The success of the carbon emissions trading scheme (ETS) in fostering a mutually beneficial outcome for both the economy and the environment depends on its ability to enhance total factor productivity (TFP). We investigate the diverse implementation of this market‐based environmental policy across Chinese provinces using a staggered Difference‐in‐Differences model. Our study delves into the mechanisms of the ETS, particularly focusing on financialization and innovation, utilizing listed companies in Chinese stock markets as our research sample spanning from 2009 to 2022. Our analysis shows several key findings: (1) ETS facilitates the growth of TFP in micro‐firms, positively influencing other listed companies within the same sector and city. However, its impact on TFP is notably weaker in regions with robust environmental information disclosure and stringent environmental regulations. (2) The ETS helps alleviate resource misallocation stemming from excessive financialization of firms, prompting them to reallocate investments from financing activities to production and operation activities, thus enhancing TFP. (3) Contrary to expectations, the ETS does not directly influence TFP through enhancing firm innovation ability; instead, it encourages directed technical innovation toward green technology over digital technology. This study highlights the effectiveness of the ETS in promoting firm development and sheds light on resource management practices within firms.
{"title":"Mitigating excessive financialization or promoting innovation? Productivity effects of China's carbon emission trading scheme","authors":"Fang Qu, Wensen She, Ding Li, Biao Zheng, Khaldoon Albitar","doi":"10.1002/bse.3876","DOIUrl":"https://doi.org/10.1002/bse.3876","url":null,"abstract":"The success of the carbon emissions trading scheme (ETS) in fostering a mutually beneficial outcome for both the economy and the environment depends on its ability to enhance total factor productivity (TFP). We investigate the diverse implementation of this market‐based environmental policy across Chinese provinces using a staggered Difference‐in‐Differences model. Our study delves into the mechanisms of the ETS, particularly focusing on financialization and innovation, utilizing listed companies in Chinese stock markets as our research sample spanning from 2009 to 2022. Our analysis shows several key findings: (1) ETS facilitates the growth of TFP in micro‐firms, positively influencing other listed companies within the same sector and city. However, its impact on TFP is notably weaker in regions with robust environmental information disclosure and stringent environmental regulations. (2) The ETS helps alleviate resource misallocation stemming from excessive financialization of firms, prompting them to reallocate investments from financing activities to production and operation activities, thus enhancing TFP. (3) Contrary to expectations, the ETS does not directly influence TFP through enhancing firm innovation ability; instead, it encourages directed technical innovation toward green technology over digital technology. This study highlights the effectiveness of the ETS in promoting firm development and sheds light on resource management practices within firms.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":12.5,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141649341","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}
With growing global attention on achieving sustainable development goals, businesses worldwide face mounting pressures to incorporate sustainability into their business models and operations. However, despite the recognized importance of sustainability in modern manufacturing operations, the path toward embedding sustainability remains unclear and challenging for many manufacturing firms. Within the theoretical framework of dynamic capability theory and the imperative of sustainable development goals, this study investigates the influence of sustainable business models, crowdfunding, Industry 4.0 technologies, and stakeholders' pressure on the sustainable performance of manufacturing firms in Pakistan. Based on survey data from 370 small and medium enterprise owners and managers, our study utilized a hybrid approach by combining partial least squares–Structural equation modeling (SEM) and artificial neural networking techniques. The results emphasize a significant and positive impact of a sustainable business model on firm sustainability. Moreover, the findings reveal that Industry 4.0 technology and crowdfunding partially mediate the relationship between sustainable business models and sustainable performance, highlighting the significant role of advanced technologies and alternative financing. Besides, stakeholders' pressure emerges as a crucial moderator, further strengthening the relationship between sustainable business models and firm sustainability. This study advances knowledge of sustainable business actions within the firms and constitutes a valuable input for businesses, policymakers, and other stakeholders dedicated to enhancing sustainable growth in the manufacturing sector.
