Leviticus Mensah, Richard Arhinful, Hayford Asare Obeng, Bright Akwasi Gyamfi
Environmental fines function as regulatory instruments that compel firms to adopt innovative approaches to environmental protection. This fosters more efficient industrial processes, strengthens sustainability practices, and stimulates competition as regulatory frameworks evolve. Whereas some corporations perceive such fines merely as punitive measures, others regard them as catalysts for innovation. However, the relationship between environmental fines and innovation, as well as the moderating roles of financial slack, firm size, and board environmental expertise, remains underexplored in the literature. This study addresses these gaps by drawing on Porter's hypothesis and focusing on nonfinancial entities listed on the Frankfurt Stock Exchange. Using purposive sampling, data were collected from 347 firms covering the period 2008–2024 through the Bloomberg database. To address cross‐sectional dependence, slope heterogeneity, and endogeneity, the study employed advanced estimation techniques, including the two‐step generalized method of moments, fixed effects with Driscoll–Kraay standard errors, and the Common Correlated Effects Mean Group estimator. The results indicate a significant positive relationship between environmental fines and environmental innovation. Furthermore, financial slack, firm size, and board environmental expertise were found to significantly and positively moderate this relationship. These findings offer important insights for corporations, highlighting that compliance with environmental fines can stimulate innovation, strengthen sustainability initiatives, optimize operational efficiency, and create long‐term value.
{"title":"Punishment or Catalyst? The Role of Environmental Fines in Driving Corporate Environmental Innovation in the Frankfurt Stock Exchange. The Moderating Role of Financial Slack, Firm Size, and Board Environmental Expertise","authors":"Leviticus Mensah, Richard Arhinful, Hayford Asare Obeng, Bright Akwasi Gyamfi","doi":"10.1002/bse.70574","DOIUrl":"https://doi.org/10.1002/bse.70574","url":null,"abstract":"Environmental fines function as regulatory instruments that compel firms to adopt innovative approaches to environmental protection. This fosters more efficient industrial processes, strengthens sustainability practices, and stimulates competition as regulatory frameworks evolve. Whereas some corporations perceive such fines merely as punitive measures, others regard them as catalysts for innovation. However, the relationship between environmental fines and innovation, as well as the moderating roles of financial slack, firm size, and board environmental expertise, remains underexplored in the literature. This study addresses these gaps by drawing on Porter's hypothesis and focusing on nonfinancial entities listed on the Frankfurt Stock Exchange. Using purposive sampling, data were collected from 347 firms covering the period 2008–2024 through the Bloomberg database. To address cross‐sectional dependence, slope heterogeneity, and endogeneity, the study employed advanced estimation techniques, including the two‐step generalized method of moments, fixed effects with Driscoll–Kraay standard errors, and the Common Correlated Effects Mean Group estimator. The results indicate a significant positive relationship between environmental fines and environmental innovation. Furthermore, financial slack, firm size, and board environmental expertise were found to significantly and positively moderate this relationship. These findings offer important insights for corporations, highlighting that compliance with environmental fines can stimulate innovation, strengthen sustainability initiatives, optimize operational efficiency, and create long‐term value.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"9 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146129367","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}
In the Inner Niger Delta, socio-spatial transformations have profoundly reshaped relationships between communities and natural resources, intensifying tensions around access and management. In this context, local conventions (LCs) have emerged as essential instruments of social and environmental regulation in response to resource degradation, climate variability, competition over land, water, and pastures, and persistent insecurity. This study investigates the role of LCs in enhancing natural resource governance and peacebuilding. Using qualitative methods, the research involved 7 focus-group discussions and 11 interviews across three communes in the Mopti Region, Mali. The findings highlight how LCs, developed through a participatory and inclusive process anchored in Mali's decentralisation legal framework, facilitate dialogue among diverse stakeholders and establish negotiated rules for access to and use of natural resources, thereby reducing tensions over resource use and clarifying the rights and responsibilities of different user groups. Yet, challenges remain, such as dependence on external funding and insufficient local capacities. LCs emerge as vital tools for mitigating conflicts in natural resource management and promoting inclusive governance. Their sustainability depends on strengthening local ownership and capacities while integrating more equitable institutional frameworks to ensure their long-term effectiveness.
