Grounded in both agency and upper echelons perspectives, this paper examines the effects of chief executive officer (CEO) narcissism and power on corporate reporting on the Sustainable Development Goals (SDGs). We theorise that CEOs' narcissistic tendencies and power will influence their firms' SDGs engagement and reporting practices. We also examine whether SDGs reporting affects firm performance. Based on a sample of FTSE 100 companies for the period 2018–2022, we test our ideas using generalised estimating equations. The results show that CEO narcissism is positively related to SDGs reporting; however, this effect is weaker in firms led by older narcissistic CEOs. Further, CEO power is negatively associated with SDGs reporting, suggesting that firms led by powerful CEOs are reluctant to integrate the SDGs. Finally, corporate SDGs reporting lacks any value‐enhancing effect on firm performance, supporting the symbolic perspective of sustainability management. Our results contribute to the literature on SDGs accounting and enrich our understanding of the underlying dynamics shaping corporate disclosure practices.
{"title":"Chief executive officer narcissism, power and sustainable development goals reporting: An empirical analysis","authors":"Benjamin Awuah, Hany Elbardan, Hassan Yazdifar","doi":"10.1002/bse.3889","DOIUrl":"https://doi.org/10.1002/bse.3889","url":null,"abstract":"Grounded in both agency and upper echelons perspectives, this paper examines the effects of chief executive officer (CEO) narcissism and power on corporate reporting on the Sustainable Development Goals (SDGs). We theorise that CEOs' narcissistic tendencies and power will influence their firms' SDGs engagement and reporting practices. We also examine whether SDGs reporting affects firm performance. Based on a sample of FTSE 100 companies for the period 2018–2022, we test our ideas using generalised estimating equations. The results show that CEO narcissism is positively related to SDGs reporting; however, this effect is weaker in firms led by older narcissistic CEOs. Further, CEO power is negatively associated with SDGs reporting, suggesting that firms led by powerful CEOs are reluctant to integrate the SDGs. Finally, corporate SDGs reporting lacks any value‐enhancing effect on firm performance, supporting the symbolic perspective of sustainability management. Our results contribute to the literature on SDGs accounting and enrich our understanding of the underlying dynamics shaping corporate disclosure practices.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141755223","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}
Sofia Garcia‐Torres, Marta Rey‐Garcia, Josune Sáenz
Traceability and transparency are essential for sustainability in complex global supply chains (SCs), but they remain elusive goals in practice. Scholars and practitioners consistently advocate collaboration amongst SC stakeholders as a means of enhancing them, yet little is known regarding their interrelation and contribution to sustainability. We adopt the SC practice‐based view (SCPV) to propose and test an explanatory model elucidating how to deploy collaboration, traceability and transparency to achieve triple bottom line (TBL) performance within global SCs. Focusing on the paramount example of complex fashion‐apparel SCs, we analyse the insights gained from 139 suppliers—typically ignored in favour of focal firms—using Partial Least Squares Structural Equations Modelling. Our results provide a concrete battery of not‐necessarily complex or inimitable activities empirically proven to help put traceability and transparency into practice to achieve TBL performance. The SCPV approach contends that everyday practices, activities and relationships amongst SC stakeholders underpin TBL performance.
{"title":"Enhancing sustainable supply chains through traceability, transparency and stakeholder collaboration: A quantitative analysis","authors":"Sofia Garcia‐Torres, Marta Rey‐Garcia, Josune Sáenz","doi":"10.1002/bse.3884","DOIUrl":"https://doi.org/10.1002/bse.3884","url":null,"abstract":"Traceability and transparency are essential for sustainability in complex global supply chains (SCs), but they remain elusive goals in practice. Scholars and practitioners consistently advocate collaboration amongst SC stakeholders as a means of enhancing them, yet little is known regarding their interrelation and contribution to sustainability. We adopt the SC practice‐based view (SCPV) to propose and test an explanatory model elucidating how to deploy collaboration, traceability and transparency to achieve triple bottom line (TBL) performance within global SCs. Focusing on the paramount example of complex fashion‐apparel SCs, we analyse the insights gained from 139 suppliers—typically ignored in favour of focal firms—using Partial Least Squares Structural Equations Modelling. Our results provide a concrete battery of not‐necessarily complex or inimitable activities empirically proven to help put traceability and transparency into practice to achieve TBL performance. The SCPV approach contends that everyday practices, activities and relationships amongst SC stakeholders underpin TBL performance.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141755221","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}
Assessment and reporting has been recognised as one of the key drivers for sustainability in organisations; however, most organisations' reports fall short of sustainability guidelines and the available sustainability assessment and reporting (SAR) frameworks have been limited by several issues. The aim of this paper is to develop and test a rapid sustainability in organisations framework that includes all the sustainability dimensions and their interactions using a manageable number of indicators. A survey was developed to investigate the impacts and contribution of organisations to sustainability, where 224 full responses were obtained. The responses were analysed using descriptive analysis, Friedman tests, analyses of variance, ratio analyses, and correlations. The results show that organisations still address sustainability through compartmentalisation and skewed to the social dimension of sustainability. The results also show that the understanding of SAR in practice in organisations is more advanced regarding sustainability interrelations than the available frameworks and theoretical discourses. The ratio analyses provide a more complete understanding than a ranking analysis. Easier and faster SAR can help better address the dimensions of sustainability and their interrelations, as well as the positive and negative contributions, in order to avoid reinforcing limited and incomplete sustainability efforts. The proposed framework (Tool for Rapid Assessment of Sustainability in Organisations [TRASO]) can serve as a first step for organisations to detect strong and weak points in their sustainability efforts by providing a rapid, balanced and holistic assessment of sustainability issues, which can, in turn, help in the decision‐making process in becoming more sustainable.
