Business Strategy and The Environment最新文献

{"title":"Linking Responsible Innovation and Nonfinancial Reporting: Evidence From Manufacturing SMEs","authors":"Marika Intenza, Teresa Turzo, Antonio Netti, Giacomo Marzi","doi":"10.1002/bse.70194","DOIUrl":"https://doi.org/10.1002/bse.70194","url":null,"abstract":"For small‐ and medium‐sized enterprises (SMEs), engagement in nonfinancial reporting (NFR) often reflects a commitment to accountability, yet the engagement in NFR remains lower than that of large firms. Given SMEs' widespread presence across markets, clarifying the determinants of their reporting behaviour is a relevant research objective. Guided by an integrated framework that combines stakeholder theory (ST) with dynamic capability theory (DCT), this study assesses whether responsible innovation (RI) raises SMEs' propensity to engage in NFR. Environmental innovation ambidexterity (EIA) and entrepreneurial orientation (EO) are modelled as mediators, while stakeholder pressure is posited as an antecedent to RI. Survey data from 559 SME managers are analysed using partial least squares structural equation modelling (PLS‐SEM). The structural estimates reveal a positive association between RI and NFR engagement. RI also stimulates both EIA and EO, and each mediator exhibits a significant indirect effect on NFR. Stakeholder pressure displays a substantive positive link with RI. These findings extend current discussions on SME sustainability disclosure by highlighting the relevance of RI and its capability‐based mechanisms.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"47 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145056715","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":"Carbon‐Cutting Chess: Strategizing Resilient Low‐Carbon Investments for Supply Chains","authors":"Ahmed Mohammed","doi":"10.1002/bse.70178","DOIUrl":"https://doi.org/10.1002/bse.70178","url":null,"abstract":"This research presents a novel empirical and analytical method for strategizing low‐carbon investment strategies (LCIS) in supply chains, viewed through the lens of sustainable and resilient efficiency. The study develops a clear, actionable framework for identifying, evaluating, and implementing LCIS by using a mixed‐methods design. This design integrates focus groups and surveys with 27 industry experts and validates the findings through semistructured interviews. It identifies critical LCIS and tailored success factors that are central to assessing sustainability and resilience outcomes. Key factors derived from expert insights, such as collaborative agility, regulatory adaptability, and support for technological innovation, are highlighted as essential enablers of success. The results indicate that strategies like circular economy practices and the transition to renewable energy are immediate priorities for achieving sustainability and resilience efficiency. In contrast, other strategies, such as lifecycle emission analysis and carbon offsetting programs, demonstrate more sector‐specific or specialized impacts, necessitating tailored approaches in practice. Furthermore, the orientation of evaluation, whether prioritizing sustainability, resilience, or overall performance, should be explicitly aligned with the organization's strategic objectives. This is important because the relative ranking of each strategy may vary depending on the chosen performance focus, thus emphasizing the need to define strategic priorities early on.A significant finding is the misalignment between expert perceptions and quantitative assessments, particularly in cases where specific strategies (e.g., carbon offsetting) received lower empirical rankings despite being highly regarded by practitioners. This emphasizes the value of integrating expert judgment with analytical methods to enhance strategic relevance and prioritization. Finally, the research provides practical recommendations for supply chain professionals and policymakers, advocating for the adoption of adaptable, context‐sensitive LCIS that foster long‐term resilience in the face of climate challenges and global market uncertainty.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"122 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145056717","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":"“Sustainable” Versus “Traditional” Mutual Funds: Is There Really a Difference? A Comparative Analysis Within the EU SFDR Classification Framework","authors":"Andrea Odille Bosio, Giancarlo Giudici, Jonathan Taglialatela","doi":"10.1002/bse.70083","DOIUrl":"https://doi.org/10.1002/bse.70083","url":null,"abstract":"This study analyzes the performance and sectoral allocation of “sustainable” versus “traditional” funds. Using a unique panel dataset of 9620 mutual funds distributed in Europe between October 2018 and January 2025, we examine the three types of ESG funds identified by the EU SFDR (Sustainable Finance Disclosure Regulation), namely, Art. 6 (“traditional”) and Art. 8 and 9 (“sustainable”). Our findings show that Art. 9 funds significantly underperformed Art. 6 and Art. 8 funds; Art. 8 portfolios overperformed Art. 6 funds, but the difference becomes insignificant when controlling for size and liquidity. Analysis of a subsample reveals no sectoral allocation differences between Art. 6 and Art. 8 funds, while Art. 9 funds display greater sectoral concentration. This article contributes to the literature on ESG investing with a detailed analysis of the correlation between the SFDR classification, the mutual funds’ performance and the sectoral investment distribution.