{"title":"Impact of organisational capabilities on the implementation of circularity‐oriented activities","authors":"Lina Dagilienė, Viktorija Varaniūtė, Kristina Šutienė","doi":"10.1002/bse.4044","DOIUrl":"https://doi.org/10.1002/bse.4044","url":null,"abstract":"A transition to a circular economy should be seen as a fundamental systemic change involving a rethinking and development of organisational capabilities. Most studies have focused on the normative aspects of what circular capabilities and circularity‐oriented activities should be. There is a lack of research empirically demonstrating what dynamic capabilities influence circularity‐oriented activities, which range from product design to waste management. By using survey data of 139 incumbent manufacturing companies, this paper investigates organisational capabilities that influence the implementation of circularity‐oriented activities. The functional relationship analysis is performed by combining a variance‐based structural equation model with ordered logistic regression. Zooming‐in and zooming‐out perspectives highlight the dynamic nature of circular capabilities. Our empirical results show that zooming‐out capabilities (adaptability to the network, adaptability to regulation, consumer acceptance) positively influence product design, while zooming‐in capabilities (financial capabilities and organisational resources and skills) positively affect circularity‐oriented activities, such as cleaner production and waste management.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"257 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142718260","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}
Gerusa Giménez Leal, Rodolfo de Castro Vila, Alexandra Barón Dorado, Angela Jäger
{"title":"Circular Economy Adoption in Manufacturing Firms: Evidence From Germany","authors":"Gerusa Giménez Leal, Rodolfo de Castro Vila, Alexandra Barón Dorado, Angela Jäger","doi":"10.1002/bse.4064","DOIUrl":"https://doi.org/10.1002/bse.4064","url":null,"abstract":"This paper analyses Circular Economy (<jats:sc>CE</jats:sc>) practices adopted by manufacturing firms and explores whether the decision to adopt these practices differs in relation to manufacturing sector, company size, or having Environmental Management Systems (EMS) in place. Empirical data from 1191 German manufacturing firms was used to show that the circular practices companies adopt most are framed mainly within Recovery Field of Action (FA), followed by Distribution and Use. Findings highlight differences between sectors and point to a correlation between company size or having an EMS and a higher level of <jats:sc>CE</jats:sc> adoption, emphasising the need to tailor <jats:sc>CE</jats:sc> strategies to specific industrial sectors and company size, and highlighting the role EMS plays in facilitating the adoption of <jats:sc>CE</jats:sc>.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"19 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142697053","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":"Examining the Effects of Industry 4.0 Adoption, Information Acquisition Capability, and Organizational Ambidexterity on Innovation and Circular Economy Performance","authors":"Saumyaranjan Sahoo, Ashwani Kumar, Sachin Kumar Mangla, Alessio Ishizaka","doi":"10.1002/bse.4067","DOIUrl":"https://doi.org/10.1002/bse.4067","url":null,"abstract":"Regulatory authorities are putting a lot of pressure on manufacturers to devise strategies to boost their contribution to the circular economy. The limited comprehension surrounding the complex interplay that exists between the deployment of Industry 4.0 (I4.0) strategies, the capability to acquire information, and the ability to balance exploration and exploitation activities within an organization acts as a barrier for manufacturers to attain the optimal levels of organizational performance. As a result, the purpose of the current investigation is to investigate the strategic execution of I4.0 on manufacturers' information acquisition capability in order to foster the ambidexterity required to flourish in the innovation‐driven high‐performance ecosystem for attaining circular economy performance. In this study, data from a cross‐sectional survey that included responses from a sample of 238 Indian manufacturers were assessed using structural equation modeling. According to the results, I4.0 technologies assist organizations in strengthening their exploitative and explorative capabilities, allowing them to achieve success in innovation, which is directly related to their performance in circular economy activities. Unexpectedly, the association between an organization's information acquisition capability and its innovation performance is not substantial, but it is completely mediated by both exploitative and explorative capabilities, which are characterized as organizational ambidexterity.