{"title":"From conflict to collaboration: how local natural resource management conventions foster peacebuilding between farmers and herders in central Mali","authors":"Baba Ba, Hippolyte Affognon, Fiona Flintan","doi":"10.1111/disa.70043","DOIUrl":"https://doi.org/10.1111/disa.70043","url":null,"abstract":"<p>In the Inner Niger Delta, socio-spatial transformations have profoundly reshaped relationships between communities and natural resources, intensifying tensions around access and management. In this context, local conventions (LCs) have emerged as essential instruments of social and environmental regulation in response to resource degradation, climate variability, competition over land, water, and pastures, and persistent insecurity. This study investigates the role of LCs in enhancing natural resource governance and peacebuilding. Using qualitative methods, the research involved 7 focus-group discussions and 11 interviews across three communes in the Mopti Region, Mali. The findings highlight how LCs, developed through a participatory and inclusive process anchored in Mali's decentralisation legal framework, facilitate dialogue among diverse stakeholders and establish negotiated rules for access to and use of natural resources, thereby reducing tensions over resource use and clarifying the rights and responsibilities of different user groups. Yet, challenges remain, such as dependence on external funding and insufficient local capacities. LCs emerge as vital tools for mitigating conflicts in natural resource management and promoting inclusive governance. Their sustainability depends on strengthening local ownership and capacities while integrating more equitable institutional frameworks to ensure their long-term effectiveness.</p>","PeriodicalId":48088,"journal":{"name":"Disasters","volume":"50 2","pages":""},"PeriodicalIF":2.6,"publicationDate":"2026-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/disa.70043","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146122841","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Despite its importance in theory and practice, little is known about whether, how, when, and for whom a collaborative governance strategy achieves socially equitable outcomes. Using a staggered difference-in-differences design and data from the Behavioral Risk Factor Surveillance System, we analyze how well Oregon counties that adopted collaborative governance bridge racial disparities in healthcare access compared to non-adopting counties. We find that collaborative governance is associated with reducing racial and ethnic disparities in financial barriers to visiting a doctor after 3 years of implementation and that such effects grow stronger over time. In addition, the estimated effect of collaborative governance on having a personal doctor is greatest for Hispanics. This article points to potential benefits of a collaborative governance strategy that designs and scales collaboration through a collaborative platform and collaborative governance regimes, sustains long-term efforts to meet health equity goals, and identifies and serves the most vulnerable populations.
{"title":"Collaboration as a Tool for Equity? Reducing Racial and Ethnic Disparities in Healthcare Access","authors":"Jiho Kim, Tina Nabatchi","doi":"10.1111/puar.70091","DOIUrl":"https://doi.org/10.1111/puar.70091","url":null,"abstract":"Despite its importance in theory and practice, little is known about whether, how, when, and for whom a collaborative governance strategy achieves socially equitable outcomes. Using a staggered difference-in-differences design and data from the Behavioral Risk Factor Surveillance System, we analyze how well Oregon counties that adopted collaborative governance bridge racial disparities in healthcare access compared to non-adopting counties. We find that collaborative governance is associated with reducing racial and ethnic disparities in financial barriers to visiting a doctor after 3 years of implementation and that such effects grow stronger over time. In addition, the estimated effect of collaborative governance on having a personal doctor is greatest for Hispanics. This article points to potential benefits of a collaborative governance strategy that designs and scales collaboration through a collaborative platform and collaborative governance regimes, sustains long-term efforts to meet health equity goals, and identifies and serves the most vulnerable populations.","PeriodicalId":48431,"journal":{"name":"Public Administration Review","volume":"6 1","pages":""},"PeriodicalIF":8.3,"publicationDate":"2026-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146135471","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 : 2026-02-06DOI: 10.1016/j.jhtm.2026.101409
{"title":"Review of Elephant Welfare in Global Tourism","authors":"","doi":"10.1016/j.jhtm.2026.101409","DOIUrl":"https://doi.org/10.1016/j.jhtm.2026.101409","url":null,"abstract":"","PeriodicalId":51445,"journal":{"name":"Journal of Hospitality and Tourism Management","volume":"17 1","pages":""},"PeriodicalIF":8.3,"publicationDate":"2026-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146134337","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}
This research examines the influence of environmental performance on organizational resilience during an exogenous shock. Drawing on the natural resource–based view, a sample of 3920 firms from 11 sectors and 19 countries is analyzed. This study employs OLS regressions and Cox proportional hazard models to test the effect of environmental performance on the severity of loss and time to recovery following an exogenous shock. The findings reveal that higher levels of environmental performance mitigate the severity of loss but prolong the time to recovery. These results provide important insights into how environmental performance shapes organizational resilience during exogenous shocks and highlight the need for further research to better understand the temporal dimension of its effects, specifically when and how environmental performance translates into resilience benefits.
