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Cocreating Value Through Open Circular Innovation Strategies: A Results‐Driven Work Plan and Future Research Avenues
IF 13.4 1区 管理学
Business Strategy and The Environment Pub Date : 2025-02-24 DOI: 10.1002/bse.4216
Mark Anthony Camilleri
{"title":"Cocreating Value Through Open Circular Innovation Strategies: A Results‐Driven Work Plan and Future Research Avenues","authors":"Mark Anthony Camilleri","doi":"10.1002/bse.4216","DOIUrl":"https://doi.org/10.1002/bse.4216","url":null,"abstract":"For the time being, there is limited research focused on open innovation approaches that promote the development and growth of stakeholder‐driven circular economy models. This article addresses this knowledge gap. Its objectives are threefold: Firstly, it describes key elements of open innovation and circular value cocreation. Secondly, it utilizes the findings from a comprehensive systematic review to identify opportunities and challenges related to the open circular innovation paradigm. Thirdly, it presents theoretical implications and an action plan, alongside future research avenues, that highlight the importance of engaging in collaborative behaviors with stakeholders. It emphasizes a cocreation culture that encourages the sharing of resources, competencies, and capabilities, while safeguarding the organizations' intellectual properties. Such practices aim to foster coupled innovation and support circular economy strategies like resource recovery, reverse logistics, and industrial symbiosis, among others. Unlike many other articles, this contribution clearly specifies that there is scope for practitioners to develop circular economy ecosystems that increase the practitioners' bottom lines, while reducing their environmental impacts.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"1 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143477453","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Green Supply Chain Management to Spur Economic, Social, and Environmental Performance: Novel Insight From Latin American Countries
IF 13.4 1区 管理学
Business Strategy and The Environment Pub Date : 2025-02-23 DOI: 10.1002/bse.4198
Pablo David Tapia Morán, Mingyue Fan, Agyemang Kwasi Sampene
{"title":"Green Supply Chain Management to Spur Economic, Social, and Environmental Performance: Novel Insight From Latin American Countries","authors":"Pablo David Tapia Morán, Mingyue Fan, Agyemang Kwasi Sampene","doi":"10.1002/bse.4198","DOIUrl":"https://doi.org/10.1002/bse.4198","url":null,"abstract":"Green supply chain management, or GSCM, has become an indispensable plan for advancing sustainable development worldwide. It can simultaneously enhance social, economic, and environmental outcomes. This study aims to investigate the impact of GSCM on key performance measures in Latin American economies and assess its implications for sustainable growth from 2000 to 2020. The analysis utilizes the method of moments quantile regression (MMQR) to estimate the long‐term nexus among the understudied series. Findings indicate that GSCM positively influences economic performance indicators like GDP, trade openness, and employment growth. Socially, GSCM is associated with enhanced human capital and is inversely related to water and air pollution deaths. Environmentally, it significantly reduces PM2.5 levels, carbon emissions, and fuel consumption. Causality analysis reveals a unidirectional influence of employment growth, human capital, and PM2.5 on GSCM and a bidirectional relationship between trade openness, carbon emissions, and pollution‐related deaths with GSCM. The study underscores the necessity for policies integrating GSCM to spur economic growth and improve public health and environmental quality across Latin American nations.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"19 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143477452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Corporate Governance and ESG Controversies: Navigating Risk‐Taking in Banks
IF 13.4 1区 管理学
Business Strategy and The Environment Pub Date : 2025-02-23 DOI: 10.1002/bse.4214
Nicola Del Sarto
