Business Strategy and The Environment最新文献

{"title":"Task‐Based Board Diversity, Firm Performance, and the Mediating Role of Corporate Sustainability Practices","authors":"Um‐E‐Roman Fayyaz, Raja Nabeel‐Ud‐Din Jalal, Michelina Venditti, Gianluca Antonucci","doi":"10.1002/bse.4329","DOIUrl":"https://doi.org/10.1002/bse.4329","url":null,"abstract":"Task‐based diversity among corporate board members, based on specific functional attributes and experiences (age, tenure, and experience) can impact the firm according to both resource‐based view and agency theory. Following this, we explore the relationship between task‐based board diversity and corporate firm performance, analyzing a sample of 73 nonfinancial European sustainable firms over the period 2016–2020. Our findings reveal that the task‐based board diversity has a negative impact on firm performance. Furthermore, results show that corporate sustainability practices mediate the relationship between task‐based board diversity and firm performance. This counterintuitive effect may arise because diverse functional attributes can lead to frictions or misalignments in board decisions, especially when integrating sustainability practices, which complicates the strategy consensus needed for effective governance. These findings provide a nuanced understanding of the relationship between task‐based board diversity, corporate performance, and sustainability practices. Also, it highlights the inherent complexity and potential tensions in balancing these critical factors.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"48 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143920164","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":"Developing Green Hydrogen‐Based Regenerative Supply Chain Strategies for a Sustainable Future: An Empirical Study","authors":"Surajit Bag, Shivam Gupta, Carlos Galera‐Zarco, Issam Laguir","doi":"10.1002/bse.4334","DOIUrl":"https://doi.org/10.1002/bse.4334","url":null,"abstract":"Climate change poses a significant challenge for governments and businesses around the world. Amidst the increasing calls for decarbonization of the economy to combat climate change, policymakers and decision‐makers are carefully considering the advantages and disadvantages of green hydrogen. To enable a successful green hydrogen economy, all participants must emphasize the green hydrogen regenerative supply chain and prioritize the reconfiguration of tacit, rare, and socially complex resources. This concerted effort is essential for building green hydrogen regenerative supply chain capabilities. However, it is worth noting that the existing literature falls short in providing empirical evidence regarding the direct impact of such resources on organizational capabilities and the methods by which dynamic capabilities are cultivated to thrive in the rapidly changing business environment. Hence, the study firstly aims to identify and examine the effect of tactic resources, rare resources, and socially complex resources that help to build organization capabilities or zero‐level capabilities (i.e., pollution prevention capabilities and product stewardship capabilities). Second, the study investigates how the firm recombines or reconfigures its organization capabilities or zero‐level capabilities (i.e., pollution prevention capabilities and product stewardship capabilities) into first‐order capabilities or dynamic capabilities (i.e., green hydrogen regenerative supply chain capabilities) that better fit its environment. Thirdly, the study aims to understand how dynamic capabilities (i.e., green hydrogen regenerative supply chain capabilities) help to achieve enhanced operational performance. The data has been analyzed using empirical methods, and the findings provide interesting insights for research scholars, practitioners and policy makers.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"22 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143920163","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":"Exploring the Potential and Limits of Green and Sustainable Agribusiness Practices as a Driver of Environmental Management","authors":"Nidhi Sahore, Usama Awan, Varun Chotia, Vaishali Agarwal","doi":"10.1002/bse.4320","DOIUrl":"https://doi.org/10.1002/bse.4320","url":null,"abstract":"Sustainability in agriculture balances food production and food security aspects while addressing environmental and economic concerns. The study aims to identify and conceptualize the critical green and sustainable agricultural practices and expound on the drivers and barriers associated with their adoption. Data collection through open‐ended essay questions allowing participants to use their frame of reference to share nuanced perspectives on drivers and barriers of sustainable agribusiness practices has sought answers from agribusinesses, experts, and the farming community. It identifies aspects of sustainable agricultural practices drivers and barriers through the lens of the diffusion of innovation theory as that has the potential