Business Strategy and Development最新文献

This study examines the impact of climate risk (CLR) on the financial performance (FP) of listed firms, listed banking and insurance (BKN) firms, as well as manufacturing firms in Ghana, amid crisis periods. Using a dataset of 16 listed firms in Ghana, comprising 7 BKN firms and 9 manufacturing firms, from 2010 to 2019, the study employed the robust ordinary least squares regression to address heteroscedasticity and autocorrelation and conducted robustness tests to validate its findings. The study found that amid the banking crisis, CLR positively impacts the return on equity (ROE) and earnings per share (EPS) of BKN Ghanaian listed firms. It also positively impacts the ROE of Ghanaian-listed manufacturing firms, but it has no significant impact on their EPS. In general, CLR positively impacts Ghanaian listed firms' ROE, but does not affect their EPS. Furthermore, the Paris Agreement did not have an impact on these relationships. CLR having a mixed impact on Ghanaian listed firms' FP emphasizes the need for them to strengthen the integration of CLR mitigation in their decision-making and financial risk assessments and the need for support in addressing the challenges in the implementation of the Paris Agreement. This study pioneers an investigation into the impact of CLR on the FP of Ghanaian listed firms, comparing banking/insurance and manufacturing firms, amidst the banking crisis. It also explores the PAG's implications from a Ghanaian perspective.

The objective of this study is to thoroughly investigate the impact of entrepreneurial leadership on the sustainable performance of large manufacturing companies in Ethiopia. The study investigated the impact of entrepreneurial leadership on the sustainable performance of large manufacturing companies using leader innovation behavior as a mediating role. Survey data were collected using five-point Likert scale questionnaires, and a simple random sampling technique was deployed to determine a sample size of 286 large manufacturing companies from 1000 large manufacturing companies in the selected areas. A total of 572 samples were drawn (two respondents from each manufacturing company). However, only 501 (87.58%) of the 572 distributed questionnaires were filled and used for the data analysis using partial least squares structural equation modeling (PLS-SEM) to predict the outcome. The study used SmartPLS4 4.1.0.9 software to analyze higher-order formative constructs and reflective constructs using a cross-sectional research design. The result of this study shows that entrepreneurial leadership practices have positive and significant correlations with sustainable performance outcomes such as economic, social, and environmental aspects of large manufacturing companies. Furthermore, the mediation analysis confirms that entrepreneurial leadership practices in large manufacturing companies have indirect positive relationships and are statistically significant with sustainable performance through Leader Innovation Behavior (LIB). Furthermore, the findings of this study depicted that there is a significant contribution to the existing literature on entrepreneurial leadership and sustainable performance practices by emphasizing the benefits of integrating leader innovation behavior to improve large manufacturing company performance as unique research findings from previously conducted studies. Therefore, it will help policymakers to use the study results to develop frameworks that promote entrepreneurial leadership practices from social, economic, and environmental perspectives for large manufacturing companies in creating an innovation-based manufacturing, entrepreneurial-oriented mindset leaders, resilient economy for a sustainable future.

This study used a comparative approach to evaluate the impact of national energy performance improvement on corporate disclosure of Environmental (E), Social (S), and Governance (G) disclosures (ESG) in companies based in the United States and Europe. The research components included renewable energy, energy intensity, and energy savings. An extensive panel dataset comprising financial and performance data for 521 U.S. companies and 305 European enterprises spanning 11 distinct industries over 20 years was examined. This panel dataset contained comprehensive information on firms' energy performance, ESG indicators, and other critical variables, which were employed to investigate the correlation between enhancements in national energy performance and companies' ESG outcomes. The findings indicated that the factors influencing ESG disclosures in European and American companies differ. In Europe, energy savings significantly improved the ESG score, with an increase of approximately 12.5 units in the ESG index for every 1 billion dollars saved in energy. In contrast, in the United States, a reduction in energy intensity and an increase in the share of renewable energy resulted in improvements of 115 and 22.3 units, respectively, in the ESG index. These findings suggested that while both regions strongly emphasize energy and environmental policies, their approaches to achieving sustainability goals vary. Furthermore, each environmental, social, and governance improvement measure impacts various economic sectors differently. Therefore, companies must adopt strategies tailored to their industry to enhance their ESG performance. This study's findings had significant implications for policymakers, politicians, companies, and government agencies formulating a roadmap to promote the transition to renewable energy sources. The main innovation of this research lies in the comprehensive comparison of the ESG performance of European and American companies. This comparison enables the identification of best practices and successful models across two continents.

This study investigates how female leadership influences environmental sustainability practices, organizational ambidexterity, and decent work within small and medium-sized enterprises (SMEs) in the European Union. Drawing on the resource-based view, dynamic capabilities, and stakeholder theory, the study explores both the direct and indirect pathways through which female leadership fosters sustainability-oriented organizational conditions. Using microdata from 7560 SMEs across 16 EU countries, collected through the 2019 World Bank Enterprise Survey, the analysis applies partial least squares structural equation modeling (PLS-SEM) to test the relationships among key constructs. The results demonstrate that female leadership positively affects environmental sustainability outcomes, both directly and through its impact on ambidextrous capabilities and decent work practices. These findings highlight the strategic role of gender-diverse leadership in enabling SMEs to align internal resources with sustainability objectives. The study extends current literature by integrating established constructs into a unified empirical model and offers practical insights for policymakers and managers seeking to embed sustainability into core SME strategies.

