Business Strategy and The Environment最新文献_第5页

Female Directors, Family Firms, Climate Talk and Climate Walk: European Evidence 女性董事、家族企业、气候对话和气候漫步：欧洲证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-22 DOI: 10.1002/bse.4348

Niklas Bergmann, Patrick Velte, Ignacio Requejo

{"title":"Female Directors, Family Firms, Climate Talk and Climate Walk: European Evidence","authors":"Niklas Bergmann, Patrick Velte, Ignacio Requejo","doi":"10.1002/bse.4348","DOIUrl":"https://doi.org/10.1002/bse.4348","url":null,"abstract":"Growing attention is attributed to symbolic and substantive climate efforts, labelled as climate talk and walk. Focusing on the European capital market, we study the relationship between board gender diversity, family ownership and different levels of corporate climate activities along the continuum from climate talk to climate walk. Using emission reduction target data from the Carbon Disclosure Project (CDP), we conduct various panel regression analyses and propose several additional robustness tests. Our results extend prior research on carbon performance and reporting by providing novel insights into how firms translate their climate ambitions into actionable targets and how they subsequently deliver on those targets. This study stresses that firms with gender‐diverse boards engage more in symbolic climate talk but not in substantive climate walk. Empirical evidence on the family ownership impact is mixed. Overall, family ownership tends to exhibit a negative association with climate actions, although the effect depends on the ownership concentration threshold and varies with family management. Our results also indicate that female directors mitigate the negative direct consequences of family ownership for climate actions. Our study contributes to the ongoing discourse regarding symbolic and substantive climate efforts among European businesses and sheds light on the particular role of different corporate governance mechanisms for attaining international climate objectives. As climate‐related regulatory initiatives unfold rapidly, the results are highly relevant to European firms, their stakeholders and regulators. In terms of their practical application, our results may inform the pending ‘omnibus’ proposals to revise European sustainability legislation while also helping firms to reflect on their governance structures in line with climate needs.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"71 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144133717","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

How Do Institutional Pressures Reshape the Association Between Corporate Sustainability Disclosure and Firm Value in Emerging Economies? The Moderating Role of the Audit Committee Function 制度压力如何重塑新兴经济体企业可持续性信息披露与企业价值之间的关系？审计委员会职能的调节作用

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-20 DOI: 10.1002/bse.4340

Mohannad Issa Elmanaseer, Ali Meftah Gerged

{"title":"How Do Institutional Pressures Reshape the Association Between Corporate Sustainability Disclosure and Firm Value in Emerging Economies? The Moderating Role of the Audit Committee Function","authors":"Mohannad Issa Elmanaseer, Ali Meftah Gerged","doi":"10.1002/bse.4340","DOIUrl":"https://doi.org/10.1002/bse.4340","url":null,"abstract":"This study examines the influence of normative (e.g., voluntary sustainability reporting guidelines) and coercive (e.g., mandatory corporate governance [CG] requirements) pressures on the relationship between corporate sustainability disclosure (CSD) and financial performance (FP), focusing on the moderating role of audit committee characteristics. Using 1863 firm‐year observations from 207 companies listed and unlisted on the Amman Stock Exchange (2014–2022), the study employs panel quantile regression and two‐stage PQR to address endogeneity issues. Results show that CSD adoption increased after the 2018 sustainability guidelines, positively affecting FP. Audit committee size and independence strengthen the CSD–FP link, particularly after the 2017 CG reforms, indicating coercive pressures' role in enhancing governance. However, frequent audit committee meetings and technical expertise may weaken the CSD–FP relationship. The study emphasizes governance frameworks shaped by normative and coercive pressures as key to maximizing the financial benefits of sustainability disclosures for firms.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"41 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144104106","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

Dynamic Knowledge Management Capabilities for Successful Product Eco‐Innovation 成功产品生态创新的动态知识管理能力

