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Reimagining entrepreneurship by utilizing venture dynamics in sharing economy: Evaluating the symbiosis of macro and micro factors for sustainable capital flows in developing markets 利用共享经济中的风险动态重新想象创业:评估宏观和微观因素的共生关系,促进发展中市场的可持续资本流动
IF 4.8 Q1 BUSINESS Pub Date : 2024-08-06 DOI: 10.1002/bsd2.417
Sajid Amit, Roger Levermore, Abdulla Al Kafy

Venture capital (VC) plays a vital role in fostering revolution and entrepreneurship in emerging economies. However, attracting VC investments remains a significant challenge for startups in these markets. This study investigates the macro and micro factors influencing VC attraction in the Bangladeshi startup ecosystem, employing a mixed-methods approach. A systematic literature review was performed to recognize the key factors influencing VC attraction in emerging markets. Qualitative interviews with 20 stakeholders, including startup founders, investors, and policymakers, were undertaken to gain insights into the challenges and opportunities for VC attraction in Bangladesh. Quantitative analysis of secondary data on VC investments and startup characteristics was executed to examine the associations connecting the identified factors and VC investment amount. The findings reveal that government policies, human capital availability, and informal institutions are critical macro factors influencing VC attraction, while founder and team characteristics, business model and scalability, and traction and validation are key micro factors. The study contributes to the literature on VC in developing economies by providing a comprehensive examination of the interplay of institutional, human capital, cultural, and startup-specific factors shaping VC investment decisions. The findings have important implications for policymakers, investors, and entrepreneurs seeking to foster a more vibrant and sustainable startup ecosystem in Bangladesh and beyond. The research underlines the need for a holistic approach to addressing the challenges and leveraging the opportunities for VC attraction in emerging markets.

风险投资(VC)在促进新兴经济体的革命和创业方面发挥着至关重要的作用。然而,对于这些市场中的初创企业来说,吸引风险投资仍然是一项重大挑战。本研究采用混合方法,调查了影响孟加拉国初创企业生态系统吸引风险投资的宏观和微观因素。我们进行了系统的文献综述,以了解影响新兴市场吸引风险投资的关键因素。对 20 名利益相关者(包括初创企业创始人、投资者和政策制定者)进行了定性访谈,以深入了解孟加拉国吸引风险投资的挑战和机遇。对有关风险投资和初创企业特征的二手数据进行了定量分析,以研究已识别因素与风险投资额之间的关联。研究结果表明,政府政策、人力资本可用性和非正式机构是影响风险投资吸引力的关键宏观因素,而创始人和团队特征、商业模式和可扩展性以及牵引力和验证则是关键微观因素。本研究全面考察了影响风险投资决策的制度、人力资本、文化和初创企业特有因素之间的相互作用,为有关发展中经济体风险投资的文献做出了贡献。研究结果对政策制定者、投资者和创业者在孟加拉国及其他地区培养更有活力、更可持续的初创企业生态系统具有重要意义。研究强调,有必要采取综合方法来应对新兴市场吸引风险投资的挑战和机遇。
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引用次数: 0
Exploring the drivers of modern slavery reporting quality in Indonesia 探索印度尼西亚现代奴隶制报告质量的驱动因素
IF 4.8 Q1 BUSINESS Pub Date : 2024-08-06 DOI: 10.1002/bsd2.420
Afifah Muawanah, Desi Adhariani

Vulnerability to modern slavery in Indonesia, particularly driven by poverty and discrimination against minority groups, has become a primary concern in the context of information transparency. This study aims to investigate the factors that can support the reporting quality of modern slavery in Indonesia, namely the industry sector, profitability, social responsibility commitment, and gender diversity as the moderating variable. The research utilized a sample of 225 companies listed on the Indonesia stock exchange (IDX) from 2020 to 2022. Data were collected from financial reports and sustainability reports as well as the Refinitiv Eikon database. Panel data regression analysis was conducted to analyze the determinants of the disclosure quality. The research findings indicate that high-risk industry sectors tend to disclose less information regarding modern slavery, with this outcome having a partially negative impact. However, profitability is not associated with the quality of voluntary modern slavery disclosure. In contrast, corporate responsibility commitment is positively associated. Additionally, this study reveals that gender diversity does not moderate the association between the industry sector, profitability, and corporate responsibility commitment with the disclosure quality of modern slavery. This research contributes to the growing literature on the accountability of modern slavery in an emerging country context through institutional theory and gender socialization theory lenses by identifying the firm-level factors to enhance corporate disclosure in this area. This study also contributes to corporate understanding of modern slavery issues within supply chains. With growing attention to this problem, the awareness of labor exploitation within corporate supply chains is also increasing. The findings of this research can assist companies in recognizing the importance of transparency and voluntary disclosure regarding modern slavery in their supply chains.

