Business Strategy and the Environment

ABSTRACT Climate‐related risks and opportunities have become a central concern for companies as climate change increasingly affects business models, value chains, and long‐term competitiveness. However, limited evidence exists about how corporations confront the attendant practical and strategic challenges of climate‐related risk and opportunity disclosure. Empirical evidence remains limited on h…

ABSTRACT This research explores the drivers of eco‐innovation adoption in multinational companies operating in Moroccan free zones. Using semi‐structured interviews with 24 organizations, we examine the relationship between external influence and internal capabilities in eco‐innovation projects. Through employing Atlas.ti for systematic coding and analysis, this study demonstrates a hierarchical …

ABSTRACT This study adopts a mixed‐method approach to examine the key drivers of perceived value for refurbished products in rapidly expanding electronic marketplaces. Through in‐depth interviews and focus groups, key antecedents are identified, followed by conceptual model testing using the stimulus–organism–response framework. Quantitative analysis is conducted using covariance‐based structural…

ABSTRACT This study investigates how ESG decoupling influences reputational risk and examines the moderating role of green innovation. Using 1482 firm‐year observations from globally listed consumer services companies (2015–2023), the findings reveal that while ESG decoupling may provide short‐term reputational relief, it ultimately undermines transparency and stakeholder trust. Green innovation …

ABSTRACT This study examines the effects of green supply chain management (GSCM) dimensions on economic performance and their indirect impact through supply chain resilience in Ethiopian manufacturing firms. Survey data from 306 companies were analyzed using structural equation modeling. Results indicate that green manufacturing and other GSCM practices improve economic performance, both directly…

ABSTRACT This study investigates how directors with environmental protection (EP) backgrounds influence corporate biodiversity concern (BIO) among Chinese A‐share listed firms from 2008 to 2023. Drawing on Upper Echelons Theory, we argue that directors' environmental expertise shapes firms' biodiversity strategies. Integrating insights from the Resource‐Based View, Dynamic Capabilities, and Insti…

ABSTRACT This study investigates the effect of climate risk on corporate employment decisions. Using a large sample from 41 countries, we find a positive association between climate risk and underinvestment in labor, notably manifesting as excessive employee layoffs. This indicates that climate risk leads to suboptimal employment decisions through labor cost reduction to mitigate the impact on fi…

ABSTRACT While industry platforms are widely recognized as enablers of circular innovation, we still know little about how they evolve to scale and sustain innovation as economic conditions tighten and circular economy funding schemes become more selective. Drawing on an evolutionary platform perspective, this study examines the evolution of an agri‐tech industry platform in China using an embedd…

ABSTRACT Public funding for circular economy (CE) initiatives plays a crucial role in shaping corporate financial performance, yet its effects remain underexplored. Grounded in the resource‐based view (RBV) of the firm, this study investigates the financial impact of CE funding on private firms, using Portugal as a case study. It analyses the financial outcomes of companies receiving funding for …

ABSTRACT The transition to a circular economy (CE) has become a strategic priority for firms, yet empirical assessments of corporate circularity remain fragmented and heavily dependent on structured indicators or self‐reported metrics. This paper proposes a novel, text‐based circularity index derived from mandatory non‐financial statements of large Italian companies. Using a corpus of FTSE MIB su…

ABSTRACT Wine packaging follows traditional norms favoring heavy glass bottles, paper labels, and cork closures. A recent innovation, wine in a can, challenges these perceptions. This paper reports results from three survey‐based studies eliciting consumers' attitudes towards this innovative packaging. First results show that consumers are unaware of the environmental benefits of canned wine and …

ABSTRACT This study investigates the tangible impact of the adoption of environmental, social, and governance (ESG) disclosure guidance by stock exchanges on corporate carbon mitigation, focusing on six major frameworks: the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), the Task Force on Climate Related Financial Disclosures (TCFD), the International Int…

ABSTRACT Managerial capabilities play a critical role in shaping firm innovation and environmental performance, yet evidence for small‐ and medium‐sized enterprises in traditional sectors remains limited. This study examines the association between managerial orientation and two performance outcomes—product/marketing innovation and eco‐innovation—using survey data from wineries in the Hungarian w…

ABSTRACT In today's world, there is a growing awareness and concern about environmental sustainability and the need for ‘green’ products. This has led to an increase in consumer demand for environmentally friendly goods, also known as green products, which are designed to have minimal environmental impact. Since producing green products is more expensive, governments in many countries have starte…

ABSTRACT The purpose of this study is to investigate the role of the green supply chain as a mediator in the relationship between a green marketing strategy and a firm's environmental performance. Using sustainability theory as our theoretical framework, we developed a model and tested it based on survey data from 170 managers in Israeli companies operating in international markets. Our findings …

ABSTRACT Environmental, social, and governance (ESG) greenwashing undermines sustainable development, yet the influence of regulatory proximity on oversight is understudied. By introducing the “distance decay effect” from geoeconomics into ESG misconduct research and using a sample of Chinese listed firms from 2009 to 2022, this study reveals a counterintuitive finding: Proximity to the regional …

ABSTRACT The research study evaluates the complex interaction of institutional, financial, environmental, and geopolitical factors that interact to shape entrepreneurship in the E7 economies (i.e., China, India, Brazil, Mexico, Russia, Indonesia, and Turkey) in the period between 2006 and 2022. Using the cross‐sectionally augmented autoregressive distributed lag (CS‐ARDL) approach, the findings e…

ABSTRACT As the circular economy transition gains traction in the healthcare sector, extending the lifespan of complex medical devices has become a key priority, given their high cost and the challenges associated with their technological sophistication. To effectively advance this transition, there is a growing need for a robust tool capable of assessing and enhancing the circularity of complex …

ABSTRACT Globally, solar energy initiatives are increasingly recognised not only as a means of decarbonisation but also as vehicles for promoting the circular economy (CE) principles throughout infrastructure life cycles. The expansion of solar installations and the associated material intensity require a transition to circularity to alleviate resource depletion, waste production and lifecycle em…

ABSTRACT This study examines how sustainability drivers—technological innovation, sustainable supply chain management (SSCM) and corporate social responsibility (CSR)—influence environmental and organisational performance in Vietnam's logistics industry. Drawing on the natural resource–based view, institutional theory and stakeholder theory, survey data from 322 logistics professionals in Vietnam…