{"title":"Developing and testing a Tool for Rapid Assessment of Sustainability in Organisations","authors":"Rodrigo Lozano, María Barreiro‐Gen","doi":"10.1002/bse.3875","DOIUrl":"https://doi.org/10.1002/bse.3875","url":null,"abstract":"Assessment and reporting has been recognised as one of the key drivers for sustainability in organisations; however, most organisations' reports fall short of sustainability guidelines and the available sustainability assessment and reporting (SAR) frameworks have been limited by several issues. The aim of this paper is to develop and test a rapid sustainability in organisations framework that includes all the sustainability dimensions and their interactions using a manageable number of indicators. A survey was developed to investigate the impacts and contribution of organisations to sustainability, where 224 full responses were obtained. The responses were analysed using descriptive analysis, Friedman tests, analyses of variance, ratio analyses, and correlations. The results show that organisations still address sustainability through compartmentalisation and skewed to the social dimension of sustainability. The results also show that the understanding of SAR in practice in organisations is more advanced regarding sustainability interrelations than the available frameworks and theoretical discourses. The ratio analyses provide a more complete understanding than a ranking analysis. Easier and faster SAR can help better address the dimensions of sustainability and their interrelations, as well as the positive and negative contributions, in order to avoid reinforcing limited and incomplete sustainability efforts. The proposed framework (Tool for Rapid Assessment of Sustainability in Organisations [TRASO]) can serve as a first step for organisations to detect strong and weak points in their sustainability efforts by providing a rapid, balanced and holistic assessment of sustainability issues, which can, in turn, help in the decision‐making process in becoming more sustainable.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141732629","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 study examines the impact of environmental, social, and governance (ESG) performance on the value and risk‐taking behavior of listed commercial banks in emerging market economies (EMEs). The study analyzes a comprehensive sample of 178 commercial banks listed in the top 20 emerging markets from 2015 to 2021. The study employs the System generalized method of moments (GMM) with Arellano‐Bond estimation to address the endogeneity issue. The results indicate that banks with higher ESG disclosure scores are linked to reduced risks for commercial banks such as insolvency, leverage, and liquidity risks, in line with shareholder theory. Furthermore, the results demonstrate that sample banks with higher ESG disclosure scores show better accounting (ROE and ROA) and market (Tobin's Q) performance, supporting both agency theory and resource‐based theory. The robustness tests validate the consistency of the results.
