Business Strategy and The Environment最新文献

{"title":"Can Sustainability Disclosure Affect Crowdfunding Success?","authors":"Simona Barone","doi":"10.1002/bse.70010","DOIUrl":"https://doi.org/10.1002/bse.70010","url":null,"abstract":"Sustainability has emerged as a critical element in entrepreneurial finance, yet its role in reward‐based crowdfunding (RBC) remains underexplored. Existing studies on sustainability and crowdfunding primarily focus on equity‐based models, specific project types, or single‐country analyses, leading to mixed findings and limited generalizability. To address this gap, we conducted a cross‐country study assessing how sustainability disclosure influences RBC crowdfunding success. Using a novel machine learning approach, we objectively classify campaign sustainability orientation, overcoming the subjectivity of traditional keyword‐based methods. Analyzing 1838 Kickstarter campaigns across Europe, we find that sustainability disclosure increases funds raised by 70.4% and success probability by 10%, accounting for several control variables. These results provide empirical evidence that sustainability serves as a quality signal, mitigating information asymmetry and significantly increasing campaign success. Our study advances the entrepreneurial finance literature by demonstrating the positive impact of sustainability disclosure in crowdfunding and introducing a machine learning–based methodology for objective sustainability classification. Beyond theoretical contributions, the findings offer practical implications for entrepreneurs and platform regulators, emphasizing the strategic importance of transparent sustainability communication to ensure crowdfunding success.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"17 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144218660","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":"Are Artificial Intelligence and Circular Economy Activities ‘Run‐of‐the‐Mill’ in Integrated Reporting?","authors":"Sarfraz Nazir, Federica Doni, Alessandro Capocchi, Amna Sarfraz","doi":"10.1002/bse.4351","DOIUrl":"https://doi.org/10.1002/bse.4351","url":null,"abstract":"This study aims to investigate the nexus of artificial intelligence (AI) and circular economy (CE) activities in integrated reporting (IR) practices. The study used data on the top 100 most sustainable corporations provided by Corporate Knights, which analyses roughly 7000 public firms with annual revenue of at least US$ $1 billion and the Dow Jones Sustainability Index (DJSI). Our research methodology consists of content and regression analysis. Research uncovered that both AI and CE initiatives aimed at reducing, recycling, remanufacturing and redesigning have connections to waste. Remanufacturing activities are linked to energy intensity, while all CE and AI variables, except for reuse, are associated with water usage. Additionally, we found that the company's revenue is linked to CE and AI efforts involving reduction, reuse, redesign and remanufacturing. The originality of this study is to provide a primary conceptual framework to disclose relevant AI and CE activities through IR by improving sustainable development. Our findings highlight the need for policymakers to develop or integrate standards that incorporate financial, social, environmental and AI aspects.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"168 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144210983","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 Article “What Is a Sustainable Company?”","authors":"","doi":"10.1002/bse.70012","DOIUrl":"https://doi.org/10.1002/bse.70012","url":null,"abstract":"","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"4 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144202178","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 Finance Disclosure Versus Performance: A Clustering Approach","authors":"Veronica Distefano, Vincenzo Gentile, Paolo Antonio Cucurachi, Sandra De Iaco","doi":"10.1002/bse.4362","DOIUrl":"https://doi.org/10.1002/bse.4362","url":null,"abstract":"The Sustainable Finance Disclosure Regulation (SFDR) imposes on investment companies the publication of sustainability related profiles of the portfolio creation process. This obligation seeks to enhance the information provided to customers on financial products with regard to the Environmental, Social and Governance (ESG) criteria. In order to understand to which extent this information is relevant for investment decisions, the reliability of the classification among funds with a different ESG focus (articles 6, 8, and 9) is studied from a financial perspective and verified through a hierarchical cluster analysis on principal components of the performance measures of various funds distributed in Europe.