Business Strategy and the Environment,
Год журнала:
2025,
Номер
unknown
Опубликована: Март 24, 2025
ABSTRACT
The
transition
to
a
circular
economy
(
CE
)
is
necessary
for
achieving
sustainable
development,
yet
research
on
governance
mechanisms
that
drive
strategies
remains
limited.
This
study
bridges
this
gap
and
significantly
advances
studies
,
board
governance,
innovation,
sustainability
by
assessing
the
critical
function
of
capital
in
driving
within
manufacturing
companies
emerging
economies,
specifically
Middle
East
North
Africa
(MENA)
area.
Drawing
agency
theory
resource‐based
theory,
develops
models
assess
influence
human
social
strategies,
with
innovation
capacity
as
key
moderating
factor.
Using
panel
data
from
268
firms
between
2010
2022
employing
dynamic
generalized
method
moments
(GMM)
technique,
outcome
reveal
both
positively
strategies.
Notably,
not
only
enhances
directly
but
also
amplifies
impact
capital,
underscoring
synergistic
connection
sustainability.
highlights
substantial
heterogeneity
effect
across
MENA
region.
These
findings
remain
robust
after
conducting
several
robustness
diagnostic
tests.
For
firms,
emphasizes
need
invest
building
diverse,
skilled,
well‐connected
capable
leading
policymakers,
it
importance
creating
frameworks
strengthen
foster
ecosystems,
enabling
boards
promote
adoption
Corporate Social Responsibility and Environmental Management,
Год журнала:
2025,
Номер
unknown
Опубликована: Янв. 30, 2025
ABSTRACT
In
a
global
business
environment
where
ethical
lapses
increasingly
undermine
corporate
credibility,
can
enhanced
governance
mechanisms
and
CSR
engagement
drive
behavior?
This
study
explores
the
intricate
relationship
between
attributes
Business
Ethical
Practices
(BEP),
examining
how
moderates
this
across
386
manufacturing
firms
in
BRICS
countries
from
2010
to
2022.
Grounded
Stakeholder
Agency
Theories,
research
investigates
three
core
strands:
diversity,
structural,
process
attributes.
Using
Generalized
Method
of
Moments
(GMM)
estimator,
findings
reveal
that
gender
diversity
age
positively
influence
BEP,
while
national
has
negative
association,
raising
concerns
about
alignment
foreign
board
members
with
local
standards.
Board
independence
size
significantly
enhance
practices,
CEO
duality
negatively
affects
emphasizing
importance
independent
oversight.
Among
attributes,
meetings
tenure
contribute
meeting
attendance
shows
suggesting
mere
presence
without
meaningful
participation
may
not
guarantee
outcomes.
Notably,
amplifies
positive
effects
mitigates
influences,
reinforcing
its
critical
role
as
enhancer.
Heterogeneity
analyses
types
(Job
Shop,
Batch,
Continuous
Process,
Mass
Production)
confirmed
consistency
these
findings.
Furthermore,
robustness
tests,
including
cluster
analysis,
sensitivity
endogeneity
controls,
validated
reliability
results.
The
provides
targeted
policy
recommendations
advocating
for
stronger
mandates,
deeper
integration,
training,
practical
implications
emphasize
comprehensive
frameworks
long‐term
sustainability.
Sustainable Development,
Год журнала:
2025,
Номер
unknown
Опубликована: Фев. 27, 2025
ABSTRACT
In
an
era
where
sustainability
has
transitioned
from
being
optional
to
essential,
how
can
firms
transform
governance
and
financing
strategies
lead
the
transition
toward
a
circular
economy
(CE)?
This
study
makes
vital
contribution
evolving
fields
of
CE,
sustainability,
corporate
by
investigating
dynamic
interplay
between
firm
structures
(FGS),
(FS),
technological
innovation
(TI)
in
enhancing
CE
performance
across
US,
China,
Japan.
Grounded
Resource‐Based
View
Agency
Theory,
examines
four
critical
dimensions:
leadership,
composition,
diversity,
structure
alongside
debt
equity
strategies.
To
ensure
methodological
rigor,
panel
models
Generalized
Method
Moments
(GMM)
estimator
are
employed,
complemented
instrumental
variable
approaches.
Drawing
on
comprehensive
dataset
461
2000
2022,
findings
reveal
significant
regional
disparities
FGS
FS
influence
performance,
with
TI
emerging
as
pivotal
moderating
factor.
The
further
highlights
heterogeneous
effects
ownership
types
Low‐CE
High‐CE
performers,
emphasizing
importance
contextual
institutional
factors
adoption.
These
robust
findings,
validated
through
extensive
endogeneity
sensitivity
tests,
offer
actionable
insights
for
policymakers,
leaders,
practitioners,
stressing
need
innovative
reforms,
strategic
mechanisms,
technology‐driven
solutions
accelerate
global
sustainable
model.
Sustainable Development,
Год журнала:
2025,
Номер
unknown
Опубликована: Март 14, 2025
ABSTRACT
As
global
sustainability
challenges
intensify,
the
transition
to
circular
economy
(CE)
practices
has
become
a
critical
strategy
for
businesses
seeking
align
with
Sustainable
Development
Goals,
particularly
SDG
12.
In
emerging
markets,
understanding
key
drivers
behind
successful
CE
adoption
is
vital
fostering
sustainable
growth.
This
study
investigates
how
RET
influence
of
in
manufacturing
firms
across
MENA
region,
focus
on
moderating
roles
green
innovation
and
governance
policy.
