Business Strategy and The Environment最新文献

{"title":"Accumulate or Diversify Ecological Innovation Assets? The Effect of Ecological Innovation Asset Depth and Breadth on Firm Financial Performance","authors":"Louisa Gropengießer‐Arlt, Nicolas A. Zacharias","doi":"10.1002/bse.4182","DOIUrl":"https://doi.org/10.1002/bse.4182","url":null,"abstract":"This study investigates the role of innovation portfolio structures in the relationship of ecological innovation and firm financial performance. We draw on the resource‐based view and the natural resource–based view to examine the effects of the depth and breadth of firms' ecological innovation assets (EIAs) while conceptually and empirically accounting for the substantial differences between two distinct firm financial performance dimensions. To test our conceptual framework, we rely on a panel data set based on 340 US firms listed in the S&P 500 index over a 10‐year period. Fixed‐effects regressions confirm that EIA depth and EIA breadth fundamentally differ in their effects on firm financial performance. Moreover, we find that the results vary considerably between accounting‐based and value‐based financial performance. Thereby, this study makes a significant contribution to the ongoing debate about the nexus of ecological innovation and firm financial performance.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"56 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143393006","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":"Investigating the Role of Smart and Resilient Supplier Management Practices in Circular Economy: A Supply Chain Practice View Perspective","authors":"Surajit Bag, Sachin Kumar Mangla","doi":"10.1002/bse.4185","DOIUrl":"https://doi.org/10.1002/bse.4185","url":null,"abstract":"This study aims to understand how industrial firms manage smart and resilient supplier management practices within a circular economy context to enhance smart and resilient circular supply chain performance. We employed a sequential explanatory mixed‐methods research design. Using the supply chain practice view, the study develops five research hypotheses. Primary data were collected through surveys, and structural equation modeling was used to test the model in study one. In study two, a qualitative study using semistructured interviews was performed. Our study shows that smart and resilient supplier management practices affect circular supply chain performance, making it a unique and significant contribution. This influence is due to two critical intermediate outcomes: (a) friction reduction and (b) the development of smart and resilient circular supply chain innovations. These intermediate outcomes contribute to enhanced smart and resilient circular supply chain performance. Our study provides a perspective by addressing the “how” of the impact. The study demonstrates how firms can leverage smart and resilient supplier management practices to improve circular supply chain performance. This comprehensive approach enriches the understanding of smart and resilient supplier management practices, emphasizing their strategic importance in achieving superior circular supply chain outcomes.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"1 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143258355","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":"Beyond Climate Targets: Exploring When and How Female Directors Influence Corporate Decarbonization Transparency","authors":"Isabel-María García-Sánchez,&nbsp;Miriam Núñez-Torrado,&nbsp;Cristina Aibar-Guzmán,&nbsp;Beatriz Aibar-Guzmán","doi":"10.1002/bse.4183","DOIUrl":"10.1002/bse.4183","url":null,"abstract":"<div>\u0000 \u0000 <p>The 2015 Paris Agreement established an international commitment to limit global warming to 1.5°C, which requires climate neutrality through deep cuts in greenhouse gas emissions. In pursuit of this goal, companies worldwide are adopting decarbonization strategies that are increasingly aligned with principles of transparency and accountability. This study examines a sample of 6575 large global companies to analyze the impact of board gender diversity on climate-related disclosures. Our findings show that the presence of at least one female director increases corporate transparency regarding decarbonization targets, timelines, strategic levers, and performance metrics. Thus, this study challenges the critical mass theory by demonstrating that even a single female director adds unique value in promoting sustainability transparency. Furthermore, we show that contextual factors—such as industry environmental sensitivity, regional regulatory frameworks and climate-related business opportunities—moderate the influence of female directors on decarbonization transparency. These findings advance corporate governance and sustainability research by providing a multidimensional understanding of how board gender diversity drives transparency, particularly in sustainability-sensitive industries and regulatory environments. On a practical level, the findings highlight the strategic value of gender-diverse boards for managers, investors, and policymakers seeking to enhance corporate accountability and align with global sustainability goals. By underscoring the transformative role of female directors in promoting transparent and responsible corporate practices, this research contributes actionable insights to the transition to a net-zero economy.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 3","pages":"3892-3912"},"PeriodicalIF":12.5,"publicationDate":"2025-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143258472","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":"Eco-Innovation, Corporate Governance and Nation-Level Institutions: A Cross-Country Evidence","authors":"Arup Roy,&nbsp;Ranjan DasGupta","doi":"10.1002/bse.4163","DOIUrl":"10.1002/bse.4163","url":null,"abstract":"<div>\u0000 \u0000 <p>There is a dearth of empirical research to examine how a firm's internal corporate governance mechanisms would impact eco-innovation practices under distinctive nation-level institutions. Therefore, we conducted this study to examine the individual roles of board size, board diversity (i.e., female directors' presence) and board independence in motivating a firm's eco-innovation practices in an extended cross-country setting. Furthermore, we examine whether nation-level institutions moderate our primary study associations. By employing the system generalized method of moment (SGMM) method for panel data of 19 countries from 2010 to 2021, we find a positive impact of board diversity and independence, whereas board size has a significant negative influence on a firm's eco-innovation practices. However, the political and cultural systems moderate negatively, whereas the education and labour systems and financial systems strengthen our primary findings. The results remain strong even after using additional measurements for dependent variables, addressing endogeneity concerns and using multiple estimating methods to account for bias from omitted variables. Regulators and policymakers can use these findings to formulate stringent institutional policies in regard to nation-level eco-innovation.