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"47 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145056757","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":"Unveiling a Data‐Driven Circular Business Strategy Framework in a Digital Supply Chain: A Strategic Roadmapping for the Semiconductor Industry","authors":"Taufik Kurrahman, Feng Ming Tsai, Ming K. Lim, Kanchana Sethanan, Ming‐Lang Tseng","doi":"10.1002/bse.70187","DOIUrl":"https://doi.org/10.1002/bse.70187","url":null,"abstract":"Unveiling a data‐driven circular business strategy (CBS) framework in a digital supply chain is needed to develop a data‐driven analysis owing to the necessity of reconstructing the attributes involved and concentrating on matching the operational and environmental technology together. The semiconductor industry encounters the challenge of integrating top management commitment and collaboration with digital manufacturing and production, which aligns with waste and resource management as well as operations efficiency. To achieve this challenge, this study utilizes a hybrid method using content, bibliographic, and cluster analyses, the entropy weighted method (EWM) and the fuzzy Delphi method (FDM), to validate the data‐driven CBS in a digital supply chain. Furthermore, the fuzzy synthetic evaluation–decision‐making trial and evaluation laboratory (FSE‐DEMATEL) developed strategic data‐driven circular business roadmapping. Hence, this study constructed a hierarchical structure and identified valid prioritized main attributes to support CBS in a digital supply chain. The findings indicate that digital integration capability, green innovation, waste repurposing, decision support systems, and machine learning applications can be used to enhance CBS in digital supply chains and contribute to data‐driven practical guidance by using strategic roadmapping for the industry.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"72 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145056712","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":"Can the Adoption of Circular Economy Practices Foster Supply Chain Resilience and Performance Improvements?","authors":"Roberta Pellegrino, Barbara Gaudenzi, Luca Fraccascia, Andrea Genovese, Luigi Jesus Basile","doi":"10.1002/bse.70193","DOIUrl":"https://doi.org/10.1002/bse.70193","url":null,"abstract":"While a growing literature is showing interest in the circular economy (<jats:sc>CE</jats:sc>) paradigm, there is still a lack of consensus on whether the adoption of <jats:sc>CE</jats:sc> practices can help to cope with supply risks arising from an increasingly uncertain business environment in order to increase supply chain resilience (SCRES) and improve a firm's performance. Through a survey of Italian enterprises engaged with <jats:sc>CE</jats:sc> practices, this study aims to fill this literature gap, investigating whether the adoption of <jats:sc>CE</jats:sc> practices can initiate a path of increased SCRES, which can lead firms to improve their overall performance, thus proactively responding to environments characterised by high levels of supply risk. This study contributes to the debates about the paths connecting <jats:sc>CE</jats:sc> practices and firms' performance, especially in the context of vulnerabilities and disturbances, empirically demonstrating how firms might exploit the potential of <jats:sc>CE</jats:sc> by investing in SCRES. This study sheds light on the relationship between <jats:sc>CE</jats:sc> and SCRES, particularly underlying the most relevant paths of relationships between <jats:sc>CE</jats:sc> and those SCRES capabilities that can lead to performance improvements, particularly when the level of supply risk increases.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"77 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145056716","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":"‘We Need to Play With the Same Rules as Others’: Circular Fashion Start‐Ups and the Emerging Logic of Circularity","authors":"Ines Kaivonen, Nina Mesiranta, Elina Närvänen","doi":"10.1002/bse.70192","DOIUrl":"https://doi.org/10.1002/bse.70192","url":null,"abstract":"Due to its activities' severe environmental and social consequences, the fashion industry urgently needs transformation. The shift to a circular economy is widely recognised as a key solution, with circular fashion offering a pathway to reshape the industry's dominant linear model. Entrepreneurship and especially circular start‐ups play a crucial role in this transition. However, in fashion, moving towards circularity is not only a business shift but also an institutional transformation. As this transition involves navigating multiple and sometimes conflicting institutional logics, we examine how circular fashion start‐ups (CFSs) engage in institutional work to shape these logics. Based on 13 thematic interviews, we identify four key themes (aspiration for novelty, broadening the audience, revaluating fashion and redefining roles) through which CFSs legitimise their businesses within the linear fashion market system. Simultaneously, we show how these efforts contribute to the emergence of a distinct logic of circularity and provide useful managerial implications for practitioners.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"28 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145056711","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":"Analyzing the Effect of Lean Six Sigma Practices and Green Culture on Circular Manufacturing Capabilities in Achieving 3P Performance","authors":"Saumyaranjan Sahoo, V. G. Venkatesh, Yangyan Shi, V. Raja Sreedharan, Martin Schleper","doi":"10.1002/bse.70197","DOIUrl":"https://doi.org/10.1002/bse.70197","url":null,"abstract":"The investigation intends to contribute to the growing interest among academics and practitioners worldwide by advancing knowledge of how manufacturers can improve their 3P (planet, profit, and people) performance through systemic mechanisms. The objectives of this research are to (1) assess the effect of lean six sigma practices and green culture on developing circular manufacturing capabilities among manufacturers and (2) assess how such