{"title":"The Generativity Mindsets of Corporations: A New Perspective on Ecological Responsiveness","authors":"Huei‐ting Tsai, Chia‐Ju Chuang","doi":"10.1002/bse.4251","DOIUrl":"https://doi.org/10.1002/bse.4251","url":null,"abstract":"The dominant line of academic research suggests that external forces, such as institutional and stakeholder pressure, are the reasons driving companies to behave ecologically responsive. However, few studies consider the intrinsic motivation cultivated based on corporate values driving an enterprise's engagement in ecological responsiveness. To explore this prospect further, this study proposes the concept of the generativity mindsets of corporations and identifies the components of the generativity mindset as the mindset of the next generation, the long‐term mindset, and the altruistic mindset. This study investigated the antecedents driving ecological responsiveness, and examined the relationship among the generativity mindset, reputational demand and ecological responsiveness, as well as the effect they have on business performance. Data collected from 281 manufacturing companies is analyzed using structural equation modelling. The findings indicated that among the factors that drive companies to behave ecologically responsive, the generativity mindset of companies has a more significant effect than external reputational demand. Moreover, this study found that ecological responsiveness significantly impacts business performance. The results of this study are valuable for managers to cultivate employees with the concept of generativity mindset to carry out the company's sustainable development initiatives and shoulder even greater social responsibility. This will help companies exert important influence in society to mitigate the climate crisis.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"32 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143618353","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}
Ly Thi Hai Tran, Vu Quang Trinh, Vy Thi Phuong Le, Thoa Thi Kim Tu
{"title":"Carbon Emissions, Firm‐Level Climate Change Exposure, and Corporate Cash Reserves","authors":"Ly Thi Hai Tran, Vu Quang Trinh, Vy Thi Phuong Le, Thoa Thi Kim Tu","doi":"10.1002/bse.4188","DOIUrl":"https://doi.org/10.1002/bse.4188","url":null,"abstract":"This study examines the relationships between carbon emissions, firm‐level climate change exposure, and corporate cash reserves, with a focus on whether climate exposure mediates the link between carbon emissions and cash holdings. Using a dataset of 15,889 firm‐year observations from 2,537 firms across 51 countries during the period 2002 to 2021, the findings reveal a partial mediating effect of climate change exposure on the relationship between carbon emissions and corporate cash reserves. Specifically, firms with higher carbon risks tend to exhibit increased climate exposure, as reflected in earnings conference calls, which subsequently leads to higher cash reserves. This pattern is consistent across both general indicators of climate exposure and firm‐specific vulnerabilities to regulatory changes. Furthermore, the results remain robust after addressing endogeneity concerns through difference‐in‐difference estimations based on the Paris Agreement (COP21) event. These insights deepen our understanding of how high‐carbon‐emitting firms adjust their cash management strategies in response to market concerns about climate change.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"76 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143608261","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}
Emma Perriton, Steffen Korsgaard, Sara Gustafsson, Majbritt Rostgaard Evald, Mads Bruun Ingstrup
{"title":"Not Just Cocreation: Exploring the Shifting Interaction Logics in Sustainable Innovation","authors":"Emma Perriton, Steffen Korsgaard, Sara Gustafsson, Majbritt Rostgaard Evald, Mads Bruun Ingstrup","doi":"10.1002/bse.4244","DOIUrl":"10.1002/bse.4244","url":null,"abstract":"<p>Sustainable innovations that address complex societal and environmental challenges require interactions between organisations. Yet previous research demonstrates that these interactions are not easy, and interactions themselves pose challenges. In this paper, we explore how organisations interact across sectors to develop a sustainable innovation. Specifically, we investigate coordination, cooperation, collaboration and cocreation as logics of interaction in the pursuit of sustainable innovation. An in-depth case study of a unique sustainable innovation project with ambitions of cocreation reveals that all interaction logics are at play but dominate in different phases. We further trace the antecedents of shifts in the dynamics of dominant logics. Our findings provide important insights into how organisations can better engage in sustainable innovation by understanding the dynamics of interaction logics. We show how the normative ideal of cocreation is challenged in practice and that other logics of interaction are engaged in the pursuit of a sustainable innovation.