印度尼西亚现代奴隶制的脆弱性,尤其是由贫困和对少数群体的歧视所导致的脆弱性,已成为信息透明度方面的一个主要问题。本研究旨在调查能够支持印尼现代奴隶制报告质量的因素,即行业部门、盈利能力、社会责任承诺以及作为调节变量的性别多样性。本研究以 2020 年至 2022 年期间在印尼证券交易所(IDX)上市的 225 家公司为样本。数据收集自财务报告、可持续发展报告以及 Refinitiv Eikon 数据库。通过面板数据回归分析,对信息披露质量的决定因素进行了分析。研究结果表明,高风险行业部门披露的有关现代奴隶制的信息往往较少,这一结果产生了部分负面影响。然而,盈利能力与自愿性现代奴隶制信息披露的质量无关。相比之下,企业责任承诺则呈正相关。此外,本研究还发现,性别多样性并不能调节行业部门、盈利能力和企业责任承诺与现代奴隶制信息披露质量之间的关联。本研究通过制度理论和性别社会化理论的视角,确定了加强企业在这一领域信息披露的公司层面因素,从而为新兴国家背景下现代奴隶制问责制方面日益增多的文献做出了贡献。本研究还有助于企业理解供应链中的现代奴隶制问题。随着人们对这一问题的日益关注,对企业供应链中劳动力剥削问题的认识也在不断提高。本研究的结果可以帮助企业认识到供应链中现代奴隶制问题的透明度和自愿披露的重要性。
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引用次数: 0
Harnessing green purchase intention of generation Z consumers through green marketing strategies 通过绿色营销战略把握 Z 世代消费者的绿色购买意向
IF 4.8 Q1 BUSINESS Pub Date : 2024-08-06 DOI: 10.1002/bsd2.419
Faraj Mazyed Faraj Aldaihani, Md Asadul Islam, Seyed Ghasem Saatchi, Md Anamul Haque

Drawing on value-belief-norm theory and the theory of planned behavior, this study examines the gap between the application of green marketing strategies and their effectiveness in harnessing green purchase intentions through green attitudes and the use of generative artificial intelligence (AI) by Generation Z consumers. This study explores a mediated moderating model using partial least squares structural equation modeling with data collected from 357 randomly selected Generation Z consumers. The results reveal that among three green marketing strategies—green advertising, green labeling, and green packaging—only green packaging has a direct and positive influence on purchase intention, while the others do not. Moreover, green attitude has been found to be a positive and significant mediator in the relationship between green marketing strategies and purchase intention. This suggests that green marketing strategies cannot directly spark green purchase intentions; instead, the effectiveness of these depends on intervening variables like green attitude. Furthermore, the study also shows that the use of generative AI by young consumers enhances the positive role of green attitude toward purchase intention. Based on the findings, implications for theory and practice are provided, followed by arguments on research limitations and directions for future studies.

本研究以价值-信念-规范理论和计划行为理论为基础,探讨了绿色营销策略的应用及其通过绿色态度和 Z 世代消费者使用生成式人工智能(AI)来利用绿色购买意愿的有效性之间的差距。本研究利用偏最小二乘法结构方程模型,从随机抽取的 357 名 Z 世代消费者中收集数据,探索了一个中介调节模型。结果显示,在绿色广告、绿色标签和绿色包装这三种绿色营销策略中,只有绿色包装对购买意向有直接的积极影响,而其他策略则没有。此外,研究还发现,在绿色营销策略与购买意向之间,绿色态度是一个积极且显著的中介因素。这表明,绿色营销策略并不能直接激发绿色购买意向,其效果取决于绿色态度等干预变量。此外,研究还表明,年轻消费者使用生成式人工智能会增强绿色态度对购买意向的积极作用。在研究结果的基础上,我们提出了理论和实践方面的启示,并论证了研究的局限性和未来研究的方向。
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引用次数: 0
Drivers of green brand loyalty: Stakeholder engagement through corporate social responsibility and brand experience 绿色品牌忠诚度的驱动因素:通过企业社会责任和品牌体验促进利益相关者参与
IF 4.8 Q1 BUSINESS Pub Date : 2024-08-06 DOI: 10.1002/bsd2.422
Truong Thi Hue

