Pub Date : 2026-02-08DOI: 10.1080/14719037.2025.2609173
Nicola Mountford, Yuzhuo Cai
{"title":"Institutional logic relationships and sustainable change in healthcare: a systematic review of the literature","authors":"Nicola Mountford, Yuzhuo Cai","doi":"10.1080/14719037.2025.2609173","DOIUrl":"https://doi.org/10.1080/14719037.2025.2609173","url":null,"abstract":"","PeriodicalId":20785,"journal":{"name":"Public Management Review","volume":"94 1","pages":""},"PeriodicalIF":4.9,"publicationDate":"2026-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146138269","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study investigates the financial consequences of greenwashing, operationalized as the misalignment between ESG disclosure and actual ESG performance. While prior research has explored the reputational and ethical dimensions of greenwashing, its impact on firms' cost of debt remains underexamined. Drawing on a panel of 411 S&P 500 companies over a 10‐year period (2014–2023), we construct two firm‐level indicators of greenwashing, grESG and gr2ESG, based on z‐scores and percentile ranks, respectively. These measures capture the credibility gap between what firms communicate and what they deliver in terms of sustainability. Using random effects within‐between (REWB) models, we decompose structural (between‐firm) and temporal (within‐firm) effects to assess how ESG inconsistency influences debt pricing. Our findings reveal that the between‐firm component of greenwashing is positively and significantly associated with the after‐tax cost of debt, suggesting that financial markets interpret ESG misalignment as a persistent reputational trait rather than a short‐term deviation. The results are robust across alternative specifications, including models that account for ESG‐related controversies. The study contributes to the literature by demonstrating that ESG credibility is a priced financial attribute and that symbolic sustainability efforts, defined as disclosure‐oriented or reputational gestures without substantive operational changes, may backfire in terms of financing costs.
{"title":"Green Talk, Costly Walk: The Financial Cost of Greenwashing","authors":"S. Taddeo, A. Regoli, O. Weber, R. Carè","doi":"10.1002/bse.70595","DOIUrl":"https://doi.org/10.1002/bse.70595","url":null,"abstract":"This study investigates the financial consequences of greenwashing, operationalized as the misalignment between ESG disclosure and actual ESG performance. While prior research has explored the reputational and ethical dimensions of greenwashing, its impact on firms' cost of debt remains underexamined. Drawing on a panel of 411 S&P 500 companies over a 10‐year period (2014–2023), we construct two firm‐level indicators of greenwashing, grESG and gr2ESG, based on z‐scores and percentile ranks, respectively. These measures capture the credibility gap between what firms communicate and what they deliver in terms of sustainability. Using random effects within‐between (REWB) models, we decompose structural (between‐firm) and temporal (within‐firm) effects to assess how ESG inconsistency influences debt pricing. Our findings reveal that the between‐firm component of greenwashing is positively and significantly associated with the after‐tax cost of debt, suggesting that financial markets interpret ESG misalignment as a persistent reputational trait rather than a short‐term deviation. The results are robust across alternative specifications, including models that account for ESG‐related controversies. The study contributes to the literature by demonstrating that ESG credibility is a priced financial attribute and that symbolic sustainability efforts, defined as disclosure‐oriented or reputational gestures without substantive operational changes, may backfire in terms of financing costs.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"13 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146138643","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}
Pub Date : 2026-02-08DOI: 10.1177/01492063251397362
Jun Xu, Jerayr (John) Haleblian, Guoli Chen, Jamie Yixing Tong
Overconfident CEOs are frequently criticized for making value-destroying corporate acquisitions in which they acquire excessively and overpay for their acquisitions. By contrast, we argue that overconfident CEOs can deliver higher returns in acquisition waves because the motivation and the requirement for action speed that occur in acquisition waves are different from other acquisition contexts. Specifically, we hypothesize and find that overconfident CEOs are more likely to capture preemption opportunities by acting earlier in acquisition waves, and such rapid moves enable overconfident CEOs to achieve higher acquisition returns. In addition, drawing upon organizational learning research, we hypothesize and find that in acquisition waves, pre-wave experience with large and related acquisitions facilitates overconfident CEOs to pursue acquisitions even more quickly during acquisition waves, which further enhances acquisition returns. Contributions to the acquisitions and CEO overconfidence literatures are discussed.
