Sebastian Ion Ceptureanu, Eduard Gabriel Ceptureanu, Giovanna Ferraro, Antonio Thomas
{"title":"Investigating the Link Between Eco‐Innovation Ambidexterity and Performances in Low‐End Markets. Does Frugal Innovation Matter?","authors":"Sebastian Ion Ceptureanu, Eduard Gabriel Ceptureanu, Giovanna Ferraro, Antonio Thomas","doi":"10.1002/bse.70212","DOIUrl":"https://doi.org/10.1002/bse.70212","url":null,"abstract":"The requirements of sustainable development compel companies to invest in the renewal of their products and production processes. However, companies approach this need differently, as the factors that stimulate virtuous behavior can vary. The choices of companies are also influenced by the characteristics of the external context in terms of availability of resources to support the innovation processes and the type of customers. This study investigates the impact of eco‐innovation ambidexterity—balancing exploitative and explorative eco‐innovation—on operational and financial performance in manufacturing firms operating in low‐end markets, traditionally characterized by lower‐than‐average product pricing. It also examines the moderating role of frugal‐innovation orientation in this relationship. Specifically, by applying the ordinary least squares regressions, we focus on a sample of manufacturing SMEs placed in Romania. The history of transition from a planned economy country and the high incidence of SMEs makes Romania an exemplary low‐end market to show the mentioned dynamics. The findings reveal that eco‐innovation ambidexterity positively influences operational performance, while no significant effect is observed for financial performance. Furthermore, frugal‐innovation orientation strengthens the relationship between eco‐innovation ambidexterity and operational performance, while its moderating effect on financial performance remains inconclusive. The results show the importance of eco‐innovation ambidexterity as a dynamic capability for SMEs operating under resource constraints, offering theoretical insights into the innovation–performance relationship. Furthermore, the study offers guidance for managers seeking to balance sustainability with competitiveness in low‐end markets.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"53 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145084280","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}
Ulla A. Saari, Arho Suominen, Marja Rissanen, Frank Tietze, Maarit Salolainen
{"title":"The Role of Patents in Circular Innovation: The Case of Sustainable and Recyclable Materials in the Textile Industry","authors":"Ulla A. Saari, Arho Suominen, Marja Rissanen, Frank Tietze, Maarit Salolainen","doi":"10.1002/bse.70203","DOIUrl":"https://doi.org/10.1002/bse.70203","url":null,"abstract":"This article examines whether and how patenting advances circular innovation and therefore contributes to the sociotechnical transition toward a circular economy. Using the multilevel perspective (MLP) as a theoretical framework, we conducted a case study set in the empirical context of man‐made cellulosic fibers. These heavily patented fibers were a suitable subject for a case study because they are developed to produce more sustainable textile materials, thereby facilitating closed‐loop recycling systems. A total of 102 relevant patent families were identified and analyzed using Leximancer and qualitative data analysis software. The TEMPEST framework was applied to examine their alignment with the hierarchical levels of the MLP. According to the findings, material‐related patents, especially nano‐level innovations, appear central to circular product innovation systems. The results suggest that patented innovations have broad implications and support systemic circularity through coevolution across technological, industrial, and societal dimensions. Four propositions were developed regarding how material‐related patents contribute to circular innovations.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"80 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145084272","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":"Greening the Narrative: How Organizational Culture Impacts Environmental Disclosures","authors":"Gurmani Chadha, Monica Singhania, Shikha Gupta","doi":"10.1002/bse.70155","DOIUrl":"https://doi.org/10.1002/bse.70155","url":null,"abstract":"In light of existential dangers to our planet, the urgency to reevaluate corporate practices has never been more palpable. With an emphasis on disclosures, this groundbreaking research sets out to analyze the complex relationship between corporate culture and its significant influence on environmental sustainability within firms. Amidst environmental instability and ongoing calls for corporate responsibility, this study makes use of the comprehensive Competing Values Framework (CVF) to carefully investigate the impact of four key subcultures: control, collaboration, creation, and competition on environmental disclosures. Analyzing the data from 2821 10‐K reports of 403 US companies listed on the S&P 500 index between 2016 and 2022, we utilized Python‐based textual analysis to quantify cultural orientation scores and employed flexible pseudo maximum likelihood estimation (Flex) modeling to address the inherent challenges of analyzing double‐bounded environmental sustainability disclosure data. Results revealed a favorable association between only the “creation” subculture and environmental sustainability disclosures, whereas the “control” and “competition” subcultures acted as barriers to progress with no substantial impact exhibited by the “collaboration” subculture. The significance of organizational culture variables in the presence of board variables emphasizes the distinct nature of corporate culture from top management and highlights the importance of this study, which rectifies the endogeneity present in sustainability models due to the disregard of accounting for corporate culture. This study not only uncovers the way forward, amid unexampled environmental challenges, but also ignites an incendiary call to action that reverberates through boardrooms around the world to create cultures that breed innovation to internalize environmental sustainability.