{"title":"Environmental, social, and governance reporting in family firms: The critical role of CEO attributes","authors":"Richard Yeaw Chong Seow","doi":"10.1002/bse.3984","DOIUrl":"https://doi.org/10.1002/bse.3984","url":null,"abstract":"Amid the global surge in emphasis on environmental, social, and governance (ESG) reporting, the response of family firms to these demands has been underexplored. Chief Executive Officers (CEOs) play an essential role in materializing and adhering to ESG‐related expectations from stakeholders. Anchored in upper echelons and socio‐emotional wealth theoretical frameworks, this study embarks on a novel investigation into the complex attributes of CEOs, aiming to deepen the understanding of their role in advocating for ESG principles. Employing a random effects model with robust standard errors, this research scrutinizes data from Malaysian family firms between 2018 and 2022. Findings reveal that CEO tenure, experience, and board interlocking positively correlate with ESG reporting, enhancing these family firms' sustainability profiles. In contrast, CEO ownership displays a negative correlation with ESG reporting, suggesting a potential conflict between personal ownership interests and broader ESG commitments. This study significantly contributes to the evolving discourse on ESG practices within family firms, highlighting the pivotal influence of distinct CEO attributes on the ESG reporting landscape.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"53 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142328996","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}
Xiaosan Zhang, Qingquan Jiang, Javier Cifuentes‐Faura, Xiaojie Hu, Yuyan Li
{"title":"Do tax incentives matter in promoting corporate ESG performance toward sustainable development?","authors":"Xiaosan Zhang, Qingquan Jiang, Javier Cifuentes‐Faura, Xiaojie Hu, Yuyan Li","doi":"10.1002/bse.3966","DOIUrl":"https://doi.org/10.1002/bse.3966","url":null,"abstract":"Environmental, Social, and Governance (ESG) reflects the new concept of global sustainable development. This paper, integrating institutional theory, stakeholder theory, and the resource‐based view (RBV), aims to explain how tax incentives enhance corporate ESG performance. Using listed companies in China as the research sample, this paper employs a two‐way fixed effects model to empirically test the causal relationship between the variables. The empirical results show that tax incentives significantly promote overall corporate ESG performance as well as its individual dimensions. Mechanism analysis reveals that tax incentives enhance ESG performance by improving corporate technological innovation capabilities. Heterogeneity analyses indicate that the positive impact of tax incentives on ESG performance is more pronounced when firms are state‐owned, from nonpolluting industries, and located in the eastern region. Our findings contribute valuable insights to scholars and industry experts researching the impact of fiscal policies on corporate ESG performance.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"24 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142328993","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":"What do established companies do to factor in sustainability into their business models?","authors":"Bejtush Ademi, Alf Steinar Sætre, Nora Johanne Klungseth","doi":"10.1002/bse.3980","DOIUrl":"https://doi.org/10.1002/bse.3980","url":null,"abstract":"This study examines the motivations for businesses to integrate sustainability into their business models (BMs) and how they can innovate those models to become more sustainable. The concept of business model innovation for sustainability (BMIfS) has emerged as a viable means to help companies innovate sustainable business models (SBMs). However, it remains a “black box” for many companies, and a design‐implementation gap has been identified. Utilizing an embedded case study approach, we conducted 49 interviews, observed three meetings, and collected over 1000 pages of archival data. The findings offer practical strategies for BMIfS, clarify the integration between business model innovation and SBM concepts, and provide a framework for adding new SBMs to an existing business portfolio. This research is of interest to scholars and business practitioners involved in integrating sustainability into their business strategies for building a sustainable future.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"36 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142325609","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 formation of a sustainable organizational identity: Insights from Brazilian coffee producers","authors":"Yuliia Kyrdoda, Marco Balzano, Donata Vianelli","doi":"10.1002/bse.3975","DOIUrl":"https://doi.org/10.1002/bse.3975","url":null,"abstract":"Organizations craft their identities to define their character and effectively communicate their values to stakeholders. In the contemporary quest for sustainability, building an identity that genuinely reflects their awareness and attention to these issues is increasingly salient. Over the years, research on organizational identity exhibited constant growth, witnessing the power of organizational identities exerted over organizational behavior. Prior research has emphasized the importance of organizational identity for an array of positive organizational outcomes. Still, much less is known about the levers behind the identity formation process. Against this backdrop, the present study explores the pathways to the formation of a sustainable organizational identity. By drawing on organizational identity and sensemaking literature, we build up a narrative inquiry, analyzing the experiences and perspectives of executives from 25 Brazilian coffee producers through in‐depth interviews. The findings underline that the process of formation involves three phases, namely, orienting toward sustainability, acting sustainably, and forging a sustainable identity, which are also shaped by contextual factors. We emphasize the key role of leadership in building a sustainable identity, as their motivations and sustainability‐oriented commitments could serve as catalysts for triggering organizational change.