TY - JOUR
T1 - Reinforcing green business strategies with Industry I4.0 and governance towards sustainability: natural-resource-based view and dynamic capability
AU - Alkaraan, Fadi
AU - Elmarzouky, Mahmoud
AU - Hussainey, Khaled
AU - Venkatesh, V. G.
AU - Shi, Yangyan
AU - Gulko, Nadia
N1 - Possible CC BY. Otherwise 24 month embargo. This is the peer reviewed version of the following article: [FULL CITE], which has been published in final form at [Link to final article using the DOI]. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.
PY - 2024/1/11
Y1 - 2024/1/11
N2 - The study explores the influence of contextual factors surrounding production planning and green strategic investment decision-making practices (GSIDMP) in UK companies. We utilize a mixed-method approach as a research methodology to study the current trend of production planning and GSIDMP. This study's conceptual model is rooted conspicuously in the resource-based theory (RBT), natural-resource-based view and dynamic capabilities. We empirically examine the nexus between GSIDMP, technological innovation, dynamic capability and companies’ performance. Our study based on a sample selected from UK-listed companies, FTSE ALL-Share Index for the period (2012-2021). Also, the study utilizes data from the UK Innovation Survey (2018-2020) and corporate disclosure through companies' annual reports as a complementary approach for data collection. Findings of this study explore the interdependencies between company dynamic capability, advanced technological innovation and governance mechanisms, and their mediation influence on the nexus between GSIDMP and companies’ performance. This study sheds lights on current business innovation strategies. Findings reveal how current practices of production planning and GSIDM in large UK companies shaped by boardrooms absorptive and adaptive capabilities, knowledge-generating and knowledge-collaboration capabilities, technological adoption, and corporate governance mechanisms. This study offers insight regarding boardrooms proactive engagement in exploration and exploitation activities to strengthen ambidexterity through various innovation trajectories associated with green production and GSIDMP towards sustainability. We provide managerial implications for decision-makers, regulators, investors, scholars, and other stakeholders.
AB - The study explores the influence of contextual factors surrounding production planning and green strategic investment decision-making practices (GSIDMP) in UK companies. We utilize a mixed-method approach as a research methodology to study the current trend of production planning and GSIDMP. This study's conceptual model is rooted conspicuously in the resource-based theory (RBT), natural-resource-based view and dynamic capabilities. We empirically examine the nexus between GSIDMP, technological innovation, dynamic capability and companies’ performance. Our study based on a sample selected from UK-listed companies, FTSE ALL-Share Index for the period (2012-2021). Also, the study utilizes data from the UK Innovation Survey (2018-2020) and corporate disclosure through companies' annual reports as a complementary approach for data collection. Findings of this study explore the interdependencies between company dynamic capability, advanced technological innovation and governance mechanisms, and their mediation influence on the nexus between GSIDMP and companies’ performance. This study sheds lights on current business innovation strategies. Findings reveal how current practices of production planning and GSIDM in large UK companies shaped by boardrooms absorptive and adaptive capabilities, knowledge-generating and knowledge-collaboration capabilities, technological adoption, and corporate governance mechanisms. This study offers insight regarding boardrooms proactive engagement in exploration and exploitation activities to strengthen ambidexterity through various innovation trajectories associated with green production and GSIDMP towards sustainability. We provide managerial implications for decision-makers, regulators, investors, scholars, and other stakeholders.
U2 - 10.1002/bse.3665
DO - 10.1002/bse.3665
M3 - Article
SN - 0964-4733
JO - Business Strategy and the Environment
JF - Business Strategy and the Environment
ER -