Nidhi Yadav, Sunil Luthra, Dixit Garg, Sanjeet Singh
The Agriculture Supply Chain (ASC) faced significant pressure to implement Net‐Zero Strategies (NZSs) from consumer organizations, social and environmental campaigners, agro‐based businesses, and legislators. Blockchain Technology (BCT) has been introduced to tackle the current challenges in the ASC, due to its ability to improve food security, lower waste, and reduce carbon dioxide emissions. Therefore, this research is conducted to identify the enablers of BCT implementation for NZSs in the Indian ASC. We use an integrated “TISM‐Grey‐DEMATEL‐Fuzzy MICMAC" approach to stimulate identified enablers. TISM results indicate that Transparency and Traceability are the most important enablers that drive other enablers and are placed at the bottom of the model. Grey‐DEMATEL results indicate that traceability is the most important cause enabler which drives other enablers and is classified into independent enablers based on MICMAC clustering. The interaction between enablers will support the ASC specialist in persuading firms to implement BCT in their supply chains to incorporate NZSs. At the end of this paper, to establish the groundwork for additional research studies, the unique contributions and limitations of this research are highlighted.
{"title":"Development of a framework for blockchain technology‐based net zero strategies in the agriculture supply chain: A TISM and Grey‐DEMATEL approach","authors":"Nidhi Yadav, Sunil Luthra, Dixit Garg, Sanjeet Singh","doi":"10.1002/bse.4054","DOIUrl":"https://doi.org/10.1002/bse.4054","url":null,"abstract":"The Agriculture Supply Chain (ASC) faced significant pressure to implement Net‐Zero Strategies (NZSs) from consumer organizations, social and environmental campaigners, agro‐based businesses, and legislators. Blockchain Technology (BCT) has been introduced to tackle the current challenges in the ASC, due to its ability to improve food security, lower waste, and reduce carbon dioxide emissions. Therefore, this research is conducted to identify the enablers of BCT implementation for NZSs in the Indian ASC. We use an integrated “TISM‐Grey‐DEMATEL‐Fuzzy MICMAC\" approach to stimulate identified enablers. TISM results indicate that Transparency and Traceability are the most important enablers that drive other enablers and are placed at the bottom of the model. Grey‐DEMATEL results indicate that traceability is the most important cause enabler which drives other enablers and is classified into independent enablers based on MICMAC clustering. The interaction between enablers will support the ASC specialist in persuading firms to implement BCT in their supply chains to incorporate NZSs. At the end of this paper, to establish the groundwork for additional research studies, the unique contributions and limitations of this research are highlighted.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"17 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142642552","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}
Maha M. Tantawy, David J. A. Foord, Eduardo Jimenez‐Moro, Panagiotis Piperopoulos, Jeffrey J. McNally
At one hand, while research on entrepreneurial orientation (EO) continues to proliferate, only recently has attention been drawn to the individual entrepreneurial orientation (IEO) level. On the other hand, although organizational learning (OL) explains how organizations explore and exploit knowledge to enhance their innovation and performance, limited research has investigated the relationship between EO and OL. In this study, we develop and empirically test in an established Canadian energy provider a framework on the IEO‐OL‐performance relationship. We find that employees' innovative orientation and risk‐taking propensity are more positively related to exploratory learning, while proactive employees are more geared towards exploitative learning. We further unveil that exploitative learning is more positively related to continuous improvement than explorative learning. Our findings add to scant literature on the IEO‐OL‐performance relationship and provide managerial insights for energy sector firms on how IEO can assist with their transformational business strategies towards green and clean energy supply.