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"66 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142697102","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":"Gamification for sustainable consumption: A state‐of‐the‐art overview and future agenda","authors":"Weng Marc Lim, Manish Das, Wamika Sharma, Aastha Verma, Rajeev Kumra","doi":"10.1002/bse.4021","DOIUrl":"https://doi.org/10.1002/bse.4021","url":null,"abstract":"Unsustainable consumption is a pressing issue requiring innovative solutions. Gamification is a promising approach with the potential to drive a shift toward sustainable consumption. This study delivers a state‐of‐the‐art overview of gamification as a strategy for sustainable consumption, shedding light on its role at the intersection of <jats:italic>environmental sustainability</jats:italic>, <jats:italic>sustainability education</jats:italic>, <jats:italic>sustainable behavioral changes</jats:italic>, <jats:italic>sustainable living</jats:italic>, <jats:italic>sustainable tourism</jats:italic>, and <jats:italic>workplace sustainability</jats:italic>, underscoring that sustainable consumption (e.g., energy) is not only personal but also professional. This study also offers a rich organizer of <jats:italic>antecedents</jats:italic> (game mechanics, incentives and mechanisms, social dynamics, sustainability focus, and user experience), <jats:italic>mediators</jats:italic> and <jats:italic>moderators</jats:italic> (psychographic and socio‐cultural), <jats:italic>controls</jats:italic> (demographic and contextual), and <jats:italic>outcomes</jats:italic> (behavioral changes, consumption patterns, and psychographic shifts), alongside relevant <jats:italic>theories</jats:italic> and <jats:italic>methods</jats:italic>, to provide a finer‐grained, toolbox‐like understanding of gamification for sustainable consumption. This study concludes with avenues for future research to drive new frontiers where gamification can contribute to sustainable consumption, and by extension, the United Nations Sustainable Development Goal (SDG) 12 on Responsible Consumption and Production.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"8 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142690785","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}
Alberto Tron, Federico Colantoni, Nunzio Celentano, Andrea Caputo
{"title":"Delving into the influence of sustainability strategy: Exploring the influence of sustainability committees on company performance","authors":"Alberto Tron, Federico Colantoni, Nunzio Celentano, Andrea Caputo","doi":"10.1002/bse.4042","DOIUrl":"https://doi.org/10.1002/bse.4042","url":null,"abstract":"This research delves into the connection between companies' adoption of sustainability strategies and the consequent effects this has on their overall performance. Based on a global panel of companies listed between 2015 and 2021, utilizing panel data analysis with fixed effects regression, the findings indicate that a genuinely implemented sustainable strategy significantly contributes to the enhancement of firm performance. Moreover, the efficacy of the sustainable strategy is shaped by its incorporation into ownership structures characterized by dispersed ownership, highlighting the pivotal role of board independence in fostering value creation. The study reveals variations specific to each sector, challenging the applicability of a universal approach across all industries. The findings highlight the importance of these approaches in cultivating favorable environmental results, emphasizing the vital links between environmentally sustainable business practices, strategic decision‐making, and their impact on the environment.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"255 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142690784","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":"What is in a Rating? Exploring the Link Between the Italian Legality Rating and Earnings Management","authors":"Federico Bertacchini, Carlotta Magri, Gianluca Gabrielli","doi":"10.1002/bse.4059","DOIUrl":"https://doi.org/10.1002/bse.4059","url":null,"abstract":"Corporate legality is a key dimension of business strategy. However, due to the difficulties associated with its measurement, little has been done to study the activities and behaviors that legally responsible companies enact towards their stakeholders. To address this gap, we consider the Italian Legality Rating (LR) as a proxy for corporate legality to study the earnings quality of legally responsible companies. Considering the theoretical framework of stakeholder theory and agency theory, we hypothesize that the LR scores and the presence of LR are associated with higher earnings quality. Based on a dataset of over 126,000 companies, the results of the analyses confirm our hypotheses and highlight the role of the LR as an effective tool to recognize ethically responsible companies. Our study provides valuable practical insights to private companies and public institutions.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"25 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142684274","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}
Muhammad Mushafiq, Błażej Prusak, Nicholas Apergis
{"title":"Net‐zero policy and forward default risk in the energy sector: Evidence of corporate environmentalism using (a)symmetric models","authors":"Muhammad Mushafiq, Błażej Prusak, Nicholas Apergis","doi":"10.1002/bse.4058","DOIUrl":"https://doi.org/10.1002/bse.4058","url":null,"abstract":"This study aims to examine the impact of the net‐zero policy on forward default risk at the firm level within the energy sector of the US, spanning over the period 2007–2021. The research employs Panel Vector Autoregression (PVAR) modeling, as well as linear and non‐linear Autoregressive Distributed Lag (ARDL) models to investigate this relationship. The findings suggest that the implementation of net‐zero policy measures can have complex effects on firms' default risk in both the short and long run. The PVAR results confirm a unidirectional negative impact of net‐zero policies on forward default risk over 2, 3, and 5 years. The symmetric ARDL model results show a negative long‐run impact on the future probability of default, with short‐run impacts being positive across all time horizons. The asymmetric ARDL model findings indicate that positive net‐zero measures reduce the probability of default in the long run and increase it in the short run across all time horizons. Conversely, negative shocks of net‐zero measures lead to an increase in the forward probability of default in the long run. The differences in findings between the long and short run are attributed to the effects of capital expenditures on infrastructure expenses required to achieve net‐zero results. This study contributes to the literature on financial outcomes and the impact of adopting sustainable development and net‐zero goals. The policy implications suggest that a supportive institutional framework must be provided to reduce the financial default in energy sector firms, which will assist in capital and infrastructure expenditures in the short run.