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"35 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144193045","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 ESG‐Related, Financial, and Geopolitical Uncertainties on the Renewable Energy Transition in the United States","authors":"Oktay Özkan, Mustafa Naimoğlu, Mehmet Metin Dam","doi":"10.1002/bse.70004","DOIUrl":"https://doi.org/10.1002/bse.70004","url":null,"abstract":"The transition to renewable energy sources is imperative for sustainable economic growth (GDP) and environmental resilience. The present study examines the impact of economic policy uncertainty (EPU), geopolitical risk (GPR), financial market uncertainty (FMU), GDP, trade openness (TRA), and environmental, social, and governance‐related uncertainty (ESGU) on renewable energy transition (RET) in the United States from 2002 to 2023. The utilization of nonlinear approaches, namely, kernel‐based regularized least squares (KRLS), and Rényi‐based effective transfer entropy (RETE), facilitates the revelation of heterogeneous relationships and causal influences among these factors. The empirical findings reveal that ESGU, FMU, EPU, GPR, and TRA variables have positive and significant effects on the transition to renewable energy, whereas GDP has a negative and significant effect on the transition, especially according to the RETE analysis that takes into account outliers and nonlinear interactions. On the other hand, average marginal effect (AME) results assessing the conditional mean effects reveal that ESGU and FMU have negative and significant effects on the transition to renewable energy, whereas EPU, GPR, GDP, and TRA variables have positive and significant effects on the transition. These findings highlight the importance of reducing market uncertainty and fostering stable policy environments to accelerate the RET. Our study contributes to literature by employing advanced nonlinear methodologies, offering a nuanced understanding of the dynamic interactions influencing renewable energy adoption. Policy recommendations include enhancing regulatory stability, promoting sustainable investments, and taking financial and GPR into account to facilitate a smoother transition toward a greener economy.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"5 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144202180","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":"Leading the Way Towards Greener Business Models in the Wine Industry","authors":"Eduardo Sánchez‐García, Javier Martínez‐Falcó, Bartolomé Marco‐Lajara, Laura Abraham","doi":"10.1002/bse.70006","DOIUrl":"https://doi.org/10.1002/bse.70006","url":null,"abstract":"This study connects ethical leadership and green management to unlock the knowledge behind sustainability success, investigating the impact of environmental management and ethical leadership on the green performance of firms, both directly and indirectly, through the mediating role of green knowledge sharing, providing a framework for understanding how these factors interplay to drive sustainability within organizations. Data were collected from a sample of 207 wineries, and their analysis was carried out using the PLS‐SEM technique. The findings show that environmental management and ethical leadership positively and significantly influence green performance and that green knowledge sharing has a mediating role in these relationships. It is concluded that firms should adopt a holistic approach to sustainability, integrating environmental management practices and ethical leadership with effective knowledge sharing mechanisms to reduce the environmental impact of business activities on the natural environment. This research has significant theoretical, managerial, and policy implications.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"8 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144202188","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":"Inventory Knowledge, Industry 5.0 and Performances: Review and Future Research Agenda","authors":"Rashmi Ranjan Panigrahi, Avinash K. Shrivastava, Bishal Dey Sarkar, Mathiyazhagan Kaliyan","doi":"10.1002/bse.70002","DOIUrl":"https://doi.org/10.1002/bse.70002","url":null,"abstract":"Inventory management (IM) is emerging as a focal point in Industry 5.0 (I5.0), especially within the manufacturing setups, because of its alignment with the environmental and sustainability goals of the firm's operation. This research explores the disparity between theoretical views and practical applications of IM, highlighting the significance of domain‐specific knowledge and its impact on the I5.0 principles that guide manufacturing operations. Utilizing a systematic literature review approach, the research explores recent theoretical and practical developments in IM and I5.0, focusing on how firms strategically leverage and optimize the utilization of IM. The inquiry progressed through a three‐stage review process of IM and I5.0 literature. From an initial sample of 698 documents between 2020 and 2024, exclusion criteria narrowed the sample to 210 relevant articles and review studies in the business and management disciplines, eventually narrowing down to industry relevance, theoretical adequacy, and scope. After rigorous filtration, the research identifies and theoretically argues both conventional and advanced IM practices adopted over the last 7 years, with a special emphasis on knowledge inventory know‐how in the context of I5.0. It also explores how I5.0 moderates the relationship between inventory management practices (IMPs) and operational performance. Based on the 41 high‐quality research output reviews, the study establishes a theoretical link between I5.0, IMPs, and knowledge inventory know‐how for enhancing operational performance. The theoretical discussion highlights research gaps and suggests a roadmap for future research into IM and I5.0 through an articulated conceptual research model. The model shows a path toward adopting advanced IMP and knowledge inventory know‐how under I5.0 to improve manufacturing operational performance. This research provides valuable insights for industry practitioners seeking to integrate I5.0 concepts into sophisticated IMPs, ensuring a seamless and efficient operational flow.