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"25 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142321307","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":"Developing resilience strategies amid supply chain risks in the automotive industry: A stakeholder theory perspective","authors":"Luay Jum'a, Salam Qamardin, Muhammad Ikram","doi":"10.1002/bse.3977","DOIUrl":"https://doi.org/10.1002/bse.3977","url":null,"abstract":"Managing automotive supply chain risks contributes to achieving sustainability goals, including ensuring business continuity, maintaining production and delivery schedules, and reducing environmental impact. Therefore, this study aims to investigate the risks confronting the supply chain in the automotive industry through the moderating effect of reactive and proactive resilience strategies. The stakeholder theory perspective was used in this study to examine supply chain risk in the automotive industry. A quantitative method was employed, resulting in 157 valid responses. The results reveal that demand risk had the most significant effect on auto dealer performance, followed by logistics/transportation, production, and supply risk. Notably, proactive resilience strategies were found to significantly impact the relationship between risk and performance. The findings underscore the importance of proactive measures in mitigating the performance impacts of supply chain risk. This study contributes a theoretical framework by identifying four major supply chain risks and seven proactive and 12 reactive strategies. In addition, the study was conducted through the lens of stakeholder theory, emphasizing the importance of suppliers, manufacturers, and dealers cooperating to establish a reliable supply chain.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"3 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142317561","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}
Imad El Harraki, Mohammad Zoynul Abedin, Amine Belhadi, Sachin Kamble, Karim Zkik, Mustapha Oudani
{"title":"Data‐driven control and a prey–predator model for sourcing decisions in the low‐carbon intertwined supply chain","authors":"Imad El Harraki, Mohammad Zoynul Abedin, Amine Belhadi, Sachin Kamble, Karim Zkik, Mustapha Oudani","doi":"10.1002/bse.3971","DOIUrl":"https://doi.org/10.1002/bse.3971","url":null,"abstract":"This paper addresses the challenges of low‐carbon sourcing in intertwined supply chains by proposing a data‐driven control framework and a prey–predator model for sourcing decisions. The objective is to optimize low‐carbon objectives and reduce environmental impact. Existing static models fail to capture the dynamic nature of supply chain systems and overlook the ripple effects when sourcing decisions propagate throughout the interconnected network. To bridge this gap, our study develops a dynamic model that explicitly captures the bullwhip effect and leverages real‐time and historical data. This model conceptualizes suppliers as prey and manufacturers and consumers as predators, employing an ecological analogy to decipher the intricate interactions and dependencies within the supply chain. Through this approach, we identify strategies to promote sustainable practices and motivate suppliers to adopt low‐carbon measures. We assess two data‐driven algorithms, the nonlinear auto‐regressive exogenous (NARX) network and sparse identification of nonlinear dynamic systems with input variables (SINDYc). The results reveal that SINDYc outperforms prediction accuracy and control, offering significant advantages for rapid decision‐making. The study highlights how shifts in market demands and regulatory pressures critically influence the strategies of chemical firms and fertilizer markets. Moreover, it discusses the economic challenges in transitioning from high carbon footprint suppliers (HCFSs) to low carbon footprint suppliers (LCFSs), exacerbated by a notable cost disparity where HCFSs are approximately 30% cheaper. By advancing beyond conventional static models, this research provides a deeper understanding of the environmental impacts and operational dynamics within supply chains, emphasizing the significant “ripple effect” where decisions at one node profoundly affect others within the chain.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"1 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142306199","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}
Iluminada Fuertes‐Fuertes, J. David Cabedo, José Miguel Tirado‐Beltrán
{"title":"How do hybrid organisations use socio‐environmental impact information? An exploratory analysis in European B corps","authors":"Iluminada Fuertes‐Fuertes, J. David Cabedo, José Miguel Tirado‐Beltrán","doi":"10.1002/bse.3973","DOIUrl":"https://doi.org/10.1002/bse.3973","url":null,"abstract":"Achieving genuine sustainability progress depends on translating strategic goals into actionable steps. This is particularly crucial for hybrid organisations, where managers must integrate socio‐environmental impact information into daily practices. This study explores how managers use impact information for internal (company control and decision‐making) and external (dissemination) purposes. Furthermore, it examines whether there are differences in the usage patterns depending on corporate characteristics. Using sample data produced by an online questionnaire administered to European B Corps, the results show somewhat limited integration of this socio‐environmental information into management decision‐making. However, companies with better alignment between economic and social objectives, alongside highly innovative firms, showcase a more extensive use of this information. This research contributes to the literature by identifying specific organisational characteristics that are linked to the observed variations in the use of impact information. It points out which characteristics are associated with companies that exhibit a more comprehensive integration of this information into management practices.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"204 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142313732","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}
