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Assessing the Impact of Board Sustainability Committees on Greenhouse Gas Performance: Evidence From Industrialised European Countries 评估董事会可持续发展委员会对温室气体绩效的影响:来自工业化欧洲国家的证据
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-27 DOI: 10.1002/bse.4073
Emmanuel A. Morrison, Douglas A. Adu, Guo Yongsheng, Danson Kimani, Vida Y. Saa
This study examines the impact of executive compensation (EC) and board sustainability integration index (BSII) on both greenhouse gas emissions (GHGE) and greenhouse gas management processes (GGMP). Additionally, it investigates the relationship between GGMP and GHGE to assess the effectiveness of process‐oriented measures in reducing actual emissions. Through the lens of legitimacy theory and incentive alignment theory, we harness an extensive dataset encompassing 15,876 firm‐year observations across 22 industrialised European countries from 2002 to 2022. First, the findings show that although EC positively correlates with enhanced GGMP, it has an insignificant effect on GHGE reduction. Second, the results suggest that although BSII independently bolster sustainability initiatives, the moderating effect of BSII on EC (EC*BSII) may lead to a legitimacy gap. This gap emerges when the relationship of EC and BSII falls short of societal expectations regarding environmental performance, potentially eroding organisational legitimacy. Third, the findings indicate that firms that engage in GGMP also tend to have higher levels of GHGE, pointing to the use of GGMP by firms as a means of symbolic legitimation.
本研究考察了高管薪酬(EC)和董事会可持续性整合指数(BSII)对温室气体排放(GHGE)和温室气体管理过程(GGMP)的影响。此外,本文还研究了GGMP和GHGE之间的关系,以评估过程导向措施在减少实际排放方面的有效性。通过合法性理论和激励一致性理论的视角,我们利用了一个广泛的数据集,其中包括2002年至2022年22个工业化欧洲国家的15,876家公司的年度观察结果。首先,研究结果表明,虽然EC与GGMP的增强呈正相关,但对GHGE的减少作用不显著。第二,研究结果表明,尽管BSII独立地促进了可持续发展举措,但BSII对EC (EC*BSII)的调节作用可能导致合法性缺口。当欧共体和BSII的关系达不到社会对环境绩效的期望时,这种差距就会出现,这可能会侵蚀组织的合法性。第三,研究结果表明,从事GGMP的公司也倾向于拥有更高水平的温室气体排放,这表明公司将GGMP作为一种象征性的合法化手段。
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引用次数: 0
Advancing Sustainable Development Through Environmental Performance Monitoring: The Organisational Life Cycle Assessment 通过环境绩效监测促进可持续发展:组织生命周期评估
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-27 DOI: 10.1002/bse.4115
Salik Ahmed, Marco Ciro Liscio, Paolo Sospiro, Irene Voukkali, Antonis A. Zorpas
The growing importance of sustainability poses significant challenges to companies, particularly micro, small, and medium enterprises (MSMEs). Product life cycle assessment focuses on individual products, often leaving MSMEs without a complete picture of their overall environmental impact, especially within complex and long value chains. Organisational Life Cycle Assessment (OLCA) appears to be a valid approach to address these challenges by assessing all activities within an organisation. OLCA offers a comprehensive view of an organisation’s sustainability performance, overcoming the challenges often faced by MSMEs, such as resource constraints and challenges within the value chain when adopting product LCA. By integrating OLCA with product LCA, companies can gain a more holistic understanding of their environmental impacts, improving both environmental assessments and ethical business conduct. The findings of this research assess OLCA’s presence in literature and industry, exploring its content and practical applications demonstrated through case studies. It emerges that the adoption and use of the methodology have great potential especially for small and medium enterprises, as they are often left outside the comprehensive view of the life cycle of a single product, making it difficult for these companies to approach environmental performance monitoring. Therefore, the OLCA could address this gap, becoming a reference approach for companies that need to disclose about environmental impact. Due to its relatively recent nature, companies still struggle with its adoption. Scientific research on this, therefore, becomes crucial in its spread and adoption, stressing the benefits and limitations, as well as providing evidence of case studies. This paper aims to address this gap and pone itself as a cornerstone for future researchers to pursue on this path and for companies to foster a broader, offering a dual perspective with product LCA.