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 3","pages":"3865-3891"},"PeriodicalIF":12.5,"publicationDate":"2025-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143258471","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":"Pathways to Circularity: Engagement Patterns of European SMEs in the Circular Economy","authors":"João M. Lopes,&nbsp;Sofia Gomes,&nbsp;Elisabete Nogueira","doi":"10.1002/bse.4192","DOIUrl":"10.1002/bse.4192","url":null,"abstract":"<div>\u0000 \u0000 <p>Compliance with the 2030 agenda is forcing small and medium-sized enterprises (SMEs) in the European Union (EU) to transition from linear to circular business models, boosting the adoption of circular economy (<span>CE</span>) activities. More information is needed to know the transition stage of these companies. Therefore, the objective of this study is to evaluate the implementation patterns of nine <span>CE</span> activities by EU SMEs and explore the relationships between the implementation of <span>CE</span> activities and the characteristics of these companies in terms of economic activity and ownership. To this end, we used a sample of 13,322 SMEs from the EU, using the Latent Class Model to identify the implementation patterns of <span>CE</span> activities and correspondence analysis to relate the implementation of <span>CE</span> activities with the characteristics of the SMEs. The results show that in the implementation of <span>CE</span> activities, five patterns of SMEs involvement can be identified, with <span>CE</span> activities being systematically independent in each pattern. It was also demonstrated that the SMEs with the highest probability of engagement are those dedicated to service activities, medium-sized companies established more years ago, with high and growing turnover, which invest most of their turnover annually in <span>CE</span> activities, and those that sell products or services to multiple final destinations. This study contributes to demonstrating that the essential dynamic capabilities of SMEs to become circular must be incorporated into a pattern of implementation of <span>CE</span> activities and that in their implementation, <span>CE</span> activities are not independent of each other but follow a specific pattern of involvement, in which activities are invariably interdependent in relation to other patterns.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 3","pages":"3848-3864"},"PeriodicalIF":12.5,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143258473","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":"Navigating the Future: Examining Sustainable and Resilient Drivers Shaping the Integration of Crowdshipping in E-Commerce Logistics","authors":"Sawyasachi Awasthi,&nbsp;Priyanka Verma,&nbsp;Balkrishna E. Narkhede","doi":"10.1002/bse.4176","DOIUrl":"10.1002/bse.4176","url":null,"abstract":"<div>\u0000 \u0000 <p>The last mile is often subjected to unique challenges such as congested urban areas, unpredictable customer availability and the need for personalized services. To address these complexities, and to be competitive in the market, companies are increasingly turning towards innovative solutions. One such innovative solution is crowdshipping (CS). The concept of CS was first introduced by Walmart in 2013, where store customers may act as crowdshippers and fulfill the demands of online retailers or shops by transporting packages on their way home with guaranteed compensation. To understand the factors influencing CS and its potential to motivate logistics firms for delivery, this research work determines the 20 key sustainable and resilient factors affecting the adoption of CS in the e-commerce logistics sector. Furthermore, the Neutrosophic Best-Worst Method (NBWM) is employed to prioritize these factors, followed by the application of Neutrosophic Interpretive Structural Modeling (NISM) with cross-impact matrix multiplication applied to classification (MICMAC) analysis to assess the interrelationships amongst the factors. The results of the NBWM reveal that technology for the successful implementation of CS, rating and reward system, delivery cost–time efficiency, CO₂ emissions and service quality are the top five highly weighted factors. The results of NISM dictate the technology for the successful implementation of CS, integration of CS with the mainstream (operations research models), government interventions and the usage of back-up drivers as the factors with the highest driving power. The proposed NBWM and NISM give direction to practitioners and policy managers in planning sustainable and resilient strategies for addressing CS implementation factors in the e-commerce logistics sector. Further, competent strategies can be developed by the managers based on the prioritization and the driving and dependence power of CS adoption factors.