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 4","pages":"5095-5113"},"PeriodicalIF":12.5,"publicationDate":"2025-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4244","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143618352","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Gender Diversity Leadership and ESG Performance: The Influence of Women on Boards and in Management","authors":"Davide Sandretto, Alessandro Rizzi, Gabriella Esposito","doi":"10.1002/bse.4241","DOIUrl":"10.1002/bse.4241","url":null,"abstract":"<p>In recent years, there has been a growing interest among companies and regulatory bodies in adhering to environmental, social, and governance (ESG) standards, alongside an increased involvement of women in organizational decision-making processes. In this study, we investigate the potential advantages of female representation in leadership positions on the firms' ESG performance. Using a dataset comprising 2646 public companies across Europe, America, and Asia from 2013 to 2022, we find a significant positive correlation between gender diversity and companies' sustainability performance. However, a granular analysis of the three pillars (environment, social, and governance) reveals nuanced results. Specifically, board gender diversity is only positively related to the governance score, but females in managerial positions are associated with higher social scores. These findings consistently hold after conducting a series of robustness tests to address endogeneity concerns. Our study provides practical implications for policymakers and practitioners, advocating for greater engagement of women in leadership roles.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 4","pages":"5075-5094"},"PeriodicalIF":12.5,"publicationDate":"2025-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4241","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143608408","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Saving the Environment in Emerging Markets: The Synergistic Roles of Corporate Ownership Structure, Financing Strategy, and Innovation Capacity","authors":"Wu Ning, Ummar Faruk Saeed, Maxwell Kongkuah","doi":"10.1002/bse.4245","DOIUrl":"10.1002/bse.4245","url":null,"abstract":"<div>\u0000 \u0000 <p>As global environmental challenges intensify and stakeholder pressure mounts, the imperative for companies, particularly in emerging markets, to adopt sustainable practices has become increasingly critical. Addressing a gap in the literature, this study examines the impact of ownership structure (OS) and financing strategy (FS) on environmental footprint disclosure (EFD) among energy sector firms in the Middle East and North Africa (MENA) region, while also considering the moderating role of innovation capacity. Drawing on the resource-based view, signaling, and stakeholder theories, this study analyzes panel data from 384 firms spanning 2010 to 2023. To address potential endogeneity issues, the study employs the difference GMM modeling to mititgate endogeneity issues. Additionally, the MMQR approach is applied to capture heterogeneous effects across varying levels of EFD practices. The findings reveal that concentrated and state ownership significantly enhance EFD, while managerial ownership exerts a negative influence. Firms relying on equity financing demonstrate higher EFD levels compared to those relying on debt. Moreover, innovation capacity not only directly impacts EFD but also amplifies the influence of OS and FS on EFD. Notably, the findings remain robust after employing various econometric techniques, including DiD, 2SLS, DCCE, and PSM. These results suggest that encouraging concentrated and state ownership, alongside equity financing, can drive improved environmental transparency within MENA firms. This study underscores the strategic role of innovation in strengthening EFD, offering valuable guidance for policymakers and industry leaders on ownership and financing decisions to foster sustainable development and enhance environmental responsibility.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 4","pages":"5114-5138"},"PeriodicalIF":12.5,"publicationDate":"2025-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143618354","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}
{"title":"Impact Assessment of Strategic Management on Sustainable Performance: A Study of Indian Banking Industry","authors":"P Kritee Rao, Akanksha Shukla","doi":"10.1002/bse.4240","DOIUrl":"https://doi.org/10.1002/bse.4240","url":null,"abstract":"<div>\u0000 \u0000 <p>Strategic Management (SM) and Sustainable Performance (SP) are essential for abiding performance of an industry. Today, management in service industry, especially banking entails espousing a sustainable strategy for enhanced performance. This requires comprehending its strategic management choices and the implementation for SP. There is dearth of research that studies the direct and indirect impact of SM on SP for developing countries, specifically in Indian banking purview. Thus, this paper critically examines the impact assessment of SM on SP and the mediation effect through Environmental Innovation Capability (EIC) on the relationship between SM and SP, for Indian Banking Industry. The study appraises linearity and normality measures through SPSS, reliability and validity assessments through PLS-SEM and predictive relevancy through PLS-Predict approach. Moreover, the hypothesis evaluation of the study concludes a positive relationship between SM and SP, SM and dimensions of SP, and EIC and SM and SP. The derived results will be insightful for researchers to comprehend the impact of SM on SP and for banking industry officials to determine sustained outcome and to develop a sustainable and strategic based management practices for SP.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 4","pages":"5059-5074"},"PeriodicalIF":12.5,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143914676","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}