{"title":"Role of sustainable business model, Industry 4.0, crowdfunding, and stakeholders' pressure toward firm's sustainability: A SEM‐ANN approach","authors":"Amin Ur Rahman, Fenghua Wen, Fiza Amjad","doi":"10.1002/bse.3869","DOIUrl":"https://doi.org/10.1002/bse.3869","url":null,"abstract":"With growing global attention on achieving sustainable development goals, businesses worldwide face mounting pressures to incorporate sustainability into their business models and operations. However, despite the recognized importance of sustainability in modern manufacturing operations, the path toward embedding sustainability remains unclear and challenging for many manufacturing firms. Within the theoretical framework of dynamic capability theory and the imperative of sustainable development goals, this study investigates the influence of sustainable business models, crowdfunding, Industry 4.0 technologies, and stakeholders' pressure on the sustainable performance of manufacturing firms in Pakistan. Based on survey data from 370 small and medium enterprise owners and managers, our study utilized a hybrid approach by combining partial least squares–Structural equation modeling (SEM) and artificial neural networking techniques. The results emphasize a significant and positive impact of a sustainable business model on firm sustainability. Moreover, the findings reveal that Industry 4.0 technology and crowdfunding partially mediate the relationship between sustainable business models and sustainable performance, highlighting the significant role of advanced technologies and alternative financing. Besides, stakeholders' pressure emerges as a crucial moderator, further strengthening the relationship between sustainable business models and firm sustainability. This study advances knowledge of sustainable business actions within the firms and constitutes a valuable input for businesses, policymakers, and other stakeholders dedicated to enhancing sustainable growth in the manufacturing sector.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141608164","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}
Corporate sustainability is a multifaceted concept with different definitions and measures proposed by the literature and the standards. This study aims to develop and validate a scale of corporate sustainability implementation that can face the complexity and multidimensionality of the concept. Specifically, the scale was designed around four dimensions (governance, prosperity, planet, and people), a three‐level structure, and a formative approach. The scale validation process entailed the engagement of experts, a survey of 303 Italian firms, and a case study application. The findings highlight the nature of the third‐order construct of sustainability implementation and the relevance of adding the governance dimensions to the most spread triple bottom line approach. As a theoretical contribution, this study argues that the missed recognition of these features could originate differences in previous sustainability measures. Further studies would apply the scale to measure firm sustainability in different contexts and in relationship with relevant drivers and outcomes.
{"title":"Measuring corporate sustainability in its multidimensionality: A formative approach to integrate ESG and triple bottom line approaches","authors":"Silvia Cantele, Stefano Landi, Silvia Vernizzi","doi":"10.1002/bse.3872","DOIUrl":"https://doi.org/10.1002/bse.3872","url":null,"abstract":"Corporate sustainability is a multifaceted concept with different definitions and measures proposed by the literature and the standards. This study aims to develop and validate a scale of corporate sustainability implementation that can face the complexity and multidimensionality of the concept. Specifically, the scale was designed around four dimensions (governance, prosperity, planet, and people), a three‐level structure, and a formative approach. The scale validation process entailed the engagement of experts, a survey of 303 Italian firms, and a case study application. The findings highlight the nature of the third‐order construct of sustainability implementation and the relevance of adding the governance dimensions to the most spread triple bottom line approach. As a theoretical contribution, this study argues that the missed recognition of these features could originate differences in previous sustainability measures. Further studies would apply the scale to measure firm sustainability in different contexts and in relationship with relevant drivers and outcomes.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141602793","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}
Ajjaree Limpamont, Pichawadee Kittipanya‐ngam, Nopparuj Chindasombatcharoen, Harry Jay M. Cavite
Agriculture is a key economic driver but also a significant contributor to environmental challenges. Despite promotion, uptake of agricultural technologies remains low due to various challenges. This study explores challenges and solutions in the adoption of agricultural technology in Thailand, emphasising its positive impact on agri‐food sector sustainability. We developed a conceptual framework based on technology adoption literature review. Employing multiple case studies, our research uncovers challenges not only at the farmer level but also within the agricultural ecosystem level. Addressing these challenges requires comprehensive changes in physical, digital, and legal infrastructure. Solutions include reshaping farmer mindsets and enhancing awareness of technology benefits. Despite limitations to the agri‐food industry in Thailand, the study offers valuable insights for technology providers and policymakers, contributing to the literature on technology adoption by smallholder farmers. Our findings emphasise the need for sustainability strategies in the agri‐food sector through greater technology uptake to enhance environmental sustainability.