This study aims to determine the drivers related to corporate social responsibility (CSR) and green brand experience that drive green brand loyalty (GBL), ranking the relative importance of these drivers while providing additional explanations for the ranking results. Data were collected from individuals with at least 5 years of experience consuming green agricultural products in Vietnam. The Delphi method and analytic hierarchy process (AHP) were employed in combination to address the research objectives. The research results indicated that both CSR and green brand experience can promote stakeholder engagement and enhance GBL, with components of green brand experience being evaluated as more crucial. The drivers within green brand experience and CSR were ranked in importance. The study makes significant scientific and practical contributions by combining qualitative and quantitative methods in this field, integrating components of CSR and green brand experience within an analytical framework to compare their importance in fostering GBL.

本研究旨在确定驱动绿色品牌忠诚度(GBL)的企业社会责任(CSR)和绿色品牌体验相关驱动因素,并对这些驱动因素的相对重要性进行排序,同时对排序结果提供更多解释。数据收集对象为在越南至少有 5 年绿色农产品消费经验的个人。为实现研究目标,结合使用了德尔菲法和层次分析法(AHP)。研究结果表明,企业社会责任和绿色品牌体验都能促进利益相关者的参与并提高 GBL,其中绿色品牌体验的要素被认为更为重要。绿色品牌体验和企业社会责任中的驱动因素的重要性依次排序。本研究将该领域的定性和定量方法结合起来,将企业社会责任和绿色品牌体验的组成部分纳入分析框架,比较它们在促进 GBL 方面的重要性,从而做出了重要的科学和实践贡献。
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引用次数: 0
Intergating sustainability with performance: Effect of social and environmental dimensions of the balanced scorecard on the performance of financial institutions in Ethiopia, moderated by management commitment 将可持续性与绩效相互结合:平衡计分卡的社会和环境维度对埃塞俄比亚金融机构绩效的影响,受管理层承诺的调节
IF 4.8 Q1 BUSINESS Pub Date : 2024-08-04 DOI: 10.1002/bsd2.414
Nathenael Fentaw Ayele, Manjit Singh

This study investigates the primary factors driving sustainable performance in financial institutions, focusing on the effect of social and environmental aspects of a balanced scorecard on the performance of financial institutions in Ethiopia. It also examines how management commitment moderates the relationship between these social and environmental dimensions and institutional performance. The research adopts a descriptive and explanatory design, utilizing proportional stratified sampling followed by systematic random sampling. From a population of 4990, a sample of 480 was determined using Daniel Soper's formula for structural equation modeling, accounting for an expected effect size of 0.23, a statistical power level of 0.95, and a probability level of .05. Data analysis involved descriptive statistics, covariance-based structural equation modeling, and the interaction-term method for moderation. Findings indicate a significant positive relationship between the social and environmental dimensions of the balanced scorecard and the performance of Ethiopian financial institutions. Additionally, management commitment significantly enhances this relationship. The study confirms that incorporating social and environmental metrics into the balanced scorecard positively impacts financial institution performance, emphasizing the importance of sustainability in performance measurement frameworks. This research underscores the practical implications of integrating sustainability metrics and management commitment in enhancing institutional performance.