{"title":"Corporate Governance and ESG Controversies: Navigating Risk‐Taking in Banks","authors":"Nicola Del Sarto","doi":"10.1002/bse.4214","DOIUrl":"https://doi.org/10.1002/bse.4214","url":null,"abstract":"This study examines the impact of environmental, social, and governance (ESG) controversies on bank risk, focusing on the moderating role of corporate governance. Using a dynamic panel dataset of 88 European banks from 2013 to 2020, we analyze two key risk measures: the Z‐score, indicating financial stability, and risk‐weighted assets (RWAs), reflecting risk exposure. The findings reveal that banks facing ESG controversies are exposed to heightened risk, with corporate governance playing a crucial role in moderating these effects. Strong governance structures, characterized by board diversity and independence, are found to mitigate the financial risks associated with ESG controversies, whereas weak governance amplifies these risks. Our results contribute to the growing literature on ESG and bank risk by highlighting the complexities introduced by ESG controversies and the essential role of governance in managing these risks. These insights are relevant for both academics and practitioners seeking to enhance risk management frameworks in the banking sector.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"25 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143477449","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Dual Growth‐Value Transfer Nexus: Sustaining Corporate Performance Among Hidden Champions to Achieve Sustainable Growth 增长与价值转移的双重联系:在隐形冠军中保持公司业绩,实现可持续增长
IF 13.4 1区 管理学
Business Strategy and The Environment Pub Date : 2025-02-23 DOI: 10.1002/bse.4220
Ying Hongbin, Chen Weiwen, Javier Cifuentes‐Faura, Pang Lijun
{"title":"The Dual Growth‐Value Transfer Nexus: Sustaining Corporate Performance Among Hidden Champions to Achieve Sustainable Growth","authors":"Ying Hongbin, Chen Weiwen, Javier Cifuentes‐Faura, Pang Lijun","doi":"10.1002/bse.4220","DOIUrl":"https://doi.org/10.1002/bse.4220","url":null,"abstract":"The dual growth model is a significant characteristic of hidden champions and a key reason for their sustained competitive advantage. This work employs the dual growth model to develop a theoretical model of “dual growth model–value transfer–corporate performance.” The study results indicate that hidden champions employ a dual growth model that concurrently attains efficiency and product growth. It is found that these two factors significantly enhance the performance of the hidden champions. Moreover, the transfer of value acts as a mediating role in the expansion of products. That is the rise of efficiency and the performance of the hidden champions.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"344 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143477493","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Impact of Blockchain Technology on Firms' Environmental Innovation: A Technological Push Perspective
IF 13.4 1区 管理学
Business Strategy and The Environment Pub Date : 2025-02-21 DOI: 10.1002/bse.4204
Zhongju Liao, Mengnan Zhang, Yangyan Shi
{"title":"The Impact of Blockchain Technology on Firms' Environmental Innovation: A Technological Push Perspective","authors":"Zhongju Liao, Mengnan Zhang, Yangyan Shi","doi":"10.1002/bse.4204","DOIUrl":"https://doi.org/10.1002/bse.4204","url":null,"abstract":"Environmental innovation helps to achieve sustainable utilization of resources and represents an important measure for promoting the coordinated development of human and environment. Adopting the perspective of technological push—based on information asymmetry theory, cognitive orientation theory, and the resource‐based view—this study constructs a research model capturing the impact of blockchain technology on firms' environmental innovation. This study uses multiple regression analysis to examine the impact of blockchain technology on firms' environmental innovation. It also observes the mediating effect of proactive orientation and the moderating effect of venture capital. The results show that blockchain technology positively impacts firms' environmental innovation, with proactive orientation playing a mediating role between blockchain technology and environmental innovation and venture capital enhancing the positive effect. By analyzing the mechanism between blockchain technology and environmental innovation, this study provides a new theoretical basis for better applying blockchain technology to environmental innovation at the firm level.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"13 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143462917","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Employee Organisational Commitment and Corporate Environmental Sustainability Practices: Mediating Role of Organisation Innovation Culture
IF 13.4 1区 管理学
Business Strategy and The Environment Pub Date : 2025-02-20 DOI: 10.1002/bse.4200
Faruk Bhuiyan, Douglas A. Adu, Hafij Ullah, Nurul Islam