{"title":"Towards agri‐food industry sustainability: Addressing agricultural technology adoption challenges through innovation","authors":"Ajjaree Limpamont, Pichawadee Kittipanya‐ngam, Nopparuj Chindasombatcharoen, Harry Jay M. Cavite","doi":"10.1002/bse.3871","DOIUrl":"https://doi.org/10.1002/bse.3871","url":null,"abstract":"Agriculture is a key economic driver but also a significant contributor to environmental challenges. Despite promotion, uptake of agricultural technologies remains low due to various challenges. This study explores challenges and solutions in the adoption of agricultural technology in Thailand, emphasising its positive impact on agri‐food sector sustainability. We developed a conceptual framework based on technology adoption literature review. Employing multiple case studies, our research uncovers challenges not only at the farmer level but also within the agricultural ecosystem level. Addressing these challenges requires comprehensive changes in physical, digital, and legal infrastructure. Solutions include reshaping farmer mindsets and enhancing awareness of technology benefits. Despite limitations to the agri‐food industry in Thailand, the study offers valuable insights for technology providers and policymakers, contributing to the literature on technology adoption by smallholder farmers. Our findings emphasise the need for sustainability strategies in the agri‐food sector through greater technology uptake to enhance environmental sustainability.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141584246","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}
Leanne J. Morrison, Jing Jia, Mitali Panchal Arora
A lack of regulation around greenhouse gas (GHG) emissions has led Australian companies to employ arbitrary targets for measuring GHG emissions reduction, which are not translating to the level of emissions reduction required to meet global targets. Despite the well accepted urgency of climate change action, there is a gap in literature with no studies discussing the effectiveness of the various targets for measuring GHG emissions to meet global emission reduction goal. Using correlation and ordinary least squares (OLS) regression analysis, our study of Australian Stock Exchange listed companies shows that the targets suggested by Task Force on Climate‐related Financial Disclosure (TCFD) are the most closely associated with the required emissions reduction. The findings from this study advocate that organisations adopt TCFD recommendations for achieving optimal reduction of greenhouse gas emissions to meet the global targets. Our findings should inform policymakers and practice to align targets to the TCFD recommendations to meet the global emissions reduction commitments and mitigate the most severe impacts of climate change.
{"title":"Decoupling the climate walk from the climate talk: Evidence from Australia","authors":"Leanne J. Morrison, Jing Jia, Mitali Panchal Arora","doi":"10.1002/bse.3856","DOIUrl":"https://doi.org/10.1002/bse.3856","url":null,"abstract":"A lack of regulation around greenhouse gas (GHG) emissions has led Australian companies to employ arbitrary targets for measuring GHG emissions reduction, which are not translating to the level of emissions reduction required to meet global targets. Despite the well accepted urgency of climate change action, there is a gap in literature with no studies discussing the effectiveness of the various targets for measuring GHG emissions to meet global emission reduction goal. Using correlation and ordinary least squares (OLS) regression analysis, our study of Australian Stock Exchange listed companies shows that the targets suggested by Task Force on Climate‐related Financial Disclosure (TCFD) are the most closely associated with the required emissions reduction. The findings from this study advocate that organisations adopt TCFD recommendations for achieving optimal reduction of greenhouse gas emissions to meet the global targets. Our findings should inform policymakers and practice to align targets to the TCFD recommendations to meet the global emissions reduction commitments and mitigate the most severe impacts of climate change.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141584244","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}
Akriti Jain, Anjula Gurtoo, Elizabeth Eppinger, Pratheeba Vimalnath, Frank Tietze
Research on international technology transfer and partnership agreements provides a comprehensive understanding of country‐level impacts of intellectual property (IP) rights on sustainability transitions. However, firm‐level studies on how firms use and share their IP to support sustainability practices remains limited. The paper disentangles the relationship between firm‐level IP models and sustainability practices drawing from a cross‐case analysis of 28 firms offering sustainable innovations across four sectors. Analysis of firms' year‐wise data collected from 854 documents (typically 1996–2021) and 58 in‐depth interviews exploring linkage between IP models and sustainability practices of firms engaged in sustainable innovation provide six key findings: (a) emphasis on safeguarding registered and unregistered IP assets among firms with sustainable innovations; (b) widespread adoption of selectively open inbound IP models coupled with diverse IP sharing mechanisms; (c) a preference for collaborative (joint) IP ownership among internally driven firms, contrasting with a tendency for exclusive in‐licensing among those reacting to external pressures; (d) a divergence in outbound IP models, with internally motivated firms favouring selectively open approaches and externally driven firms favouring closed IP models; (e) the adoption of fully open outbound IP models democratize sustainable innovation diffusion; and (f) leveraging broadly open outbound IP models alongside closed or selectively open models balances widespread use with access control and achieves significant social sustainability. A framework is hence developed to guide technology‐sharing policies and procedures. Therefore, the paper creates a platform for prescribing sustainable IP incentives for encouraging firms to share IP for wider diffusion of sustainable innovations.