{"title":"Does ESG performance impact value and risk‐taking by commercial banks? Evidence from emerging market economies","authors":"Mayank Gangwani, Smita Kashiramka","doi":"10.1002/bse.3882","DOIUrl":"https://doi.org/10.1002/bse.3882","url":null,"abstract":"The study examines the impact of environmental, social, and governance (ESG) performance on the value and risk‐taking behavior of listed commercial banks in emerging market economies (EMEs). The study analyzes a comprehensive sample of 178 commercial banks listed in the top 20 emerging markets from 2015 to 2021. The study employs the System generalized method of moments (GMM) with Arellano‐Bond estimation to address the endogeneity issue. The results indicate that banks with higher ESG disclosure scores are linked to reduced risks for commercial banks such as insolvency, leverage, and liquidity risks, in line with shareholder theory. Furthermore, the results demonstrate that sample banks with higher ESG disclosure scores show better accounting (ROE and ROA) and market (Tobin's Q) performance, supporting both agency theory and resource‐based theory. The robustness tests validate the consistency of the results.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141730565","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 study develops a reference model for managing inland logistics operations with a focus on environmental sustainability. As global supply chains face the imperative of integrating environmental practices, inland logistics operators are pivotal in this transition. Utilizing fuzzy‐DEMATEL analysis, the research identifies key management concepts and their interrelationships, highlighting strategic and operational management as the most significant. The approach distinguishes between causal and effectual concepts, prioritizing actions and resources for a dynamic management system.Actionable strategies derived from the findings prompt inland logistics operators to focus on process management as a primary tool for implementing strategic objectives. The model suggests that environmental management, while critical, is not perceived as a priority in Polish inland transport, indicating a potential area for further development. The study's practical implications underscore the need for logistics operators to integrate this reference model, enhancing operational efficiency and addressing environmental standards.Theoretically, the research enriches logistics management literature by offering a robust framework that operationalizes management concepts within inland logistics. By advancing the methodological application of fuzzy‐DEMATEL, the study provides a new lens for examining management dynamics. The reference model's emphasis on environmental sustainability contributes to the theoretical understanding of sustainable logistics practices.In sum, the research offers a comprehensive framework for inland logistics operators, balancing environmental sustainability with operational efficiency. It serves as a guide for future research and practical application, setting a new direction for sustainable logistics management.
{"title":"Strategic integration of environmental sustainability in inland logistics: A multi‐criteria decision‐making approach","authors":"Jędrzej Charłampowicz, Cezary Mańkowski, Tarik Saikouk","doi":"10.1002/bse.3885","DOIUrl":"https://doi.org/10.1002/bse.3885","url":null,"abstract":"This study develops a reference model for managing inland logistics operations with a focus on environmental sustainability. As global supply chains face the imperative of integrating environmental practices, inland logistics operators are pivotal in this transition. Utilizing fuzzy‐DEMATEL analysis, the research identifies key management concepts and their interrelationships, highlighting strategic and operational management as the most significant. The approach distinguishes between causal and effectual concepts, prioritizing actions and resources for a dynamic management system.Actionable strategies derived from the findings prompt inland logistics operators to focus on process management as a primary tool for implementing strategic objectives. The model suggests that environmental management, while critical, is not perceived as a priority in Polish inland transport, indicating a potential area for further development. The study's practical implications underscore the need for logistics operators to integrate this reference model, enhancing operational efficiency and addressing environmental standards.Theoretically, the research enriches logistics management literature by offering a robust framework that operationalizes management concepts within inland logistics. By advancing the methodological application of fuzzy‐DEMATEL, the study provides a new lens for examining management dynamics. The reference model's emphasis on environmental sustainability contributes to the theoretical understanding of sustainable logistics practices.In sum, the research offers a comprehensive framework for inland logistics operators, balancing environmental sustainability with operational efficiency. It serves as a guide for future research and practical application, setting a new direction for sustainable logistics management.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141726159","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 study explores the motivations driving responsible consumption in Vietnam, a collectivistic and populous Asian developing country. Specifically, on the basis of value‐belief‐norm (VBN) theory, it focuses on the direct effects of personal values (biospheric, altruistic, and egoistic values) on green product purchase intent. The empirical collectivistic cultural context of Vietnam was utilized, with data collected from 806 consumers across 35 cities. The study reveals that biospheric values predominantly drive purchase intent for green products; however, the magnitude of egoistic values, particularly health concerns, varies significantly across product categories. Regarding altruistic values, they do not appear to be salient among Vietnamese consumers. Additionally, the environmental motive can act as a mediator between health motive and purchase intent. This indirect effect is particularly strong in the case of organic food. Based on these findings, the authors derive managerial and academic implications.
