Business Strategy and The Environment最新文献

Li Q, Li J, Luo Y. The impact of research and development internationalisation on environmental, social and governance: Evidence from emerging market multinational enterprises[J]. Business Strategy and the Environment. https://onlinelibrary.wiley.com/doi/abs/10.1002/bse.3824.

In page 14 of the “ACKNOWLEDGEMENTS” section, the text “Finally, we acknowledge the financial support of Key Project of Zhejiang Soft Science Research Program (2022C25018) and Key Cultivation Research Center of Philosophy and Social Sciences of Zhejiang Province: Digital Innovation and Global Value Chain Upgrading, Zhejiang Gongshang University, which provided grants for this research (Grants SQP2023-002 and SQP2023-005)”was incorrect.

We missed a piece of project funding information, that is “National Natural Science Foundation of China (Grant No. 72402212).”

Thus, the correct one is “Finally, we acknowledge the financial support of National Natural Science Foundation of China (Grant No. 72402212), Key Project of Zhejiang Soft Science Research Program (2022C25018) and Key Cultivation Research Center of Philosophy and Social Sciences of Zhejiang Province: Digital Innovation and Global Value Chain Upgrading, Zhejiang Gongshang University, which provided grants for this research (Grants SQP2023-002 and SQP2023-005).”

We apologize for this error.

Nacchiero, R., Massari, G. F., & Giannoccaro, I. (2024). Supply Chain Transformative Capabilities and Their Microfoundations for Circular Economy Transition: A Qualitative Study in Made in Italy sectors. Business Strategy and the Environment, 33(8), 2719–2719. https://doi.org/10.1002/bse.3939.

The funding statement for this article was missing. The below funding statement has been added to the Acknowledgments section of the article:

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.

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.

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.

This study investigates the direct and reverse relationships among environmental benefits, eco-innovation, and business model innovation (BMI), emphasizing the role of national and foreign cooperation among firms. We employed a structural equation model using data from the 2014 European Community Innovation Survey (CIS), the most recent survey to include questions on firms' environmental activities and eco-innovations. We studied 6827 firms from the Czech Republic (2363), Germany (3264), and Greece (1200). Findings confirm reverse relationships between eco-innovation and BMI and between eco-innovation and environmental benefits. This study challenges the notion that (foreign) cooperation positively impacts eco-innovation, highlighting a paradox that warrants further investigation. Additionally, we emphasize the reliance of companies on cooperative partners for BMI. Our results underscore the need for a holistic approach to eco-innovation in light of increasing global environmental challenges. Practical implications include heightened environmental awareness, adjustments to corporate business models, and enhanced cooperation within the analyzed countries.

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.

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.