{"title":"Exploring the interplay between intellectual property models and sustainability transitions: A multi‐level analysis","authors":"Akriti Jain, Anjula Gurtoo, Elizabeth Eppinger, Pratheeba Vimalnath, Frank Tietze","doi":"10.1002/bse.3851","DOIUrl":"https://doi.org/10.1002/bse.3851","url":null,"abstract":"Research on international technology transfer and partnership agreements provides a comprehensive understanding of country‐level impacts of intellectual property (IP) rights on sustainability transitions. However, firm‐level studies on how firms use and share their IP to support sustainability practices remains limited. The paper disentangles the relationship between firm‐level IP models and sustainability practices drawing from a cross‐case analysis of 28 firms offering sustainable innovations across four sectors. Analysis of firms' year‐wise data collected from 854 documents (typically 1996–2021) and 58 in‐depth interviews exploring linkage between IP models and sustainability practices of firms engaged in sustainable innovation provide six key findings: (a) emphasis on safeguarding registered and unregistered IP assets among firms with sustainable innovations; (b) widespread adoption of selectively open inbound IP models coupled with diverse IP sharing mechanisms; (c) a preference for collaborative (joint) IP ownership among internally driven firms, contrasting with a tendency for exclusive in‐licensing among those reacting to external pressures; (d) a divergence in outbound IP models, with internally motivated firms favouring selectively open approaches and externally driven firms favouring closed IP models; (e) the adoption of fully open outbound IP models democratize sustainable innovation diffusion; and (f) leveraging broadly open outbound IP models alongside closed or selectively open models balances widespread use with access control and achieves significant social sustainability. A framework is hence developed to guide technology‐sharing policies and procedures. Therefore, the paper creates a platform for prescribing sustainable IP incentives for encouraging firms to share IP for wider diffusion of sustainable innovations.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141566151","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}
Angélica María Rodríguez García, Henar Alcalde‐Heras, Edurne A. Iñigo
Drawing on coopetition‐based and values‐based business model networks, we explore competitors' coevolutionary interactions to drive sustainability. Using a specialty coffee industry case study in Colombia, we propose an analytical framework for collaboration, leveraging resources to transform neglected industry values. We apply the congruence analysis method to compare theoretical expectations with empirical findings, providing rigorous evidence. Our study reveals that developing values‐based networks through coopetition allows collective problem resolution and offers new opportunities for value creation. This research contributes to coopetition and values‐based network theories, emphasizing practical implications for sustainability‐focused business models. By highlighting competitor collaboration intricacies, our study enhances our understanding of the dynamics of local markets.