可持续发展的重要性日益增加,对公司,特别是微型、小型和中型企业(MSMEs)提出了重大挑战。产品生命周期评估侧重于单个产品,往往使中小微企业无法全面了解其整体环境影响,特别是在复杂和长价值链中。通过评估组织内的所有活动,组织生命周期评估(OLCA)似乎是解决这些挑战的有效方法。OLCA提供了组织可持续发展绩效的全面视图,克服了中小微企业在采用产品LCA时经常面临的挑战,例如资源限制和价值链中的挑战。通过将OLCA与产品LCA相结合,公司可以更全面地了解其环境影响,从而改善环境评估和道德商业行为。本研究的结果评估了OLCA在文学和工业中的存在,通过案例研究探索了其内容和实际应用。这种方法的采用和使用具有巨大的潜力,特别是对中小型企业来说,因为它们经常被排除在单一产品生命周期的全面视野之外,使这些公司难以进行环境绩效监测。因此,OLCA可以弥补这一差距,成为需要披露环境影响的公司的参考方法。由于其相对较新的性质,公司仍在努力采用它。因此,这方面的科学研究对其传播和采用至关重要,强调其好处和局限性,并提供案例研究的证据。本文旨在解决这一差距,并将其本身作为未来研究人员在这条道路上追求的基石,并为公司提供更广泛的产品LCA的双重视角。
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引用次数: 0
Correction to “The Impact of Research and Development Internationalisation on Environmental, Social and Governance: Evidence From Emerging Market Multinational Enterprises” 对“研发国际化对环境、社会和治理的影响:来自新兴市场跨国企业的证据”的修正
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-26 DOI: 10.1002/bse.4113
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引用次数: 0
Correction to Supply Chain Transformative Capabilities and Their Microfoundations for Circular Economy Transition: A Qualitative Study in Made in Italy Sectors 供应链变革能力的修正及其循环经济转型的微观基础:意大利制造部门的定性研究
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-26 DOI: 10.1002/bse.4127
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引用次数: 0
Stakeholder Green Pressure and Enviropreneurial Marketing: Insights From Japanese SMEs 利益相关者绿色压力与环境创业营销:来自日本中小企业的启示
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-26 DOI: 10.1002/bse.4110
Rohit H. Trivedi, Jayesh Patel, Kyoko Fukukawa
Despite the recent growth in research on analysing the influence of stakeholders' green pressure on firm performance, our understanding of the subject seems limited, especially regarding the positive and negative influence of many internal and external stakeholders and the mediating roles of environmental orientation and commitment. Analysing primary data from 317 Japanese SMEs, we found that environmental orientation has negative while environmental commitment positively influences firm performance. Besides, the findings also show that green pressure from regulators, competitors, non‐governmental organisations (NGOs) and employees significantly influences the market and financial performance, followed by a discussion of relevant theoretical and practical implications.
尽管最近在分析利益相关者的绿色压力对企业绩效的影响方面的研究有所增长,但我们对这一主题的理解似乎有限,特别是关于许多内部和外部利益相关者的积极和消极影响以及环境取向和承诺的中介作用。通过分析日本317家中小企业的原始数据,我们发现环境取向对企业绩效有负向影响,而环境承诺对企业绩效有正向影响。此外,研究结果还表明,来自监管机构、竞争对手、非政府组织(ngo)和员工的绿色压力显著影响市场和财务绩效,随后讨论了相关的理论和实践意义。
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引用次数: 0
Coping With Procedural Uncertainty: Firms' Procedural Framings and Political Strategies in the Context of Switzerland's Mission‐Driven Energy Policy 应对程序不确定性:瑞士使命驱动型能源政策背景下企业的程序框架和政治策略
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-25 DOI: 10.1002/bse.4116
Emmanuelle Reuter, Florian Überbacher
The “green energy” futures advanced in recent mission‐driven (environmental) policies (MDPs) entail considerable procedural uncertainties, leaving the concrete means through which firms may achieve such futures underspecified. Exploring how incumbents address such procedural uncertainty and how this impacts their political strategies, we conducted a comparative case study of Switzerland's four leading electric utilities' interpretations and policymaking influences during the formulation phase of Switzerland's mission‐driven “EnergieStrategie 2050” policy. We inductively developed a novel cultural‐cognitive perspective, which suggests that incumbents mobilize “procedural framing” (past‐future vs. future‐present framing) for coping with procedural uncertainties of a novel MDP. If incumbents mobilize a past‐future (vs. future‐present) framing, they regard the proposed MDP as threat (rather than an opportunity) and resist (rather than support) the policy with their policymaking influences. Our study contributes to the organizational literature on MDPs, to corporate political strategies, and to the organizational literature on future‐oriented meaning‐making.