{"title":"What drives responsible consumption in collectivistic developing countries? An analysis of Vietnamese consumers' motivations with value–belief–norm theory","authors":"Thuy‐Phuong Nguyen, S. Dekhili","doi":"10.1002/bse.3879","DOIUrl":"https://doi.org/10.1002/bse.3879","url":null,"abstract":"This study explores the motivations driving responsible consumption in Vietnam, a collectivistic and populous Asian developing country. Specifically, on the basis of value‐belief‐norm (VBN) theory, it focuses on the direct effects of personal values (biospheric, altruistic, and egoistic values) on green product purchase intent. The empirical collectivistic cultural context of Vietnam was utilized, with data collected from 806 consumers across 35 cities. The study reveals that biospheric values predominantly drive purchase intent for green products; however, the magnitude of egoistic values, particularly health concerns, varies significantly across product categories. Regarding altruistic values, they do not appear to be salient among Vietnamese consumers. Additionally, the environmental motive can act as a mediator between health motive and purchase intent. This indirect effect is particularly strong in the case of organic food. Based on these findings, the authors derive managerial and academic implications.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":12.5,"publicationDate":"2024-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141830323","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}
Natural cosmetics offer the opportunity to reduce the environmental burden caused by the consumption of cosmetic products. This qualitative study analyzes the local range of natural cosmetics and related consumer perceptions and assessments in two case cities in Germany by applying a mixed‐method approach of store checks and the photovoice method. Results of the study show that there is only a limited match of the actual range and consumer perception for some types of retail businesses and a mismatch for product categories. Additionally, participants showed little awareness of the most common natural cosmetic certifications. Consumer assessments about the range of natural cosmetics were influenced by factors such as the arrangement of products in the shops and consumers' experience and knowledge about natural cosmetic brands. Retailers can use the study results in arranging natural cosmetics accordingly; companies can use it to emphasize branding, and policy‐makers can increase consumer knowledge about natural cosmetics.
{"title":"The local range of natural cosmetics: Consumer perceptions and assessments in Germany","authors":"Julia Ruf, Klaus Menrad, Agnes Emberger‐Klein","doi":"10.1002/bse.3862","DOIUrl":"https://doi.org/10.1002/bse.3862","url":null,"abstract":"Natural cosmetics offer the opportunity to reduce the environmental burden caused by the consumption of cosmetic products. This qualitative study analyzes the local range of natural cosmetics and related consumer perceptions and assessments in two case cities in Germany by applying a mixed‐method approach of store checks and the photovoice method. Results of the study show that there is only a limited match of the actual range and consumer perception for some types of retail businesses and a mismatch for product categories. Additionally, participants showed little awareness of the most common natural cosmetic certifications. Consumer assessments about the range of natural cosmetics were influenced by factors such as the arrangement of products in the shops and consumers' experience and knowledge about natural cosmetic brands. Retailers can use the study results in arranging natural cosmetics accordingly; companies can use it to emphasize branding, and policy‐makers can increase consumer knowledge about natural cosmetics.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141726160","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}
Chengbin Qin, Aimaitijiang Ailikamujiang, Tao Jing
This study investigates the impact of green entrepreneurial orientation (GEO) on firm performance through green innovation and green entrepreneurship image with the moderating influence of green value co‐creation. In recent years, the incorporation of sustainability and entrepreneurship into company plans has gained significance, and understanding the processes through which these aspects effect firm outcomes is critical. This study employed survey methodology to collect data from the Chinese manufacturing firms. The analysis was done on 383 finalized responses through SPSS and AMOS. The findings show that GEO has a positive impact on firm performance through green innovation and green entrepreneurship image. Furthermore, green value co‐creation moderates the relationship between GEO and green innovation, suggesting the importance of external stakeholders in facilitating the firm GEO. This study emphasizes the multidimensional nature of the link between GEO and firm performance, emphasizing the significance of taking both mediating and moderating factors into account. It adds to the growing body of knowledge on sustainability, entrepreneurship, and corporate success by offering a comprehensive framework that captures the subtle interplay of these elements. The findings have implications for firms looking to capitalize on the benefits of GEO and green innovation while also acknowledging the need of collaborative value co‐creation in gaining long‐term competitive advantage.
{"title":"How green entrepreneurial orientation leads to business success? A resource base and resource dependency perspectives","authors":"Chengbin Qin, Aimaitijiang Ailikamujiang, Tao Jing","doi":"10.1002/bse.3877","DOIUrl":"https://doi.org/10.1002/bse.3877","url":null,"abstract":"This study investigates the impact of green entrepreneurial orientation (GEO) on firm performance through green innovation and green entrepreneurship image with the moderating influence of green value co‐creation. In recent years, the incorporation of sustainability and entrepreneurship into company plans has gained significance, and understanding the processes through which these aspects effect firm outcomes is critical. This study employed survey methodology to collect data from the Chinese manufacturing firms. The analysis was done on 383 finalized responses through SPSS and AMOS. The findings show that GEO has a positive impact on firm performance through green innovation and green entrepreneurship image. Furthermore, green value co‐creation moderates the relationship between GEO and green innovation, suggesting the importance of external stakeholders in facilitating the firm GEO. This study emphasizes the multidimensional nature of the link between GEO and firm performance, emphasizing the significance of taking both mediating and moderating factors into account. It adds to the growing body of knowledge on sustainability, entrepreneurship, and corporate success by offering a comprehensive framework that captures the subtle interplay of these elements. The findings have implications for firms looking to capitalize on the benefits of GEO and green innovation while also acknowledging the need of collaborative value co‐creation in gaining long‐term competitive advantage.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":12.5,"publicationDate":"2024-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141832361","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}
Because of the ever‐increasing pressure on producers to adopt environmentally responsible industrial practices, remanufacturing has emerged as a key strategy to address the challenges of resource conservation and waste reduction. In this paper, we address a conspicuous research gap regarding innovative and large‐scale circular solutions in the form of remanufacturing systems. We investigate how the private sector can build widespread remanufacturing networks to handle waste from the appliance industry. Starting from a successful case study of a leading Italian distributor of spare parts, our analysis expands their existing business model and inductively develops an original framework for regional remanufacturing. Our resulting model encompasses a centralised hub specialised in high‐tech data management and supply‐chain logistics, coupled with two tiers of remanufacturing labs and repairers, diffusing triple‐bottom‐line benefits throughout the local territory. We discuss the generalisability of such a centralised/decentralised model and propose avenues for the policy support of systemic circular innovations.