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 3","pages":"3827-3847"},"PeriodicalIF":12.5,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143191870","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":"Framing Entrepreneurial Ideas for Sustainability: How Do Purpose-Driven Startups Include the Sustainable Development Goals in Their Pitches?","authors":"Ulla A. Saari,&nbsp;Annabeth Aagaard,&nbsp;Leona Achtenhagen,&nbsp;Saku J. Mäkinen","doi":"10.1002/bse.4164","DOIUrl":"10.1002/bse.4164","url":null,"abstract":"<p>This paper investigates how entrepreneurs frame the sustainability of their business ventures when pitching their business prospects and sustainability approaches to investors. Drawing on framing theory, this research explores the classification and application of sustainability-related frames employed in business pitches. A qualitative multiple case study methodology is applied to collect and analyze data from startup pitches presented at the startup event Slush, which is held annually in Finland. The sample consists of active startups and those that did not survive following the pitching event. The Need–Approach–Benefit–Competition (NABC) pitching model and the UN's Sustainable Development Goals serve as frameworks for systematically analyzing the content of the verbal pitch presentations. We disentangle how entrepreneurs formulate business ideas within frames related to sustainability themes on the micro, meso, and macro levels using cognitive, strategic, technological, and institutional frames. The resulting model distinguishes between different combinations of sustainability framing elements applied in startup pitches.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 3","pages":"3796-3826"},"PeriodicalIF":12.5,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4164","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143191871","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A Moderated Mediation Model Linking Stakeholder Integration to Green Innovation: A Stakeholder Theory Perspective","authors":"Jianhua Zhang,&nbsp;Muhammad Noman,&nbsp;Adnan Ali,&nbsp;Zeeshan Ali,&nbsp;Shanza Qayyum,&nbsp;Afaq Ahmed Khan,&nbsp;Mehkar Sherwani","doi":"10.1002/bse.4161","DOIUrl":"10.1002/bse.4161","url":null,"abstract":"<div>\u0000 \u0000 <p>Despite extensive discourse on the significant role of stakeholder integration in sustainability and firm performance, its impact on promoting green innovation (GI) remains underdeveloped in current environmental management literature. To address this gap, our study adopts stakeholder theory to develop a moderated mediation model that examines how and under what conditions stakeholder integration influences GI. Using data from 306 Pakistani-listed manufacturing firms and employing partial least squares path modeling, our findings confirm the positive impact of stakeholder integration on GI and highlight the partial mediating role of organizational learning capability (OLC). Additionally, the results indicate that environmental scanning moderates the relationship between stakeholder integration and OLC. Overall, these insights contribute to business strategy and environmental management literature by illuminating the critical role of stakeholder integration in driving GI and elucidating the underlying mechanisms involving OLC and environmental scanning.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 3","pages":"3764-3780"},"PeriodicalIF":12.5,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143083688","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":"Board Supervision Capability and Sustainability Report Disclosure Quality: Evidence From Small- and Medium-Sized Enterprises in Taiwan's Construction Industry","authors":"Hui-Cheng Yu","doi":"10.1002/bse.4184","DOIUrl":"https://doi.org/10.1002/bse.4184","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores the effect of board supervision capability on sustainability reporting quality among publicly listed small- and medium-sized enterprises in Taiwan's construction industry from 2018 to 2022. Ordinal logit regression analyses are conducted. The results reveal that board supervision capability determines whether a firm will voluntarily engage in sustainability reporting strategies, which is a key factor for effectively meeting stakeholder needs. Further analysis of board supervision capability in firms of different ages indicates that the relationship between board supervision capability and sustainability reporting quality varies by firm age. This study also provides empirical evidence confirming that board supervision capability is among the key factors affecting sustainability reporting quality.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 3","pages":"3781-3795"},"PeriodicalIF":12.5,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143581471","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":"Readiness for Mandatory Climate-Related Disclosures: A Tri-Jurisdictional Analysis of Governance Attributes in Australia, New Zealand and the United Kingdom","authors":"Olayinka Moses,&nbsp;Binh Bui,&nbsp;Muhammad Nurul Houqe,&nbsp;Zahra Borghei","doi":"10.1002/bse.4154","DOIUrl":"10.1002/bse.4154","url":null,"abstract":"<p>We evaluate the preparedness of companies in Australia, New Zealand and the United Kingdom to comply with emerging mandatory climate-related disclosures (CRDs) aligned with TCFD recommendations, using their Carbon Disclosure Project (CDP) information. Our analysis also examines the corporate governance attributes influencing their readiness to disclose such information. The findings reveal a strong integration of the Governance aspect of TCFD-recommended disclosure, with an 86% alignment between CDP and TCFD disclosures in the Governance theme. However, lower alignment is observed for Strategy (50%) and Metrics and Targets (49%), highlighting the need for immediate improvements in these areas. Firms with more gender-diverse boards and the presence of a sustainability committee demonstrate greater readiness to comply with CRDs consistent with TCFD recommendations. These insights shed light on firms' readiness for emerging mandatory CRD across jurisdictions, especially considering the new IFRS sustainability standards. The results underscore the urgent need to enhance competencies in Strategy and Metrics and Targets, where alignment is weakest. Practically, by documenting these insights, we provide managers with early guidance on the implications of their current CRD practices. This is especially relevant for firms subject to, or soon to be impacted by, mandatory sustainability regulations in their jurisdictions. The findings hold paramount significance for managers, policymakers and regulators.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 3","pages":"3739-3763"},"PeriodicalIF":12.5,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4154","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143083689","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}