Business Strategy and The Environment最新文献_第2页

Correction to “The Influence of Greenwashing Practices on Brand Attitude: A Multidimensional Consumer Analysis in Germany” 更正“洗绿行为对品牌态度的影响：德国消费者的多维分析”

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-10-06 DOI: 10.1002/bse.70166

引用次数: 0

Do Sustainable Development Goal Disclosure Matter? Unpacking Value Relevance in the European Context 可持续发展目标信息披露重要吗？在欧洲背景下拆解价值相关性

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-10-05 DOI: 10.1002/bse.70254

Gianluca Gabrielli, Pier Luigi Marchini, Dalila Baldini

引用次数: 0

Total Energy Use, Clean Energy, and Corporate Carbon Emissions: The Moderating Role of Firm‐Level Environmental Governance 能源使用总量、清洁能源和企业碳排放：企业层面环境治理的调节作用

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-10-04 DOI: 10.1002/bse.70245

Naila Rafique, Zhe Liu, Mushtaq Hussain Khan

{"title":"Total Energy Use, Clean Energy, and Corporate Carbon Emissions: The Moderating Role of Firm‐Level Environmental Governance","authors":"Naila Rafique, Zhe Liu, Mushtaq Hussain Khan","doi":"10.1002/bse.70245","DOIUrl":"https://doi.org/10.1002/bse.70245","url":null,"abstract":"This study explores the interconnections between total energy use, clean energy, and corporate carbon emissions, with a focus on the moderating role of firm‐level environmental governance. We use an unbalanced panel dataset that includes 35,504 firm‐year observations from 11 industries and 24 Asian countries, covering the years 2016–2023. For our baseline analysis, we apply generalized least squares (GLS) regression. Our findings show that higher total energy consumption increases corporate carbon emissions. In contrast, transitioning to clean energy significantly reduces emissions. Additionally, firm‐level environmental governance weakens the relationship between total energy consumption and emissions. It also strengthens the effect of clean energy adoption on reducing emissions, thus improving the overall effectiveness of clean energy transition. Although firm‐level environmental governance significantly reduces carbon emissions across all industries, clean energy adoption has a limited impact in environmentally sensitive industries. This limitation may be due to high energy demands and structural constraints in Asian markets. To address potential endogeneity arising from simultaneity, omitted variables, measurement error, and the dynamic nature of the model due to lagged values of carbon emissions, we use the two‐step dynamic system generalized method of moments approach. Our results remain robust to alternative methods and measures. This study advances the literature on corporate governance and environmentalism by emphasizing the importance of environmental governance in reducing corporate carbon emissions, thereby supporting the UN's 2030 sustainability agenda.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"349 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145246401","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

Leveraging Green Intellectual Capital for Sustainability: The Strategic Role of Green Business Strategy and Green Technology Adoption 利用绿色智力资本促进可持续发展：绿色商业战略和绿色技术采用的战略作用

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-10-04 DOI: 10.1002/bse.70249

Yasir Tariq Mohmand, Tahir Abbas Syed, Javeria Aftab, Fahad Mehmood

{"title":"Leveraging Green Intellectual Capital for Sustainability: The Strategic Role of Green Business Strategy and Green Technology Adoption","authors":"Yasir Tariq Mohmand, Tahir Abbas Syed, Javeria Aftab, Fahad Mehmood","doi":"10.1002/bse.70249","DOIUrl":"https://doi.org/10.1002/bse.70249","url":null,"abstract":"Sustainability research has yet to clarify how firms convert their environmental knowledge into measurable performance outcomes. Addressing this gap, we develop and test a novel dual‐pathway framework in which green intellectual capital (GIC), the firm's environmental know‐how and capabilities, drives sustainable performance through two intertwined mechanisms. Analyzing survey data from 367 manufacturing firms, our findings show that GIC significantly enhances sustainable performance when strategically embedded via a green business strategy and that the high levels of green technology adoption further strengthen the strategic conversion of GIC into environmental and economic gains. Our post hoc analysis further identifies distinct first‐order dimensions of GIC exert differential effects on sustainability, underscoring the need for targeted knowledge investments. The originality of this study lies in uncovering this moderated‐mediation mechanism for the first time, thereby integrating intellectual capital theory with resource‐based and dynamic‐capabilities perspectives in the sustainability domain. We advance understanding of how intangible environmental assets can be strategically and technologically leveraged, offering clarity on how firms can effectively harness their intangible assets for sustainability.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"16 3 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145246412","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