在最近的任务驱动(环境)政策(MDPs)中,“绿色能源”期货带来了相当大的程序不确定性,这使得企业实现这种期货的具体手段没有明确规定。为了探索现有企业如何应对这种程序上的不确定性,以及这种不确定性如何影响他们的政治战略,我们对瑞士四家领先的电力公司在瑞士使命驱动的“能源战略2050”政策制定阶段的解释和政策制定影响进行了比较案例研究。我们归纳发展了一种新的文化认知视角,表明在职者动员“程序框架”(过去-未来与未来-现在框架)来应对新MDP的程序不确定性。如果在职者动员过去-未来(与未来-现在)的框架,他们将民主党的提议视为威胁(而不是机会),并以他们的决策影响力抵制(而不是支持)政策。我们的研究对MDPs的组织文献、公司政治战略的组织文献以及面向未来的意义制定的组织文献都有贡献。
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引用次数: 0
Mapping the Nexus: A Bibliometric Analysis and Social Network Analysis of Transformative Innovation Policies and Sustainable Development Goals 映射关系:变革创新政策和可持续发展目标的文献计量分析和社会网络分析
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-24 DOI: 10.1002/bse.4104
Pasquale Marcello Falcone, Ilaria Tutore
The pursuit of sustainable development has become a critical global objective, especially in light of increasing global challenges. The United Nations Sustainable Development Goals (SDGs), established in 2015, aim to address poverty, protect the environment, and ensure prosperity for all. Transformative innovation policies (TIPs) are emerging as vital strategies in achieving these goals by fostering systemic change rather than incremental improvements. TIPs are distinct because they seek to instigate profound transformations in sectors, societies, and economies, focusing on collaboration among diverse stakeholders. This manuscript aims to provide a comprehensive literature review and social network analysis to understand and highlights the interplay between TIPs and SDGs and elucidate business and management roles in advancing this global agenda. By analyzing existing research and visualizing the relationships within the literature, this study highlights the significant role of TIPs in advancing SDGs. The findings emphasize the necessity of innovative, inclusive, and purpose‐driven approaches to reshape society toward sustainable and equitable development.
追求可持续发展已成为一项重要的全球目标,特别是在全球挑战日益增多的情况下。2015年设立的联合国可持续发展目标(sdg)旨在消除贫困、保护环境并确保所有人的繁荣。变革性创新政策(TIPs)正在成为通过促进系统性变革而不是渐进式改进来实现这些目标的重要战略。TIPs的独特之处在于,它们寻求推动部门、社会和经济的深刻变革,侧重于不同利益相关者之间的合作。本文旨在提供全面的文献综述和社会网络分析,以理解和强调TIPs和可持续发展目标之间的相互作用,并阐明商业和管理在推进这一全球议程中的作用。通过分析现有研究和可视化文献中的关系,本研究强调了TIPs在推进可持续发展目标中的重要作用。研究结果强调了采用创新、包容和目标驱动的方法重塑社会以实现可持续和公平发展的必要性。
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引用次数: 0
Industrial Consumers Switching to Green Energy? An Application of the Theory of Market Choice Behaviour and Business Strategy 工业消费者转向绿色能源?市场选择行为理论与企业战略的应用
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-24 DOI: 10.1002/bse.4093
Deepak Sangroya, Yatish Joshi, Reeti Agarwal, Rsha Alghafes
Strategic green energy adoption by industrial customers could effectively address the worsening situation of the environment, which has largely impacted the well‐being of humans. To promote an understanding of the behaviour of the industrial green energy consumer and the impact of green energy strategy, this paper examines how multidimensional green perceived value (GPV) constructs relate to loyalty through customer satisfaction and perceived switching cost. The proposed conceptual model was empirically validated through data gathered from cross‐sectional responses of industrial energy consumers using green energy strategies for their business operations. Results indicated that GPV is a multidimensional formative higher‐order construct formed by social value, emotional value, functional value, and conditional value dimensions. Further, GPV impacts customer loyalty positively via the mediating effect of customer satisfaction and perceived switching costs. The current study found that an industrial consumer voluntarily uses green energy due to financial incentives alone, while social and emotional dimensions also play a major part in tactical decision‐making related to the implementation of green energy strategy.
