing the adoption of blockchain technology in this space.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143362601","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 “Sustainable Consumer Behaviour in the Fast-Moving Consumer Goods Sector: Moderating Role of Competitive Intensity in Green Marketing”","authors":"","doi":"10.1002/bsd2.70073","DOIUrl":"https://doi.org/10.1002/bsd2.70073","url":null,"abstract":"<p>Bui, H. M. 2024. “Sustainable Consumer Behaviour in the Fast-Moving Consumer Goods Sector: Moderating Role of Competitive Intensity in Green Marketing.” <i>Business Strategy & Development</i>. https://doi.org/10.1002/bsd2.70047.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70073","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143248388","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":"Impact of ESG Disclosures on Corporate Financial Performance: An Industry-Specific Analysis of Indian Firms","authors":"Paridhi, Ritika","doi":"10.1002/bsd2.70055","DOIUrl":"https://doi.org/10.1002/bsd2.70055","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates the relationship between environmental, social, and governance (ESG) practices and return on assets (ROA) in Indian companies, focusing on industry-specific variations. Using 10 years of panel data across resource-intensive, consumer-facing, and service sectors, the analysis employs the system generalized method of moments (GMM) for robust estimation. The results reveal a positive overall effect of ESG practices on ROA, with significant differences across industries. The study uses the categorization of resource-intensive, consumer-facing, and service industries to examine the differential effects of ESG factors on ROA. However, environmental scores do not significantly impact ROA, suggesting uniform effects across industries. Social scores enhance ROA without notable industry-specific differences, while governance scores show varying effects, indicating sector-specific drivers of profitability. The analysis also highlights the moderating effects of industry categories on the ESG–ROA relationship, suggesting that the impact of ESG practices varies across different sectors. The study also considers the economic effects of COVID-19, highlighting its marginal impact on ROA and the need for resilient financial strategies. However, the moderating effect of COVID-19 on this relationship was not significant, indicating limited variation in the ESG–ROA dynamics during the pandemic period except in the governance model. These findings suggest that tailored ESG strategies, aligned with industry-specific challenges, can optimize financial performance. Policymakers and investors are encouraged to focus on sector-specific ESG practices to better evaluate company performance and formulate effective regulations. This research contributes to the emerging market context by emphasizing the importance of industry-specific ESG integration for enhancing financial outcomes.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143111178","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 “Paradox of Sustainable Growth: The Interplay Between Small and Medium Enterprises and Non-Governmental Organizations and Government Helix”","authors":"","doi":"10.1002/bsd2.70071","DOIUrl":"https://doi.org/10.1002/bsd2.70071","url":null,"abstract":"<p>Islam, A., Islam, M.A., Hossain, M.I., Nimfa, D.T. and Tehseen, S. (2025), Paradox of Sustainable Growth: The Interplay Between Small and Medium Enterprises and Non-governmental Organizations and Government Helix. Bus Strat Dev, 8: e70054. https://doi.org/10.1002/bsd2.70054</p><p>We believe the paragraph below in the introduction section is redundant and could be removed to enhance the conciseness and flow of the paper.</p><p>Concurrently studies by Harangozó and Zilahy (2015), Lin and Darnall (2015), Sarbazvatan (2022), and Tubey (2012) provide valuable insights, there remains a significant gap in models specifically designed to leverage the unique capabilities of both conventional and Islamic NGOs for sustainable growth of SMEs. This gap highlights the critical importance of a supportive governmental framework (Jamali, Yianni, and Abdallah 2011; Takyi, Naidoo, and Dogbe 2022) in fostering successful strategic collaborations. It is essential to evaluate the impact of specific regulatory changes (He et al. 2020) on the strategic collaboration landscape (Bello-Bravo and Amoa-Mensa 2019), as well as to establish best practices for future policy development (Jean Francois Ragodoo 2011). A successful regulatory environment for collaboration should be culturally sensitive, respecting various religious and ethical perspectives, and transparent and accountable.</p><p>We apologize for this error.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70071","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143120080","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}
Snehal Govardhan, Balkrishna Eknath Narkhede, Rakesh D. Raut, Linda L. Zhang, Sudishna Ghoshal