Assessing the Impact of Gender Diversity on ESG Performance in European Banks: A Generalized Estimating Equations Approach With Goodness‐of‐Fit Insights 评估性别多样性对欧洲银行ESG绩效的影响：具有拟合优度见解的广义估计方程方法

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-10-03 DOI: 10.1002/bse.70234

Luana Serino, Anna Crisci, Francesco Campanella, Pasquale Sarnacchiaro

{"title":"Assessing the Impact of Gender Diversity on ESG Performance in European Banks: A Generalized Estimating Equations Approach With Goodness‐of‐Fit Insights","authors":"Luana Serino, Anna Crisci, Francesco Campanella, Pasquale Sarnacchiaro","doi":"10.1002/bse.70234","DOIUrl":"https://doi.org/10.1002/bse.70234","url":null,"abstract":"This study investigates the impact of gender diversity in governance—specifically the presence of women on boards and in top management—on both financial and ESG (Environmental, Social, and Governance) performance in the European banking sector. While prior literature has largely focused on non‐financial firms, our research addresses this gap by examining listed banks across Europe over a four‐year period (2019–2022). Using a generalized estimating equations (GEE) framework suitable for longitudinal data, we provide robust empirical evidence of a positive relationship between gender diversity and sustainable performance outcomes. We introduce, within the GEE context, coefficients of determination based on three statistics: Wald, adjusted likelihood ratio (LR) test and adjusted Lagrange multiplier (LM). In particular, we suggest LR based on the Wald statistic with the GEE robust covariance matrix, and we replace the Wald statistic with the GEE robust covariance matrix in the LM statistic. Our findings suggest that gender‐diverse leadership teams not only enhance financial performance but also strengthen ESG engagement, underlining the strategic relevance of inclusive governance in the banking industry. The study offers important managerial and policy implications, particularly in support of regulatory efforts aimed at increasing female representation in financial leadership.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"503 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145246556","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

Turning Waste Into Value: A Design Strategy for Sustainable Deposit‐Refund Systems 将废物转化为价值：可持续押金退款系统的设计策略

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-10-02 DOI: 10.1002/bse.70247

Armando Calabrese, Roberta Costa, Francesca Di Pillo, Arash Haqbin, Nathan Levialdi Ghiron, Luigi Tiburzi

{"title":"Turning Waste Into Value: A Design Strategy for Sustainable Deposit‐Refund Systems","authors":"Armando Calabrese, Roberta Costa, Francesca Di Pillo, Arash Haqbin, Nathan Levialdi Ghiron, Luigi Tiburzi","doi":"10.1002/bse.70247","DOIUrl":"https://doi.org/10.1002/bse.70247","url":null,"abstract":"The challenge of single‐use plastics (SUPs) and packaging waste has intensified in recent years, with deposit‐refund systems (DRS) emerging as one of the most effective solutions. Although DRS improve recycling rates, their adoption is often hindered by high setup costs and uncertain cost‐effectiveness. This study addresses a central question in waste management: how to design economically viable and scalable DRS. Adopting a design science research strategy, the study proceeds in three phases. First, it reviews existing DRS operating modes and identifies key design parameters. Second, it tests a set of recommendations, ‘technological rules’ in design science, through a scenario‐based analysis applied to a DRS for polyethylene terephthalate (PET) in Italy. Third, it generalises the results into a transferable adoption procedure. The findings reveal trade‐offs between environmental ambition and economic sustainability, underscoring the importance of designing systems that are adaptable to specific national and regional contexts. The study provides policymakers with a structured procedure for adopting economically viable DRS aligned with circular economy goals.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"125 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145254522","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 and the Value of Institutional Shareholders: Evidence From the Paris Agreement 气候变化与机构股东价值：来自《巴黎协定》的证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-10-02 DOI: 10.1002/bse.70239

Pattarake Sarajoti, Pattanaporn Chatjuthamard, Pornsit Jiraporn, Sang Mook Lee

{"title":"Climate Change and the Value of Institutional Shareholders: Evidence From the Paris Agreement","authors":"Pattarake Sarajoti, Pattanaporn Chatjuthamard, Pornsit Jiraporn, Sang Mook Lee","doi":"10.1002/bse.70239","DOIUrl":"https://doi.org/10.1002/bse.70239","url":null,"abstract":"We investigate the impact of institutional ownership on shareholder value around the adoption of the Paris Agreement, a historic global accord endorsed by nearly all nations and one of the most crucial climate change initiatives in history. Using event study methodology, we find that firms with higher institutional ownership experienced significantly more favorable stock market reactions, suggesting that institutional shareholders play a crucial role in promoting corporate sustainability. In particular, a rise in institutional ownership by one standard deviation improves the stock market reactions by 10.6%. Additionally, using innovative text‐based metrics derived from machine learning algorithms, we analyze the effects of firm‐specific climate change exposure, finding that whereas physical risks considerably moderate the positive impact of institutional shareholders, regulatory risks and new business opportunities do not. Our results highlight the critical importance of institutional investors in enhancing shareholder value and driving corporate climate responses, providing key insights for policymakers and business leaders.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"24 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145254517","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

