The Strategic Role of Circular Economy Innovations and Stakeholder Engagement in Advancing Responsible Production and Consumption DOI
Kaodui Li, Maxwell Kongkuah

Business Strategy and the Environment, Journal Year: 2025, Volume and Issue: unknown

Published: April 7, 2025

ABSTRACT As the urgency of global sustainability goals intensifies, achieving responsible production and consumption (RPC) has become a critical priority, especially in emerging markets where economic growth must be balanced with environmental stewardship. Businesses play pivotal role advancing sustainability, understanding how governance practices influence RPC is essential for aligning corporate strategies objectives. This study investigates circular economy innovations stakeholder engagement moderate link between indigenous directors RPC. Using secondary data from 439 manufacturing firms across MENA countries 2012 2022, we employed method moments quantile regression (MMQR) fixed effects estimations, addressing endogeneity through GMM modeling propensity score matching techniques. Our findings demonstrate that significantly enhance all quantiles. Additionally, not only advance but also amplify positive on sustainable practices. Stakeholder further strengthens this relationship, particularly higher quantiles, underscoring importance inclusive goals. These insights provide actionable implications business leaders policymakers, region, by emphasizing strategic integration Indigenous leadership into governance. offers framework objectives, notably SDG 12 while contributing to literature management sustainability. By highlighting driving practices, research provides valuable guidance policymakers seeking market economies.

Language: Английский

Exploring the ESG‐Circular Economy Nexus in Emerging Markets: A Systems Perspective on Governance, Innovation, and Sustainable Business Models DOI
Andrew Osei Agyemang, Abednego Osei, Maxwell Kongkuah

et al.

Business Strategy and the Environment, Journal Year: 2025, Volume and Issue: unknown

Published: April 2, 2025

ABSTRACT As businesses increasingly integrate sustainability into corporate strategy, the role of environmental, social, and governance (ESG) disclosure in driving circular economy ( CE ) adoption has garnered significant attention. However, mechanisms through which ESG facilitates transitions remain underexplored, particularly emerging economies such as sub‐Saharan Africa (SSA). This study examines synergistic roles committees mediators eco‐innovation a moderator strengthening ESG– relationship. Using panel dataset 320 manufacturing firms SSA (2010–2022) employing advanced econometric techniques, we address potential endogeneity model biases. The findings reveal that environmental social disclosures positively influence adoption, whereas exerts negative effect due to weak regulatory frameworks compliance inconsistencies. Corporate enhance relationship by ensuring commitments translate strategic actions, while amplifies impact disclosure, accelerating implementation. Notably, observe heterogeneity effects on across regional industrial variations. robust multiple sensitivity tests, confirming their reliability. Our results underscore need for policymakers strengthen mandates enforce reporting accelerate adoption. Furthermore, recommend corporations prioritize investments structures reinforce alignment. These insights offer valuable implications business leaders, policymakers, advocates fostering resilient SSA.

Language: Английский

Citations

0
The Strategic Role of Circular Economy Innovations and Stakeholder Engagement in Advancing Responsible Production and Consumption DOI
Kaodui Li, Maxwell Kongkuah

Business Strategy and the Environment, Journal Year: 2025, Volume and Issue: unknown

Published: April 7, 2025

ABSTRACT As the urgency of global sustainability goals intensifies, achieving responsible production and consumption (RPC) has become a critical priority, especially in emerging markets where economic growth must be balanced with environmental stewardship. Businesses play pivotal role advancing sustainability, understanding how governance practices influence RPC is essential for aligning corporate strategies objectives. This study investigates circular economy innovations stakeholder engagement moderate link between indigenous directors RPC. Using secondary data from 439 manufacturing firms across MENA countries 2012 2022, we employed method moments quantile regression (MMQR) fixed effects estimations, addressing endogeneity through GMM modeling propensity score matching techniques. Our findings demonstrate that significantly enhance all quantiles. Additionally, not only advance but also amplify positive on sustainable practices. Stakeholder further strengthens this relationship, particularly higher quantiles, underscoring importance inclusive goals. These insights provide actionable implications business leaders policymakers, region, by emphasizing strategic integration Indigenous leadership into governance. offers framework objectives, notably SDG 12 while contributing to literature management sustainability. By highlighting driving practices, research provides valuable guidance policymakers seeking market economies.

Language: Английский

Citations

0