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"8 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144193043","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":"Modeling the Role of Big Data Analytics Capabilities in Impacting Corporate Environmental Performance: A Serial Mediation Analysis","authors":"Leul Girma Haylemariam, Rana Muhammad Umar, Stephen Oduro","doi":"10.1002/bse.4373","DOIUrl":"https://doi.org/10.1002/bse.4373","url":null,"abstract":"Big data analytical capabilities (BDAC) have emerged as a significant strategic tool for enhancing environmental performance in today's ever‐growing green and digital economy. However, the serial process through which BDAC influences environmental performance remains understudied, particularly in multinational corporations (MNCs). Drawing on the dynamic capability view (DCV) and the natural resource‐based view (NRBV), this study constructs a serial mediation model to explore the connection between BDAC, ambidextrous green innovation, green competitive advantage, and corporate environmental performance. A cross‐sectional survey involving 244 MNCs in Germany was used for the analysis. The data were analyzed using partial least squares structural equation modeling (PLS‐SEM). Our findings reveal that the impact of BDAC on environmental performance is sequential, occurring through ambidextrous green innovation and the development of green competitive advantage. Specifically, BDAC leads to ambidextrous green innovation, which in turn drives green competitive advantage and ultimately enhances the environmental performance of MNCs. The theoretical and managerial implications are drawn.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"13 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144193066","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":"Unpacking the Renewable Pull Effect: Conditions for Green Industrial Relocation","authors":"Sven Colen, Alwine Mohnen","doi":"10.1002/bse.4301","DOIUrl":"https://doi.org/10.1002/bse.4301","url":null,"abstract":"The renewable pull effect theoretically leads to the relocation of green production facilities within energy‐intensive industries to regions rich in renewable energy resources. This study employs a qualitative research design, integrating the analytic hierarchy process method, by interviewing top managers and experts from globally leading steel and chemical corporations, predominantly based in Europe and Germany. The findings reveal that whereas factors associated with the renewable pull effect are most influential in green production location decisions, three critical conditions must be met for this effect to translate into actual green relocations: weaker agglomeration and demand pull effect, limited counteracting subsidies from regulatory bodies, and fulfillment of essential socio‐political and environmental prerequisites. This study demonstrates that the renewable pull effect only conditionally drives green relocations, providing the first comprehensive evaluation of the key factors shaping green relocations within the ongoing academic debate. Moreover, by providing empirical insights from leading industry practitioners, the study advances the existing literature, which has been predominantly based on theoretical models and techno‐economic analyses. Additionally, the study suggests several foremost avenues for future research. Finally, it delivers practical implications for energy‐intensive industries' top management and policymakers in both renewable‐energy‐rich and scarce regions, informing strategic decision‐making for sustainable transition.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"17 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144193092","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":"Multi‐Sided Platforms as Enablers of Circular Supply Chains: A Case Study From the Norwegian Shipbuilding Industry","authors":"Jørgen Veisdal, Heidi Dreyer, Arild Aspelund","doi":"10.1002/bse.4369","DOIUrl":"https://doi.org/10.1002/bse.4369","url":null,"abstract":"In maritime industries, transitioning to circular supply chains for the sourcing of components and materials is considered an important step in the direction of more environmentally sustainable means of production. Multi‐sided platforms (MSPs) have previously been proposed as a promising technology for enabling industries to coordinate toward new paradigms such as the circular economy (<jats:sc>CE</jats:sc>). This novel study investigates the strategic challenges faced by managers looking to establish an MSP for trade in used components and materials in the Norwegian shipbuilding industry. From data gathered in workshops and interviews with key stakeholders, the paper finds that the characteristics of goods, the strength of incentives, and the necessity of complementors are key considerations to coordination around CE practices through an MSP. Based on these findings, we develop a conceptual model aimed at assisting managers in identifying and evaluating the attractiveness of goods for trade through MSPs in the circular value chain context.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"1 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144193192","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}