Business Strategy and The Environment最新文献

{"title":"Identification of Barriers and Driving Forces for Circular Economy (CE) Implementation in Water and Wastewater Companies","authors":"Marzena Smol,&nbsp;Dominika Szołdrowska,&nbsp;Joanna Duda","doi":"10.1002/bse.4097","DOIUrl":"10.1002/bse.4097","url":null,"abstract":"<div>\u0000 \u0000 <p>Water and wastewater management sector is one of the basic areas of implementing a circular economy (<span>CE</span>). Enterprises operating in this sector are mainly wastewater treatment plants (WWTPs) managed by municipalities or private companies. They encounter various barriers and facilitators to implement <span>CE</span>, in the area of technology development and management. However, a limited number of works in the available literature focus on nontechnological aspects of implementing <span>CE</span> in WWTPs. Therefore, this paper presents a comprehensive analysis of challenges (including driving forces and barriers) for WWTPs in the process of implementing <span>CE</span> policy goals. The PESTEL strategic analysis method was used, taking into account the identification of political, economic, social, technological, environmental, and legal factors. It was confirmed that there are more incentives than barriers to actively implementing <span>CE</span> model in analyzed enterprises. The most important driving forces include: (i) favorable European <span>CE</span> policy, as recommendations and law regulations in the area of water, raw materials, and energy recovery; (ii) society's pressure on resource protection; (iii) possible revenues from the sale of recovered water, energy or <span>CE</span>-fertilizers; (iv) financial support for <span>CE</span> solutions. Among defined barriers that could slow down the circular transformation, the most important are: (i) lack of clearly stated regulations regarding water, energy, and raw materials recovery, as well as transparency and regulatory risk; (ii) limited own financial resources of WWTPs operators; (iii) high cost of investments and maintaining recovery/recycling technologies. Those results may be of key importance to practitioners in strategic decision making for the improved application of circularity in the operating process. Because the implementation of <span>CE</span> solutions should have an integrated approach throughout the enterprise, it is recommended to develop circular business models for these companies, that would take into account both the core business (water and wastewater management) as well as possibilities of further <span>CE</span> implementation, such as recovery of water, energy, and raw materials. In the coming years, such solutions could be financially supported by the national and European sources, which may have a positive impact on the acceleration to the <span>CE</span> model.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 2","pages":"2167-2189"},"PeriodicalIF":12.5,"publicationDate":"2024-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142825060","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":"Building Sustainable Supply Chain Resilience: Insights From a Mixed-Method Study","authors":"Surajit Bag,&nbsp;Muhammad Sabbir Rahman,&nbsp;Andrea Chiarini","doi":"10.1002/bse.4071","DOIUrl":"10.1002/bse.4071","url":null,"abstract":"<p>Growing concerns regarding climate change and extreme weather events have spurred heightened interest among supply chain professionals, researchers, and policymakers, leading to increased focus on supply chain resilience. This study aims to develop a model specifically geared toward enhancing supply chain endurance and contribute to the ongoing debate on supply chain resilience. Employing a mixed-method approach, the research initially utilizes the qualitative methodology to delineate the facets of supply chain endurance. Subsequently, through a multiple cross-sectional survey design, the study empirically examines the relationship between supply chain endurance, a firm's supply chain resilience, and community resilience. The results engender discussions on fortifying firms' supply chain endurance by cultivating adaptive leadership, adaptability, visibility, flexibility, collaboration, redundancy, and conditioning. This research underscores the significance of nurturing supply chain endurance capabilities in bolstering a firm's sustainable supply chain resilience and the resilience of the broader community.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 2","pages":"2103-2127"},"PeriodicalIF":12.5,"publicationDate":"2024-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4071","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142825093","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":"Firms' Preferences for Environmental, Social, and Governance Policies: Evidence From Small and Medium Enterprises in Hong Kong","authors":"Wai-Fung Lam,&nbsp;Lin Nie,&nbsp;Edward KF Chan","doi":"10.1002/bse.4100","DOIUrl":"https://doi.org/10.1002/bse.4100","url":null,"abstract":"<div>\u0000 \u0000 <p>Though large corporations have made significant strides in environmental, social, and governance (ESG) integration, small and medium enterprises (SMEs) face challenges due to limited resources and incentives. This study explores the preferences and priorities of SMEs in Hong Kong—a major financial hub with over 340,000 SMEs—regarding ESG policy instruments, addressing a critical gap in current scholarship that often overlooks the perspectives of regulatees. Utilizing a conjoint experiment, this research assesses SMEs' preferences for ESG policies with varying levels of specificity in ESG aspects. We find that SMEs generally favor some form of ESG regulation over none; preferences vary across policy fields and subsectors. The findings indicate that understanding SMEs' preferences is necessary to design effective policy tools that encourage ESG adoption. By focusing on regulatees' perceptions, this research contributes to a more nuanced understanding of ESG policy design, offering valuable insights for policymakers aiming to enhance corporate sustainability across diverse business sectors.