{"title":"Continuous improvement strategies towards energy transition: The importance of individual employees' entrepreneurial orientation and learning processes","authors":"Maha M. Tantawy, David J. A. Foord, Eduardo Jimenez‐Moro, Panagiotis Piperopoulos, Jeffrey J. McNally","doi":"10.1002/bse.4026","DOIUrl":"https://doi.org/10.1002/bse.4026","url":null,"abstract":"At one hand, while research on entrepreneurial orientation (EO) continues to proliferate, only recently has attention been drawn to the individual entrepreneurial orientation (IEO) level. On the other hand, although organizational learning (OL) explains how organizations explore and exploit knowledge to enhance their innovation and performance, limited research has investigated the relationship between EO and OL. In this study, we develop and empirically test in an established Canadian energy provider a framework on the IEO‐OL‐performance relationship. We find that employees' innovative orientation and risk‐taking propensity are more positively related to exploratory learning, while proactive employees are more geared towards exploitative learning. We further unveil that exploitative learning is more positively related to continuous improvement than explorative learning. Our findings add to scant literature on the IEO‐OL‐performance relationship and provide managerial insights for energy sector firms on how IEO can assist with their transformational business strategies towards green and clean energy supply.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"69 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142610728","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}
Karina D. Véliz, Claudia Pabón‐Pereira, Jeffrey P. Walters, Javiera Fernandez
The construction sector remains a significant contributor to global climate change, accounting for one‐third of global greenhouse gas emissions as well as a substantial portion of solid waste. In response to this pressing crisis, the adoption of circular business models (CBMs) emerges as a way to avoid negative environmental impacts. This study sought to model the interconnected factors influencing future CBM implementation in the Chilean construction industry using a system dynamics modeling approach. By engaging 20 sector experts in a system modeling workshop, it was possible to model and analyze these interconnected factors as a CBM System. The structural analysis of the resulting CBM system model revealed the triumvirate importance of information dissemination, certification of projects and products, and professional training and education. Recommendations for policy and practice that successfully leverage these mechanisms center on a three‐pronged approach of combining effective stakeholder collaboration, technological innovation, and thoughtful product certification frameworks. Overall, a systems thinking and modeling approach, such as the one applied here, is essential for identifying the complex interactions between enablers and barriers that promote or inhibit sustainable transformation in the construction industry in Chile and beyond.
{"title":"Applying circular business models in the Chilean construction sector: A system dynamics perspective","authors":"Karina D. Véliz, Claudia Pabón‐Pereira, Jeffrey P. Walters, Javiera Fernandez","doi":"10.1002/bse.4052","DOIUrl":"https://doi.org/10.1002/bse.4052","url":null,"abstract":"The construction sector remains a significant contributor to global climate change, accounting for one‐third of global greenhouse gas emissions as well as a substantial portion of solid waste. In response to this pressing crisis, the adoption of circular business models (CBMs) emerges as a way to avoid negative environmental impacts. This study sought to model the interconnected factors influencing future CBM implementation in the Chilean construction industry using a system dynamics modeling approach. By engaging 20 sector experts in a system modeling workshop, it was possible to model and analyze these interconnected factors as a CBM System. The structural analysis of the resulting CBM system model revealed the triumvirate importance of information dissemination, certification of projects and products, and professional training and education. Recommendations for policy and practice that successfully leverage these mechanisms center on a three‐pronged approach of combining effective stakeholder collaboration, technological innovation, and thoughtful product certification frameworks. Overall, a systems thinking and modeling approach, such as the one applied here, is essential for identifying the complex interactions between enablers and barriers that promote or inhibit sustainable transformation in the construction industry in Chile and beyond.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"33 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142599292","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}
There is increasing attention on the topic of collaboration for sustainable food supply chains (SFSCs), with increasingly contributing journals and publications every year. The urgency of this topic is even more highlighted due to the COVID‐19 pandemic and the more recent energy and food crisis. Hence, the field needs to have a good portrait of the ongoing research in this area and to better understand future research directions to enable optimized future strategic plans and problem‐solving capability of effective collaboration for SFSCs. This paper reviews, analyses, and synthesizes the current state of research into collaboration for SFSCs. We examine a sample of 528 articles identified from the Scopus and Web of Science databases using bibliometric analysis methodology. We identify four research clusters: collaboration and sustainable supply chain management, emerging markets and resilience, digital technologies, and perishable food products. This paper clarifies interrelated themes and identifies a range of topic areas that still demand further investigation.