本研究调查了推动金融机构可持续绩效的主要因素,重点是平衡计分卡的社会和环境方面对埃塞俄比亚金融机构绩效的影响。研究还探讨了管理承诺如何调节这些社会和环境方面与机构绩效之间的关系。本研究采用了描述性和解释性设计,利用比例分层抽样和系统随机抽样。根据丹尼尔-索珀(Daniel Soper)的结构方程模型公式,从 4 990 个样本中确定了 480 个样本,预期效应大小为 0.23,统计能力水平为 0.95,概率水平为 0.05。数据分析包括描述性统计、基于协方差的结构方程模型和交互项调节法。研究结果表明,平衡计分卡的社会和环境维度与埃塞俄比亚金融机构的绩效之间存在明显的正相关关系。此外,管理层的承诺也极大地增强了这种关系。研究证实,将社会和环境指标纳入平衡计分卡会对金融机构的绩效产生积极影响,强调了绩效衡量框架中可持续发展的重要性。这项研究强调了将可持续发展指标与管理承诺相结合对提高机构绩效的实际意义。
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引用次数: 0
Is CEO power linked to corporate social responsibility disclosure? Evidence from an emerging economy 首席执行官的权力与企业社会责任信息披露有关吗?来自新兴经济体的证据
IF 4.8 Q1 BUSINESS Pub Date : 2024-08-04 DOI: 10.1002/bsd2.415
Nguyen Vinh Khuong, Nguyen Nhat Anh, Nguyen Thuy Trang, Trinh Hoang Uyen, Nguyen Ngoc Khanh Tien

The research aims to analyze the influence of Chief Executive Officer (CEO) power factors on corporate social responsibility (CSR) disclosure by listed companies on the Vietnamese stock market. To examine the relationship between CEO power and CSR disclosure (CSRD), our study used the generalized method of moments (GMM) estimation method with panel data from 210 listed companies on the Vietnamese stock market during the period 2015–2022. The research results indicate that factors such as duality, tenure, share ownership, and CEO compensation reduce the level of CSR disclosure by companies. On the other hand, CEO education and age show a positive relationship with disclosure level. The empirical results of this study provide a solid foundation for managers to establish effective corporate governance mechanisms and enhance the quality of sustainable reporting by companies.

本研究旨在分析首席执行官(CEO)权力因素对越南股市上市公司企业社会责任(CSR)披露的影响。为了研究首席执行官权力与企业社会责任信息披露(CSRD)之间的关系,我们的研究采用广义矩量法(GMM)估计方法,使用了 2015-2022 年期间越南股市 210 家上市公司的面板数据。研究结果表明,双重身份、任期、股权和首席执行官薪酬等因素会降低公司的企业社会责任披露水平。另一方面,CEO 的学历和年龄与信息披露水平呈正相关。本研究的实证结果为管理者建立有效的公司治理机制、提高公司可持续报告的质量提供了坚实的基础。
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引用次数: 0
Investigating the role of banks in promoting women-owned micro and small businesses empirical evidence from an emerging economy 调查银行在促进妇女拥有的微型和小型企业中的作用 来自新兴经济体的经验证据
IF 4.8 Q1 BUSINESS Pub Date : 2024-08-04 DOI: 10.1002/bsd2.418
Sadia Noor Khan, Tasneema Khan, Khondokar Jilhajj

Women entrepreneurs of Bangladesh face strict terms and conditions, high interest rate, and collateral requirements while requesting access to bank finance. This paper investigates the role of banks in promoting micro and small businesses owned by women in Bangladesh in terms of access to bank finance and collateral requirement. Bangladeshi women entrepreneurs were chosen as there are surge in women entrepreneurs in the nation. The study used a close-ended questionnaire to collect data based on stratified sampling and data health was ensured using the Harman's single factor indicating no presence of common method bias. The sample consists of 60 respondents of pilot study and 150 respondents surveyed by trained enumerators resulting a final sample size of 210. The data were collected based on primary sources from the entire Bangladesh represented by the eight divisions of the country namely Dhaka, Barishal, Chittagong, Khulna, Mymensingh, Rajshahi, Rangpur, and Sylhet. The data were analyzed based on the binary logistic regression model using the IBM SPSS Statistics. Empirical results indicate that women entrepreneurs can be granted bank finance only by the private commercial banks without pledging collateralized assets according to the rules of the central bank of Bangladesh provided they offer personal guarantee, social security and group guarantee and if they default on the loans, security will be used for loan repayment, and they will be deprived of further loan facilities. The findings of the study will help add value to the current literatures and the outcomes will be helpful to the concerned parties.