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 2","pages":"2207-2221"},"PeriodicalIF":12.5,"publicationDate":"2024-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143362323","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":"Will China's Carbon Emission Trading Regulation Really Decrease the Green Investment of Firms? A Microperspective on Corporate Governance","authors":"Tingting Li,&nbsp;Xiangrui Meng,&nbsp;Liukai Wang,&nbsp;Yu Gong","doi":"10.1002/bse.4103","DOIUrl":"https://doi.org/10.1002/bse.4103","url":null,"abstract":"<p>Although China initiated pilot carbon emission trading (CET) regulations in 2014, systematic research specifically examining their impact on corporate green investment expenditure (GIE) and the underlying mechanisms from an internal and external perspective remains limited. To this end, we conducted a quasinatural experiment to investigate how CET regulations affect the GIE of firms in eight high-emission industries. Using a difference-in-differences (DID) approach and propensity score matching (PSM-DID) on 4117 year-firm observations of listed A-share firms located in China's covered areas from 2010 to 2019, we found that CET regulations have a negative impact on firms' GIE. Further, from the microperspective of internal and external mechanisms of corporate governance, we also find negative moderators of corporate innovation capability and carbon trading market efficiency, respectively. The detailed heterogeneity impacts of the CET policy on the GIE of CET-covered firms in different regions, industries, and ownership types are illustrated. This study systematically analyzes the impact of CET policy on GIE in high-emission industries in China, focusing on the internal and external mechanisms of corporate governance. By doing so, it contributes to the literature in environmental economics and corporate green investment, offering new insights into the effects of regulatory policies on corporate behavior in high-emission sectors. Enterprises should properly deal with the relationship between carbon emission quotas and green investment to realize a virtuous cycle of reasonable GIE and carbon emission reduction targets and ultimately achieve a win–win situation for both the economy and the environment.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 2","pages":"2222-2238"},"PeriodicalIF":12.5,"publicationDate":"2024-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4103","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143362370","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":"The Symbiotic Production of Food and Green Electricity: Consumer Preferences for Food Produced in Agrivoltaic Systems","authors":"Maureen Schulze,&nbsp;Kristin Jürkenbeck","doi":"10.1002/bse.4080","DOIUrl":"10.1002/bse.4080","url":null,"abstract":"<p>In light of the commitment by EU member states to achieve climate neutrality for the European continent by 2050, the expansion of renewable energy sources emerges as a significant challenge of our time. Agrivoltaic systems, which combine the production of renewable energy and food, offer a solution to alleviate the competition for limited land resources. However, scientific insights into whether consumers value food produced in agrivoltaic systems are lacking, so far. Knowledge of consumers' preferences is, however, crucial to successfully commercialize food production within agrivoltaic systems. This study addresses this research gap by conducting a hypothetical choice experiment with a sample of 448 German consumers. It examines consumers' preferences for food produced in agrivoltaic systems, using raspberries as a case study. Results of the random parameter logit (RPL) modeling revealed that consumers are willing to pay a premium for food labeled with information about the production of green electricity. Additionally, information on reduced plastic and water usage of food produced within agrivoltaics systems were also valued, next to domestic and regional production. A latent class segmentation was carried out for the targeted marketing for food produced in agrivoltaic systems. This resulted in four distinct consumer segments that differ according to their preference structure. Targeted recommendations are provided to enhance consumer acceptance and facilitate the diffusion of agrivoltaic systems.