In today's VUCA (volatile, uncertain, complex, and ambiguous) world, business strategy and environmental responsibility are impactful forward-thinking strategies, and stewardship with emerging technologies like Blockchain will foster long-term viability, accountability, and improved stakeholder transparency. Blockchain's decentralized nature, transparency, and immutability technology transformed the theoretical approach to practical, ethical, and scalable, providing stakeholders with confidence. The study aims to extensively analyze existing literature to examine the adoption of blockchain technology (BCT) for achieving the United Nations' sustainable development goals (SDGs), including trends, the major themes, and future direction. Through the PRISMA approach, 183 articles were retrieved from Scopus and the WOS database for the years 2017–2023. The bibliometric study was conducted using the bibliophagy application from the R Studio package. The findings reveal that the intersection of SDGs and BCT holds promising opportunities for deeper interdisciplinary collaboration, international engagement, integration of emerging technologies, and the exploration of new research avenues. The findings also depict that countries like India, China, Australia, and Spain actively focus on the area of SDGs and BCT. Third, this study has explored all fundamental trends regarding the publication of productive authors with the affiliation institute and country. Fourthly, the study delved deeper into the methodology employed and examined the prominent topics and potential future directions. Finally, the research highlights important insights that broaden the theoretical understanding in an interdisciplinary field while offering practical guidance for companies, investors, and policymakers. By pinpointing research gaps and suggesting future directions, it enables decision-makers to strategically align technology adoption with the SDGs. This approach not only fosters greater stakeholder trust but also helps prioritize investments in areas that yield significant impact on SDGs.

This study investigates the relationship between Financial Inclusion (FI), Financial Self-Efficacy (FSE), and Poverty Alleviation (PA) among poor and rural households in North Kashmir, India. Using a cross-sectional design, data were collected from 525 respondents benefiting from financial inclusion initiatives across five banks. The research employed structural equation modeling (SEM) to explore the direct and indirect effects of financial inclusion on poverty alleviation, with a specific focus on the mediating role of financial self-efficacy. Results indicate that financial inclusion significantly influences poverty alleviation directly and indirectly through financial self-efficacy, highlighting the importance of individuals' confidence in managing financial resources. Furthermore, findings reveal that improved access to financial services correlates positively with enhanced financial self-efficacy, suggesting that both factors are essential for effective poverty alleviation strategies. The study underscores the need for integrated interventions that not only increase access to financial services but also empower individuals through financial literacy and self-efficacy enhancement programs. These insights contribute to the understanding of how financial inclusion can be leveraged to foster economic empowerment and reduce poverty in rural settings.

This study examines how the concept of corporate digital responsibility (CDR) principles, such as data security, transparency, and digital inclusivity, is integrated into the corporate structures of the banking and e-commerce sectors in Türkiye. The objective is to identify sector-specific key trends, challenges, and strategic approaches related to the adoption of CDR in corporate frameworks. By presenting a comparative analysis of two critical sectors, this research highlights the sectoral differences in understanding and implementing CDR. Employing a qualitative methodology, the research utilizes semi-structured interviews with senior executives, corporate communication directors, IT professionals, and legal experts. The interviews were thematically analyzed and digitized using Python-based coding tools to enhance analytical consistency and depth. The findings indicate that the banking sector demonstrates greater maturity in CDR awareness and an institutionalized approach to CDR, particularly in areas related to data security and regulatory compliance. Conversely, the e-commerce sector shows slower and more fragmented progress, lagging in the adoption and implementation of CDR principles. Both sectors require significant improvements to align with global CDR standards. The study also underlines the importance of cross-sector collaboration, government enforcement mechanisms, and user-driven demands in fostering responsible digital ecosystems. Future studies should employ quantitative methods to evaluate the regulatory and cultural influences on digital responsibility. Furthermore, research that focuses on consumer perspectives, the long-term development of regulatory compliance, and compares different emerging economies will help broaden the current literature on CDR.

Greenwashing is an obstacle to sustainable development that must be addressed. While there is increasing social pressure for businesses to adopt sustainable practices, there is also skepticism about the potential for these practices to yield economic benefits. In this context, organizations may opt to assign the responsibility of sustainability implementation to their compliance departments. Yet, with proper implementation, sustainability may help businesses to improve their economic efficiency. The Stakeholder Theory provides justification for this possibility; however, making it a reality demands a long-term perspective in an economy where short-term thinking seems to be deeply rooted. Therefore, it is essential to establish a strategic approach to sustainability that prioritizes stakeholder relationships, ultimately leading to long-term economic efficiency improvements and moving away from a short-term focus. That said, the literature shows mixed results about the possibility of achieving economic benefits from sustainable practices. Using a sample of 17,498 MSMEs from 17 Latin American countries, our study shows that the U-shaped relationship between these variables can explain the inconclusive evidence. Moreover, it also demonstrates that the relationship can be positively moderated by innovation. Our findings contribute to the literature by revealing a positive relationship between an intensive application of sustainability practices, which would be realized in the long term, and an improvement in business performance, with improved efficiency resulting from sustainable practices. This result can help organizations to more readily identify long-term strategies by giving them insights into the possibilities for increasing their efficiency. The findings indicate that the long-term, intensive implementation of sustainability practices correlates with enhanced business efficiency, a relationship of a quadratic nature that is influenced by the role of innovation in sustainable practices.