Business Strategy and Development最新文献

The fast-moving consumer goods (FMCG) sector plays a crucial role in shaping consumer behaviour and supporting the sustainable development goals (SDGs), particularly in emerging markets like Ho Chi Minh City (HCMC), Vietnam. This study investigates the impact of green marketing activities such as green brand positioning (GBP), green product innovation (GPI), green distribution (GRD), green pricing (GRP) and green advertising (GRA) on consumer purchase intentions for green products in the FMCG sector. It also explores the moderating role of competitive intensity (COI) in these relationships. Data were collected from 340 consumers in HCMC, with 291 valid responses analysed using SmartPLS. The findings reveal a positive relationship between green marketing strategies and consumer purchase intentions. COI was not found to moderate the effects of GBP, GRA on consumer's purchase intentions for green products in HCMC. These insights highlight the importance of green marketing in promoting sustainable consumer behaviour, suggesting that FMCG companies in HCMC can enhance environmental sustainability by offering eco-friendly products and aligning their marketing strategies with SDG 12 (Responsible Consumption and Production) and SDG 13 (Climate Action). This study contributes to the academic literature by addressing gaps in our understanding the interplay between green marketing and COI in emerging markets.

The aim of this study is to investigate the association between sustainability performance (which is proxied by ESG score) and a firm's financial resilience in crisis conditions. This study is triggered in response to the COVID-19 pandemic as a global crisis setting. By focusing on five ASEAN countries, namely Indonesia, Malaysia, Singapore, Thailand, and the Philippines, this study argues that companies with higher ESG performance will be more financially resilient during a crisis. This study uses several measurements of the company's financial resilience, both measures that utilize share prices and financial ratios from financial statements. The results show that ESG performance is negatively associated with financial resilience. ESG performance is considered less valuable during a crisis because ESG activities consume the company's financial resources. It implies that survival is more important than sustainability during times of crisis. ESG performance is considered to consume a company's financial resources in times of crisis.

The circular ecosystem (CE) concept is gaining traction among scholars and practitioners. Nonetheless, the understanding or conceptualisation of the concept is patchy, and this has the propensity to significantly affect the acceptance and assimilation of the concept into the fabric of the industrial community. This study aims to establish a transparent comprehension of the circular ecosystem concept. To this end, this study obtained 55 circular ecosystem samples of definitions, which were coded using 44 dimensions. This study illustrated that CE is mainly described as a shift from the circularity in single firms to circularity within a community of firms, achieved by networking, collaborations, configuration, platformisation, integration and symbiotic cooperation among diverse players in the business ecosystem. This study proposed a unique and comprehensive CE definition that captures the CE enablers, aims, core principles and beneficiaries. As far as the researcher is concerned, this is the first attempt to provide an extensive CE conceptualization using an empirical methodology. This will offer scholars a broader definition of CE. This current study also established that the CE is enabled by complementarity, defining roles, nurturing, governance, business models, actors, coordination, integration, biomimicry and sharing. This study also proposed a framework the captures the various CE aims, enablers, principles and beneficiaries into a single model. Finally, this study makes the CE concept more coherent and provides directions for future studies.

The presence of a specific role, such as a sustainability committee, is crucial for enhancing environmental and social performance and increasing market value. This study aims to examine the direct relationship between sustainability committee to environmental and social performance, as well as between environmental and social performance and firm value to provide additional evidence among mixed findings from previous result. The moderating relationship of the sustainability committee given the significant outcomes in the direct relationship between environmental and social performance and firm value. Using 11 years data in Indonesia, the sustainability committee has positive significant to environmental and social performance. Social performance has positive significant to firm value while environmental does not. Additionally, sustainability committee strengthens the relationship between environmental performance and firm value while social performance is not. These findings portray the importance of sustainability committee to both leverage the environmental and social performance, as well as firm value. The Difference-in-Difference (DiD) analysis reveals that, following POJK No. 51/2017, sustainability committee significantly impacts environmental and social performance and firm value, though with negative way. This distinction result provides additional insight since in short-term the sustainability role still perceived in negative ways. This study contributes to the literature by presence of the role sustainability committee, which no previous studies documented in developing country and difference governance mechanisms such as Indonesia. The limitation of data sustainability committee recommends the future study should consider the role sustainability responsibilities in other committees, identify the characteristics and performance of sustainability committee.

