Business Strategy and Development最新文献

{"title":"The Mediating Role of Service Quality in the Relationship Between Corporate Social Responsibility and Sustainable Competitive Advantages in an Emerging Economy","authors":"Hayford Asare Obeng,&nbsp;Richard Arhinful,&nbsp;Leviticus Mensah,&nbsp;Comfort Constance Mensah","doi":"10.1002/bsd2.70099","DOIUrl":"https://doi.org/10.1002/bsd2.70099","url":null,"abstract":"<div>\u0000 \u0000 <p>The Bank of Ghana and Companies Act provides a robust and secure framework for corporate social responsibility efforts by fostering openness and corporate accountability. The Ghana Banking Sector Code of Ethics advocates for ethical banking practices, encouraging sustainable growth. This study leveraged stakeholder theory to explore the mediating role of service quality in the relationship between corporate social responsibility and sustainable competitive advantage. A multistage sampling technique was employed to collect data from 373 employees of commercial banks in Ghana. The partial least squares structural equation modeling (PLS-SEM) software was used to analyze the direct and indirect relationship between the variables. The study found that corporate social responsibility had a negative and insignificant impact on the sustainable competitive advantage of commercial banks in Ghana. The findings revealed that corporate social responsibility had a positive and significant relationship with service quality. The investigation also discovered that service quality had a positive and significant impact on sustainable competitive advantage. Finally, the study highlighted that service quality fully mediates the relationship between corporate social responsibility and sustainable competitive advantage. Commercial banks in Ghana should reassess their corporate social responsibility implementation strategy by adopting a comprehensive strategy framework to transform their corporate social responsibility activities into sustainable competitive advantage. They should use their corporate social responsibility activities to foster stakeholder trust, increase customer engagement, and build brand reputation.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143698935","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 Business Strategy and Educational Development: Private Sector Engagement and Value Creation Framework for Sustainable E-Learning Models in Emerging Markets","authors":"Rebaka Sultana,&nbsp;Md. Ariful Haque Chowdhury,&nbsp;Tawhid Ahmed Chowdhury,&nbsp;Shayla Tazminur,&nbsp;Iftakhar Ahmed,&nbsp;Nabila Ahmed,&nbsp;Abdullah Al Baky,&nbsp;Atik Shahriar,&nbsp;Abdulla Al Kafy","doi":"10.1002/bsd2.70098","DOIUrl":"https://doi.org/10.1002/bsd2.70098","url":null,"abstract":"<div>\u0000 \u0000 <p>As developing economies embrace digital transformation to bridge educational gaps, the intersection of business strategy and educational development offers significant opportunities. This study explores how private sector engagement in e-learning can drive business growth and achieve development outcomes in Bangladesh's higher education sector. Through mixed-methods analysis of 780 stakeholders across institutions, we examine how educational technology strategies create shared value while addressing accessibility challenges in developing markets. Our findings show that well-structured e-learning implementations simultaneously achieve commercial viability and development impact. Six critical success factors were identified: administrative infrastructure, technological architecture, content development, instructor capabilities, learner characteristics, and social support. Infrastructure partnerships with balanced public–private investment sharing achieved 75% success rates, while content development collaborations enhanced learning outcomes by 35%. The study highlights three mechanisms supporting Sustainable Development Goals: innovative business models balancing viability with impact, public–private partnerships leveraging corporate expertise, and inclusive stakeholder engagement frameworks. Theoretically, we extend stakeholder value theory by demonstrating how complementary value creation can be optimized across multiple stakeholder groups in educational technology implementations. We contribute to business model innovation frameworks by identifying specific mechanisms through which sustainable value is created, delivered, and captured in developing market contexts. These insights are valuable for businesses entering emerging e-learning markets and for policymakers creating enabling environments for sustainable educational technology initiatives.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143690084","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":"Assessing the Role of Circular Economy Knowledge, Attitudes, and Practices in Driving Sustainable Development: A Survey of Textile Industries in Tamil Nadu","authors":"K. Saravanan,&nbsp;T. Chandrasekar","doi":"10.1002/bsd2.70074","DOIUrl":"https://doi.org/10.1002/bsd2.70074","url":null,"abstract":"<div>\u0000 \u0000 <p>Utilizing and recycling natural resources is how the circular economy (CE) seeks to safeguard the environment; nonetheless, for businesses and policymakers to successfully adopt CE, it is necessary to identify potential obstacles, possibilities, and advantages that could benefit economies and enterprises. An exploratory survey study-based examination on circular economy techniques employed in the textile and apparel industries throughout the textile industry hub in Tamil Nadu is done in an attempt to address the progress of the CE and its benefits toward sustainable development. The purpose of this study is to learn more about the CE ideologies that the textile industry has learned about, the CE practices that the textile industry has adopted, the executives' attitudes regarding the CE, and how these aspects affect the attainment of sustainable development in industries that support the accomplishment of national goals. The mean scores show that there is neutral level of circular economy knowledge or attitude when analyzing 100 respondents' answers from textile industries of five different locations. The regression analysis shows that there is a statistically positive association between the knowledge and attitude toward the enactment of CE practices in industries and the enduring growth outcome and it is statistically significant (<i>F</i> change = 7.211 and 466.29, <i>p</i> = &lt; 0.01).