{"title":"Organizational Resilience to Exogenous Shocks: The Role of Environmental Performance","authors":"Tim Schroll","doi":"10.1002/bse.70600","DOIUrl":"https://doi.org/10.1002/bse.70600","url":null,"abstract":"This research examines the influence of environmental performance on organizational resilience during an exogenous shock. Drawing on the natural resource–based view, a sample of 3920 firms from 11 sectors and 19 countries is analyzed. This study employs OLS regressions and Cox proportional hazard models to test the effect of environmental performance on the severity of loss and time to recovery following an exogenous shock. The findings reveal that higher levels of environmental performance mitigate the severity of loss but prolong the time to recovery. These results provide important insights into how environmental performance shapes organizational resilience during exogenous shocks and highlight the need for further research to better understand the temporal dimension of its effects, specifically when and how environmental performance translates into resilience benefits.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"28 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146122051","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}
Alva Marasigan, Muhammad Nurul Houqe, Warwick Stent, Olayinka Moses
We examine the drivers of sustainability reporting quality (QSR), conceptualised along two complementary dimensions, relevance and reliability, to assess how firm‐level attributes and institutional conditions jointly shape disclosure practices in the electricity sector. Using data from S&P Global Top 250, we find that stronger sustainability performance, the adoption of the Global Reporting Initiative framework, and the presence of institutional and foreign investors are positively associated with higher QSR. These underscore the importance of internal performance, established reporting frameworks, and market‐based mechanisms in enhancing the credibility and decision usefulness of sustainability reporting. In contrast, rule of law and carbon pricing policies exhibit negative associations with disclosure relevance, suggesting strategic opacity or compliance fatigue in more highly regulated environments. This study provides industry‐specific, cross‐national evidence from a critical yet underexplored sector. The findings offer timely insights for managers, regulators, investors and standard setters as mandatory sustainability reporting under IFRS S1 and S2 is implemented across jurisdictions.
{"title":"Powering Transparency: Global Drivers of Sustainability Reporting in the Electricity Sector","authors":"Alva Marasigan, Muhammad Nurul Houqe, Warwick Stent, Olayinka Moses","doi":"10.1002/bse.70606","DOIUrl":"https://doi.org/10.1002/bse.70606","url":null,"abstract":"We examine the drivers of sustainability reporting quality (QSR), conceptualised along two complementary dimensions, relevance and reliability, to assess how firm‐level attributes and institutional conditions jointly shape disclosure practices in the electricity sector. Using data from S&P Global Top 250, we find that stronger sustainability performance, the adoption of the Global Reporting Initiative framework, and the presence of institutional and foreign investors are positively associated with higher QSR. These underscore the importance of internal performance, established reporting frameworks, and market‐based mechanisms in enhancing the credibility and decision usefulness of sustainability reporting. In contrast, rule of law and carbon pricing policies exhibit negative associations with disclosure relevance, suggesting strategic opacity or compliance fatigue in more highly regulated environments. This study provides industry‐specific, cross‐national evidence from a critical yet underexplored sector. The findings offer timely insights for managers, regulators, investors and standard setters as mandatory sustainability reporting under IFRS S1 and S2 is implemented across jurisdictions.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"87 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146122055","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 : 2026-02-05DOI: 10.1016/j.jbusvent.2026.106581
Timothy L. Michaelis, April J. Spivack, Nicholas A. Smith, Jeffrey M. Pollack, Jon C. Carr, Alexander McKelvie
{"title":"I'll prove you wrong! The underdog effect as an antecedent to entrepreneurial action and venture persistence","authors":"Timothy L. Michaelis, April J. Spivack, Nicholas A. Smith, Jeffrey M. Pollack, Jon C. Carr, Alexander McKelvie","doi":"10.1016/j.jbusvent.2026.106581","DOIUrl":"https://doi.org/10.1016/j.jbusvent.2026.106581","url":null,"abstract":"","PeriodicalId":51348,"journal":{"name":"Journal of Business Venturing","volume":"2017 1","pages":""},"PeriodicalIF":8.7,"publicationDate":"2026-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146134333","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 : 2026-02-05DOI: 10.1016/j.ejor.2026.01.047
Laura Delaney, Jacco J.J. Thijssen
{"title":"An Alternative Perspective on the Classical Solution to an Optimal Stopping Problem with a Spectrally Negative L'{e}vy Process","authors":"Laura Delaney, Jacco J.J. Thijssen","doi":"10.1016/j.ejor.2026.01.047","DOIUrl":"https://doi.org/10.1016/j.ejor.2026.01.047","url":null,"abstract":"","PeriodicalId":55161,"journal":{"name":"European Journal of Operational Research","volume":"13 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146134708","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}
Wei Wu, Rsha Alghafes, Nidhi Sahore, Enrico Battisti, Xin Liu
Carbon accounting is the monitoring and recording of greenhouse gas (GHG) emissions to mitigate and manage carbon emissions. There are numerous singular studies on carbon accounting across geographies and industries. However, there is a need for a comprehensive study discussing carbon accounting enablers, barriers, policy, and reporting landscape and strategies. This study applies a mixed‐method approach to present insights into its enablers, barriers, policy, and reporting landscape and strategies with the help of two integrated studies in this paper. Study A systematically reviews the contemporary literature to identify the thematic focus of carbon accounting literature. The systematic literature review (SLR) conducted on a sample of 53 shortlisted studies comprehends carbon accounting enablers, barriers, policies, and reporting aspects, along with presenting the carbon accounting strategies to reduce and mitigate carbon emissions. The Study B incorporates an empirical analysis of the qualitative responses gathered through essay‐based questions designed to list potential carbon accounting strategies articulated by industry experts. This study offers theoretical, practical, and policy implications for all the stakeholders: firm‐level managers; city, regional, or national level officers; accounting professionals; investors; sustainable finance providers; and carbon policymakers.