{"title":"When Overconfident CEOs Deliver Higher Returns: Evidence From Acquisition Waves","authors":"Jun Xu, Jerayr (John) Haleblian, Guoli Chen, Jamie Yixing Tong","doi":"10.1177/01492063251397362","DOIUrl":"https://doi.org/10.1177/01492063251397362","url":null,"abstract":"Overconfident CEOs are frequently criticized for making value-destroying corporate acquisitions in which they acquire excessively and overpay for their acquisitions. By contrast, we argue that overconfident CEOs can deliver higher returns in acquisition waves because the motivation and the requirement for action speed that occur in acquisition waves are different from other acquisition contexts. Specifically, we hypothesize and find that overconfident CEOs are more likely to capture preemption opportunities by acting earlier in acquisition waves, and such rapid moves enable overconfident CEOs to achieve higher acquisition returns. In addition, drawing upon organizational learning research, we hypothesize and find that in acquisition waves, pre-wave experience with large and related acquisitions facilitates overconfident CEOs to pursue acquisitions even more quickly during acquisition waves, which further enhances acquisition returns. Contributions to the acquisitions and CEO overconfidence literatures are discussed.","PeriodicalId":54212,"journal":{"name":"Journal of Management","volume":"182 1","pages":""},"PeriodicalIF":13.5,"publicationDate":"2026-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146138268","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}
With the increasing demand for high‐quality agricultural products, the agricultural cold‐chain logistics packaging (ACLP) industry faces significant environmental pressure and circular economy issues. This study analyzes the critical success factors (CSFs) that would enhance ACLP circular economy performance (CEP). The adversarial interpretive structure model uncovers CSF interdependence and driving forces, whereas the fuzzy analytic hierarchy process quantifies their weights. This comprehensive analysis suggests that waste management regulations are the most motivating CSFs among all strategies. The research results also underscore the critical importance of factors such as recyclable material input, government circular economy incentives, and eco‐design. Consequently, this study lays a theoretical framework for formulating systematic development strategies for ACLP organizations while promoting the sustainable advancement of CEP. These findings provide researchers with an integrated theoretical and methodological framework and offer policymakers and logistics managers a prioritized action plan.
{"title":"Critical Success Factors for Enhancing the Circular Economy Performance of Last‐Mile Cold Chain Logistics Packaging for Urban Agricultural Products","authors":"Miao Su, Chunyu Liu, Shucheng Duan, Taewoo Roh","doi":"10.1002/bse.70613","DOIUrl":"https://doi.org/10.1002/bse.70613","url":null,"abstract":"With the increasing demand for high‐quality agricultural products, the agricultural cold‐chain logistics packaging (ACLP) industry faces significant environmental pressure and circular economy issues. This study analyzes the critical success factors (CSFs) that would enhance ACLP circular economy performance (CEP). The adversarial interpretive structure model uncovers CSF interdependence and driving forces, whereas the fuzzy analytic hierarchy process quantifies their weights. This comprehensive analysis suggests that waste management regulations are the most motivating CSFs among all strategies. The research results also underscore the critical importance of factors such as recyclable material input, government circular economy incentives, and eco‐design. Consequently, this study lays a theoretical framework for formulating systematic development strategies for ACLP organizations while promoting the sustainable advancement of CEP. These findings provide researchers with an integrated theoretical and methodological framework and offer policymakers and logistics managers a prioritized action plan.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"1 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146138614","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}
Pub Date : 2026-02-08DOI: 10.1016/j.ejor.2026.02.004
Changhua Liao, Qihui Lu, Victor Shi, Yuxuan Liu
{"title":"Collaboration strategies for technology investment in agricultural supply chains: The value of platform financing","authors":"Changhua Liao, Qihui Lu, Victor Shi, Yuxuan Liu","doi":"10.1016/j.ejor.2026.02.004","DOIUrl":"https://doi.org/10.1016/j.ejor.2026.02.004","url":null,"abstract":"","PeriodicalId":55161,"journal":{"name":"European Journal of Operational Research","volume":"4 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146138539","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Christian Schachtner, Nadine Baumann, Marek Jabłoński, Adam Jabłoński, Mariusz Bednarek, Sławomir Luściński, Piotr Bilski