{"title":"Scaling up a circular business model for remanufacturing: A case study of a sustainable value creation strategy for the white goods industry","authors":"Franzè Claudia, Paolucci Emilio, Ravetti Chiara","doi":"10.1002/bse.3873","DOIUrl":"https://doi.org/10.1002/bse.3873","url":null,"abstract":"Because of the ever‐increasing pressure on producers to adopt environmentally responsible industrial practices, remanufacturing has emerged as a key strategy to address the challenges of resource conservation and waste reduction. In this paper, we address a conspicuous research gap regarding innovative and large‐scale circular solutions in the form of <jats:italic>remanufacturing systems</jats:italic>. We investigate how the private sector can build widespread remanufacturing networks to handle waste from the appliance industry. Starting from a successful case study of a leading Italian distributor of spare parts, our analysis expands their existing business model and inductively develops an original framework for regional remanufacturing. Our resulting model encompasses a centralised hub specialised in high‐tech data management and supply‐chain logistics, coupled with two tiers of remanufacturing labs and repairers, diffusing triple‐bottom‐line benefits throughout the local territory. We discuss the generalisability of such a centralised/decentralised model and propose avenues for the policy support of systemic circular innovations.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141631495","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}
Ahmed A. Elamer, Mounia Boulhaga, Bassam A. Ibrahim
In this study, we examine how managers in firms that have practiced tax avoidance strategically use sustainability activities together with their tax avoidance practices. More specifically, we investigate the moderating impact of ESG on the association between tax avoidance and firm value. Using a sample of French‐listed companies during the years 2012–2021, we hypothesized and found that ESG rating negatively and significantly moderates the relationship between corporate tax avoidance and firm market valuation. Overall, our results suggest that investors reward firms for good ESG performance, perceiving such companies as more valuable. However, when these firms engage in higher tax liabilities, the positive effect of ESG on firm value is slightly reduced. This nuanced insight highlights the importance of considering how tax strategies interact with ESG initiatives in shaping overall firm value. This study, thus, provides theoretical and practical consequences that will encourage businesses and politicians to promote sustainable development. Our findings remain robust to an array of tests, including a number of different tax avoidance measures and potential endogeneity problems.
{"title":"Corporate tax avoidance and firm value: The moderating role of environmental, social, and governance (ESG) ratings","authors":"Ahmed A. Elamer, Mounia Boulhaga, Bassam A. Ibrahim","doi":"10.1002/bse.3881","DOIUrl":"https://doi.org/10.1002/bse.3881","url":null,"abstract":"In this study, we examine how managers in firms that have practiced tax avoidance strategically use sustainability activities together with their tax avoidance practices. More specifically, we investigate the moderating impact of ESG on the association between tax avoidance and firm value. Using a sample of French‐listed companies during the years 2012–2021, we hypothesized and found that ESG rating negatively and significantly moderates the relationship between corporate tax avoidance and firm market valuation. Overall, our results suggest that investors reward firms for good ESG performance, perceiving such companies as more valuable. However, when these firms engage in higher tax liabilities, the positive effect of ESG on firm value is slightly reduced. This nuanced insight highlights the importance of considering how tax strategies interact with ESG initiatives in shaping overall firm value. This study, thus, provides theoretical and practical consequences that will encourage businesses and politicians to promote sustainable development. Our findings remain robust to an array of tests, including a number of different tax avoidance measures and potential endogeneity problems.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141631500","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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