可持续食品供应链（SFSCs）合作这一主题日益受到关注，每年都有越来越多的期刊和出版物发表相关文章。由于 COVID-19 大流行以及最近的能源和粮食危机，这一主题的紧迫性更加突出。因此，该领域需要对这一领域正在进行的研究有一个很好的了解，并更好地理解未来的研究方向，以优化未来的战略计划和有效合作的 SFSCs 解决问题的能力。本文回顾、分析并综合了当前针对可持续发展社区服务中心合作的研究现状。我们采用文献计量分析方法，对 Scopus 和 Web of Science 数据库中的 528 篇文章进行了抽样研究。我们确定了四个研究集群：协作与可持续供应链管理、新兴市场与复原力、数字技术和易腐食品。本文阐明了相互关联的主题，并确定了一系列仍需进一步研究的主题领域。
{"title":"Collaboration for the sustainable food supply chain: A bibliometric analysis","authors":"Linh Nguyen Khanh Duong, Vikas Kumar, Qile He","doi":"10.1002/bse.4051","DOIUrl":"https://doi.org/10.1002/bse.4051","url":null,"abstract":"There is increasing attention on the topic of collaboration for sustainable food supply chains (SFSCs), with increasingly contributing journals and publications every year. The urgency of this topic is even more highlighted due to the COVID‐19 pandemic and the more recent energy and food crisis. Hence, the field needs to have a good portrait of the ongoing research in this area and to better understand future research directions to enable optimized future strategic plans and problem‐solving capability of effective collaboration for SFSCs. This paper reviews, analyses, and synthesizes the current state of research into collaboration for SFSCs. We examine a sample of 528 articles identified from the Scopus and Web of Science databases using bibliometric analysis methodology. We identify four research clusters: collaboration and sustainable supply chain management, emerging markets and resilience, digital technologies, and perishable food products. This paper clarifies interrelated themes and identifies a range of topic areas that still demand further investigation.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"6 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142601954","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 evaluates the influencing factors and disparities between web‐based and annual report channels for environmental, social and governance (ESG) disclosures by small and medium‐sized enterprises (SMEs). In contrast to the prevalent use of case‐studies in the context of SMEs, a quantitative study was conducted by performing a content analysis of the websites and annual reports of 100 manufacturing SMEs in Italy. Based on the collected evidence, SMEs exhibited a higher level of web‐based disclosures compared to annual reports. These disclosure channels appear to be independent of each other, with financial resources significantly influencing the quality of annual reports (i.e. profitability as a proxy) and size impacting information available on websites (i.e. turnover as a proxy). Both channels may be explained by the resource‐based view, while agency characteristics (such as having a Big Four external auditor or board size) have a relevant effect on the overall voluntary ESG disclosure score.
{"title":"Do SMEs have an ESG communication strategy? Exploring the quality and influencing factors of voluntary ESG disclosures using web‐based and annual report channels","authors":"Andrea Cardoni, Evgeniia Kiseleva","doi":"10.1002/bse.4038","DOIUrl":"https://doi.org/10.1002/bse.4038","url":null,"abstract":"This paper evaluates the influencing factors and disparities between web‐based and annual report channels for environmental, social and governance (ESG) disclosures by small and medium‐sized enterprises (SMEs). In contrast to the prevalent use of case‐studies in the context of SMEs, a quantitative study was conducted by performing a content analysis of the websites and annual reports of 100 manufacturing SMEs in Italy. Based on the collected evidence, SMEs exhibited a higher level of web‐based disclosures compared to annual reports. These disclosure channels appear to be independent of each other, with financial resources significantly influencing the quality of annual reports (i.e. profitability as a proxy) and size impacting information available on websites (i.e. turnover as a proxy). Both channels may be explained by the resource‐based view, while agency characteristics (such as having a Big Four external auditor or board size) have a relevant effect on the overall voluntary ESG disclosure score.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"10 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142599301","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}
Rafael Mora‐Contreras, Javier Carrillo‐Hermosilla, Giovanni Hernández‐Salazar, Luz Elba Torres‐Guevara, Andrés Mejia‐Villa, Marta Ormazabal
Despite progress in the literature in understanding the relationships between barriers, drivers, and features of eco‐innovations (EIs) to promote the circular economy (CE) and improve companies' sustainability results, the evidence remains limited and diffuse. To address this gap, we investigate the effect of barriers, sources of information, and features of innovations and EIs on manufacturing companies' CE and sustainability performance. This longitudinal study used official Colombian government data from 3144 manufacturing companies (2015–2020), considering partial least squares structural equation modeling. Our results reveal that developing or adopting (eco‐) innovations with incremental features could cause a blockage in implementing high‐level CE and in improving their overall sustainability performance. Similarly, radical (eco‐) innovations need more evidence to clarify their impacts on CE and sustainability. Finally, we show that the improvement in environmental and CE performance attributed to (eco‐) innovations has a significant and positive impact on the company's economics.