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-20 DOI: 10.1002/bse.4354

José Rabal Conesa, Daniel Jiménez Jiménez, Micaela Martínez Costa

{"title":"Dynamic Knowledge Management Capabilities for Successful Product Eco‐Innovation","authors":"José Rabal Conesa, Daniel Jiménez Jiménez, Micaela Martínez Costa","doi":"10.1002/bse.4354","DOIUrl":"https://doi.org/10.1002/bse.4354","url":null,"abstract":"This study explores how dynamic capabilities—specifically knowledge management, knowledge capacity, agility, information capabilities and resilience—support successful eco‐innovation in product development. Grounded on the dynamic capability framework, the research introduces the IKARG model (Information, Knowledge Management, Agility, Resilience, and Green Innovation), analysing its application in a quantitative study of 260 industrial firms. Structural equation modelling (SEM) reveals that knowledge‐based dynamic capabilities significantly enhance organisational resilience and agility, both of which positively impact green product success. Findings underscore the importance of agile and resilient knowledge management systems in responding effectively to environmental and market changes, thus fostering sustainable competitive advantage. This study contributes to literature by offering empirical evidence and a novel integrative model that connects dynamic capabilities to eco‐innovation. Practical implications highlight the need for businesses to invest in knowledge management and digital infrastructure to enhance adaptability and sustainability. Future research should examine the IKARG model across diverse sectors and explore the potential of emerging technologies to amplify agility and eco‐innovation.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"96 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144104103","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

Evaluating the Influence of Board Characteristics on Environmental Decoupling: Evidence From Europe 评估董事会特征对环境脱钩的影响：来自欧洲的证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-19 DOI: 10.1002/bse.4350

Sabrina Pisano, Luigi Lepore, Raffaela Nastari, Bakr Al‐Gamrh

{"title":"Evaluating the Influence of Board Characteristics on Environmental Decoupling: Evidence From Europe","authors":"Sabrina Pisano, Luigi Lepore, Raffaela Nastari, Bakr Al‐Gamrh","doi":"10.1002/bse.4350","DOIUrl":"https://doi.org/10.1002/bse.4350","url":null,"abstract":"This study investigates the relationship between corporate governance characteristics and environmental decoupling, that is, the misalignment between environmental disclosure and environmental performance. We analyze a sample of 728 European companies (3061 firm‐year observations) belonging to 18 industries and 20 different countries from 2017 to 2023. The results show that companies tend not to disclose all the environmental actions implemented, indicating underreporting behavior. The results also reveal that board independence, board gender diversity, and the presence of a CSR committee mostly foster a reduction in environmental decoupling. Furthermore, these corporate governance characteristics are also found to be effective mechanisms in enhancing companies' environmental performance. However, only the presence of a CSR committee has a strong positive effect on the quantity of environmental information disclosed. Although companies tend to underreport environmental data, the level of environmental decoupling decreased in 2023, demonstrating that the introduction of more stringent requirements for environmental disclosure (i.e., the Corporate Sustainability Reporting Directive 2022/2464/EU) could promote better alignment between sustainability disclosure and performance. The findings provide important recommendations for companies, regulators, and standard setters on how to design and configure the board of directors to align environmental disclosure and performance.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"67 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144096857","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

Life Cycle Sustainability Assessment Integrated Data‐Driven Methodological Framework for Sustainable Supplier Selection 生命周期可持续性评估集成数据驱动的可持续供应商选择方法框架

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-19 DOI: 10.1002/bse.4356

Ankit Kumrawat, Seema Unnikrishnan

{"title":"Life Cycle Sustainability Assessment Integrated Data‐Driven Methodological Framework for Sustainable Supplier Selection","authors":"Ankit Kumrawat, Seema Unnikrishnan","doi":"10.1002/bse.4356","DOIUrl":"https://doi.org/10.1002/bse.4356","url":null,"abstract":"With the growing importance of sustainable supply chain management, businesses are actively looking for sustainable suppliers that consider all sustainability dimensions. This study aims to demonstrate a data‐driven methodological framework for sustainable supplier selection (SSS). The research proposes a three‐stage, data‐driven approach for SSS. The first stage involves using the life cycle sustainability assessment (LCSA) methodology. The second stage involves determining the weights of each category by using criteria importance through inter‐criteria correlation (CRITIC). Finally, the multi‐attributive border approximation area comparison (MABAC) method is utilized to assess the performance of different suppliers and identify the most sustainable supplier. This study emphasizes relying on a data‐driven approach rather than solely depending on experts' opinions and judgments. Moreover, this study demonstrates the significance of research methodology with prioritization considering industry‐specific relevant categories. This proposed framework will assist professionals and decision‐makers in making informed decisions regarding sustainable suppliers.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"121 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144096858","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

A Bounded Rationality Model for Sustainable Supplier Selection for New Products: A Whole Product Life Cycle Perspective 新产品可持续供应商选择的有限理性模型：全产品生命周期视角

