Business Strategy and The Environment最新文献_第9页

Impact of Financial Development on the Circular Economy: Empirical Evidence From the European Union 金融发展对循环经济的影响：来自欧盟的经验证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-09-05 DOI: 10.1002/bse.70168

Sisi Chen, Mohamed Elheddad, Neetu Sharma, Chi Keung Marco Lau

{"title":"Impact of Financial Development on the Circular Economy: Empirical Evidence From the European Union","authors":"Sisi Chen, Mohamed Elheddad, Neetu Sharma, Chi Keung Marco Lau","doi":"10.1002/bse.70168","DOIUrl":"https://doi.org/10.1002/bse.70168","url":null,"abstract":"In the context of growing environmental degradation and unsustainable resource use, the transition to a circular economy (CE) has become central to policy and academic discourse. While financial development is increasingly recognized as a potential enabler of sustainability, its empirical linkage to CE outcomes remains underexplored. This study investigates the relationship between financial development—measured by domestic credit to the private sector (% of GDP)—and municipal waste generation per capita across 28 European countries from 2000 to 2020. Using a robust empirical strategy that includes fixed effects, instrumental variables (IV) estimation, and panel quantile regression, we assess whether access to credit supports or undermines CE performance. Municipal waste per capita serves as an inverse proxy for CE, capturing material inefficiencies and the persistence of linear economic models. Results consistently show a positive and significant association between financial development and waste generation, suggesting that, in the absence of environmental targeting, expanded credit may reinforce consumption‐driven waste. The findings underscore the importance of aligning financial sector growth with sustainability objectives through green finance instruments and regulatory incentives. This paper contributes to the emerging literature at the intersection of finance, environmental strategy, and circular economic transition.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"27 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145003100","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}

引用次数: 0

Unpacking Circular Economy Practices and Carbon Emissions Relationships: Co‐benefits and Legitimacy Perspectives 拆解循环经济实践与碳排放关系：共同利益与合法性视角

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-09-04 DOI: 10.1002/bse.70157

Margherita Molinaro, Guido Orzes, Joseph Sarkis

{"title":"Unpacking Circular Economy Practices and Carbon Emissions Relationships: Co‐benefits and Legitimacy Perspectives","authors":"Margherita Molinaro, Guido Orzes, Joseph Sarkis","doi":"10.1002/bse.70157","DOIUrl":"https://doi.org/10.1002/bse.70157","url":null,"abstract":"Circular economy practices can provide co‐benefits beyond resource utilization that potentially result in climate mitigation. Drawing on co‐benefits theory and using a panel of 1599 manufacturing companies for the period 2014–2021, this study investigates the relationship between circular economy practices and carbon emissions, evaluating two hypotheses. The first hypothesis speculates a negative association between circular economy and Scope 1, Scope 2, and Scope 3 emissions—meaning greater circular practices relate to fewer emissions. We then turn to legitimacy theory to evaluate this relationship within sustainability‐sensitive and non‐sensitive industries. The results show that only the product redesign strategy is associated with lower levels of Scope 1 and Scope 2 emissions. No circular economy practice is related to improvements in Scope 3 emissions. Industry‐specific characterizations are also evaluated. The work provides interesting and sometimes counterintuitive results that require greater investigation to further understand the phenomena. From a theoretical perspective, the study contributes to the literature on organizational antecedents of carbon emission intensity and extends the application of co‐benefits theory to the firm level, linking it to a legitimacy theoretical perspective. Practically, the study provides managers with insights into the effects of individual CE practices on the three emissions scopes, complemented by industry‐contingent findings.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"22 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144995181","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}

引用次数: 0

Traceability Adoption Barriers in Digital Food Supply Chain to Achieve Food Security and Sustainability 数字化食品供应链可追溯性采用障碍实现食品安全和可持续性

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-09-03 DOI: 10.1002/bse.70177

Abhishek Kashyap, Om Ji Shukla, Rakesh D. Raut, Vinay Surendra Yadav, Sudishna Ghoshal