尽管在理解生态创新（EIs）的障碍、驱动因素和特征之间的关系以促进循环经济（CE）和改善公司的可持续发展成果方面，文献取得了进展，但证据仍然有限且分散。为了弥补这一不足，我们研究了创新和生态创新的障碍、信息来源和特征对制造企业的循环经济和可持续发展绩效的影响。这项纵向研究使用了哥伦比亚政府的官方数据，这些数据来自 3144 家制造企业（2015-2020 年），研究采用了偏最小二乘法结构方程模型。我们的研究结果表明，开发或采用具有渐进特征的（生态）创新可能会阻碍企业实施高层次的企业行为准则和提高其整体可持续发展绩效。同样，激进的（生态）创新也需要更多的证据来说明其对行政首长协调会和可持续性的影响。最后，我们表明，（生态）创新带来的环境和 CE 绩效的改善对公司的经济效益有显著的积极影响。
{"title":"Eco‐innovation for circular economy and sustainability performance: Insights and evidence from manufacturing firms","authors":"Rafael Mora‐Contreras, Javier Carrillo‐Hermosilla, Giovanni Hernández‐Salazar, Luz Elba Torres‐Guevara, Andrés Mejia‐Villa, Marta Ormazabal","doi":"10.1002/bse.4046","DOIUrl":"https://doi.org/10.1002/bse.4046","url":null,"abstract":"Despite progress in the literature in understanding the relationships between barriers, drivers, and features of eco‐innovations (EIs) to promote the circular economy (CE) and improve companies' sustainability results, the evidence remains limited and diffuse. To address this gap, we investigate the effect of barriers, sources of information, and features of innovations and EIs on manufacturing companies' CE and sustainability performance. This longitudinal study used official Colombian government data from 3144 manufacturing companies (2015–2020), considering partial least squares structural equation modeling. Our results reveal that developing or adopting (eco‐) innovations with incremental features could cause a blockage in implementing high‐level CE and in improving their overall sustainability performance. Similarly, radical (eco‐) innovations need more evidence to clarify their impacts on CE and sustainability. Finally, we show that the improvement in environmental and CE performance attributed to (eco‐) innovations has a significant and positive impact on the company's economics.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"95 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142596472","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}
The turbulent conditions of the external environment have placed unprecedented pressure on firms, drawing management scholars' attention to organizational resilience. This research aims to study if complexity, uncertainty, and munificence influence organizational resilience in terms of long‐term firm survival. We performed a binary logistic regression using a database of 1,849 Italian joint‐stock firms between 2014 and 2020, of which 89 received public funds as compensation for damages caused by natural disasters. We found that munificence in the context where firms operate is likely to increase their survival in the long term compared to the peers together with turnover, however, context complexity and uncertainty have not been found significant. The results shed light on the role of the context as an antecedent of organizational resilience.
{"title":"The influence of complexity, uncertainty, and munificence on long‐term organizational resilience to natural disasters","authors":"Federica Gasbarro, Antonio Tencati","doi":"10.1002/bse.4055","DOIUrl":"https://doi.org/10.1002/bse.4055","url":null,"abstract":"The turbulent conditions of the external environment have placed unprecedented pressure on firms, drawing management scholars' attention to organizational resilience. This research aims to study if complexity, uncertainty, and munificence influence organizational resilience in terms of long‐term firm survival. We performed a binary logistic regression using a database of 1,849 Italian joint‐stock firms between 2014 and 2020, of which 89 received public funds as compensation for damages caused by natural disasters. We found that munificence in the context where firms operate is likely to increase their survival in the long term compared to the peers together with turnover, however, context complexity and uncertainty have not been found significant. The results shed light on the role of the context as an antecedent of organizational resilience.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"151 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142598018","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}
Drawing upon the institutional approach of legitimacy theory and Hofstede's cultural model, this study (a) examines the improvement of integrated thinking (IT) after applying integrated reporting (IR) policies, (b) compares the policy effects in policy‐driven adoption and voluntary adoption and (c) explores the cross‐country differences from the perspective of culture and policy convergence. We collect data from countries with corporate governance codes encouraging IR (i.e., Australia, Japan and Malaysia). We first use a difference‐in‐differences (DID) design to compare policy‐driven adoption with voluntary adoption in each country. Then, we use the treatment‐effect model to examine the influence of culture and policy convergence. The DID results indicate an increase in IT after applying IR policies, but the effect of IR policies on promoting IT is limited in policy‐driven adoption. The treatment effect model results show that power distance and uncertainty avoidance will promote IR adoption, and long‐term orientation and detailed guidance can mitigate the worse performance in policy‐driven adoption. Our suggestions may help countries adjust their IR policy to improve policy effectiveness based on different cultural settings. Furthermore, our study provides quantitative evidence of the relationship between policy‐driven IR and IT and innovative insights into the cross‐country analysis for further IR research.