to promote the diffusion of innovation boosting the adoption of sustainable agricultural practices. The study's findings reveal the adoption readiness metrics based on the perceived attributes of innovation concerning perceived benefits, alignment with values and needs, perceived difficulty, opportunity for experimentation, and visible benefits to others that can help address the innovation diffusion complexities. The study contributes to the existing literature by bringing forth the sustainable agricultural practices adopted by the farmers and the agribusinesses, wherein climate resilience and adaptation, cost savings, health and safety, market competitiveness, ecosystem protection, and social and community engagement along with government support have a bearing on why climate‐smart practices are essential. This research advances sustainable agricultural practices by suggesting that transitioning to sustainable practices requires upfront costs, knowledge, and training‐based technology implementation backed by ample infrastructure enabled through policy. The novel study confirms the vital role of macrolevel factors in the task and functional‐level environments in realizing strategic agricultural sustainability objectives.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"13 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143915487","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":"The Moderating Effect of Relational Capital and Board Gender Diversity on the Relationship Between Environmental Performance and Firm Performance in the Airline Industry","authors":"Wen‐Min Lu, Hsiu‐Fei Wang, Thi Hoang Yen Nguyen","doi":"10.1002/bse.4330","DOIUrl":"https://doi.org/10.1002/bse.4330","url":null,"abstract":"This study introduces a novel moderated moderating framework to investigate the influence of relational capital on the relationship between environmental and firm performances in the airline industry, with board gender diversity as a moderating factor. It employs a chance‐constrained network data envelopment analysis approach based on an enhanced Russell‐based directional distance measure to address the randomness of data and assess airline efficiencies. This study also conducts a biplot analysis to identify the advantages and disadvantages of airlines based on their efficiencies. The results from an analysis of 40 airlines show that environmental performance has a more significant effect on profitability than on operational efficiency. Notably, relational capital does not always enhance the relationship between environmental and firm performances; instead, it moderates the relationship between environmental performance and profitability efficiency when the board gender diversity of the firm is high.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"25 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143915479","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":"The Impact of Digital Leadership on Performance: Examining the Roles of Big Data Analytical Capabilities, Green Innovation, and AI Change Readiness in Italian SMEs","authors":"Junaid Aftab, Maria Rucsandra Stan, Mohit Srivastava, Feng Wei, Nabila Abid","doi":"10.1002/bse.4322","DOIUrl":"https://doi.org/10.1002/bse.4322","url":null,"abstract":"In today's rapidly transforming world, a leader's digital capabilities have become crucial for firms to achieve better performance. This study examines the influence of digital leadership (DL) capabilities on performance (both economic and environmental) with the inclusion of multiple mediators and a moderator. Specifically, three interesting but complex relationships are examined: (1) the mediation of big data analytical capabilities (BDAC) between DL capabilities and green innovation (GI), (2) the indirect effect of GI between BDAC and performance, and (3) the moderating effect of artificial intelligence (AI) change readiness on the relationship between DL capabilities and BDAC. These relationships are tested with time‐lagged data from 221 small‐ and medium‐sized enterprises (SMEs). Structural equation modeling results demonstrate that BDAC significantly mediates the relationship between DL capabilities and GI. Additionally, GI significantly mediates BDAC's effect on both economic and environmental performance. Finally, AI change readiness significantly strengthens the ties between DL capabilities and BDAC. The findings extend the leadership, AI, big data, and GI literature and highlight how their interplay can be beneficial for achieving better environmental and economic performance in the digital era.