Business Strategy and The Environment最新文献_第3页

Does National Innovation Layout Spur Eco‐Innovation? The Upper Echelon's Role 国家创新布局是否促进生态创新？高层的角色

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-01 DOI: 10.1002/bse.4325

Ali Meftah Gerged, Ali Uyar, Pornsit Jiraporn, Abdullah S. Karaman

{"title":"Does National Innovation Layout Spur Eco‐Innovation? The Upper Echelon's Role","authors":"Ali Meftah Gerged, Ali Uyar, Pornsit Jiraporn, Abdullah S. Karaman","doi":"10.1002/bse.4325","DOIUrl":"https://doi.org/10.1002/bse.4325","url":null,"abstract":"Numerous studies have examined whether financial and governance characteristics within firms promote eco‐innovation. However, the influence of institutional contexts on eco‐innovation, which is crucial for shaping effective policy and establishing key conditions, has not been adequately explored. Drawing on institutional, stakeholder, and upper‐echelon theories, our study investigates the mechanisms through which a national innovation system (NIS) influences firms' commitment to eco‐innovation. We specifically focus on the manufacturing sector worldwide, over the period from 2007 to 2018. Our findings reveal that the NIS is negatively associated with eco‐innovation, contrary to expectations. This prompted us to delve deeper into three key components of the NIS. The analysis showed that although the quality of research institutions and government procurement of high‐tech products negatively correlate with eco‐innovation, university–industry collaboration positively affects it. Further exploration identified that environmental management teams and nonexecutive directors are critical moderators through which the NIS can enhance a firm's capacity for eco‐innovation. Our evidence suggests several practical implications for theory, management practices, and policy formulation.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"19 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143898043","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

Environmental Violation and Cost of Equity Capital—Evidence From Europe 环境违法与股权资本成本——来自欧洲的证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-01 DOI: 10.1002/bse.4315

Md. Borhan Uddin Bhuiyan, Yimei Man

{"title":"Environmental Violation and Cost of Equity Capital—Evidence From Europe","authors":"Md. Borhan Uddin Bhuiyan, Yimei Man","doi":"10.1002/bse.4315","DOIUrl":"https://doi.org/10.1002/bse.4315","url":null,"abstract":"We examine the association between environmental violations and the cost of equity capital. We posit that firms that breach environmental compliance introduce firm‐specific risks and, consequently, elevate the costs associated with equity capital. Utilizing a dataset comprising publicly listed firms from the Bloomberg European 500 index spanning the period from 2005 to 2020, we present empirical evidence that environmental violations contribute to an increase in a firm's cost of equity capital. Our findings hold economic significance, revealing that a one standard deviation increase in environmental violations results in a 4.28–5.12 basis point increase in the cost of equity. Furthermore, we establish that the positive relationship between environmental violations and the cost of equity capital is more pronounced in firms lacking corporate social responsibility training and those operating within highly competitive industries. Importantly, our results withstand endogeneity concerns, affirming their robustness. The implications of our study extend to stakeholders, enhancing their understanding of the repercussions of environmental violations on investment decisions.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"44 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143898080","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

Models, Guidelines and Frameworks for Sustainable Management: A Bibliometric Analysis From the Perspective of Interdisciplinarity 可持续管理的模型、指南和框架：跨学科视角下的文献计量学分析

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-01 DOI: 10.1002/bse.4317

Arnaldo Pinheiro Costa Gaio, Ana Paula Morais de Lima, Marcelo Jasmim Meiriño, Daniel Vidal Pérez, Lidia Angulo Meza, Jacob Binsztok

引用次数: 0

Identifying Corporate Innovative Sustainability Strategies in Consultancy Reports: A Systematic (Grey) Literature Review 在咨询报告中识别企业创新可持续发展战略：系统（灰色）文献综述

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-01 DOI: 10.1002/bse.4323

Robin Strueber, Dev K. (Roshan) Boojihawon, John R. Bryson

{"title":"Identifying Corporate Innovative Sustainability Strategies in Consultancy Reports: A Systematic (Grey) Literature Review","authors":"Robin Strueber, Dev K. (Roshan) Boojihawon, John R. Bryson","doi":"10.1002/bse.4323","DOIUrl":"https://doi.org/10.1002/bse.4323","url":null,"abstract":"Decarbonisation requires firms to rethink and redefine growth, informed by strong sustainability principles. Management consultants are important enablers for clients to strategically manage resource constraints, given their limited capabilities in this transition. Consultancy institutional logics play an important role in inducing new knowledge cooperative processes in consultant and client cognitive structures. This paper systematically reviews client‐facing reports generated during this process to identify emerging sustainability strategy issues and future theoretical applications. This is a novel way to apply a systematic literature review (SLR) to identify tacit knowledge outcomes in meta‐consulting knowledge creation pathways. The findings indicate that accessing consultancy institutional logic provides firms with intellectual resources to organise sustainability into manageable challenges to address legislative and competitive demands. A knowledge exchange gap between academia and the consulting industry is identified, and a framework is developed for practice‐oriented sustainability research by expanding the existing research on knowledge exchange loops between management and external knowledge providers.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"96 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143898050","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