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"4 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145084279","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 Tension Between Open Innovation and Appropriability in Marine Renewable Energy SMEs: Examining the Role of the Chief Executive Officer","authors":"Gillian Barrett, Frank Crowley, Lisa Noonan","doi":"10.1002/bse.70200","DOIUrl":"https://doi.org/10.1002/bse.70200","url":null,"abstract":"Marine renewable energy small and medium‐sized enterprises (SMEs) are vital in addressing climate change through radical innovation in a complex, high cost, and high‐risk sector. Open innovation (OI) is a strategic approach for SMEs to acquire external knowledge, important for creating their radical devices. However, OI strategies may result in R&D leakage, requiring SMEs to consider the balance between appropriation and OI. Founders/CEOs play a critical role in managing this tension, yet little is known about how they manage the OI–appropriation nexus. This study examines whether appropriability enables or hinders OI and how the founder/CEO's background influences the relationship. Using an explanatory, sequential mixed‐methods design, a positive relationship between appropriation and OI is identified. The founders/CEOs' education, passion, and practical experience have a strong influence on OI adoption. This study advances the OI–appropriation literature, shining a light on the neglected but important human‐side context of SME innovation management.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"56 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145084277","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":"Sustainability Paradoxes in Supply Chains: Analyzing the Effects of Public and Private Regulations","authors":"Lena Petri, Stefan Seuring","doi":"10.1002/bse.70199","DOIUrl":"https://doi.org/10.1002/bse.70199","url":null,"abstract":"Implementing public and private sustainability regulations in supply chains (SCs) often generates tensions between actors, goals, and processes. This study applies paradox theory to identify key sustainability‐related tensions and management strategies, and to explore their implications for sustainable SC management (SSCM). A systematic literature review of 60 journal articles was conducted using MAXQDA and SPSS. Findings reveal that public regulations act both as sources of tension and as tools for managing them, especially amid conflicting stakeholder perspectives. However, SSCM‐related strategies remain underrepresented in current debates. Multi‐stakeholder initiatives (MSIs) and social sustainability outcomes are central, particularly under public regulation. While systematic literature reviews involve inherent biases, this study contributes by mapping the interplay of regulations, tensions, and SSCM outcomes. It calls for empirical research to test these insights, especially regarding underexplored tensions and stakeholder roles, to improve regulatory enforcement, governance, and sustainable business performance.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"36 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145077278","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}
Rubén Ordonez‐Borrallo, Natalia Ortiz‐de‐Mandojana, Javier Delgado‐Ceballos
{"title":"Environmental, Social, and Governance Bonds and Stock Market Reactions: An Event Study","authors":"Rubén Ordonez‐Borrallo, Natalia Ortiz‐de‐Mandojana, Javier Delgado‐Ceballos","doi":"10.1002/bse.70214","DOIUrl":"https://doi.org/10.1002/bse.70214","url":null,"abstract":"As environmental, social, and governance (ESG) bonds have become a fundamental tool in corporate strategies for financing sustainability, an understanding of how stock markets react to their issuance is essential. Based on the efficient market hypothesis (EMH) and signaling theory, this event study uses 3618 ESG bond issuances from 2021 to 2023 to investigate stock market reactions around the issuance date and to test how those reactions vary with use‐of‐proceeds flexibility. The results reveal a negative market response, particularly when the use of proceeds is inflexible. These findings suggest that, while ESG bond issuance signals a commitment to sustainability, it may also raise concerns about financial constraints, prompting investor reassessment. The study extends EMH and signaling theory to the sustainable finance context and adds to ESG bond literature by examining the role of fund allocation flexibility. Overall, the results highlight the importance of transparent reporting, as clear communication about ESG bond objectives and benefits appears essential to sustaining investor confidence.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"90 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145077276","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}
Francisco Villegas, Stefan Markovic, Cristina Sancha, Nebojsa S. Davcik, Piyush Sharma, Joan Llonch
{"title":"Circular Economy: The Key Link Between Learning Orientations and Competitive Advantage in Small and Medium‐Sized Enterprises","authors":"Francisco Villegas, Stefan Markovic, Cristina Sancha, Nebojsa S. Davcik, Piyush Sharma, Joan Llonch","doi":"10.1002/bse.70186","DOIUrl":"https://doi.org/10.1002/bse.70186","url":null,"abstract":"Among the extensive research into various environmental strategies and their effects on competitive advantage, a gap remains regarding whether small and medium‐sized enterprises (SMEs) can benefit from adopting a circular economy and what kinds of internal knowledge they need to embrace it effectively. Based on survey data from 205 SME managers, this study examines how intrinsic and extrinsic learning orientations influence circular economy adoption and competitive advantage. Using structural equation modeling, we validate that both learning orientations are important in fostering the adoption of circular economy within organizations, leading to an increased competitive advantage. Our findings highlight the need for formal knowledge‐building mechanisms and internal ecosystems to support sustainable change. Overall, our study offers a guide for learning process development for practitioners, consumers, and policymakers in SME contexts.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"88 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145077280","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}