</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143633067","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":"Gender Diversity and Environmental, Social, and Governance: Unlocking Solutions to Corporate Risk","authors":"Mohammed W. A. Saleh,&nbsp;Sajed Mowafaq Alshdaifat,&nbsp;Mohammad Fawzi Shubita,&nbsp;Marwan Mansour,&nbsp;Abdalwali Lutfi","doi":"10.1002/bsd2.70097","DOIUrl":"https://doi.org/10.1002/bsd2.70097","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the relationship between Environmental, Social, and Governance (ESG) practices and corporate risk in Asian countries, emphasizing the moderating role of board gender diversity (BGD). Using a panel dataset of 15,496 observations from Asian firms between 2008 and 2020, the analysis employs the Generalized Method of Moments (GMM) model to address potential endogeneity issues. The findings indicate that stronger ESG practices significantly reduce corporate risk, enhance financial stability, and mitigate regulatory and market volatility exposure. Furthermore, the results highlight that higher BGD amplifies this risk-reduction effect, suggesting that diverse boards contribute to better decision-making and risk management. Policy Implications: These findings underscore the importance of regulatory frameworks that encourage ESG adoption and board diversity. Policymakers should incentivize companies to integrate ESG principles and implement gender diversity policies, such as board quotas or disclosure requirements, to enhance corporate resilience and sustainable economic growth.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143638668","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 “Audit Committee Characteristics and Sustainable Firms' Performance: Evidence From the Financial Sector in Bangladesh”","authors":"","doi":"10.1002/bsd2.70101","DOIUrl":"https://doi.org/10.1002/bsd2.70101","url":null,"abstract":"<p>Karim, R., M. M. Roshid, B. K. Dhar, M. Nahiduzzaman, and B. C. Kuri. 2024. “Audit Committee Characteristics and Sustainable Firms' Performance: Evidence From the Financial Sector in Bangladesh.” <i>Business Strategy and Development</i>, 7: e70059. https://doi.org/10.1002/bsd2.70059.</p><p>\u0000 <b>Description of Error:</b>\u0000 </p><p>The author no longer holds affiliations with the above institutions.</p><p>\u0000 <b>The correct affiliation should be:</b>\u0000 </p><p>\u0000 <i>Business Administration Division, Mahidol University International College, Mahidol University, Salaya, Thailand</i>\u0000 </p><p><b>We apologize for this error</b>.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70101","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143638669","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":"Sustainable Development: Prioritizing Attributes and Validating Factors for the Success of Green Startups in Brazilian and German Entrepreneurial Ecosystems","authors":"Arthur Yassine Oliveira,&nbsp;Jéssica Alves Justo Mendes,&nbsp;Lucas Gabriel Zanon,&nbsp;Mateus Cecílio Gerolamo,&nbsp;Vânia Gomes Zuin Zeidler","doi":"10.1002/bsd2.70083","DOIUrl":"https://doi.org/10.1002/bsd2.70083","url":null,"abstract":"<div>\u0000 \u0000 <p>This research investigates the relationship between cultural, social, and material attributes within entrepreneurial ecosystems (EEs) and their influence on the success of green startups, focusing specifically on comparative analyses between Brazilian and German contexts. Through a detailed examination involving the fuzzy cognitive maps (FCMs) and the fuzzy Delphi method (FDM), the study validates factors critical for fostering green startups. The research findings highlight the importance of business strategies that are culturally congruent and environmentally beneficial, focused on the unique characteristics of each ecosystem. In Germany, strategies emphasizing technological innovation align with a pragmatic environmental ethos, whereas in Brazil, community involvement and social innovation are more crucial. The study's methodological approach integrates expert opinions to prioritize the attributes that significantly impact green startups, revealing that strategic alignment with external ecosystem factors such as investment access, regulatory environments, and specialized talent is vital for startup survival and growth. However, the research faces limitations due to its geographic focus, potential expert bias, dynamic ecosystem characteristics, and the qualitative nature of data collection. These limitations suggest areas for further research, including expanding geographic scope and incorporating quantitative methods to enhance the robustness of findings. Overall, this study contributes to the understanding of how tailored business strategies, which can be developed through the analysis of the attributes and factors presented in this study, can support sustainable economic development in EEs contexts.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143632943","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 Development Goals as Strategic Drivers: A Case Study in Brazil","authors":"Ticiana Braga De Vincenzi,&nbsp;Isak Kruglianskas,&nbsp;Roberta Souza Piao","doi":"10.1002/bsd2.70093","DOIUrl":"https://doi.org/10.1002/bsd2.70093","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores how the sustainable development goals (SDGs) influence sustainability initiatives in a large cement company in a developing country. An in-depth case study found that the SDGs play a validating role in decision-making, with the company attempting to overcome barriers to sustainable development. A novel framework is proposed, bridging legitimization strategies to business cases for sustainability via centrality. Findings show that the company adopts collaborative and responsible business cases aligned with the stimulation strategy and limited to social and environmental activities. However, these initiatives are not directly tied to its core business, and their contribution to the SDGs is mainly an add-on. Managerially, the study emphasizes the importance of engaging with local communities, not just government representatives, and aligning different hierarchical levels within the company. Theoretically, even actions not directly related to the core business can significantly support local development, challenging the concept of centrality in SDG implementation.