Dharen Kumar Pandey, Waleed M. Al‐ahdal, Hafiza Aishah Hashim
{"title":"Stock market reaction to mandatory sustainability reporting: Does carbon‐intensity and environmental, social, and governance reputation matter?","authors":"Dharen Kumar Pandey, Waleed M. Al‐ahdal, Hafiza Aishah Hashim","doi":"10.1002/bse.3952","DOIUrl":"https://doi.org/10.1002/bse.3952","url":null,"abstract":"With a sample of 679 listed firms, integrating the event study method and cross‐sectional analysis, we examine the stock market reaction to mandatory sustainability reporting regulation in India. We find that (1) on average, investors react positively to such announcements; (2) the impact varies across different sectors; (3) affected and unaffected firms do not posit significant differences; (4) carbon‐intensive firms are positively impacted; and (5) high environmental, social, and governance (ESG) performance is negatively associated with the event‐induced cumulative abnormal returns (CAR). One standard deviation change in ESG leads to −0.77%, −0.45%, and −0.61% significant changes in [+1,+5], [−5,+5], and [−7,+7] CAR, respectively. The findings align with the value relevance idea and the reputational risk theory but contradict the reservoir of goodwill hypothesis.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"13 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142236783","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}
Dongmei Cao, Elmar Puntaier, Fatima Gillani, Dennis Chapman, Sunita Dewitt
{"title":"Towards integrative multi‐stakeholder responsibility for net zero in e‐waste: A systematic literature review","authors":"Dongmei Cao, Elmar Puntaier, Fatima Gillani, Dennis Chapman, Sunita Dewitt","doi":"10.1002/bse.3960","DOIUrl":"https://doi.org/10.1002/bse.3960","url":null,"abstract":"Despite extensive research on e‐waste management, the integrative responsibilities of multi‐stakeholders and the dependency on technology remain underexplored. This study aims to develop an integrative multi‐stakeholder responsibility model to advance the net‐zero goal in e‐waste management. Following the PRISMA protocol, we conducted a systematic review of 99 articles. The review revealed three themes of stakeholder responsibility, four performance measure categories, three e‐waste solutions, and four roles of smart technologies. These insights informed the development of a conceptual model to enhance environmental performance in e‐waste. The proposed model emphasises critical attributes of multi‐stakeholder relationships, including partnership, shared responsibility, inclusiveness, and transparency; it offers practical guidance for multi‐stakeholders in prioritising efficient and mature technologies to be adopted and diffused, enabling effective e‐waste management. Our study extends stakeholder theory from an organisation‐centric to a problem‐based perspective, highlighting its practical implications for effective e‐waste management and suggesting future research directions for sustainability.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"8 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142233338","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":"Circular economy‐based operational strategies in the management of solar photovoltaics e‐waste: A multi‐stakeholder perspective","authors":"Ayush Gautam, Ravi Shankar, Prem Vrat","doi":"10.1002/bse.3963","DOIUrl":"https://doi.org/10.1002/bse.3963","url":null,"abstract":"The growing field of circular economy (CE) offers a promising framework for the sustainable management of end‐of‐life (EOL) electronic waste (e‐waste). However, translating this concept into a practical solution necessitates a nuanced understanding of implementation hurdles. This study delves into the complexities of EOL solar photovoltaic (PV) e‐waste management within the Indian context. We propose a novel, structurally defined CE model specifically designed to address these challenges. Our research engages a diverse group of stakeholders, encompassing academic experts, e‐waste collectors, and recyclers. By leveraging established literature and expert insights, we identify and analyze 18 key inhibitors to CE implementation. The Grey‐DEMATEL method is employed to elucidate the causal relationships and interdependencies among these inhibitors, while Euclidean distance analysis reveals areas of consensus and divergence in stakeholder perspectives. Our findings highlight prevalent challenges, including a lack of incentives for e‐waste collection and recycling, alongside shortcomings in extended producer responsibility and producer responsibility organization strategies. Ultimately, this investigation informs the development of targeted interventions aimed at bolstering reduce‐reuse‐recycle initiatives for EOL solar PV e‐waste within the Indian solar energy sector.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"2 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142233333","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}