{"title":"Significance of Industry 4.0 in Achieving Sustainable Performance Across Supply Chains—A Research Perspective","authors":"Snehal Govardhan, Balkrishna Eknath Narkhede, Rakesh D. Raut, Linda L. Zhang, Sudishna Ghoshal","doi":"10.1002/bsd2.70064","DOIUrl":"https://doi.org/10.1002/bsd2.70064","url":null,"abstract":"<div>\u0000 \u0000 <p>The enabling technologies in Industry 4.0 (I4.0) are leading to dramatic transformations of supply chains and helping organizations achieve sustainable development goals. With ever-increasing pressure from regulators and customers to adopt environment-friendly business practices, achieving sustainable development goals has become critical for any organization. Thus, the seamless deployment of various enabling technologies in I4.0 is vital for managing and enhancing sustainable supply chain performance (SSCP). Adopting enabling technologies across supply chains and their implications on sustainable performance is an emerging area that needs extensive academic research and lasting attention from the practice. This paper examines the adoption of I4.0's digital technologies in the context of SSCP. Bibliometric literature review (SLR) methodology and bibliometric analysis are conducted to analyze the existing literature in SSCP. Moreover, cocitation network analysis and coword analysis are carried out to determine different themes of the literature. Integrating I4.0's enabling technologies is indispensable for enhancing supply chains' social, economic, and environmental performance. The conceptual framework proposed for realizing SSCP based on the I4.0's enabling technologies is a novel contribution. It encompasses competitive advantages, supply chain strategies, and all three aspects of sustainability across a supply chain. This study suggests a framework that contributes to SSCP by adopting I4.0's enabling technologies. Moreover, it identifies a future scope for quantitative research on the contribution of particular I4.0 technologies in dimensions of sustainable supply chains.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117839","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 Equity Index Dynamic: Connectedness and Information Asymmetry in Emerging Markets","authors":"Rajesh Bhue, Umakanta Gartia, Ajaya Kumar Panda, Swagatika Nanda","doi":"10.1002/bsd2.70072","DOIUrl":"https://doi.org/10.1002/bsd2.70072","url":null,"abstract":"<div>\u0000 \u0000 <p>The aim of the study is to investigate the evidence of information asymmetry, dynamic connectedness, and volatility spillover among ESG equity indices of emerging market economies. Using Sign bias test and GARCH family models, the study finds that ESG equity indices have a leverage effect, significantly impacted by bad news over good news shock. The study has used FIGARCH model to measure the persistence of long-memory effects across the emerging market. Further, to ensure the interconnection between ESG equity indices that may arise due to the persistence of long-memory effects, the stusy has examined estimates of TVP-VAR, and finds moderate interconnection between ESG equity indices. To be specific, ESG equity indices of the Philippines, Indonesia, Korea, Singapore, and India are more sensitive to receiving any sustainable innovation shocks from Brazil, South Africa, and Mexican ESG indices. The study finds significant bidirectional relationships between the ESG equity indices of “Philippines and Brazil,” “Indonesia and India,” and “South Africa and Mexico” that may lead to the spreading of market contagion in the presence of more substantial leverage effects with a long memory. This research offers insights for investors to consider sustainable equity assets for efficient portfolio diversification, mitigating environmental, social, and governance risks associated with volatility spillovers and dynamic connectedness. Policymakers may refer the findings of the study to design effective ESG regulations, for reducing risk in global financial system. Since the pandemic has produced more economic and financial instability in emerging markets, investors and regulators may pay more attention to return and volatility connectivity among ESG equity indices and financial markets to safeguard investment and restore market stability.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117866","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 Impact of the Institutional Quality on the Development of Sustainable Innovation: A Multilevel Analysis","authors":"Agnesë Ibrahimi, Besnik Krasniqi, Gentrit Berisha, Gadaf Rexhepi","doi":"10.1002/bsd2.70065","DOIUrl":"https://doi.org/10.1002/bsd2.70065","url":null,"abstract":"<div>\u0000 \u0000 <p>What causes sustainable innovation has been the subject of recent academic and policy debate. This study examines whether the relationship between firm characteristics and sustainable innovation differs in European and non-European countries with different institutional contexts. Drawing on institutional theory and leveraging data from the 2020 Eurobarometer survey involving 15,000 interviews in 36 European and non-European countries, multilevel econometric analysis of firms in these countries reveals a robust connection between sustainable innovation and firm-specific factors and institutional quality. We combine the firm-level data from Eurobarometer 2020 with multiple sources of country-level data to measure the impact of institutional quality on -sustainable innovation. Using a multilevel logistic regression model the findings indicate that small and medium-sized enterprises tend to develop more sustainable innovations, and countries with superior institutional quality and institutional trust foster an environment conducive to sustainable innovation. The paper concludes with implications for theory and policy, suggesting how governments can influence the growth and development of sustainable innovation.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117840","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":"RETRACTION: The Interplay of Corporate Governance, Internal Audit Effectiveness, and Sustainable Financial Reporting Quality in Tanzanian Commercial Banks","authors":"","doi":"10.1002/bsd2.70062","DOIUrl":"https://doi.org/10.1002/bsd2.70062","url":null,"abstract":"<p>\u0000 <b>RETRACTION:</b> <span>Z., Ally</span> <span>2024</span>. <b>“</b> <span>The Interplay of Corporate Governance, Internal Audit Effectiveness, and Sustainable Financial Reporting Quality in Tanzanian Commercial Banks</span>,<b>”</b> <i>Business Strategy and Development</i> <span>7</span>, no. <span>3</span> (2024): e70016, https://doi.org/10.1002/bsd2.70016.