Drawing
insights
from
resource‐based
view,
dynamic
capabilities,
stakeholder
theories,
constructs
models
linking
returnee
directors
(RET)
adoption.
Using
panel
dataset
5302
firm‐year
observations,
employs
advanced
econometric
techniques,
including
MMQR
GMM
modeling,
while
addressing
endogeneity
through
IV‐2SLS,
lagged
effects,
PSM
estimations.
The
findings
reveal
that
significantly
enhance
lower,
middle
upper
quantiles.
Green
not
only
directly
promotes
adoption,
but
also
amplify
positive
practices.
Additionally,
robust
policies
strengthen
relationship
between
practices,
at
higher
quantiles,
underscoring
importance
institutional
frameworks
sustainability.
highlights
pivotal
role
advancing
offers
practical
policymakers
business
leaders
aiming
goals.
By
integrating
effective
mechanisms,
this
research
provides
strategic
roadmap
accelerating
markets.
Management of Environmental Quality An International Journal,
Год журнала:
2025,
Номер
unknown
Опубликована: Март 27, 2025
Purpose
This
study
investigates
the
ecological
footprint
in
MENA
region,
focusing
on
roles
of
renewable
energy
adoption
and
environmental
regulations
promoting
sustainability.
The
research
addresses
critical
need
for
understanding
effectiveness
governance
mechanisms
mitigating
degradation
a
region
heavily
reliant
fossil
fuels.
Design/methodology/approach
A
quantitative
approach
is
employed,
analyzing
panel
data
from
17
countries
spanning
2000–2022.
utilizes
pooled
mean
group
(PMG)
estimator
to
examine
long-run
short-run
relationships
conducts
robustness
checks
Granger
causality
tests
ensure
validity
reliability
findings.
Findings
results
reveal
that
investment,
share
installed
capacity
significantly
reduce
footprint,
highlighting
their
role
degradation.
In
contrast,
domestic
manufacturing
positively
associated
with
reflecting
energy-intensive
nature
industrial
activities.
An
inverted
U-shaped
relationship
between
identified,
indicating
variations
its
impact
at
different
levels
adoption.
Moreover,
enhance
energy,
underscoring
importance
strong
achieving
sustainability
region.
Originality/value
extends
existing
literature
by
offering
comprehensive
analysis
integrating
Kuznets
curve
technological
innovation
theories.
novel
focus
moderating
provides
actionable
insights
policymakers
seeking
balance
economic
growth
findings
underscore
targeted
investments
robust
regulatory
frameworks
footprints
effectively
Business Ethics the Environment & Responsibility,
Год журнала:
2025,
Номер
unknown
Опубликована: Апрель 3, 2025
ABSTRACT
This
study
contributes
to
the
literature
on
sustainability,
innovation,
and
corporate
governance
by
advancing
understanding
of
circular
economy
(CE)
through
an
analysis
firm‐level
sustainability
targets,
board
dynamics,
stakeholder
pressure,
digital
transformation
within
firms
in
MENA
region.
Drawing
resource‐based,
stakeholder,
innovation
theories,
we
developed
models
linking
targets
dynamics
CE
performance,
with
pressure
as
a
mediator
moderator.
We
tested
these
hypotheses
using
data
from
647
publicly
listed
manufacturing
companies
region,
spanning
2010–2022.
By
employing
robust
econometric
techniques,
found
strong
evidence
that
embedding
incentives
executive
compensation
implementing
structured
initiatives
significantly
enhance
performance.
Additionally,
effective
boardroom
characteristics
positively
influence
adoption,
while
mediates
relationship
between
Similarly,
reinforces
governance,
strengthening
role
driving
adoption.
Finally,
our
findings
highlight
regional
performance‐based
differences
how
implement
outcomes.
The
results
remain
consistent
after
multiple
robustness
tests,
including
rolling
window
analysis,
sensitivity
endogeneity
tests.
emphasize
need
for
incentive‐driven
policies
integrate
principles
into
promote
sustainability‐linked
compensation,
diversity,
support
initiatives.
Policymakers
should
also
standardize
reporting
frameworks
align
global
commitments,
ensuring
transparency,
accountability,
long‐term
Business Strategy and the Environment,
Год журнала:
2025,
Номер
unknown
Опубликована: Апрель 23, 2025
ABSTRACT
This
study
investigates
the
influence
of
indigenous
directors
on
sustainable
production
and
consumption
in
energy
sector
Latin
America
Caribbean
(LAC)
countries,
while
considering
moderating
roles
environmental
innovation
sustainability
committees.
Using
panel
data
from
378
firms
across
LAC
region
2012
to
2023,
employs
robust
econometric
methods,
including
quantile
regression,
IV‐GMM,
IV‐2SLS,
address
potential
endogeneity
issues
ensure
reliable
results.
The
findings
reveal
that
significantly
promote
SPC
initiatives
lower,
middle,
upper
quantiles.
Also,
not
only
directly
impact
but
also
enhances
positive
leadership
practices,
particularly
at
higher
Additionally,
presence
a
committee
amplifies
link
between
SPC,
all
analysis
uncovers
substantial
heterogeneity
effects
driven
by
regional,
policy,
industry,
stratification
dynamics.
contributes
growing
literature
corporate
governance
strategy,
offering
actionable
insights
for
policymakers,
leaders,
practitioners
seeking
foster
business
practices
emerging
markets.