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-19 DOI: 10.1002/bse.4319

Chong Wu, Weiling Hou, David Barnes

引用次数: 0

ESG Performance and Dividend Payout: The Moderating Role of ESG Controversies and Legal Systems ESG绩效与股利支付：ESG争议与法律制度的调节作用

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-16 DOI: 10.1002/bse.4355

Satish Kumar, Avinash Ghalke

引用次数: 0

Transitioning to Circular Economy in Agriculture Sector: An Extended Institutional Theory and Stakeholder Perspective 农业部门向循环经济转型：一个扩展的制度理论和利益相关者视角

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-16 DOI: 10.1002/bse.4345

Deepak Kumar Sahu, Divya Choudhary

{"title":"Transitioning to Circular Economy in Agriculture Sector: An Extended Institutional Theory and Stakeholder Perspective","authors":"Deepak Kumar Sahu, Divya Choudhary","doi":"10.1002/bse.4345","DOIUrl":"https://doi.org/10.1002/bse.4345","url":null,"abstract":"The deteriorating impact of traditional linear model on agriculture productivity and ecology has drawn a serious emphasis on the espousal of circular economy (CE) practices in the agriculture sector. Accordingly, an increasing number of startups operating on circular principles are emerging in the agriculture sector to create value from the agri‐waste. In this research, we aim to investigate the challenges faced by these agri waste‐to‐value (WTV) startups, which is currently missing in the extant literature. In the process, we have used the lens of extended institutional theory (EIT) to identify and understand the challenges faced by WTV startups and stakeholder theory (ST) is used to propose strategies for overcoming these obstacles. An innovative integrated model based on probabilistic linguistic term sets (PLTS), evidential reasoning algorithm (ERA), and aggregated‐ranking model considering psychological preferences of decision makers is developed to examine the challenges. This is one of the initial studies to comprehensively explore the challenges faced by WTV startups in the agriculture sector and propose a framework to overcome these challenges based on EIT and ST. A multidimensional analysis is performed to consider the economic, operational, and socio‐environmental implications of the challenges. Different analyses are conducted for better understanding about the sector and maturity stage specific challenges faced by startups. The findings reveal that coercive challenges pose the most critical threat and a policy restructuring is urgently required to support the WTV startups in the agriculture sector. Further, operational challenges related to raw materials and infrastructure appear to be more critical in the waste‐to‐material sector whereas waste‐to‐energy sector is struggling due to technological issues.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"132 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144066884","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

Bridging the ESG Credibility Gap: The Role of Institutional Investors in Mitigating ESG Decoupling 弥合ESG信誉差距：机构投资者在缓解ESG脱钩中的作用

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-14 DOI: 10.1002/bse.4336

Catarina Cepêda, Albertina Paula Monteiro, Beatriz Aibar‐Guzmán

{"title":"Bridging the ESG Credibility Gap: The Role of Institutional Investors in Mitigating ESG Decoupling","authors":"Catarina Cepêda, Albertina Paula Monteiro, Beatriz Aibar‐Guzmán","doi":"10.1002/bse.4336","DOIUrl":"https://doi.org/10.1002/bse.4336","url":null,"abstract":"Because of their capacity for sustained and informed monitoring, institutional investors are uniquely positioned to enhance corporate transparency and mitigate ESG decoupling, the gap between corporate sustainability rhetoric and reality. This study examines whether and under what circumstances institutional ownership contributes to aligning ESG disclosure with actual sustainability performance. Analysing an international sample of 3465 listed companies (13,488 firm‐year observations) from 2009 to 2023, we find that institutional investors play a crucial role in reducing ESG decoupling. However, this effect depends on their investment horizon: long‐term institutional investors mitigate ESG decoupling, whereas short‐term institutional investors exacerbate it. These findings contribute to the corporate governance and sustainability literature by showing that institutional investors are not a homogeneous group and that their monitoring effectiveness varies depending on their investment horizon. From a practical perspective, our results highlight the need for regulatory initiatives that incentivise long‐term institutional engagement and more stringent ESG reporting requirements to curb opportunistic disclosure practices.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"52 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143979596","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

Legitimacy in the Literature: Distinguishing Between Perceived and Actual Value Congruence in Carbon Reduction Initiatives 文献中的合法性：区分碳减排倡议中感知和实际价值一致性

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-05-13 DOI: 10.1002/bse.4321

Siân Stephens, Satkeen Azizzadeh, Wee Chan Au

引用次数: 0