{"title":"Traceability Adoption Barriers in Digital Food Supply Chain to Achieve Food Security and Sustainability","authors":"Abhishek Kashyap, Om Ji Shukla, Rakesh D. Raut, Vinay Surendra Yadav, Sudishna Ghoshal","doi":"10.1002/bse.70177","DOIUrl":"https://doi.org/10.1002/bse.70177","url":null,"abstract":"The modern food supply chain (FSC) faces pressing challenges, including food fraud, safety and security issues, food waste and sustainability concerns. Simultaneously, consumers are becoming increasingly interested in understanding the origins and pathways of their food. To tackle these challenges, digitisation and traceable FSCs are vital. However, numerous obstacles hinder the widespread adoption of traceability in digital FSCs. This study identifies and explores interconnections between barriers to traceability adoption in digital FSCs through an integrated DELPHI and Fuzzy DEMATEL approach. The findings highlight that Education and Training Gaps (B13), Data Integration Challenges (B14), Data Silos (B10), Environmental Sustainability Concerns (B16) and Short‐Term Focus (B17) are among the most influential barriers, impacting several other challenges. To mitigate these barriers, the study proposes a nine‐pillar framework. The insights derived from this research can support government agencies, policymakers and agro‐food industries in advancing traceability adoption across digital FSCs.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"20 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144987282","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}

引用次数: 0

Females on Board, Stakeholder Orientation, and ESG Disclosure: An Evidence From the Tourism and Transportation Industries 女性董事、利益相关者导向与ESG披露：来自旅游业和运输业的证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-09-03 DOI: 10.1002/bse.70174

Akrum Helfaya, Phuong Bui, Ahmed Aboud

{"title":"Females on Board, Stakeholder Orientation, and ESG Disclosure: An Evidence From the Tourism and Transportation Industries","authors":"Akrum Helfaya, Phuong Bui, Ahmed Aboud","doi":"10.1002/bse.70174","DOIUrl":"https://doi.org/10.1002/bse.70174","url":null,"abstract":"In the tourism and transportation (T&T) industries, female directors' contributions are undervalued despite the strong emphasis on board gender diversity in management research. We investigate whether the impact of multiple board gender diversity measures on environmental, social, and governance (ESG) practices varies between shareholder‐ and stakeholder‐oriented countries and between T&T industries, drawing on insights from both managerial and psychological perspectives. Using an international sample of 790 firm‐year observations representing 79 listed firms from 16 countries, we find that gender diversity is positively associated with ESG disclosure practices, and this relationship is more pronounced in shareholder‐oriented countries and the transportation sector. These insights culminate in an integrated theoretical framework that challenges traditional governance paradigms and highlights the essential role of board gender diversity in fostering sustainability. By emphasizing the contributions of female leadership to ESG disclosure practices, this research offers valuable policy implications and practical strategies for enhancing gender diversity within T&T industries.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"122 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144987412","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}

引用次数: 0

Do Women Directors Drive Firm's Climate Risk Disclosure? An International Evidence 女性董事是否推动了公司的气候风险披露？国际证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-08-30 DOI: 10.1002/bse.70165

Ammar Ali Gull, Muhammad Atif, Asad Ali Rind

引用次数: 0

Transitioning Towards Circular Economy Practices: The Role of Organizational Capabilities and Environmental Dynamism—Evidence From Indonesia 向循环经济实践过渡：组织能力和环境动态的作用——来自印度尼西亚的证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-08-28 DOI: 10.1002/bse.70161

I. Wayan Edi Arsawan, Ani Kartikasari, Dwi Suhartanto, Septi Fahmi Choirisa

{"title":"Transitioning Towards Circular Economy Practices: The Role of Organizational Capabilities and Environmental Dynamism—Evidence From Indonesia","authors":"I. Wayan Edi Arsawan, Ani Kartikasari, Dwi Suhartanto, Septi Fahmi Choirisa","doi":"10.1002/bse.70161","DOIUrl":"https://doi.org/10.1002/bse.70161","url":null,"abstract":"Circular economy practices are increasingly recognized as strategic approaches to enhance competitiveness and sustainability. However, the transition to circular business models, particularly concerning internal capabilities and environmental dynamics in small‐ and medium‐sized enterprises (SMEs), has not been sufficiently explored. This study examines the impact of organizational agility and environmental dynamism on circular economy practices among Indonesian SMEs. Data from 207 companies (828 respondents) were analyzed using structural equation modeling. Results show that both organizational agility and environmental dynamism significantly drive strategic changes towards circular economy practices. Organizational agility positively influences circular product innovation and production processes, while environmental dynamism has a notably positive impact on recycling initiatives. The adoption of circular business models mediates organizational agility and environmental dynamism towards circular economy practices (circular product innovation, circular production practices, and recycling practices). This research enhances our understanding of how organizational adaptability and environmental factors promote circular business models in SMEs. This study integrates dynamic capability and institutional theory through a comprehensive model to enhance the circular economy literature, especially in the SME sector. In addition, the research findings offer valuable insights for policymakers and business leaders implementing circular economy principles in the SME sector, contributing to the achievement of Sustainable Development Goals (Goal 8, decent work and economic growth; Goal 9, industry, innovation, and infrastructure; Goal 12, responsible consumption and production; Goal 13, climate action; Goal 17, partnership for the goals) through improved resource management and sustainable practices.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144910580","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}