孟加拉国的女企业家在申请银行融资时面临着严格的条款和条件、高利率和抵押要求。本文从获得银行融资和抵押要求的角度,探讨了银行在促进孟加拉国妇女所拥有的微型和小型企业方面所起的作用。由于孟加拉国的女企业家人数激增,因此选择了孟加拉国的女企业家。本研究在分层抽样的基础上使用封闭式问卷收集数据,并使用哈曼单因素法确保数据健康,表明不存在普通方法偏差。样本包括试点研究的 60 名受访者和由经过培训的调查员调查的 150 名受访者,最终样本量为 210 个。数据是根据原始资料收集的,来自孟加拉国全国八个省,即达卡、巴里沙勒、吉大港、库尔纳、迈门辛斯、拉杰沙希、兰普尔和锡尔赫特。数据采用 IBM SPSS 统计软件的二元逻辑回归模型进行分析。实证结果表明,根据孟加拉国中央银行的规定,女企业家只需提供个人担保、社会保障和团体 担保,即可获得私营商业银行的银行融资,无需抵押资产。研究结果将有助于增加现有文献的价值,并对有关各方有所帮助。
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引用次数: 0
Enhancing board of director decision-making: The impact of government support on risk management and nonfinancial performance 加强董事会决策:政府支持对风险管理和非财务绩效的影响
IF 4.8 Q1 BUSINESS Pub Date : 2024-08-01 DOI: 10.1002/bsd2.413
Diana Escandon-Barbosa, Jairo Salas-Paramo

The substantial influence of the board of directors on company performance is a key area of focus in global business management. This study examines the moderating effect of government support on the board of director's role in the relationship between perceived risks and the nonfinancial performance of firms. A survey was conducted among 480 Colombian exporting companies from August to December 2023 to achieve this aim. The data were analyzed using a structural equation model. One significant gap in the literature is the need to identify specific actions and behaviors of companies across various economic sectors, such as exporting Small and Medium Enterprises, to develop strategies for managing risks associated with nonfinancial performance. Additionally, examining the moderating role of government support in achieving business sustainability standards is critical. The findings reveal that human risk (psychological and social) does not significantly affect nonfinancial performance when government support directly influences board decision-making. However, operational risk impacts nonfinancial performance when board directors possess extensive environmental information and leverage government support to implement necessary actions. This understanding enables firms to navigate their operational context more effectively and seize available opportunities.

董事会对公司业绩的重大影响是全球企业管理的一个重点领域。本研究探讨了政府支持对董事会在企业感知风险与非财务绩效之间关系中的调节作用。为此,我们在 2023 年 8 月至 12 月期间对 480 家哥伦比亚出口公司进行了调查。数据采用结构方程模型进行分析。文献中的一个重要空白是,需要确定各经济部门(如出口型中小企业)公司的具体行动和行为,以制定与非财务绩效相关的风险管理战略。此外,研究政府支持对实现企业可持续发展标准的调节作用也至关重要。研究结果表明,当政府支持直接影响董事会决策时,人为风险(心理和社会)对非财务绩效的影响不大。然而,当董事会董事掌握广泛的环境信息并利用政府支持实施必要行动时,运营风险会影响非财务绩效。这种理解使企业能够更有效地驾驭其运营环境,抓住现有机遇。
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引用次数: 0
Sustainable governance of natural gas exploration: A coastal forest ecosystem perspective 天然气勘探的可持续治理:沿海森林生态系统视角
IF 4.8 Q1 BUSINESS Pub Date : 2024-08-01 DOI: 10.1002/bsd2.411
Zainabu Shabani Bungwa, Pius Zebhe Yanda, James Lyimo

Coastal forest ecosystems can benefit from an empirical study of the sustainable governance of natural gas exploration. But, policymakers and practitioners cannot make informed decisions in the absence of thorough and comprehensive research. This study examines empirical research on the sustainable governance of natural gas exploration within the coastal forest ecosystem, identifies research gaps and outlines future directions. Researchers utilised the theories, context, characteristics, and methodologies (TCCM) analysis in the systematic narrative review of nine studies. The study findings revealed that sustainable governance of natural gas exploration to lessen coastal forest ecological consequences is questionable since most of the study indicated negative impacts on coastal forests. Furthermore, the study findings contributed by identifying the most prominent theories, such as economic theory and efficient taxation, which are thought to maximise long-term economic benefits while minimising the degradation of forest ecosystems. Natural gas exploration-related taxes have the potential to support conservation initiatives and coastal forest ecosystem restoration. Furthermore, the study acknowledges that most studies do not have guidelines for evaluating the concepts of sustainable governance. Moreover, the research suggests the need for sustainable governance that strikes a balance between the goals of natural gas development and the protection of coastal forest ecosystems, enacts laws and regulations that promote good governance towards the Green House Gases protocol, and sets up monitoring and control mechanisms. Furthermore, the government should provide incentives, such as research grants, to encourage research and dissemination, as well as sustainable management techniques for natural gas extraction and coastal forest ecosystem management and conservation.