developed circular manufacturing capabilities translate into better 3P performance in the backdrop of Industry 4.0 technologies. In pursuit of the stated objectives, the research team conducted a survey of 232 manufacturers and analyzed the collected data using the structural equation modeling approach. The assessment demonstrates that the enactment of lean six sigma practices and the adoption of a green culture have a significant and positive influence on the development of circular manufacturing capabilities. This, in turn, leads to improvements in environmental, economic, and social performance (i.e., 3P performance). Further, it has been found that the utilization of Industry 4.0 technologies by manufacturers has a significant moderating effect on the impact of their circular manufacturing capabilities on their 3P performance. The results have substantial implications for administrators looking to streamline their adoption of Industry 4.0 technologies and lean six sigma practices and cultivate a green culture to enhance their competitive advantage and boost their reputation.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"24 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145056718","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":"Disruptive Climate Protests Against Companies: Analyzing Customer Perceptions in an Experimental Setting","authors":"Aitor Marcos, Saima Kazmi, Patrick Hartmann","doi":"10.1002/bse.70195","DOIUrl":"https://doi.org/10.1002/bse.70195","url":null,"abstract":"In response to insufficient progress on carbon neutrality commitments, climate activism is increasingly targeting oil companies and the banks that finance their activity. Drawing on Attribution Theory, this research investigates how protest extremity (moderate vs. disruptive) and protest target (oil companies vs. banks funding oil projects) influence perceived corporate agency and customers' switching intentions. Study 1 shows that moderate protests are more effective than disruptive ones in influencing perceptions and switching intentions, particularly when aimed at banks. Disruptive protests reduce perceived corporate agency and responsibility, thereby lowering customers' intentions to switch providers. Study 2 focuses only on banks and builds on Study 1 by manipulating protest extremity and the bank's role in exacerbating climate change (direct vs. indirect). This framing did not significantly affect customer perceptions—suggesting that protest extremity, rather than protest target, is the primary driver lowering perceived agency and switching intentions. Implications for corporate sustainability communication and reputation management are discussed.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"109 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145056724","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":"Organizational Greenwashing and Work Engagement: Evidence From the Hospitality Industry","authors":"Hong Zhu, Morgan X. Yang, Jia Chen, Yili Duan","doi":"10.1002/bse.70163","DOIUrl":"https://doi.org/10.1002/bse.70163","url":null,"abstract":"Current research on organizational greenwashing primarily focuses on its impact on customers, while its effects on employees—crucial internal stakeholders—remain underexplored. Drawing on Affective Event Theory, we investigate the relationship between organizational greenwashing and the work engagement of hospitality employees. Utilizing a 2‐week time‐lagged survey (Study 1, <jats:italic>N</jats:italic> = 324) and an online experiment (Study 2, <jats:italic>N</jats:italic> = 226), we provide corroborating evidence that greenwashing behaviors by hospitality firms lead to employees' contempt for the organization, which subsequently decreases their work engagement. Additionally, family motivation negatively moderates the relationship between contempt for the organization and work engagement, indicating that the negative impact of contempt on work engagement is attenuated when employees have a high level of family motivation. This research enhances the theoretical understanding of how organizational greenwashing affects employees' job‐related behaviors and offers practical implications for hospitality firms to prevent and manage greenwashing practices.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"36 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145056723","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":"Is Circular Economy a Success Factor for Electronic Waste Management Projects? Investigating Consumer Behavior in the Context of Crowdfunding","authors":"Jintao Lu, Zuxin Song, Ciro Troise, Stefano Bresciani","doi":"10.1002/bse.70204","DOIUrl":"https://doi.org/10.1002/bse.70204","url":null,"abstract":"Electronic waste is at the center of the debate on resource sustainability. Despite this, there is still very little research conducted to investigate consumer behavior in the field of electronic waste management. Currently, the circular economy is essential for electronic products and for creating value for businesses and the environment. This study sheds light on the importance of the circular economy for the decision‐making process of consumers by analyzing the crowdfunding context; this is a significant context to investigate how the backers act as consumers who support specific initiatives and commit financial resources to pre‐order products/services. Specifically, we explored the role of the circular economy in influencing the success of crowdfunding campaigns. We used the population of campaigns focused on electronic waste posted on Kickstarter (2009–2025). The findings highlight that the circular economy has a significant positive effect on the amount of funding raised and backers involved at the end of the campaigns.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145056721","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}