Nadia Aslam Janjua, Umar Farooq Sahibzada, Asha Thomas, Abhishek Behl
{"title":"Reshaping the Environmental Image by Eliminating Silos in Sustainability Practices: A Cross‐Country Comparison","authors":"Nadia Aslam Janjua, Umar Farooq Sahibzada, Asha Thomas, Abhishek Behl","doi":"10.1002/bse.70206","DOIUrl":"https://doi.org/10.1002/bse.70206","url":null,"abstract":"Grounded in the natural resource‐based view (NRBV) theory, this study compares the impact of green transformational leadership (GTL) on promoting green innovation (GI), specifically through the mediating roles of green environmental orientation (GEO) and green dynamic capability (GDC) within the hospitality sector. Additionally, the study examines the influence of GI on environmental performance (EP) and corporate green image (CGI). A cross‐country comparison was conducted in Italy and the United States to assess the effectiveness of the theoretical framework. Smart‐PLS 4.0 was employed in conjunction with multigroup analysis to ensure the robustness and comprehensiveness of the study results, utilising time‐lagged data to enhance the validity of our findings. The results have substantial effects in both countries, and the study also found a partial mediating effect. The research makes significant contributions in three key areas. First, it presents an innovative cross‐national model that demonstrates how green leadership enhances sustainability through GI. Second, it provides a practical framework for implementing the Sustainable Development Goals (SDGs) within the luxury hotel sector. Third, it offers robust time‐lagged data that validate these relationships across diverse cultural contexts.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"80 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145078027","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}
Saba Riaz, Yanqing Wang, Muhammad Ishtiaq Ishaq, Ali Raza, Qurat‐ul‐ain Talpur
{"title":"Pathway to Entrepreneurial Success Through Green Entrepreneurial Orientation and Environmental Dynamism","authors":"Saba Riaz, Yanqing Wang, Muhammad Ishtiaq Ishaq, Ali Raza, Qurat‐ul‐ain Talpur","doi":"10.1002/bse.70173","DOIUrl":"https://doi.org/10.1002/bse.70173","url":null,"abstract":"Environmental dynamism produces swift changes that undermine entrepreneurs' ability to create long‐term plans, as SMEs in Pakistan encounter various difficulties in this interaction, requiring innovative approaches for sustainable development. This study analyzes entrepreneurial success in social network relations, evaluating green entrepreneurial orientation and environmental dynamism as mediators alongside entrepreneurial competencies as a moderator. A total of 358 senior managers participated in this research, selected through simple random sampling methods and analyzed using SmartPLS 4.0. The outcomes of this study demonstrate how SMEs can sustainably grow their businesses through social networks, which enhance their fundamental business approaches and operational success levels. Results indicate that green entrepreneurial orientation and environmental dynamism are associated with a positive indirect relationship in achieving entrepreneurial success. The influence of social networks on entrepreneurial success receives additional strengthening power from the moderation factor of entrepreneurial competencies. The research findings provide decision‐making support for sustainable practices and SME development initiatives, benefiting both entrepreneurs and government authorities.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"37 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145077279","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":"Driving Sustainable Innovation: A Review of Data‐Driven Technologies in Sustainable Business Model Innovation","authors":"Nadine Bachmann, Rainer Harms, Katherine Gundolf, Tamara Oukes","doi":"10.1002/bse.70182","DOIUrl":"https://doi.org/10.1002/bse.70182","url":null,"abstract":"Many companies use data‐driven technologies to drive sustainable business model innovation (BMI), yet often face challenges in doing so effectively. However, the literature at the intersection of data‐driven and sustainable BMI remains conceptually dispersed, limiting theoretical progress and practical application. To consolidate the literature, we combine a systematic literature review with bibliometric coupling to conceptualize data‐driven sustainable BMI. First, we identify five distinct research streams—digital platforms, circular economy, smart manufacturing and supply chains, blockchain, and servitization—which reflect diverse technological pathways to transform traditional business models into sustainable ones. Second, we develop a dynamic capabilities‐based process model that explains how companies can achieve this transformation by orchestrating data‐driven and sustainable capabilities across the initiation, ideation, integration, and implementation phases of BMI. This study advances theoretical understanding and provides practical guidance on how data‐driven technologies can enable positive environmental, social, and economic outcomes.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"51 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145077285","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}