对天然气勘探的可持续治理进行实证研究可使沿海森林生态系统受益。但是,决策者和实践者在缺乏深入全面研究的情况下无法做出明智的决策。本研究考察了沿海森林生态系统中天然气勘探可持续治理的实证研究,找出了研究空白,并概述了未来的发展方向。研究人员利用理论、背景、特征和方法(TCCM)分析对九项研究进行了系统的叙述性回顾。研究结果表明,天然气勘探的可持续治理对减少沿海森林生态后果的影响值得商榷,因为大多数研究都指出了对沿海森林的负面影响。此外,研究结果还确定了最重要的理论,如经济理论和有效税收,这些理论被认为可以最大限度地提高长期经济效益,同时最大限度地减少森林生态系统的退化。与天然气勘探相关的税收具有支持保护措施和沿海森林生态系统恢复的潜力。此外,该研究承认,大多数研究都没有评估可持续治理概念的指导方针。此外,研究表明,可持续治理需要在天然气开发目标和沿海森林生态系统保护目标之间取得平衡,制定法律法规以促进《温室气体议定书》的良好治理,并建立监测和控制机制。此外,政府应提供研究补助金等激励措施,鼓励天然气开采和沿海森林生态系统管理与保护方面的研究和传播以及可持续管理技术。
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引用次数: 0
CEOs family on the boardroom and environmental, social, and governance disclosure: Exploring from economic crisis during COVID-19 董事会中的 CEO 家庭与环境、社会和治理信息披露:从 COVID-19 期间的经济危机中探索
IF 4.8 Q1 BUSINESS Pub Date : 2024-07-31 DOI: 10.1002/bsd2.409
Ardianto Ardianto, Suham Cahyono, Noor Adwa Sulaiman

This study examines the relationship between family-run businesses and the quality of environmental, social, and governance (ESG) disclosure, with a specific focus on the influence of the COVID-19 pandemic. Drawing on a sample of 559 firm-year observations from publicly listed companies in ASEAN countries spanning from 2019 to 2022, this study measure ESG disclosure quality using the global reporting initiative guidelines for sustainability reports. Family-run businesses are identified as those with family members serving on the board of directors. This study finding reveals that family-run businesses exhibit higher ESG disclosure quality compared to companies without family representation on their boards. Furthermore, results show a significant positive impact of the COVID-19 pandemic on the relationship between family-run businesses and their ESG disclosure practices. The implications of this study are significant for various stakeholders, including owners, management, and regulators. This research contributes to the existing literature by offering empirical evidence on the relationship between family-run businesses and ESG disclosure within the context of ASEAN countries, particularly amidst the COVID-19 pandemic. By shedding light on the positive association between family involvement and ESG disclosure quality, this study provides valuable insights for practitioners and policymakers seeking to promote sustainable business practices in emerging markets.

本研究探讨了家族企业与环境、社会和治理(ESG)信息披露质量之间的关系,尤其关注 COVID-19 大流行的影响。本研究以东盟国家上市公司在 2019 年至 2022 年期间的 559 个公司年度观测数据为样本,采用全球报告倡议的可持续发展报告指南来衡量 ESG 信息披露质量。家族企业指董事会中有家族成员的企业。研究结果表明,与董事会中没有家族成员的公司相比,家族企业的 ESG 信息披露质量更高。此外,研究结果表明,COVID-19 大流行病对家族企业与其环境、社会和公司治理信息披露实践之间的关系有重大积极影响。这项研究对包括所有者、管理层和监管者在内的各利益相关方都具有重要意义。本研究为现有文献做出了贡献,提供了东盟国家背景下家族企业与环境、社会和公司治理信息披露之间关系的实证证据,尤其是在 COVID-19 大流行的情况下。通过揭示家族参与与环境、社会和公司治理信息披露质量之间的正相关关系,本研究为寻求促进新兴市场可持续商业实践的从业人员和政策制定者提供了宝贵的见解。
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引用次数: 0
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