{"title":"Employee Organisational Commitment and Corporate Environmental Sustainability Practices: Mediating Role of Organisation Innovation Culture","authors":"Faruk Bhuiyan, Douglas A. Adu, Hafij Ullah, Nurul Islam","doi":"10.1002/bse.4200","DOIUrl":"https://doi.org/10.1002/bse.4200","url":null,"abstract":"The growing concerns about climate change have seen global leaders and the international community launch diverse initiatives, deals and reforms in an attempt to combat its negative impact. In response to these initiatives, corporates are increasingly prioritising environmental sustainability practices, such as reducing resource use, recycling and redesigning products and services to transition to sustainable operations, as a means of promoting trust and credibility, increasing their reputation and protecting the planet. However, the extant literature does not provide a clear understanding of the determinants of promoting corporate environmental sustainability practices (CESPs). Thus, drawing upon both resource‐based views (RBVs) of the firm and the economic views of neo‐institutional theory (NIT), this study examined the role of employee organisational commitment (EOC) and organisation innovation culture (IC) in promoting CESP. This quantitative study collected the required data through a questionnaire survey of senior to mid‐level managers of a total of 201 Dhaka Stock Exchange (DSE)‐listed and non‐listed firms. A two‐step structural equation modelling (SEM) technique, employing SmartPLS, was followed to test the study's hypothesised associations. The findings provide evidence of a direct association between EOC and CESP and an indirect association through IC. Our findings are robust as alternative models were developed and tested based on different control and instrumental variables relating to organisational characteristics. The findings of the study contribute to the environmental sustainability literature by providing empirical evidence of the importance of EOC and IC in promoting CESP. Further, the findings inform managers, governments, foreign investors and other stakeholders on the importance of building EOC and developing suitable cultural practices within an organisation that promote CESP.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"47 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143462933","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How B Corps Are Hybrid? Unpacking Hybridity in Social Enterprises
IF 13.4 1区 管理学
Business Strategy and The Environment Pub Date : 2025-02-19 DOI: 10.1002/bse.4187
Leonardo Boni, Riccardo Fini, Laura Toschi
{"title":"How B Corps Are Hybrid? Unpacking Hybridity in Social Enterprises","authors":"Leonardo Boni, Riccardo Fini, Laura Toschi","doi":"10.1002/bse.4187","DOIUrl":"https://doi.org/10.1002/bse.4187","url":null,"abstract":"Researchers have extensively studied the hybrid condition of organizations that simultaneously pursue social and economic goals. Yet, hybridity manifests itself in multiple ways. This paper aims to identify the different facets of the hybrid condition, conducting an empirical study in a specific setting of hybrid organizations: the B corporations (i.e., for‐profit organizations awarded with a prosocial certification). We propose and test a multifactor scale measuring how hybridity (i) occurs, (ii) influences firms' organizational processes, and (iii) shapes firms' social impact thesis. We test the scale on a sample of 101 Italian B Corp firms, identifying four factors that determine the hybrid nature of B Corps and characterizing two ideal types of B Corps. We contribute to the literature on social entrepreneurship and hybrid organizations by capturing the nuances of B Corps' hybridity.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"4 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143443382","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Dynamic Capabilities and Microfoundations to Overcome Barriers to Circular Economy Implementation
IF 13.4 1区 管理学
Business Strategy and The Environment Pub Date : 2025-02-19 DOI: 10.1002/bse.4171
Stefano Franco, Ilaria Giannoccaro
{"title":"Dynamic Capabilities and Microfoundations to Overcome Barriers to Circular Economy Implementation","authors":"Stefano Franco, Ilaria Giannoccaro","doi":"10.1002/bse.4171","DOIUrl":"https://doi.org/10.1002/bse.4171","url":null,"abstract":"The circular economy (<jats:sc>CE</jats:sc>) aims to reshape production models, aligning them with environmental and social goals. Recent analyses show that global economic systems in 2023 are recycling only 7.3% of their material usage. One reason is the existence of barriers to <jats:sc>CE</jats:sc> adoption at multiple levels, which in turn require appropriate dynamic capabilities to be overcome. This research explores the connections between barriers and dynamic capabilities, with a focus on their microfoundations, with the aim to develop a comprehensive framework supporting firms to implement <jats:sc>CE</jats:sc> business models. The study employs a multiple case study on seven Italian companies that successfully undergone the circular transformation across diverse manufacturing industries belonging to Made in Italy, that is, fashion, food, furniture, and paper. The research outlines seven microfoundations linked to the three dynamic capabilities of sensing, seizing, and reconfiguring. These microfoundations allow firms to overcome barriers at the institutional, supply chain, and firm levels.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"64 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143443379","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Climate Change in Microcredit Portfolios: Evidence on Vulnerability, Adaptation and Implications for Inclusive Finance
