Business Strategy and Development最新文献

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.

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.

Sustainable project management practices have garnered increasing attention in recent years. Consequently, in the age of digitalization and globalization, numerous studies extensively explore the relationship between digitalization and sustainable practice. While optimism abounds, there is insufficient research into how and what types of project managers effectively manage resources to enhance the sustainability of projects when stakeholders are engaged. Therefore, we aim to address this gap by analyzing a sample of 211 Chinese project managers involved in the China-Pakistan Economic Corridor (CPEC). Our findings indicate that project managers with digital literacy and experience are effective at managing existing resources to promote sustainable project management practices, while project managers with financial literacy do not directly exhibit sustainable practices. Furthermore, digitally literate managers are more likely to engage in bricolage (effective resource management), whereas experienced project managers are less likely to do so in the presence of stakeholder engagement. Moreover, stakeholder engagement does not appear to moderate the relationship between project manager financial literacy and bricolage. Based on these findings, our research recommends that organizations focus on employing digitally literate and experienced project managers to effectively manage their limited resources for sustainable project management. Further practical implications are discussed.

The United Nations Sustainable Development Goals (SDGs) have emerged as a relevant framework for Corporate Social Responsibility (CSR) at the firm level. Despite the recent proliferation of articles about firms' engagement with SDGs within a short span of time, empirical literature in this field is still in its early stages, and has not yet been organized. While a set of literature reviews have analyzed the impact of SDGs at the organizational or firm level, none have specifically focused on empirical works at the company level. To address this gap, this article aims to review the empirical studies on firms' engagement with SDGs. A total number of 29 studies published in the 2015 to 2024 period were reviewed based on the scoping review methodology, in order to identify key concepts and research gaps. In terms of the primary focus of the studies examined, although a wide array of topics were explored in the early stage of the SDG literature, a notable theme emerged: the analysis of the determinants or factors driving companies to engage with SDGs. The article delves into the implications of the findings for managers, public policymakers and various stakeholders.

Business sustainable development (BSD) refers to practices that meet current economic, environmental, and social needs without compromising the ability of future generations to meet their own needs. In Ethiopia, prior studies overlooked this concept when studying entrepreneurial marketing practices (EMP) in small and medium enterprises (SMEs). This study aimed to investigate the effect of these practices on the BSD. Employing a mixed-methods approach, primary and secondary data from 387 SMEs (selected via stratified and simple random sampling from 5765) are analyzed using structural equation modeling (SEM). Results demonstrate a significant, positive relationship between EMP such as innovativeness, opportunity focus, value creation, proactiveness, and sustainable development. The study underscores the necessity for SMEs to enhance marketing practices to ensure long-term viability and competitiveness. It highlights stakeholder engagement: policymakers, local communities, and consumers as critical for aligning marketing efforts with sustainability goals. This engagement not only meets consumer expectations for ethically driven businesses but also enhances inclusive growth and community welfare. By promoting dialogue among stakeholders, SMEs drive sustainable development initiatives and advocate for policies supporting environmentally and socially responsible practices, contributing to a greener, socially conscious economy. Future research should explore mediating or moderating variables across different SME types and regions. This study's novelty lies in its insights into how EMP impact SME sustainable development within Ethiopia, offering valuable insights for strategic decision-making and highlighting the pivotal role of entrepreneurial marketing (EM) in achieving long-term success in dynamic markets.

The aim of the paper is to examine the influence of climate vulnerability (CV) on the formation of new firms. Employing a large sample of 140 countries spanning the time frame 2006–2020, it has been found that climate vulnerability harms new firm formation. The empirical results show that the negative impact of CV on the average new business formation rate has been 3.40. The results prove to be robust for alternative subsamples and methodology. Furthermore, the results of the quantile regression highlight a parameter heterogeneity in the effect of CV on entrepreneurial activity. Overall, the empirical findings highlight the key role of climate vulnerabilities in developing public policies aimed to spur entrepreneurial activity.

This study investigates the influence of green innovation and technology in both products and processes on the performance of small and medium-sized enterprises (SMEs) in Thailand. Additionally, it explores the impact of firm size and sustainability readiness on SME performance and examines the moderating and mediating effects of these factors on the relationship between innovation and firm performance. Structural equation modeling (SEM) was employed as the methodological approach, utilizing a sample of 421 SMEs in Thailand. The findings reveal that green innovation and sustainability readiness significantly contribute to SME performance. Sustainability readiness is identified as a mediator, underscoring its significant role in mediating the relationship between green innovation and firm performance. Furthermore, firm size is confirmed as a moderator, indicating that the influence of green innovation on firm performance is contingent upon the firm's size. These findings have significant implications for SMEs, providing valuable insights into strategic investments in sustainability readiness and green innovation as avenues for enhancing performance and competitiveness.

Limited research explores the private sector's role in achieving Sustainable Development Goals (SDGs), particularly regarding factors influencing disclosure practices in emerging economies. This study addresses this gap by investigating the voluntary disclosure of SDGs and the impact of the sustainability committee (SC) on such disclosure in Malaysia. Panel data from large publicly listed Malaysian companies spanning from 2016 to 2020 is employed. Manual content analysis extracts the SDGs-related information from the annual reports. Data were analyzed using univariate and multivariate analytical models to examine the effect of the sustainability committee's existence on the SDGs disclosure. Findings reveal an increasing trend in Malaysian companies' commitment to SDGs, with a stronger emphasis on social goals compared to environmental ones. The results of the T-test, fixed effects, and two-stage least squares regressions demonstrate significantly higher and more detailed SDG disclosure in companies with SCs compared to those without SCs. These findings suggest that SCs facilitate the integration of SDGs into corporate strategies and business models. Sensitivity analyses have not altered our findings. This research provides useful insights for policymakers and practitioners regarding corporate SDGs disclosure practices and the role of sustainability committees in enhancing such practices.

Two of the names at the moment are written wrongly: Lauryas Jakutis, Dominika Venciute. Instead, they should be Laurynas Jakutis, and Dominyka Venciute. To be more specific, there is a letter N missing in the name Laurynas (right now it says Lauynas), and there should be the letter Y instead of I in the name Dominyka (now it says Dominika).

All the other names are written in a correct way.

We apologize for this error.

Implementing green mechanisms has been mandatory to save the environment and for greater organizational profitability, reputation, and eventually competitive advantage in the dynamic and open market. However, employees are the catalysts in implementing green mechanisms, which are diverse and sophisticated; thus, the implementation process includes numerous challenges that are not explored from managerial and nonmanagerial perspectives in the current literature. Drawing on resource-based theory, this particular qualitative study explores the challenges faced by managerial and nonmanagerial employees working in the Malaysian automotive, electrical and electronics, and construction industries in implementing green human resource management (GHRM) practices. Using a qualitative approach, data were obtained from 48 face-to-face semi-structured interviews. Thematic analysis using NVivo 12 revealed 16 challenges that hinder the implementation of GHRM practices in Malaysian companies. We classified these challenges into three categories: high, moderate, and low. However, the main challenges were the lack of focus on the environment, difficulties in educating employees at different levels, a priority on progress/productivity neglecting the environment, the influence of external forces and the cost of going green. The study has discussed the implications of its findings for both theory and practice, followed by arguments on research limitations and future directions.