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 2","pages":"2088-2102"},"PeriodicalIF":12.5,"publicationDate":"2024-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4080","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142820625","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":"Assessing a Hierarchical Structure for Circular Supply Chain Management Performance: Improving Firms' Eco-Innovation and Technological Performance","authors":"Taufik Kurrahman,&nbsp;Feng Ming Tsai,&nbsp;Kanchana Sethanan,&nbsp;Chih-Cheng Chen,&nbsp;Ming-Lang Tseng","doi":"10.1002/bse.4066","DOIUrl":"10.1002/bse.4066","url":null,"abstract":"<div>\u0000 \u0000 <p>This study develops and assesses the validity of a hierarchical structure for circular supply chain management performance (CSCMP) in the semiconductor industry. Previous studies have focused on synchronizing technological performance with eco-innovation to enhance the circular operations, financial benefits, environmental advantages, and social benefits of CSCMP. This study employs a hybrid data–driven approach that combines qualitative and quantitative techniques to develop a hierarchical structure and determine the ranks of various attributes, thereby providing decision-makers with valuable insights and practical guidance. Content and bibliographic analyses, the entropy-weighted method, the fuzzy Delphi method, exploratory factor analysis, fuzzy decision-making trials, evaluation laboratories, and fuzzy analytic network processes are incorporated in this data-driven approach. The findings of this research suggest that stakeholders must collaborate to improve eco-innovation and technological performance with the goal of enhancing CSCMP. Decision-makers must prioritize stakeholder engagement, risk and responsibility sharing, and collaboration within the circular supply chain. Additionally, service innovations and network innovations can enhance the circularity model.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 2","pages":"2035-2064"},"PeriodicalIF":12.5,"publicationDate":"2024-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142815768","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":"Understanding the Role of Consumers for a Sustainable Future: Empirical Evidence From a Three-Stage Hybrid Analysis Incorporating Bibliometrics, PLS-SEM, and ANN","authors":"Barış Armutcu,&nbsp;Veland Ramadani,&nbsp;Ahmet Tan,&nbsp;Andrea Appolloni","doi":"10.1002/bse.4070","DOIUrl":"10.1002/bse.4070","url":null,"abstract":"<div>\u0000 \u0000 <p>This present study aims to provide ways to surmount the barriers to sustainable green consumption by identifying the main antecedents influencing consumers' green apparel purchasing intentions with Asian, Middle Eastern, and European consumption cultures. The study expands the TPB model (attitude, subjective norms, and perceived behavioral control) by adding the variables of altruism, openness to change, and receptivity to green communication within the framework of the value–attitude–behavior hierarchy (VABH). It makes significant contributions to the sector along with the relevant literature. In this regard, the green apparel literature was first reviewed using the bibliometrics (R and VOSviewer) method. Secondly, the data collected by the questionnaire method from 440 participants who were conscious of green apparel consumption were analyzed using the structural equation modeling (PLS-SEM). Finally, the findings obtained from SEM were confirmed with the analysis method using the artificial neural network (PLS-ANN). Moreover, within the framework of the VABH, attitude mediates the relationship between altruism and consumers' green apparel purchase intentions. The findings obtained from SEM revealed that the most determining factors in consumers' green apparel purchase intentions are behavioral control, altruism, attitude, and subjective norms, respectively. These findings are similar to and confirmed by the ANN analysis results.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 2","pages":"2065-2087"},"PeriodicalIF":12.5,"publicationDate":"2024-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142815767","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":"Executive Green Cognition on Corporate Greenwashing Behavior: Evidence From A-Share Listed Companies in China","authors":"Xiaoli Hao,&nbsp;Erxiang Miao,&nbsp;Shufang Wen,&nbsp;Haitao Wu,&nbsp;Yan Xue","doi":"10.1002/bse.4095","DOIUrl":"https://doi.org/10.1002/bse.4095","url":null,"abstract":"<div>\u0000 \u0000 <p>Greenwashing has become a strategy for companies to comply with environmental regulations, while also projecting an eco-friendly image. This study examined how executives' green cognition affected the corporate greenwashing using both fixed effect and moderated mediation models. The findings indicated that the executives' green cognition significantly reduced the greenwashing behavior, whereas its effectiveness decreased with the increasing financial constraints. Additionally, the executives' green cognition helped mitigate the greenwashing by promoting innovation in green management, while this effect was limited by financial constraints. Furthermore, in highly competitive industries and with substantial ownership stakes among senior executives, the impact of green cognition on greenwashing was constrained. However, when the roles of the chairman and general manager were separate, senior executives' green cognition effectively avoided the greenwashing. Moreover, after the COVID-19 pandemic, the inhibitory effect of executives' green cognition on greenwashing became more pronounced. This study could offer valuable insights into reducing corporate greenwashing and enhancing environmental credibility.