{"title":"Policy‐driven integrated reporting and integrated thinking: A cross‐country analysis","authors":"Xinyu Zhao, Mohamed Omran","doi":"10.1002/bse.4036","DOIUrl":"https://doi.org/10.1002/bse.4036","url":null,"abstract":"Drawing upon the institutional approach of legitimacy theory and Hofstede's cultural model, this study (a) examines the improvement of integrated thinking (IT) after applying integrated reporting (IR) policies, (b) compares the policy effects in policy‐driven adoption and voluntary adoption and (c) explores the cross‐country differences from the perspective of culture and policy convergence. We collect data from countries with corporate governance codes encouraging IR (i.e., Australia, Japan and Malaysia). We first use a difference‐in‐differences (DID) design to compare policy‐driven adoption with voluntary adoption in each country. Then, we use the treatment‐effect model to examine the influence of culture and policy convergence. The DID results indicate an increase in IT after applying IR policies, but the effect of IR policies on promoting IT is limited in policy‐driven adoption. The treatment effect model results show that power distance and uncertainty avoidance will promote IR adoption, and long‐term orientation and detailed guidance can mitigate the worse performance in policy‐driven adoption. Our suggestions may help countries adjust their IR policy to improve policy effectiveness based on different cultural settings. Furthermore, our study provides quantitative evidence of the relationship between policy‐driven IR and IT and innovative insights into the cross‐country analysis for further IR research.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"28 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142596532","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}
Kingsley E. Dogah, Presley K. Wesseh, Samuel Adomako
Despite extensive research on the impact of green policies on firm growth and performance, there has been little effort dedicated to understanding the effect of green credit policies on firms.In this article, we fill this gap by investigating the effect of green credit policy on financial performance. Additionally, we examine the moderating role of technological innovation in this relationship. Using data from listed companies in the energy sector, our findings reveal that green credit policies negatively affect financial performance. However, this negative impact is ameliorated at a high level of technological innovation (e.g., high‐technology and green patents). Specifically, the mechanism analysis reveals enterprises with high‐tech invention patents convey positive prospects to investors, whereas green patents signal firms' green innovation capabilities, thereby attracting external financing. Moreover, our findings revealed that environmental performance attenuates the negative effect of green credit policy on financial performance.Our heterogeneity analysis reveals that invention patents significantly benefit the financial performance of state‐owned and large enterprises in the traditional energy sector, whereas green patents have a positive effect in the new energy sector, predominantly for non‐state‐owned and smaller companies. These findings offer both theoretical and policy implications for sustainability research and practice.