{"title":"Exploring coopetition and value‐based networks in business models for sustainability—A case study of the specialty coffee industry in Colombia","authors":"Angélica María Rodríguez García, Henar Alcalde‐Heras, Edurne A. Iñigo","doi":"10.1002/bse.3878","DOIUrl":"https://doi.org/10.1002/bse.3878","url":null,"abstract":"Drawing on coopetition‐based and values‐based business model networks, we explore competitors' coevolutionary interactions to drive sustainability. Using a specialty coffee industry case study in Colombia, we propose an analytical framework for collaboration, leveraging resources to transform neglected industry values. We apply the congruence analysis method to compare theoretical expectations with empirical findings, providing rigorous evidence. Our study reveals that developing values‐based networks through coopetition allows collective problem resolution and offers new opportunities for value creation. This research contributes to coopetition and values‐based network theories, emphasizing practical implications for sustainability‐focused business models. By highlighting competitor collaboration intricacies, our study enhances our understanding of the dynamics of local markets.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141561184","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 paper provides a firm‐level perspective on sustainability transitions by analysing how government can use transition policy mixes to entice industry incumbents to adapt their business model to integrate sustainable technologies. It examines firm‐level barriers to policy implementation, why these exist, and how government can use transition policy mixes to overcome them. The empirical analysis provides an in‐depth case study of the UK Zero Carbon Homes (ZCH) as a transition policy mix and considers the point of view of policymakers and incumbent housebuilders. The paper sheds light on the question of how transition policy mix designs can support incumbents' business model adaptation to bring about transformational change for sustainability. The results show that the interaction between various policy shortcomings and business model adaptation barriers led to a failure of government to move the housebuilding sector towards a stronger integration of sustainable technologies. The paper concludes by arguing that decarbonising housing in the UK was a system failure, rather than a market or policy failure, as the government failed to address the underlying reasons of incumbents' resistance to changing their business model. The findings suggest that taking incumbents' business models into consideration while designing policies for sustainability transitions is necessary to entice established firms to actively take part in the process of transitions and adapt to new sustainable norms.
{"title":"Transition policy mixes and business model adaptation: Incumbent firms' response to zero‐carbon policy in the housing sector","authors":"Mina Rezaeian, Jonatan Pinkse, John Rigby","doi":"10.1002/bse.3870","DOIUrl":"https://doi.org/10.1002/bse.3870","url":null,"abstract":"This paper provides a firm‐level perspective on sustainability transitions by analysing how government can use transition policy mixes to entice industry incumbents to adapt their business model to integrate sustainable technologies. It examines firm‐level barriers to policy implementation, why these exist, and how government can use transition policy mixes to overcome them. The empirical analysis provides an in‐depth case study of the UK Zero Carbon Homes (ZCH) as a transition policy mix and considers the point of view of policymakers and incumbent housebuilders. The paper sheds light on the question of how transition policy mix designs can support incumbents' business model adaptation to bring about transformational change for sustainability. The results show that the interaction between various policy shortcomings and business model adaptation barriers led to a failure of government to move the housebuilding sector towards a stronger integration of sustainable technologies. The paper concludes by arguing that decarbonising housing in the UK was a system failure, rather than a market or policy failure, as the government failed to address the underlying reasons of incumbents' resistance to changing their business model. The findings suggest that taking incumbents' business models into consideration while designing policies for sustainability transitions is necessary to entice established firms to actively take part in the process of transitions and adapt to new sustainable norms.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141561298","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}
Syed Hussain Murtaza, Adnan Khan, Syed Muhammad Mustafa
This study delves into the relationship between green improvisational behavior (GIB), environmental orientation (EO), a green creative climate (GCC), and how they influence the environmental (EP) and social performance (SP) in the hotel industry. Through the perspective of stakeholder theory, the study examines how these factors work together to cultivate an atmosphere. The data was carefully collected through surveys at Pearl Continental Hotels & Resorts branches, a known chain of luxury hotels in Pakistan. Using Structural Equation Modeling for analysis, the study reveals insights for the hospitality industry in promoting a culture that encourages innovative and sustainable practices through environmentally friendly actions. By understanding what drives the development of an environment, hotels can create an organizational culture that supports eco‐friendly initiatives. Additionally, this research contributes to existing knowledge by investigating the role of focus in effectively implementing and utilizing practices that promote a green creative climate for improved environmental and social performance within the hotel industry. The results provide implications for practices within hotels and offer theoretical perspectives on the factors driving sustainability efforts in this sector.