引用次数: 0

Examining Airlines' Environmental and Social Disclosure: Does Board Gender Diversity Matter? 审视航空公司的环境和社会信息披露：董事会性别多元化是否重要？

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-08-27 DOI: 10.1002/bse.70164

Enoch Opare Mintah, Mahmoud Elmarzouky, Doaa Shohaieb

引用次数: 0

Impact of Female Executive Power on Corporate ESG Performance: The Mediating Role of Managerial Self‐Interest 女性执行权力对企业ESG绩效的影响：管理自我利益的中介作用

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-08-27 DOI: 10.1002/bse.70156

Xu Wang, Hanhan Han, Mengfei Zhao, Shengliang Deng

{"title":"Impact of Female Executive Power on Corporate ESG Performance: The Mediating Role of Managerial Self‐Interest","authors":"Xu Wang, Hanhan Han, Mengfei Zhao, Shengliang Deng","doi":"10.1002/bse.70156","DOIUrl":"https://doi.org/10.1002/bse.70156","url":null,"abstract":"The significance of the responsibility fulfillment capability for environmental, social, and governance (ESG) is increasing, with ESG performance becoming increasingly pivotal for firms seeking to bolster their competitive edge. This study empirically examines the correlation and mechanism between female executive power and corporate ESG performance, using regression analysis to focus on A‐share listed firms from 2012 to 2022. The results demonstrate that female executive power has a positive correlation with corporate ESG and ES performance. This positive correlation is ascribed to the mechanism by which female executive power diminishes managerial self‐interest and improves corporate ESG and ES performance. Furthermore, corporate digital transformation and regional digital finance development have a positive moderating effect on this relationship. This study expands prior scholarship on the determinants of corporate ESG performance by investigating the impact of executive gender diversity. Moreover, it elucidates how female executive power influences corporate ESG performance. These findings provide empirical evidence and theoretical insights for firms seeking to enhance their ESG performance for sustainable development.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"21 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144910583","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}

引用次数: 0

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-08-27 DOI: 10.1002/bse.70170

Valerio Brescia, Ginevra Degregori, Federico Chmet, Silvana Secinaro

{"title":"Climate‐Related Disclosure in European Banking: Stakeholder Capitalism Between Sustainability and Financial Imperatives","authors":"Valerio Brescia, Ginevra Degregori, Federico Chmet, Silvana Secinaro","doi":"10.1002/bse.70170","DOIUrl":"https://doi.org/10.1002/bse.70170","url":null,"abstract":"This study examines how the largest European banks are integrating climate change considerations into their nonfinancial disclosures, focusing on the interplay between sustainability strategies and stakeholder‐oriented practices. The sample includes the 30 top‐ranking European banks by total assets and is subject to CSRD reporting obligations. Adopting a content analysis of nonfinancial reports published in 2024 by the European banks included in the sample, the research highlights advances in climate‐related disclosure, particularly regarding climate risk management, transition strategies, and stakeholder engagement initiatives. The findings reveal substantial alignment with global frameworks such as GRI, ESRS, and TCFD, but also identify persistent gaps in areas like unidentified risks, climate‐induced migration, land degradation and desertification, tourism, and infrastructure. While stakeholder‐oriented governance is gaining traction, the findings indicate that the traditional tension between shareholder value and broader stakeholder interests is being attenuated as banks increasingly align their climate strategies and disclosures with both financial imperatives and societal expectations. The study also underscores the role of regulatory frameworks and best practices in driving transparency and comparability, emphasizing the significant contribution of banks in climate resilience and sustainable finance.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"51 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2025-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144910581","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}

引用次数: 0

Accounting Values and Corporate Environmental Disclosures: Some International Evidence 会计价值与企业环境披露：一些国际证据

IF 13.4 1区管理学

Business Strategy and The Environment Pub Date : 2025-08-27 DOI: 10.1002/bse.70131

Tesfaye T. Lemma, Mohammad Tavakolifar, Lan Anh Nguyen

引用次数: 0