IF 13.4 1区 管理学
Business Strategy and The Environment Pub Date : 2025-02-19 DOI: 10.1002/bse.4178
Gregor Dorfleitner, Davide Forcella, Andreas Gerckens
{"title":"Climate Change in Microcredit Portfolios: Evidence on Vulnerability, Adaptation and Implications for Inclusive Finance","authors":"Gregor Dorfleitner, Davide Forcella, Andreas Gerckens","doi":"10.1002/bse.4178","DOIUrl":"https://doi.org/10.1002/bse.4178","url":null,"abstract":"Climate change poses new challenges to the social mission and financial viability of microfinance institutions (MFIs). These include the vulnerability of borrowers, increased credit risks and the need to adapt to the changing climate. Using a novel microcredit data set, we first study the prevalence of climatic hazards and vulnerabilities in the portfolios of MFIs across Latin America and the Caribbean as well as sub‐Saharan Africa. We find evidence of microborrower vulnerability to climatic hazards and associated heightened credit risk. We then explore ecosystem‐based adaptation (EbA) as a potential strategic complement to inclusive finance in aiding adaptation. Our analysis finds widespread autonomous implementation of EbA by agricultural microborrowers. While EbA measures appear to negatively moderate the association between climatic hazards and microborrower vulnerabilities, we do not find them to be directly associated with lower vulnerabilities. Furthermore, lenders do not appear to increase financing of adaptation in portfolios with greater exposure to climatic hazards. The findings suggest a need to enhance the effectiveness of adaptive actions and further potential to expand the financing of EbA by MFIs.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"13 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143443381","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Decoding Supply Chain 5.0 Adoption by Grey Influence Analysis: What Barriers and Enablers Lie Within?
IF 13.4 1区 管理学
Business Strategy and The Environment Pub Date : 2025-02-18 DOI: 10.1002/bse.4209
Sachin Kumar, Vinay Singh
{"title":"Decoding Supply Chain 5.0 Adoption by Grey Influence Analysis: What Barriers and Enablers Lie Within?","authors":"Sachin Kumar, Vinay Singh","doi":"10.1002/bse.4209","DOIUrl":"https://doi.org/10.1002/bse.4209","url":null,"abstract":"The adoption of Supply Chain 5.0 in any industry is crucial to the project's success and to minimize the risk of failure. This study explores the potential enablers that mitigate the daunting barriers (a) by prioritizing them and (b) by establishing their causal relationship in modern industries within developing economies. This study was validated using literature analysis and qualitative causal modeling. A semistructured questionnaire was used to interview 16 industry experts to standardize data collection. A twofold analysis was used. Firstly, grey influence analysis prioritized enablers, barriers, and their one‐to‐one influences. These influences were retested in the second fold, and stepwise linear regression confirmed the enablers–barriers causality. The results reveal that green energy is the most influential enabler, followed by universal storage and smart contracts. The most critical barriers include “Acceptance and Adaptability of Robots and Other Machines,” “Security and Privacy,” and “Lack of Green Initiatives.” The regression analysis highlights that “Acceptance and Adaptability of Robots and Other Machines” is the most critical barrier, needing multiple enablers. Universal storage, smart contracts, intelligent systems, and innovative technologies are key enablers for most Supply Chain 5.0 adoption barriers. The study aids in adopting Supply Chain 5.0 by prioritizing key enablers and barriers, guiding decision‐makers in developing economies to mitigate risks and enhance project success within the supply chain context. The study uniquely provides an enablers–barriers causality framework for Supply Chain 5.0, offering actionable insights for successful adoption in developing economies and enhancing academic and practical understanding.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"49 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143443383","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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