The concept of predictive maintenance in advanced manufacturing systems is crucial from the point of view of resource efficiency in the era of high competitiveness forced by energy transformation in the digital economy. Against the backdrop of sustainability and the opportunities a data cooperative offers, the combination of predictive maintenance, sustainable data use and data cooperatives could not only enable the private sector, but also the public sector to harmonise innovation, efficiency and sustainability to reach globally significant political goals such as the UN's 17 Sustainable Development Goals with the help of technology. The aim is to create social added value when understanding data as a resource, sharing it and using it specifically for sustainable change. In the subject literature and among application solutions, one can identify numerous forms of a taxonomy of various variables describing explained and explanatory variables. Aimed at improving the efficiency of production processes, taxonomy is of fundamental importance. It mainly affects the effectiveness of event prediction used to identification components based on taxonomy description which have influence for monitor the efficiency of production systems. The article provides a review of the literature on the predictive maintenance of production systems categorisation. The cognitive gap in the presented results identifies main thematic areas of predictive maintenance. The study was conducted on 54 articles from the Scopus database and 37 articles from the Web of Science database. Within the applied methodology the Prisma model was used.
从数字经济能源转型所带来的高竞争力时代的资源效率角度来看，先进制造系统的预测性维护概念至关重要。在可持续性和数据合作社提供的机遇的背景下，预测性维护、可持续数据使用和数据合作社的结合不仅可以使私营部门，也可以使公共部门协调创新、效率和可持续性，从而在技术的帮助下实现联合国17项可持续发展目标等全球重大政治目标。其目的是在将数据理解为一种资源、共享数据并将其专门用于可持续变革时，创造社会附加价值。在主题文献和应用解决方案中，可以识别描述被解释变量和解释变量的各种变量分类法的许多形式。为了提高生产过程的效率，分类学是至关重要的。它主要影响事件预测的有效性，而事件预测用于基于分类描述的组件识别，对生产系统的监控效率有影响。本文对生产系统分类预测性维护方面的文献进行了综述。提出的结果中的认知差距确定了预测性维护的主要主题领域。该研究对Scopus数据库中的54篇文章和Web of Science数据库中的37篇文章进行了研究。在应用方法中，使用了Prisma模型。
{"title":"A Taxonomy of Predictive Maintenance as a Basis for Supra‐Regional Sustainability Monitoring—Literature Review","authors":"Christian Schachtner, Nadine Baumann, Marek Jabłoński, Adam Jabłoński, Mariusz Bednarek, Sławomir Luściński, Piotr Bilski","doi":"10.1002/bse.70599","DOIUrl":"https://doi.org/10.1002/bse.70599","url":null,"abstract":"The concept of predictive maintenance in advanced manufacturing systems is crucial from the point of view of resource efficiency in the era of high competitiveness forced by energy transformation in the digital economy. Against the backdrop of sustainability and the opportunities a data cooperative offers, the combination of predictive maintenance, sustainable data use and data cooperatives could not only enable the private sector, but also the public sector to harmonise innovation, efficiency and sustainability to reach globally significant political goals such as the UN's 17 Sustainable Development Goals with the help of technology. The aim is to create social added value when understanding data as a resource, sharing it and using it specifically for sustainable change. In the subject literature and among application solutions, one can identify numerous forms of a taxonomy of various variables describing explained and explanatory variables. Aimed at improving the efficiency of production processes, taxonomy is of fundamental importance. It mainly affects the effectiveness of event prediction used to identification components based on taxonomy description which have influence for monitor the efficiency of production systems. The article provides a review of the literature on the predictive maintenance of production systems categorisation. The cognitive gap in the presented results identifies main thematic areas of predictive maintenance. The study was conducted on 54 articles from the Scopus database and 37 articles from the Web of Science database. Within the applied methodology the Prisma model was used.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"9 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146138613","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}
Eric Sie Forenten, Philip Opoku Mensah, Jing Yi Yong, Henry Kofi Mensah
Environmental sustainability has gained more scholarly attention because of the dangers of business and human activities to the natural environment. To mitigate the environmental problems, scholars have advocated for the deliberate development of the green intellectual capital of firms. Drawing on the natural resource‐based view (NRBV) theory, the study examined the impact of green intellectual capital (GIC) on environmental performance (ENVP) mediated by green creativity (GC), moderated by green transformational leadership (GTL) and environmental regulations (ENREGs). A survey of 264 managers and owners in Ghana's transport and logistics sector was analysed using PROCESS macro. The findings demonstrated that GC mediates the relationship between GIC and ENVP. Furthermore, the effect of GIC on ENVP via GC depends on GTL and ENREG. These findings advance theoretical understanding of GIC mechanisms and provide practical guidance for environmentally responsible leadership in emerging economies.