本研究深入探讨了绿色即兴行为（GIB）、环境导向（EO）和绿色创意氛围（GCC）之间的关系，以及它们如何影响酒店业的环境（EP）和社会绩效（SP）。本研究通过利益相关者理论的视角，探讨了这些因素如何共同营造一种氛围。通过在巴基斯坦知名豪华连锁酒店 Pearl Continental Hotels & Resorts 分店进行调查，仔细收集了数据。本研究采用结构方程模型进行分析，揭示了酒店业在通过环保行动促进鼓励创新和可持续实践的文化方面的深刻见解。通过了解环境发展的驱动因素，酒店可以创建一种支持环保行动的组织文化。此外，本研究还调查了酒店业在有效实施和利用促进绿色创意氛围以提高环境和社会绩效的实践中，重点所扮演的角色，从而为现有知识做出了贡献。研究结果为酒店内部的实践提供了启示，并为推动该行业可持续发展的因素提供了理论视角。
{"title":"Eco‐centric success: Stakeholder approaches to sustainable performance via green improvisation behavior and environmental orientation in the hotel industry","authors":"Syed Hussain Murtaza, Adnan Khan, Syed Muhammad Mustafa","doi":"10.1002/bse.3860","DOIUrl":"https://doi.org/10.1002/bse.3860","url":null,"abstract":"This study delves into the relationship between green improvisational behavior (GIB), environmental orientation (EO), a green creative climate (GCC), and how they influence the environmental (EP) and social performance (SP) in the hotel industry. Through the perspective of stakeholder theory, the study examines how these factors work together to cultivate an atmosphere. The data was carefully collected through surveys at Pearl Continental Hotels & Resorts branches, a known chain of luxury hotels in Pakistan. Using Structural Equation Modeling for analysis, the study reveals insights for the hospitality industry in promoting a culture that encourages innovative and sustainable practices through environmentally friendly actions. By understanding what drives the development of an environment, hotels can create an organizational culture that supports eco‐friendly initiatives. Additionally, this research contributes to existing knowledge by investigating the role of focus in effectively implementing and utilizing practices that promote a green creative climate for improved environmental and social performance within the hotel industry. The results provide implications for practices within hotels and offer theoretical perspectives on the factors driving sustainability efforts in this sector.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141553333","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}
Maria Gebhardt, Anne Schneider, Florian Siedler, Philipp Ottenstein, Henning Zülch
Climate‐related issues have become increasingly relevant, as reflected in current political and academic discourse. This development is also reflected in investors' capital allocation decisions and their demand for climate‐related information. Considering the recommendations of the Task Force on Climate‐related Financial Disclosures (TCFD), we first investigate the climate‐related disclosure quality of listed German firms. We use self‐constructed scoring models based on the TCFD recommendations to measure disclosure quality. Second, we use regression analysis to investigate whether corporate governance can explain climate‐related disclosure quality. The results indicate that disclosure quality is heavily dispersed across firms, with risk disclosure being better than disclosure of opportunities. Corporate governance factors exert distinct but mostly weak influence on climate‐related disclosure quality and that institutional ownership promotes climate‐related disclosure quality. We show several implications for research and practice and highlight the relevance for firms to implement a comprehensive approach to communicating climate‐related issues.
{"title":"Climate reporting in the fast lane? The impact of corporate governance on the disclosure of climate‐related risks and opportunities","authors":"Maria Gebhardt, Anne Schneider, Florian Siedler, Philipp Ottenstein, Henning Zülch","doi":"10.1002/bse.3852","DOIUrl":"https://doi.org/10.1002/bse.3852","url":null,"abstract":"Climate‐related issues have become increasingly relevant, as reflected in current political and academic discourse. This development is also reflected in investors' capital allocation decisions and their demand for climate‐related information. Considering the recommendations of the Task Force on Climate‐related Financial Disclosures (TCFD), we first investigate the climate‐related disclosure quality of listed German firms. We use self‐constructed scoring models based on the TCFD recommendations to measure disclosure quality. Second, we use regression analysis to investigate whether corporate governance can explain climate‐related disclosure quality. The results indicate that disclosure quality is heavily dispersed across firms, with risk disclosure being better than disclosure of opportunities. Corporate governance factors exert distinct but mostly weak influence on climate‐related disclosure quality and that institutional ownership promotes climate‐related disclosure quality. We show several implications for research and practice and highlight the relevance for firms to implement a comprehensive approach to communicating climate‐related issues.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141545949","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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