{"title":"The Nitty Gritty of Carbon Accounting: Enablers, Barriers, Reporting, and Strategies","authors":"Wei Wu, Rsha Alghafes, Nidhi Sahore, Enrico Battisti, Xin Liu","doi":"10.1002/bse.70490","DOIUrl":"https://doi.org/10.1002/bse.70490","url":null,"abstract":"Carbon accounting is the monitoring and recording of greenhouse gas (GHG) emissions to mitigate and manage carbon emissions. There are numerous singular studies on carbon accounting across geographies and industries. However, there is a need for a comprehensive study discussing carbon accounting enablers, barriers, policy, and reporting landscape and strategies. This study applies a mixed‐method approach to present insights into its enablers, barriers, policy, and reporting landscape and strategies with the help of two integrated studies in this paper. Study A systematically reviews the contemporary literature to identify the thematic focus of carbon accounting literature. The systematic literature review (SLR) conducted on a sample of 53 shortlisted studies comprehends carbon accounting enablers, barriers, policies, and reporting aspects, along with presenting the carbon accounting strategies to reduce and mitigate carbon emissions. The Study B incorporates an empirical analysis of the qualitative responses gathered through essay‐based questions designed to list potential carbon accounting strategies articulated by industry experts. This study offers theoretical, practical, and policy implications for all the stakeholders: firm‐level managers; city, regional, or national level officers; accounting professionals; investors; sustainable finance providers; and carbon policymakers.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"241 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146122052","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 : 2026-02-05DOI: 10.1016/j.ibusrev.2026.102560
Eunsuk Hong , Jae Chul Jung , In Hyeock (Ian) Lee , Shige Makino
Using a sample of 11,086 subsidiary-year cases from Japanese MNEs between 2002 and 2013, this study examines the heterogeneous impacts of social versus environmental commitment practices on employment levels at MNEs’ overseas subsidiaries from a signaling perspective, which are proposed to be contingent on the firms’ outbound foreign direct investment (FDI) motivations and geographic scopes. The empirical findings from the study are threefold: (1) both social and environmental commitment practices of MNEs positively relate to subsidiary employment in host countries, with the former’s effect stronger than the latter’s; (2) the positive impacts of social commitment practices on subsidiary employment are more pronounced for MNEs pursuing downstream market-seeking motivations with their outbound FDI projects and for those operating within their home region; however, (3) the positive impacts of environmental commitment practices on subsidiary employment are not significantly affected by MNEs’ outbound FDI motivations or geographic scopes. The study concludes with theoretical, empirical, and managerial implications for MNEs in the international business (IB) literature.
{"title":"Multinational enterprises (MNEs), heterogeneity in corporate social responsibility (CSR), and subsidiary employment in host countries: A signaling perspective","authors":"Eunsuk Hong , Jae Chul Jung , In Hyeock (Ian) Lee , Shige Makino","doi":"10.1016/j.ibusrev.2026.102560","DOIUrl":"10.1016/j.ibusrev.2026.102560","url":null,"abstract":"<div><div>Using a sample of 11,086 subsidiary-year cases from Japanese MNEs between 2002 and 2013, this study examines the heterogeneous impacts of social versus environmental commitment practices on employment levels at MNEs’ overseas subsidiaries from a signaling perspective, which are proposed to be contingent on the firms’ outbound foreign direct investment (FDI) motivations and geographic scopes. The empirical findings from the study are threefold: (1) both social and environmental commitment practices of MNEs positively relate to subsidiary employment in host countries, with the former’s effect stronger than the latter’s; (2) the positive impacts of social commitment practices on subsidiary employment are more pronounced for MNEs pursuing downstream market-seeking motivations with their outbound FDI projects and for those operating within their home region; however, (3) the positive impacts of environmental commitment practices on subsidiary employment are not significantly affected by MNEs’ outbound FDI motivations or geographic scopes. The study concludes with theoretical, empirical, and managerial implications for MNEs in the international business (IB) literature.</div></div>","PeriodicalId":51352,"journal":{"name":"International Business Review","volume":"35 3","pages":"Article 102560"},"PeriodicalIF":6.1,"publicationDate":"2026-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146122564","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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