Business Strategy and The Environment最新文献

{"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}

{"title":"Navigating Multilevel Environmental Pressures and Harnessing Digital Transparency as a Catalyst for Sustainable Innovation: Pathways to Enhanced Environmental Performance","authors":"Li Zheng, Varun Chotia, Nourah O. Alshaghdali, Laura Broccardo, Lu Wang","doi":"10.1002/bse.4361","DOIUrl":"https://doi.org/10.1002/bse.4361","url":null,"abstract":"This study examines how firms leverage sustainable innovation propensity and digital sustainability transparency as strategic resources to navigate multilevel environmental pressures and achieve environmental and innovation performance. The central theory guiding this research is the resource‐based view, which posits that firms gain competitive advantage through the effective management of valuable, rare, and inimitable resources. We collected the primary data from 182 employees of manufacturing firms in the United States and United Kingdom. The study found a positive association between various environmental pressures—competitors, government and employees, top management environmental awareness, and digital sustainability transparency. The results further signify that sustainability innovation propensity mediates the constructive association between digital sustainability transparency and innovation performance, as well as between digital sustainability transparency and environmental performance. The findings imply how an organization navigates the social environment and the external pressures coming from the government, competitors, and the employees. Organizational environmental changes and green business strategies can be effectively implemented through anticipatory environmental scanning and stakeholders' involvement. To manage these pressures, organizations are encouraged to establish a sustainability directorate, whose role would be to codify these signals into managerial implications continually.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"16 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144193318","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":"Digital Product Passports as Information Providers for Consumers—The Case of Digital Battery Passports","authors":"Martin Popowicz, Antonia Pohlmann, Josef‐Peter Schöggl, Rupert J. Baumgartner","doi":"10.1002/bse.4346","DOIUrl":"https://doi.org/10.1002/bse.4346","url":null,"abstract":"Sustainable consumption is crucial to transitioning toward a more sustainable society. Various tools, including information provision tools such as ecolabels, aim to promote sustainable consumption but are often criticized for failing to adequately inform consumers. This study examines digital product passports (DPPs), an emerging policy tool, as a means of enhancing consumer communication. Given the development of battery passports, the case of DPPs for electric vehicle batteries was selected. A method incorporating elements of the self‐explicated and lead‐user approaches was used, and a survey was conducted (<jats:italic>n</jats:italic> = 211) to determine which types of information provide the most value to consumers. The results identified the most relevant DPP attributes (e.g., “expected lifetime” and “CO<jats:sub>2</jats:sub> footprint”) from a consumer perspective. Groupwise comparisons based on environmental attitude and correlation analyses revealed that respondents' environmental attitudes significantly influenced their perceptions of the benefits of the investigated DPP attributes.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"125 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144153305","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":"Assessing Critical Success Factors for Industry 4.0‐Enabled Circular Startups: A Fuzzy AHP–DEMATEL Approach","authors":"Sagnika Datta, Krishna Chandra Balodi, Suresh Kumar Jakhar","doi":"10.1002/bse.4344","DOIUrl":"https://doi.org/10.1002/bse.4344","url":null,"abstract":"The circular economy (CE), in conjunction with Industry 4.0 (I4.0), is an emerging trend discussed in academia and industry. Research suggests that I4.0 supports the CE, and circular startups (CSUs) are key players in advancing CE. However, there is a gap in empirical studies on I4.0‐enabled CSUs (CSU4.0). This research employs a multicriteria decision‐making methodology, incorporating the fuzzy analytic hierarchy process (F‐AHP) and fuzzy decision‐making trial and evaluation laboratory (F‐DEMATEL), to explore the critical success factors (CSFs) of CSU4.0. Twenty‐three CSFs were identified from the literature using the PRISMA method. F‐AHP analysis identified building innovative circular business models as the most important success factor. F‐DEMATEL analysis showed that access to financial resources and access to physical infrastructure are key factors for the long‐term success of CSU4.0. This study aims to facilitate decision‐making for entrepreneurs and policymakers by enabling a better understanding of the success factors of CSU4.0.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"25 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144153317","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":"Exploring the Effects of Sustainable Innovation on a Textile Company's Business Network","authors":"Matteo Dominidiato, Simone Guercini, Annalisa Tunisini","doi":"10.1002/bse.4367","DOIUrl":"https://doi.org/10.1002/bse.4367","url":null,"abstract":"The study examines how a textile company's business network is affected by sustainable innovation. It investigates the impact of sustainable practices on network dynamics and a company's business network with a particular focus on the textile sector in the fashion industry. Sustainable innovation has a significant impact outside of internal operations and is motivated by the desire to increase operational efficiency and environmental performance. Studies emphasise the significance of concentration and vertical integration within corporate networks as businesses attempt to satisfy long‐term demands. Businesses can preserve critical skills and capabilities and manage resource utilisation and traceability through vertical integration. In contrast, concentration leads to a decrease in the number of actors in the network as smaller businesses that lack the funding to adhere to strict sustainability criteria leave the market. These dynamics highlight how sustainable innovation plays a dual function in strengthening and consolidating capabilities within business networks. Based on a single case study, the study's findings offer insightful information on more general tendencies that might be applicable to a variety of industries.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"19 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144153318","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}