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 2","pages":"2012-2034"},"PeriodicalIF":12.5,"publicationDate":"2024-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143362848","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 Joys of Giving Up … Embracing the Motivations and Gratifications of Intentional Value Uncapture in Sustainable Development","authors":"Agnieszka Kabalska,&nbsp;Ralf Wagner","doi":"10.1002/bse.4078","DOIUrl":"10.1002/bse.4078","url":null,"abstract":"<p>This study examines the concept of sustainable value (SV), focusing on SV derived from social interactions within entrepreneurial processes. We introduce the novel concept of value intentionally uncaptured (VIU), exploring its dimensions at both the individual and collective levels. This research employs uses and gratification theory and self-determination theory to conceptualize motivations for leaving VIU (M-VIU) and gratifications from leaving VIU (G-VIU). We challenge traditional notions of value creation and capture, positing that entrepreneurs can generate and capture social and environmental value by intentionally not capturing economic value. This intentional relinquishment evokes the ambiguity inherent in SV, suggesting that motivations and gratifications in VIU are interconnected, dynamic, and fluctuating, not linear. Methodologically, we integrate theory development with empirical evidence, including expert reviews and interviews, to ask whether it is reasonable to leave value uncaptured. Our findings reveal that motivations for and gratifications from VIU are reciprocal and co-active, challenging the traditional view that positive outcomes are derived solely from proactive actions. This conceptual study both broadens the perspective on value creation and capture and significantly contributes to understanding individual and collective gratifications from intentionally uncapturing value, emphasizing the benefits of not engaging in certain activities.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 2","pages":"1972-1992"},"PeriodicalIF":12.5,"publicationDate":"2024-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4078","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142804552","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":"Environmental Indicators for Assessment of Circular Economy (CE) Implementation in the Water and Wastewater Sector","authors":"Marzena Smol,&nbsp;Alfonso Mejia,&nbsp;Massimo Gastaldi,&nbsp;Idiano D'Adamo","doi":"10.1002/bse.4090","DOIUrl":"10.1002/bse.4090","url":null,"abstract":"<div>\u0000 \u0000 <p>Water and wastewater sector actively participates in circular economy (<span>CE</span>) transition; however, there is no official <span>CE</span> monitoring framework to measure the level of progress toward the <span>CE</span> model in this sector. The paper presents a set of environmental indicators that could support water and wastewater treatment companies in the assessment of <span>CE</span> implementation. <span>CE</span> indicators were grouped into six areas of <span>CE</span> implementation in this sector: <i>reduction</i>—prevention of wastewater generation; <i>reclamation</i> (<i>removal</i>)—contamination removal from water and wastewater; <i>reuse</i>—water reuse for nonpotable usage; <i>recycling</i>—water reuse for potable usage; <i>recovery</i>—recovery of raw materials and energy from water-based waste; and <i>rethink</i>—rethinking use of raw materials. The following indicators were proposed in specific <span>CE</span> areas: <i>reduction</i>—tap water consumption reduction, wastewater generation reduction, waste reduction, sewage sludge generation reduction, and water footprint; <i>reclamation</i>—pollutants removal from water and pollutants removal from wastewater; <i>reuse</i>—water reuse from wastewater for nonpotable usage and recycling of technical water for nonpotable usage; <i>recycling</i>—water reuse from wastewater for potable usage; <i>recovery</i>—raw materials recovery, bio-based fertilizers, energy recovery, processing of sewage sludge, composting of sewage sludge, biogas production, and processing of ashes; and <i>rethink</i>—<span>CE</span> technologies, life cycle assessment reports, <span>CE</span> products, and <span>CE</span> business models, industrial symbiosis, and carbon footprint. The proposed <span>CE</span> indicators can be used not only to assess the level of transformation toward <span>CE</span> but also to support further policies on strategic <span>CE</span> initiatives in organizations operating in the water and wastewater sector. Moreover, they could support the strategic planning of further <span>CE</span> initiatives in organizations. The proposed list of <span>CE</span> indicators is not closed because in the coming years, more and more <span>CE</span> solutions are expected to be developed and implemented in water and wastewater treatment plant companies, involving also economic and social aspects, in order to support the sustainable development.</p>\u0000 </div>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 2","pages":"1993-2011"},"PeriodicalIF":12.5,"publicationDate":"2024-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142804549","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}