This study aims to analyze the effect of directors' and board of commissioners' remuneration on earnings management using the remuneration committee as a moderating variable. Using a sample of Indonesian non-financial companies from 2014 to 2023 and using multiple regression analysis and moderated regression analysis, we found that directors' remuneration has a positive effect, while the board of commissioners' remuneration has a negative effect on earnings management. The remuneration committee negatively moderates the effect of directors' remuneration and positively moderates the effect of the board of commissioners' remuneration on earnings management. These results also remain consistent when using alternative measurements and the endogeneity test. We found many companies do not yet have a remuneration committee, so corporate governance can still be improved. This study has practical and theoretical contributions to increasing knowledge about agency theory, earnings management, and factors that can align the interests of directors, boards of commissioners, and shareholders so that the company's sustainable development can continue to be improved.

Women entrepreneurs play a crucial role in the economic development of nations, particularly in developing countries where their contribution becomes even more significant. This underscores the importance of women-owned small and medium enterprises (SMEs) and their achievements as entrepreneurs. Consequently, this study aims to expand the entrepreneurship literature by investigating the impact of factors such as personality traits (PT), motivation and commitment (MC), the availability of financial resources (AFR), and economic factors (EC) on the entrepreneurial success (ES) of women-led SMEs. Data was collected from 255 women-owned SMEs using a stratified sampling technique, and a multi-SEM approach was applied to analyze the data. The results from structural equation modeling (SEM) revealed that PT, MC, AFR, and EC directly influence ES. Notably, PT and EC emerged as the most significant factors associated with ES. These findings can serve as valuable guidance for business practitioners and policymakers when formulating strategies to promote and support women entrepreneurs, who, in turn, can contribute significantly to sustainable economic growth in their respective countries.

Global sustainability challenges demand innovative leadership approaches, particularly in resource-constrained environments where traditional models may fall short. The current study aimed to explore the need for adaptive, resource-efficient leadership by examining key traits such as empathy, inclusivity, adaptability, and intuitive decision-making that allows managers to balance immediate organizational demands with long-term sustainability goals. A Qualitative-Interpretative Phenomenological Approach was adopted. A total of 28 senior Indian managers were interviewed to understand traits aligned with stakeholder theory and the resource-based view, positioning them as strategic assets for achieving sustainable competitive advantage. Findings revealed that culturally resonant practices of frugality and resilience support social innovation and organizational resilience, contributing to broader sustainable development objectives. Further, it advances sustainable leadership literature by showcasing how resource efficiency and contextual adaptability can foster impactful, sustainable practices, particularly within emerging economies.

Industrial enterprises are pivotal in the socio-economic landscape, yet navigating the economic and non-economic facets of modern organizational performance presents a considerable challenge. This article embarks on a systematic literature review to probe the question: Does ISO 9001 certification play a role in mitigating the complexities of organizational performance in industrial enterprises? To address this objective, we adopted the systematic literature review protocol delineated by Petticrew and Roberts (2006). A comprehensive analysis encompassed 94 primary studies spanning 60 contexts, conducted over the period from 2000 to 2023. The findings indicate that the efficacy of ISO 9001 certification is contingent upon the extent of its direct and indirect influence on the various dimensions of organizational performance. Furthermore, the motivations for embracing this international standard, coupled with the organizational perception of the QMS, are pivotal factors. Based on these insights, we have proposed a theoretical model and formulated recommendations aimed at refining the scope and impact of future research endeavors.