{"title":"Green credit policy, technological innovation, and corporate financial performance: Evidence from the energy industry","authors":"Kingsley E. Dogah, Presley K. Wesseh, Samuel Adomako","doi":"10.1002/bse.4041","DOIUrl":"https://doi.org/10.1002/bse.4041","url":null,"abstract":"Despite extensive research on the impact of green policies on firm growth and performance, there has been little effort dedicated to understanding the effect of green credit policies on firms.In this article, we fill this gap by investigating the effect of green credit policy on financial performance. Additionally, we examine the moderating role of technological innovation in this relationship. Using data from listed companies in the energy sector, our findings reveal that green credit policies negatively affect financial performance. However, this negative impact is ameliorated at a high level of technological innovation (e.g., high‐technology and green patents). Specifically, the mechanism analysis reveals enterprises with high‐tech invention patents convey positive prospects to investors, whereas green patents signal firms' green innovation capabilities, thereby attracting external financing. Moreover, our findings revealed that environmental performance attenuates the negative effect of green credit policy on financial performance.Our heterogeneity analysis reveals that invention patents significantly benefit the financial performance of state‐owned and large enterprises in the traditional energy sector, whereas green patents have a positive effect in the new energy sector, predominantly for non‐state‐owned and smaller companies. These findings offer both theoretical and policy implications for sustainability research and practice.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"244 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142596528","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}
The present study evaluates how the joint implementation of circular economy (CE) and operational excellence (OE) practices supported by the adoption of industry 4.0 technologies (Internet of Things and Big Data Analytics) influence manufacturing firms' operational performance and environmental sustainability. Drawing from the paradox theory, it also investigates the moderating role of managing paradoxical tensions arising from these implementations. To test the hypothesized relationships, survey data are collected from 147 Indian manufacturing firms implementing CE, OE practices, and internet of things (IoT) and big data analytics (BDA)‐enabled digital systems. The data are analyzed using structural equation modeling and moderated mediation analysis. Results indicate a direct significant effect of adoption of IoT and BDA‐enabled digital systems on operational performance and environmental sustainability, and partial mediation by CE and OE implementations, respectively. There is a strong moderation of managing paradoxical tensions on the impact of CE and OE implementations on performance. Additionally, the conditional indirect effect of CE implementations on the environmental sustainability outcomes of the IoT and BDA adoption increases with greater effort in managing paradoxical tensions. The study answers the call for empirical research on the organizational tensions that surface due to conflicting demands of initiatives related to operational efficiency and environmental sustainability.
本研究评估了在采用工业 4.0 技术（物联网和大数据分析）的支持下，联合实施循环经济（CE）和卓越运营（OE）实践如何影响制造企业的运营绩效和环境可持续性。本研究还借鉴了悖论理论，探讨了管理这些实施过程中产生的矛盾张力的调节作用。为了检验假设的关系，本研究从 147 家实施消费电子、原始设备实践以及物联网（IoT）和大数据分析（BDA）数字系统的印度制造企业收集了调查数据。数据采用结构方程模型和调节中介分析法进行分析。结果表明，采用物联网和 BDA 数字系统对运营绩效和环境可持续性有直接显着影响，而 CE 和 OE 的实施分别对其有部分中介作用。管理自相矛盾的紧张关系对 CE 和 OE 实施对绩效的影响有很强的调节作用。此外，随着在管理矛盾张力方面做出更大努力，行政首长协调会的实施对物联网和 BDA 采用的环境可持续性结果的条件间接影响也会增加。这项研究响应了对组织紧张关系进行实证研究的呼吁，这种紧张关系是由于与运营效率和环境可持续性相关的举措的需求相互冲突而产生的。
{"title":"Digitalization for circular economy and operational excellence practices: A paradox theory perspective on performance improvement in manufacturing firms","authors":"Anupama Prashar, Atanu Chaudhuri","doi":"10.1002/bse.4031","DOIUrl":"https://doi.org/10.1002/bse.4031","url":null,"abstract":"The present study evaluates how the joint implementation of circular economy (CE) and operational excellence (OE) practices supported by the adoption of industry 4.0 technologies (Internet of Things and Big Data Analytics) influence manufacturing firms' operational performance and environmental sustainability. Drawing from the paradox theory, it also investigates the moderating role of managing paradoxical tensions arising from these implementations. To test the hypothesized relationships, survey data are collected from 147 Indian manufacturing firms implementing CE, OE practices, and internet of things (IoT) and big data analytics (BDA)‐enabled digital systems. The data are analyzed using structural equation modeling and moderated mediation analysis. Results indicate a direct significant effect of adoption of IoT and BDA‐enabled digital systems on operational performance and environmental sustainability, and partial mediation by CE and OE implementations, respectively. There is a strong moderation of managing paradoxical tensions on the impact of CE and OE implementations on performance. Additionally, the conditional indirect effect of CE implementations on the environmental sustainability outcomes of the IoT and BDA adoption increases with greater effort in managing paradoxical tensions. The study answers the call for empirical research on the organizational tensions that surface due to conflicting demands of initiatives related to operational efficiency and environmental sustainability.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"80 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2024-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142596527","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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