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143612518","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 Green Credit Policies and Climate Change Practices Drive Banking Financial Performance","authors":"Yaser Saleh Al frijat,&nbsp;Jebreel Mohammad Al-Msiedeen,&nbsp;Ahmed A. Elamer","doi":"10.1002/bsd2.70090","DOIUrl":"https://doi.org/10.1002/bsd2.70090","url":null,"abstract":"<p>This study examines the influence of green credit policies (GCP) on banking financial performance (FP), emphasizing the moderating role of climate change practices (CCP). Using a stakeholder theory and legitimacy theory framework, we explore how green credit initiatives impact key financial metrics such as return on equity (ROE), earnings per share (EPS), and Tobin's Q. The study utilizes a dataset covering 14 Jordanian banks from 2016 to 2023, applying regression models to test the proposed relationships. Our findings reveal a positive and significant relationship between GCP and FP, indicating that banks with stronger GCP tend to experience enhanced financial outcomes. Additionally, CCP reinforces this positive effect, demonstrating that environmental transparency fosters financial resilience and long-term sustainability. Robustness checks confirm the validity of our results, mitigating concerns regarding reverse causality and endogeneity bias. This study contributes to the green finance literature by providing empirical evidence on the financial benefits of GCP, particularly in the context of developing economies. The research underscores the strategic importance of integrating sustainability-driven policies into banking operations to achieve both financial and environmental objectives. Our findings hold substantial policy implications, advocating for regulatory frameworks that promote green finance transparency. For banking institutions, this study highlights the competitive advantage of embedding sustainability into corporate strategies, ultimately enhancing market valuation and profitability.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70090","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143602470","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":"ESG Controversies and Firm Performance in ASEAN: Do Board Gender Diversity and Sustainability Committee Matter?","authors":"Noor Hidayah Ab Aziz,&nbsp;Sajead Mowafaq Alshdaifat,&nbsp;Hamzeh Al Amosh","doi":"10.1002/bsd2.70094","DOIUrl":"https://doi.org/10.1002/bsd2.70094","url":null,"abstract":"<p>This study investigates the impact of ESG controversies on the performance of publicly listed firms in the ASEAN-5 countries with the moderating effect of board gender diversity and sustainability committees. By employing random-effects regression, this study examines 1414 observations covering 2017 to 2023. Besides, a two-step GMM and 2SLS regression were used to address the endogeneity problem. The results found a significant negative relationship between ESG controversies and firm performance, implying that firms with fewer ESG controversies have higher performance. Besides, board gender and sustainable committees contribute to reducing the intensity of ESG controversies, which subsequently improves corporate reputation and hence their performances. This outcome presents policymakers with recommendations on how to develop regulations concerning ESG controversies, board gender diversity, and sustainability committees. This study is among the first that highlights the role of board gender diversity and sustainability committees in the context of ESG controversies and firm performance in the region of ASEAN.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70094","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143602469","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":"Enablers, Obstacles, and Impacts of Responsible Sourcing Strategies in Moroccan Companies: A Qualitative Analysis","authors":"Adil Cherkaoui,&nbsp;Marouane Aliat","doi":"10.1002/bsd2.70096","DOIUrl":"https://doi.org/10.1002/bsd2.70096","url":null,"abstract":"<div>\u0000 \u0000 <p>This qualitative analysis investigates the responsible sourcing practices of employees, managers, and directors of 12 companies operating in different sectors in Morocco. The 12 in-depth semi-directed interviews were analyzed using Nvivo 12 plus software, yielded 53 distinct codes, and grouped into six main categories, which led to the emergence of three main themes. The first theme uncovered by the research encompasses regulatory frameworks, stakeholder engagement, and organizational capacity as responsible sourcing enablers. The second theme tackles institutional, operational, and cultural impediments, while the third theme investigates market performance, social impact, and environmental benefits as direct impacts of responsible sourcing. This research uses neo-institutional and stakeholder theories as theoretical lenses, and results show that responsible sourcing adoption in Morocco is conditioned by various organizational, cultural, and operational restrictions. Market performance, social well-being, and environmental sustainability are all impacted by the implementation of responsible sourcing, demonstrating the strategic significance of such strategies in areas with high environmental and social vulnerabilities.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143602552","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}