{"title":"Correction to “Determinants of Firms' Initiative and Inertia in Pursuing Climate Neutrality Strategies—Theoretical Explanations and Empirical Evidence”","authors":"","doi":"10.1002/bse.4247","DOIUrl":"10.1002/bse.4247","url":null,"abstract":"<p>\u0000 <span>Unger, B.</span>, & <span>Nippa, M.</span> (<span>2024</span>). <span>Determinants of Firms' Initiative and Inertia in Pursuing Climate Neutrality Strategies—Theoretical Explanations and Empirical Evidence</span>. <i>Business Strategy and the Environment</i>, <span>33</span>(<span>5</span>), <span>4086</span>–<span>4107</span>. https://doi.org/10.1002/bse.3698.</p><p>The funding statement for this article was missing. The below funding statement has been added to the Acknowledgments section of the article:</p><p>Open access publishing facilitated by Libera Universita di Bolzano, as part of the Wiley - CRUI-CARE agreement.</p><p>We apologize for this error.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 4","pages":"5139"},"PeriodicalIF":12.5,"publicationDate":"2025-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4247","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143589843","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Cecilia Mark-Herbert, Ellinor Berg, Julia Aldberg, Anders Roos
{"title":"Servitization for a Circular Economy in Construction","authors":"Cecilia Mark-Herbert, Ellinor Berg, Julia Aldberg, Anders Roos","doi":"10.1002/bse.4218","DOIUrl":"10.1002/bse.4218","url":null,"abstract":"<p>Circular economy is pronounced in UN's Global Goals agenda 2030 as an alternative model for traditional linear production and consumption. <i>Servitization</i> refers to an increased resource efficiency and mitigation of climate effects by adding a service dimension through service-based offerings (e.g., leasing and rentals), which are key to circular economy. The construction sector has large climate impacts where renting can contribute towards a more efficient resource use in this sector. The aim of this study is to explain factors that influence business customer behavior related to equipment rental in the construction industry, using a qualitative case study design and a Social Practice Theory perspective. This study explores how equipment renting in the construction industry could be used to the corporate sustainability communication and strategy. Findings suggest that convenience, performance, and clear communication of values are key motivators for service offers.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 4","pages":"5019-5030"},"PeriodicalIF":12.5,"publicationDate":"2025-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4218","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143608047","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pelin Demirel, Effie Kesidou, Gamze Ozturk Danisman
{"title":"IT-Enabled Organisational Transformation and Green Employment Growth in Microfirms","authors":"Pelin Demirel, Effie Kesidou, Gamze Ozturk Danisman","doi":"10.1002/bse.4239","DOIUrl":"10.1002/bse.4239","url":null,"abstract":"<p>In this paper, we explore whether IT-enabled organisational transformation (ITOT) moderates the relationship between eco-innovation and the growth performance of microfirms. Our framework conceptualises ITOT in microfirms as a multistage process that includes: (i) setting a <i>digitalisation strategy</i>, (ii) adopting <i>advanced information systems technology (IST) artefacts</i> and (iii) developing <i>in-house digital resources and capabilities</i>. The analysis of a sample of 5015 microfirms from 39 countries indicates that eco-innovations boost firm growth when coupled with (i) a formalised digitalisation strategy, (ii) adoption of advanced IST artefacts (e.g., digital technologies that characterise Industry 4.0) and (iii) digital resources and capabilities in microfirms. These findings contribute to the growing digitalisation literature by highlighting the essential role that ITOT processes play in enabling sustainability-led growth pathways for microfirms. The paper advocates for the viability and performance benefits of a twin digital and ecological transformation and showcases the potential of ITOT for an economically successful net-zero transition that embraces microfirms.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 4","pages":"5031-5058"},"PeriodicalIF":12.5,"publicationDate":"2025-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4239","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143599939","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Rodrigo Cortopassi Goron Lobo, Marivanda Bortoloso Pigatto, Danielle Denes, Andrew Jay Isaak
{"title":"The Role of Intermediaries in Sociotechnical Transitions: A Systematic Framework Towards Sustainability Management","authors":"Rodrigo Cortopassi Goron Lobo, Marivanda Bortoloso Pigatto, Danielle Denes, Andrew Jay Isaak","doi":"10.1002/bse.4237","DOIUrl":"10.1002/bse.4237","url":null,"abstract":"<p>Modern society grapples with socio-environmental challenges such as pandemics, climate change, resource depletion, and poverty alleviation. Recent research underscores the crucial role of intermediaries in expediting the shift towards sustainability management. This study examines how intermediaries influence sociotechnical transitions towards sustainability within the biogas technological innovation system (TIS) in Paraná state, Brazil. The relationships between transitions and entrepreneurial innovation, strategy, and ESG were examined in-depth in 27 interviews and then triangulated with historical records, using the case of the International Center of Renewable Energies and Biogas (CIbiogás)—an organization created with the support of the United Nations. Findings indicate that intermediaries are pivotal in facilitating sociotechnical transitions through connections with individuals, networks, and organizations. The paper contributes to the literature on sociotechnical transitions by deepening our understanding of intermediaries' role in transitions towards sustainability and by furnishing a systematic framework to guide future research in this domain.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 4","pages":"4998-5018"},"PeriodicalIF":12.5,"publicationDate":"2025-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4237","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143608406","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}