工业客户战略性地采用绿色能源可以有效地解决日益恶化的环境状况,这在很大程度上影响了人类的福祉。为了促进对工业绿色能源消费者行为和绿色能源战略影响的理解,本文研究了多维绿色感知价值(GPV)结构如何通过客户满意度和感知转换成本与忠诚度相关。通过收集工业能源消费者在其业务运营中使用绿色能源战略的横截面响应数据,对所提出的概念模型进行了实证验证。结果表明,GPV是由社会价值、情感价值、功能价值和条件价值四个维度构成的多维形成性高阶结构。此外,GPV通过顾客满意和感知转换成本的中介作用正向影响顾客忠诚。目前的研究发现,工业消费者自愿使用绿色能源仅仅是因为经济激励,而社会和情感维度在与实施绿色能源战略相关的战术决策中也起着重要作用。
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引用次数: 0
The Reputation Effect of Repeated Green‐Bond Issuance and Its Impact on the Cost of Capital 绿色债券重复发行的声誉效应及其对资金成本的影响
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-24 DOI: 10.1002/bse.4111
Aleksandar Petreski, Dorothea Schäfer, Andreas Stephan
This study explores the effect of frequent green‐bond issuance on a firm's financing costs. Using a sample of listed Swedish real estate companies issuing a total of 1074 bonds over the period from 2011 to 2021, difference‐in‐differences analyses and instrumental variable estimations are applied to identify the causal impact of frequent green‐bond vis‐à‐vis frequent non‐green‐bond issuance on a firm's cost of capital and credit rating. The paper argues that repetitive issuance lowers a firm's cost of capital, while the effects of first or one‐time green‐bond issuance are the opposite. In line with the reputation capital hypothesis, issuing green bonds even lowers the firm's cost of equity capital, while issuing non‐green bonds does not affect the cost of equity.
本研究探讨了频繁发行绿色债券对企业融资成本的影响。本文以2011年至2021年期间共发行1074只债券的瑞典上市房地产公司为样本,采用异中之差分析和工具变量估计来确定频繁发行绿色债券与频繁发行非绿色债券对公司资本成本和信用评级的因果影响。本文认为,重复发行会降低企业的资金成本,而首次或一次性发行绿色债券的效果恰恰相反。根据声誉资本假说,发行绿色债券甚至降低了企业的权益资本成本,而发行非绿色债券并不影响权益成本。
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引用次数: 0
Bridging the Gap Between Legitimacy and Voluntary Disclosure Theory and Current Corporate Nonfinancial Reporting Practices: Insights From Japanese Companies 弥合合法性和自愿披露理论与当前公司非财务报告实践之间的差距:来自日本公司的见解
IF 13.4 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-24 DOI: 10.1002/bse.4119
Kimitaka Nishitani, Jin Dong Park, Mohammad Badrul Haider
The purpose of this study is to bridge the gap between conventional assumptions of legitimacy and voluntary disclosure theories and current practices of corporate nonfinancial reporting. The analysis conducts regressions using data on 244 Japanese companies in 2019 to clarify whether the triadic relationship between a company's nonfinancial reporting motivation and practices and user information satisfaction is consistent. It contributes to the literature by showing that conventional assumptions have limitations in explaining the triadic relationship and identifying the mechanism underpinning how corporate nonfinancial reporting functions. First, although companies are more motivated by financial accountability than legitimacy in nonfinancial reporting, these motivations are not directly opposing, but are instead relative. Second, even when the financial accountability and legitimacy motivations are clear, they do not consistently satisfy user information needs. Finally, companies fulfil the financial accountability role only after they fulfil the legitimacy role.
本研究的目的是弥合传统的合法性假设和自愿披露理论与当前公司非财务报告实践之间的差距。该分析使用2019年244家日本公司的数据进行回归,以澄清公司非财务报告动机和实践与用户信息满意度之间的三元关系是否一致。它通过表明传统假设在解释三位一体关系和确定支撑公司非财务报告功能的机制方面具有局限性,从而有助于文献。首先,尽管公司在非财务报告中更多地受到财务问责的激励,而不是合法性的激励,但这些动机并不是直接对立的,而是相对的。其次,即使财务问责制和合法性动机很明确,它们也不能始终满足用户的信息需求。最后,企业只有在履行了合法性角色之后,才能履行财务问责角色。
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引用次数: 0
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Business Strategy and The Environment
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