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"13 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143905541","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":"Evaluating Companies' Impression Management Tactics in Mandatory Sustainability Reporting","authors":"Antonio Iazzi, Armando Papa, Rosa Palladino, Simona Lamusta","doi":"10.1002/bse.4326","DOIUrl":"https://doi.org/10.1002/bse.4326","url":null,"abstract":"The study aims to investigate how a sample of Italian companies adopt impression management (IM) tactics in sustainability reports under mandatory sustainability disclosure regulations. Using longitudinal panel data analysis on sustainability reporting and firm features of 76 Italian companies over 5 years, it evaluates the influence of GRI, integrated reporting, and corporate characteristics on adopting assertive, performance‐oriented, and defensive impression IM strategies. IM in corporate social responsibility (CSR) disclosure refers to the use of communication to shape stakeholders' perceptions of organizations' social and environmental performance. The findings reveal a dominance of assertive tactics, particularly in the manufacturing and electronics sectors, while performance‐oriented strategies are more prevalent in industries with measurable outcomes, such as utilities. Defensive tactics are marginally used, reflecting a preference for proactive image building. Larger firms tend to adopt performance‐oriented and defensive tactics, driven by visibility and reputational risks. Integrating sustainability disclosures discourages assertive tactics, while GRI compliance promotes assertive and performance‐oriented strategies. The results highlight the strategic role of IM in balancing reputational goals and regulatory compliance, thus supporting legitimacy theory, indicating that businesses strategically employ non‐financial reporting to align with prevailing societal norms and expectations. This study contributes to the debate on IM, providing social and environmental policy implications, with a focus on climate change. Specifically, it offers theoretical contributions by advancing the understanding of IM within mandatory reporting frameworks and emphasizing the role of regulatory and sectorial dynamics in shaping corporate disclosure strategies. Practical implications for CEOs and policymakers are also discussed, highlighting that CEO letters should focus on aligning corporate sustainability goals with stakeholder values and prioritizing transparency and trustworthiness in sustainability communication while depicting a comprehensive integrated scenario of companies' non‐financial performance. Assertive tactics could highlight directly actual achievements, but excessive use may trigger stakeholder skepticism. Integrating performance‐oriented narratives supported by quantifiable metrics strengthens the credibility of non‐financial disclosures, while defensive strategies should be limited to addressing concrete reputational threats. From policymakers' perspectives, sector‐specific standards and independent oversight, through audit committees and board independence, are considered to align with long‐term sustainability goals and promote stakeholders' engagement.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"19 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143902913","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":"Role of Greenwashing in Influencing Brand Attitude and Consumption: Identifying Sustainable Business Strategies","authors":"Anis Ur Rehman, Sushant Kumar, Rsha Alghafes, Laura Broccardo, Ajay Kumar Patel","doi":"10.1002/bse.4300","DOIUrl":"https://doi.org/10.1002/bse.4300","url":null,"abstract":"With firms' increasing adoption of green marketing strategies, greenwashing is also becoming more prevalent. Despite the negative consequences of greenwashing, limited studies have investigated its impact on attitude and consumption. Earlier studies have used greenwashing as a one‐dimensional construct and do not distinguish between different greenwashing practices. Based on the integrated framework of the Attribution Theory and the elaboration likelihood model, this study examines the effects of situational involvement with greenwashing practices on perceived greenwashing, green skepticism, and ultimately, brand attitude and purchase intention. Additionally, it investigates the moderating effect of environmental knowledge. Using a cross‐sectional research design, the study uses structural equation modeling to analyze the data collected from 353 US consumers. Findings suggest that greenwashing practices influence attitude and purchase intentions. The mediating role of green skepticism was also established. Additionally, the study highlights environmental knowledge's moderating role in the relationships studied. The results have implications for sustainable business practices and improving positive brand attitudes and green consumption by understanding customer perception of greenwashing.