\u0000 </p><p>The above article, published online on 26 September 2024, in Wiley Online Library (http://onlinelibrary.wiley.com/), has been retracted by agreement between the journal editor in chief, Prof. Richard Welford, and John Wiley & Sons Ltd. A third party alerted the publisher that several references were inaccurate and did not resolve to a genuine DOI or online record. Additional investigation by the publisher found that more than a third of the references included in the article did not correspond to real publications or sources. The author responded to the inquiry by the publisher and stated that they had used AI software to locate the DOIs for references, which must have been the source of the reference errors. They confirmed that no AI software had been used in content generation, data analysis, or editing of the article's primary content. The author cooperated with the investigation and provided an updated list of references in order to resolve the errors. The journal and publisher reviewed the author's response as well as the updated list of references but determined that the validity of the corrected references could not be confirmed, and as such, a large-scale correction to the references and subsequent citations would be inappropriate. The retraction has been agreed to because the large number of incorrect or nonexistent references constitutes a major error in the article and renders large portions of the text unsubstantiated.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70062","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117487","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":"An Expert Study of Systemic Influences on Progress Towards Living Wages: A Key to Unlock the Sustainable Development Goals","authors":"Anna Barford, Annabel Beales, Marina Zorila","doi":"10.1002/bsd2.70048","DOIUrl":"https://doi.org/10.1002/bsd2.70048","url":null,"abstract":"<p>Ending poverty in all its forms everywhere is Goal 1 of the Sustainable Development Goals the widespread payment of living wages as a minimum could substantially boost progress towards this development goal and others. Living wages, typically set higher than minimum wages, pay enough for workers to meet their needs and those of their families. Without living wages many workers earn poverty wages. Recognising renewed corporate and investor interest in living wages, this paper interrogates the logics and rationalities which shape discussions on living wages, drawing upon 31 semi-structured interviews with living wage professionals. Discourse analysis is used to identify the logics and rationalities which shape organisation-level progress towards living wages. Some logics, surrounding human rights, stakeholder capitalism, sustainable development, redistribution and social justice, encourage the implementation of living wages. Other logics, including shareholder capitalism, profit and mass consumerism, create a chilling effect on the living wages movement. At present, wages are the main mechanism for distributing money, so wage levels impact people's access to services and resources. The living wages agenda is progressing rapidly, comprising a 2024 International Labour Organization meeting of experts, corporate and investor commitments, worker demands, and the growing prevalence of geographically specific living wages calculations. It is therefore crucial that the logics and narratives underpinning decisions on pay are interrogated as these play a pivotal role in progress towards human rights, social justice and the Sustainable Development Goals.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70048","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117485","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}
Ali Mohsin Baawain, Abderrahim Laachach, Ali Said Jaboob, Kannapat Kankaew
{"title":"Uncovering the Catalysts of Sustainable Business Performance: Digital Orientation, Entrepreneurial Competency, and Strategic Change","authors":"Ali Mohsin Baawain, Abderrahim Laachach, Ali Said Jaboob, Kannapat Kankaew","doi":"10.1002/bsd2.70070","DOIUrl":"https://doi.org/10.1002/bsd2.70070","url":null,"abstract":"<div>\u0000 \u0000 <p>This research investigates the complex relationships between digital orientation, entrepreneurial competency, and strategic change, and their impact on sustainable business performance. It also explores how sustainable competitive advantage and flexible resources moderate the link between strategic change and sustainable performance outcomes in dynamic business environments. The authors collected survey data from 349 small and medium-sized enterprises (SMEs) to test the proposed model. They then used partial least squares structural equation modelling (PLS-SEM) with SmartPLS 4 software to analyze the relationships between the variables. The findings reveal that digital orientation strongly drives strategic change, which in turn strongly enhances sustainable business performance. Digital orientation also directly leads to sustainable performance. Strategic change mediates the relationship between digital orientation and sustainable performance, while entrepreneurial competency partially mediates the effects of digital orientation. Competitive advantage and flexible resources moderately strengthen the link between strategic change and sustainable performance. This study provides novel insights into the complex interplay between digital orientation, entrepreneurial competency, and strategic change, and how these factors jointly contribute to sustainable business performance. The findings also uncover the moderating roles of competitive advantage and flexible resources, offering practical guidance for managers seeking to enhance long-term organizational success in dynamic environments.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117488","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}