The Impact of Fossil Fuel Financing on Firm Value and the Role of Climate Policies and Global Climate Initiatives in the Banking Industry 化石燃料融资对企业价值的影响以及气候政策和全球气候倡议在银行业中的作用

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-04-28 DOI: 10.1002/bse.4316

Ahseon Lee, Jong Dae Kim, Seong Mi Bae

{"title":"The Impact of Fossil Fuel Financing on Firm Value and the Role of Climate Policies and Global Climate Initiatives in the Banking Industry","authors":"Ahseon Lee, Jong Dae Kim, Seong Mi Bae","doi":"10.1002/bse.4316","DOIUrl":"https://doi.org/10.1002/bse.4316","url":null,"abstract":"This study examines the impact of banks' fossil fuel financing on their firm value in the context of the Paris Climate Agreement. Using panel data from the top 60 global banks by asset size from 2017 to 2022, we analyze the effect of fossil fuel financing on firm value, measured by Tobin’s Q, using an OLS model. We also investigate whether national climate policies and climate initiative participation moderate this relationship. The study finds that in the absence of strong climate policies, banks’ fossil fuel financing is positively associated with firm value. However, when robust country climate policies are in place, this relationship reverses, showing a negative association between banks’ fossil fuel financing and firm value. This indicates that in the absence of strong climate policies, banks may hesitate to adopt low‐carbon strategies due to concerns over potential declines in firm value. Additionally, while global climate initiatives alone do not show a significant moderating effect, those accompanied by strong monitoring mechanisms demonstrate a significant negative moderating effect. These findings suggest that for a successful transition to a low‐carbon society through the power of banks’ financial resources, robust climate policies and the widespread adoption of binding climate initiatives are imperative.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"42 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143884606","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

Actual Versus Potential Impact: Leveraging Life Cycle Assessment to Implement Business Models for Sustainability 实际影响与潜在影响：利用生命周期评估来实现可持续发展的商业模式

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-04-27 DOI: 10.1002/bse.4309

Emma Johnson, Oksana Mont

{"title":"Actual Versus Potential Impact: Leveraging Life Cycle Assessment to Implement Business Models for Sustainability","authors":"Emma Johnson, Oksana Mont","doi":"10.1002/bse.4309","DOIUrl":"https://doi.org/10.1002/bse.4309","url":null,"abstract":"Research on business models for sustainability (BMfS) has primarily focused on the conceptual aspects and sustainability potential of BMfS rather than their actual impact. There is a need to understand whether BMfS have less environmental impact on society than conventional business models and in what context and conditions they can reduce impact. This research conducted a systematic literature review utilizing three databases to identify comparative life cycle assessments (LCAs) of BMfS and conventional business models. These studies were analyzed by comparing their scope of assessment, functional unit, environmental indicator categories, impact, sensitivity factors, geographic, and business model factors affecting the impact. We found that the impacts of BMfS varied greatly, with some cases showing the same, increased, or decreased environmental impacts compared to conventional business models. There were no certain types of BMfS that indicated greater environmental potential than others. Our findings highlight the discrepancies in the environmental impact reduction claims of BMfS, pointing to the need for a detailed examination of specific factors such as rental efficiency and time frames, customer logistics and behavior, product, and parts' service life, transport, rental infrastructure, end‐of‐life activities, and pricing. These factors, or leverage points for impacts, significantly influence BMfS' sustainability performance.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"7 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143880342","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

Sustainable but Not Accountable? A Quality Assessment of Sustainability Disclosure in Benefit Corporations 可持续但不负责？效益企业可持续发展信息披露质量评价

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-04-27 DOI: 10.1002/bse.4311

Vincenzo Riso, Silvia Cantele, Enrico Bracci

引用次数: 0

Digital Technologies: Description, Classification, and Links to Circular Economy 数字技术：循环经济的描述、分类和联系

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-04-27 DOI: 10.1002/bse.4312

Laura Piedra‐Muñoz, Eva M. García‐Granero, Raphael Ricardo Zepon Tarpani, Alejandro Gallego‐Schmid