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"20 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143898126","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":"Advancing Business Strategy in End‐Of‐Life Management for the Fashion Industry","authors":"Giuseppe Bonifazi, Idiano D'Adamo, Chiara Grosso, Roberta Palmieri","doi":"10.1002/bse.4318","DOIUrl":"https://doi.org/10.1002/bse.4318","url":null,"abstract":"Fast fashion is disrupting circularity in the fashion industry, necessitating strategic business models fostering sustainable production. However, there is a gap in the literature regarding criteria for assessing the end‐of‐life (EoL) management of textile products. The present study aimed to identify the most effective EoL strategies to support fashion companies in closing the loop, comparing reuse, mechanical recycling, and chemical recycling against landfill disposal. Using multicriteria decision analysis (MCDA), the research engaged with diverse stakeholder categories (i.e., academics, industry professionals, consultants, and politicians) to evaluate several aspects of sustainability. The results highlight the dominant role played by sustainable policy considerations over economic and environmental factors and the relatively lower weight given to technological and social aspects. Reuse emerged as the most beneficial strategy, followed by mechanical recycling and chemical recycling. Additionally, the results underscore the urgency of avoiding landfill disposal. The findings offer a strategic framework for promoting textile EoL management, in alignment with Sustainable Development Goal 12.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"72 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143901554","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":"Untangling Companies' Engagement With Biodiversity: A Systematic Literature Review and Research Agenda","authors":"Francesco Testa, Duccio Tosi, Sara Tessitore, Niccolò Maria Todaro, Vinicio Di Iorio","doi":"10.1002/bse.4324","DOIUrl":"https://doi.org/10.1002/bse.4324","url":null,"abstract":"The current rapid and massive biodiversity decline the world is experiencing poses serious threats to the health of natural ecosystems and their ability to provide the services that the socioeconomic system relies on. Organizations are key players in this dynamic, as they have a significant impact on biodiversity while also heavily depending on it. Recently, there has been increased attention and effort in the management literature to understand how companies can manage biodiversity. However, there has been no comprehensive analysis of this strand of literature that synthesizes and elaborates how corporate strategies toward biodiversity are shaped. To fill this gap, the purpose of the paper is to organize the existing literature through a conceptual framework that provides a representation of the mechanisms underlying companies' strategizing process in relation to biodiversity. A systematic review of 151 papers reveals that corporate biodiversity management strategies can take on different systemic traits and regenerative scopes depending on companies' understanding and internalization of their impact–dependence relationship with nature. Moreover, we show how the organizational field can influence such understanding and stimulate or inhibit the conversion of a systems perspective into a coherent biodiversity management strategy. Beyond providing conceptual ground on how companies engage with biodiversity at the strategic level, we outline future research avenues, while also developing recommendations for further theory development.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"6 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143898127","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":"Exploring the Interrelationship Between Energy, Geopolitical Risk, and Bitcoin Based Green Business Strategies","authors":"Pooja Kumari, Amit Shankar, Rsha Alghafes, Laura Broccardo, Steven T. Walsh","doi":"10.1002/bse.4290","DOIUrl":"https://doi.org/10.1002/bse.4290","url":null,"abstract":"This study examined how Bitcoin, energy prices, and geopolitical risk interact by examining the first four moments (mean, variance, skewness, and kurtosis) of their return distributions by using wavelet analysis. The findings reveal that the co‐movement patterns of energy index, geopolitical risk index, and Bitcoin prices are time and frequency sensitive. During the turbulent period of 2020–2024, significant cross effect was observed at medium‐ and long‐term time scales in the relationship between the energy index and the geopolitical risk index. Similarly, in the case of Bitcoin and the geopolitical risk index, significant cross‐effects were detected at medium‐ and short‐term time scales. From 2021 onwards, a strong coherence is observed at high and medium frequencies for all four moment pairs among Bitcoin, energy prices, and geopolitical risk. In terms of the Bitcoin‐energy relationship, significant co‐movement in mean and volatility is noted throughout most of the sample period and across different frequency bands. Moreover, cross‐skewness and cross‐kurtosis connections are more prominent at short‐ and medium‐term horizons, especially during covid pandemic. These insights are valuable for investors and policymakers in risk management.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"111 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143898042","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}