Does CEO Personal Environmental Value Matter? CEO个人环境价值重要吗？

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-10-02 DOI: 10.1002/bse.70228

Christian Harding, Choy Yeing Ho, Joey Yang

引用次数: 0

What Role Do Scope 3 Emissions Play in the Carbon Financial Performance Context? Evidence From Disentangling of Scopes 1, 2, and 3 Emission Performance Within the Science‐Based Targets Initiative Setting 范围3排放在碳财务绩效中扮演什么角色？在基于科学的目标倡议设定中，范围1、2和3排放绩效的解纠缠证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-10-02 DOI: 10.1002/bse.70219

Christoph Kayser, Martin Schüder, Benedikt T. Retsch, Henning Zülch

{"title":"What Role Do Scope 3 Emissions Play in the Carbon Financial Performance Context? Evidence From Disentangling of Scopes 1, 2, and 3 Emission Performance Within the Science‐Based Targets Initiative Setting","authors":"Christoph Kayser, Martin Schüder, Benedikt T. Retsch, Henning Zülch","doi":"10.1002/bse.70219","DOIUrl":"https://doi.org/10.1002/bse.70219","url":null,"abstract":"Former research has predominantly focused on Scope 1 and 2 emissions when examining the relationship between corporate carbon performance and corporate financial performance. This study investigates this relationship in greater detail by disentangling the financial relevance of Scopes 1, 2, and 3 emissions specifically for firms engaged in the science‐based targets initiative (SBTi). Notably, Scope 3 emissions account for the largest share of SBTi‐engaged firms' carbon footprint. Leveraging a comprehensive dataset covering 1,434 firms that comprises 6642 firm‐year observations from 2016 to 2023, we apply a firm‐ and year‐fixed effects panel regression model. The results demonstrate that reductions in Scope 1 and Scope 2 emissions are positively correlated with financial performance. In contrast, Scope 3 emissions do not appear to significantly influence financial outcomes. The research addresses a vital gap in understanding the relationship between Scope 3 emissions and financial performance. To assess the robustness of our results, we conduct additional tests including industry and country fixed effects as well as Heckman two‐stage estimation. The results highlight the necessity for managers to prioritize the reduction of directly controllable emissions while also strategically planning for the long‐term reduction of Scope 3 emissions.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"30 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145254773","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

Consumers' Willingness to Pay for Sustainable Mobile Phones: An Adaptive Choice‐Based Conjoint and Market Simulation Approach Testing a Multi‐Level Eco‐Score 消费者购买可持续手机的意愿：基于自适应选择的联合和市场模拟方法测试多层次生态评分

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-10-02 DOI: 10.1002/bse.70241

Jens Bergener, Kathleen Jacobs, Marek Veneny, Maike Gossen

{"title":"Consumers' Willingness to Pay for Sustainable Mobile Phones: An Adaptive Choice‐Based Conjoint and Market Simulation Approach Testing a Multi‐Level Eco‐Score","authors":"Jens Bergener, Kathleen Jacobs, Marek Veneny, Maike Gossen","doi":"10.1002/bse.70241","DOIUrl":"https://doi.org/10.1002/bse.70241","url":null,"abstract":"This study investigates the impact of a multi‐level eco‐score on willingness to pay for sustainable mobile phones. Using adaptive choice‐based conjoint analysis and market simulation, the study evaluates the effectiveness of a traffic light‐colored multi‐level eco‐score in a realistic market scenario. Results reveal that higher eco‐score levels significantly enhance consumer preferences and willingness to pay for sustainable mobile phones, with top‐tier eco‐scores (“A” and “B”) being notably preferred. The study highlights that improvements in eco‐score levels lead to a stronger increase in consumer preference shares compared to other product attributes. Additionally, consumers exhibit a progressively higher willingness to pay for mobile phones with superior eco‐score levels, indicating potential financial benefits for manufacturers investing in higher environmental performance. This study makes an important contribution by addressing the under‐researched area of multi‐level eco‐labelling in consumer electronics and demonstrating the practical relevance of multi‐level labels in influencing market dynamics and driving sustainable consumer behavior.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"114 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145254520","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