{"title":"Digital Technologies: Description, Classification, and Links to Circular Economy","authors":"Laura Piedra‐Muñoz, Eva M. García‐Granero, Raphael Ricardo Zepon Tarpani, Alejandro Gallego‐Schmid","doi":"10.1002/bse.4312","DOIUrl":"https://doi.org/10.1002/bse.4312","url":null,"abstract":"Digital technologies (DTs) and circular economy (CE) are currently two topics that are expected to contribute significantly to sustainable development, and digitization is generally considered a key enabler of CE. However, most studies only cover the most known Industry 4.0 technologies, and very limited research detailing how DTs can support the implementation of CE is available. The first objective of this paper is to fill these gaps by offering an overview of 24 key DTs enablers to CE, thanks to a systematic literature discussion and the development of the DATE (Digital Architecture Type) classification. The second goal is to analyze how these DTs can specifically contribute to the CE strategies of narrowing, slowing, closing, and regenerating. The results demonstrate that DTs can provide a wealth of information regarding production and consumption chains, from micro to global levels. Real‐time diagnostics and forecasting can be obtained for efficient service provision, component lifespan extension and better design practices, besides improved remanufacturing, recycling, and refurbishment approaches. To inform future research, significant gaps in the literature and new research initiatives are addressed.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"80 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143880530","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

Towards Green Growth Capability Development: A Knowledge‐Based Perspective 面向绿色增长能力发展：基于知识的视角

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-04-26 DOI: 10.1002/bse.4284

Polina Baranova, Hassam Waheed, Fred Paterson

{"title":"Towards Green Growth Capability Development: A Knowledge‐Based Perspective","authors":"Polina Baranova, Hassam Waheed, Fred Paterson","doi":"10.1002/bse.4284","DOIUrl":"https://doi.org/10.1002/bse.4284","url":null,"abstract":"Green growth, which balances a firm's growth aspirations with environmental stewardship, is gaining traction in the literature. However, the notion of green growth capability (GGC) as a foundation for firm‐level green growth strategy remains underexplored. Multifaceted and multi‐skills nature of organisational capabilities is brought into focus to advance a knowledge‐based view and to develop a new GGC scale. A robust scale development process was employed, including expert insights and a scoping review to establish content and face validity. A primary survey of 280 firms in the UK Midlands green market niches was undertaken. Exploratory and confirmatory factor analysis demonstrated construct validity and reliability revealing three main skill groupings necessary for GGC development: environmental impact minimisation, business development and green growth stewardship skills. A two‐step structural equation modelling (SEM) approach confirmed the scale's nomological and predictive validity. This study advocates for a GGC development approach to the design and implementation of policy mixes, which support capacity building for sustainable regional development.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"43 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143875846","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

Tracing the Paths to Sustainable Production and Consumption Through Indigenous Directors, Environmental Innovation, and Sustainability Committees 通过土著董事、环境创新和可持续发展委员会追踪可持续生产和消费之路

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-04-24 DOI: 10.1002/bse.4307

Dejun Zhou, Ummar Faruk Saeed, Angelina Kissiwaa Twum, Rahmatu Chibsah

{"title":"Tracing the Paths to Sustainable Production and Consumption Through Indigenous Directors, Environmental Innovation, and Sustainability Committees","authors":"Dejun Zhou, Ummar Faruk Saeed, Angelina Kissiwaa Twum, Rahmatu Chibsah","doi":"10.1002/bse.4307","DOIUrl":"https://doi.org/10.1002/bse.4307","url":null,"abstract":"This study investigates the influence of indigenous directors on sustainable production and consumption in the energy sector of Latin America and the Caribbean (LAC) countries, while considering the moderating roles of environmental innovation and sustainability committees. Using panel data from 378 firms across the LAC region from 2012 to 2023, the study employs robust econometric methods, including quantile regression, IV‐GMM, and IV‐2SLS, to address potential endogeneity issues and ensure reliable results. The findings reveal that indigenous directors significantly promote SPC initiatives across lower, middle, and upper quantiles. Also, environmental innovation not only directly impact SPC but also enhances the positive influence of indigenous leadership on sustainable practices, particularly at higher quantiles. Additionally, the presence of a sustainability committee amplifies the link between indigenous directors and SPC, across all quantiles. The analysis also uncovers substantial heterogeneity effects driven by regional, policy, industry, and stratification dynamics. This study contributes to the growing literature on corporate governance and sustainability strategy, offering actionable insights for policymakers, corporate leaders, and practitioners seeking to foster sustainable business practices in emerging markets.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"20 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143867017","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