{"title":"Green Minds, Green Outcomes: Green Intellectual Capital Drives Environmental Performance via Creativity, Moderated by Leadership and Regulations in Ghana","authors":"Eric Sie Forenten, Philip Opoku Mensah, Jing Yi Yong, Henry Kofi Mensah","doi":"10.1002/bse.70605","DOIUrl":"https://doi.org/10.1002/bse.70605","url":null,"abstract":"Environmental sustainability has gained more scholarly attention because of the dangers of business and human activities to the natural environment. To mitigate the environmental problems, scholars have advocated for the deliberate development of the green intellectual capital of firms. Drawing on the natural resource‐based view (NRBV) theory, the study examined the impact of green intellectual capital (GIC) on environmental performance (ENVP) mediated by green creativity (GC), moderated by green transformational leadership (GTL) and environmental regulations (ENREGs). A survey of 264 managers and owners in Ghana's transport and logistics sector was analysed using PROCESS macro. The findings demonstrated that GC mediates the relationship between GIC and ENVP. Furthermore, the effect of GIC on ENVP via GC depends on GTL and ENREG. These findings advance theoretical understanding of GIC mechanisms and provide practical guidance for environmentally responsible leadership in emerging economies.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"30 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146146022","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}
Pub Date : 2026-02-07DOI: 10.1016/j.ejor.2026.01.053
Ewa M. Bednarczuk, Monika Syga, The Hung Tran
{"title":"Primal-dual algorithm for weakly convex functions under sharpness conditions","authors":"Ewa M. Bednarczuk, Monika Syga, The Hung Tran","doi":"10.1016/j.ejor.2026.01.053","DOIUrl":"https://doi.org/10.1016/j.ejor.2026.01.053","url":null,"abstract":"","PeriodicalId":55161,"journal":{"name":"European Journal of Operational Research","volume":"9 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146139031","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2026-02-07DOI: 10.1016/j.ijhm.2026.104599
Sreejith R., Sinimole K.R., Siva Shankar S., Bhuvan Unhelkar
{"title":"Bridging hospitality and healthcare: A data-driven approach to leveraging service excellence for improved patient satisfaction","authors":"Sreejith R., Sinimole K.R., Siva Shankar S., Bhuvan Unhelkar","doi":"10.1016/j.ijhm.2026.104599","DOIUrl":"https://doi.org/10.1016/j.ijhm.2026.104599","url":null,"abstract":"","PeriodicalId":48444,"journal":{"name":"International Journal of Hospitality Management","volume":"161 1","pages":""},"PeriodicalIF":11.7,"publicationDate":"2026-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146135463","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}
Pub Date : 2026-02-07DOI: 10.1016/j.ijhm.2026.104597
Bin Li, Xi Y. Leung, Yingxin Huo, Liyu Yang
{"title":"From humans to objects: The impact of service robots on employees’ objectification of others in the hospitality workplace","authors":"Bin Li, Xi Y. Leung, Yingxin Huo, Liyu Yang","doi":"10.1016/j.ijhm.2026.104597","DOIUrl":"https://doi.org/10.1016/j.ijhm.2026.104597","url":null,"abstract":"","PeriodicalId":48444,"journal":{"name":"International Journal of Hospitality Management","volume":"11 1","pages":""},"PeriodicalIF":11.7,"publicationDate":"2026-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146134336","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}
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