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"15 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142684284","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":"Sustainable strategies and circular economy ecosystems: A literature review and future research agenda","authors":"Lucio M. Peçanha, João J. Ferreira","doi":"10.1002/bse.4022","DOIUrl":"https://doi.org/10.1002/bse.4022","url":null,"abstract":"Various social and political entities are now promoting sustainable industrialisation through cultural transformations in regulation via research, education, ethics, politics and governance. The increasing uncertainties around dealing with the scope of environmental challenges also emphasise the need to consider these issues as social‐ecological systems. Prior reviews on sustainable strategies and circular economies have not approached the literature from this angle. To address this gap, we carried out a systematic literature review to generate insights into the evolution of sustainable strategies for circular economy ecosystems. This review combines bibliometric techniques with content analysis to identify the main thematic groups and research trends. We also put forward a framework for circular ecosystem‐related sustainable strategies that may not only assist scholars, policymakers, organisations and stakeholders in advancing with their respective projects but also provide an agenda for future research on this field.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"55 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142679142","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":"Beyond technique: The role of the multidimensional nature of energy accounting in shaping a better world","authors":"Michela Magliacani, Gennaro Maione, Valentina Toscano, Daniela Sica","doi":"10.1002/bse.4048","DOIUrl":"https://doi.org/10.1002/bse.4048","url":null,"abstract":"Adopting the “multidimensional nature of accounting” framework, this study aims to identify what factors hinder the adoption of energy accounting as a practice that shapes a better world. This paper wants to highlight that the social and moral dimensions of accounting cannot be taken for granted, since they can provide insights to the professional and research debate. The case study methodology is used to investigate energy accounting in the first Italian Renewable Energy Community (REC). Data were collected through open interview and focus group and processed with a qualitative content analysis. The findings highlight some specific technical, social, and moral factors that hinder the adoption of energy accounting in practice. Key propositions are provided to help organizations understand how to adopt energy accounting, going beyond its mere technical nature. Ways forward are proposed to cultivate more significant levels of aspiration to reduce the disconnection between accounting theory and practice.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"63 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142673157","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}
Md. Shamim Talukder, Mohammad Islam Biswas, Nasreen Azad
{"title":"The role of online information sources in enhancing circular consumption behaviour: Fostering sustainable consumption patterns in the digital age","authors":"Md. Shamim Talukder, Mohammad Islam Biswas, Nasreen Azad","doi":"10.1002/bse.4053","DOIUrl":"https://doi.org/10.1002/bse.4053","url":null,"abstract":"Circular consumption is an element of the circular economy that is vital for fostering economic progress whilst addressing environmental degradation and resource scarcity. The majority of the existing studies on the circular economy focus on its organisational aspects and examine circular business models, including approaches to enhance circular value propositions and their advantages. However, the link amongst responsible consumption, digital technologies, consumer behaviour and the circular economy model has received limited attention. We aim to fill this gap by employing behavioural reasoning theory to investigate the intentions of consumers to engage in circular consumption behaviour. We enhance the theoretical robustness of our findings by integrating the theory of consumption values as ‘reason for’ and status quo bias theory as ‘reason against’. We conducted a questionnaire survey in two phases to validate our model and test our hypotheses. We collected our survey data from 305 respondents in Bangladesh and used partial least squares–structural equation modelling to validate our model. Results show that exposure to online information sources significantly influences the ‘reasons for’ and ‘reasons against’ factors. These two factors also demonstrate positive and negative associations with circular consumption behaviour, respectively. These findings offer important insights for service providers, policymakers and government entities.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"13 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142670485","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}