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Article
Publication date: 17 December 2024

Alicia Ramírez-Orellana, Silvia Giralt-Escobar and Cristina Blanco-González-Tejero

This paper explores effective management strategies to optimise corporate value in the pharmaceutical industry. It uses key variables such as research and development (R&D), board…

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Abstract

Purpose

This paper explores effective management strategies to optimise corporate value in the pharmaceutical industry. It uses key variables such as research and development (R&D), board gender diversity, and environmental, social and governance (ESG) factors.

Design/methodology/approach

Given the dynamic and multifaceted nature of corporate innovation and its impact on performance, 53 pharmaceutical companies were examined using partial least squares structural equation modelling (PLS-SEM). This methodology enabled exploration of causal and predictive relationships in corporate value and management.

Findings

Greater investment in R&D drives innovation and future growth. Despite the short-term financial impact, R&D investment reflects a strategic emphasis on long-term growth and sustainability in the pharmaceutical industry. Management effectiveness mediates the effects of gender diversity on increasing corporate value. The ESG score is the least relevant variable for assessing the value of pharmaceutical companies. It contributes to improving management practices but is not fully considered in the overall corporate value of a company taking into account the selected database.

Practical implications

Pharmaceutical companies can use these findings to adjust and optimise their investment in R&D. They can thus direct their strategies towards more ethical and sustainable practices, thereby enhancing effectiveness and competitiveness. The combination of these elements provides an opportunity to develop integrated management strategies.

Originality/value

This research explores innovative strategies to enhance corporate value, emphasising the pivotal role of R&D and ESG factors. It reveals the intricacies of the pharmaceutical landscape and provides solutions for organisational strategy.

Details

European Journal of Innovation Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1460-1060

Keywords

Open Access
Article
Publication date: 31 July 2024

Andrea Lippi and Ilaria Galavotti

This paper aims to explore the relationship between board composition and a firm’s commitment to combatting climate change. Specifically, this study investigates how various…

Abstract

Purpose

This paper aims to explore the relationship between board composition and a firm’s commitment to combatting climate change. Specifically, this study investigates how various characteristics of the board, namely its size and presence of independent directors, and of the directors themselves, including gender diversity, age, educational background and national homogeneity, affect the corporate-level climate change orientation. From a theoretical standpoint, the authors take a cross-fertilizing perspective, bridging upper echelons theory with agency, resource dependence and critical mass theories.

Design/methodology/approach

The study uses ordered probit regression models on a hand-collected multi-country and multi-industry sample of 35 listed firms included in the Global Climate Change Liquid Equity Index (GALPLACC) provided by ECPI. This index is particularly relevant as it focuses on firms that have demonstrated a commitment to climate change, providing a robust dataset for the analysis.

Findings

The findings underscore the importance of disentangling various characteristics of corporate boards and directors. Specifically, the orientation toward climate change is negatively influenced by both board size and having a higher number of independent directors, while it is positively affected by reaching a critical mass of women on the board. Conversely, factors such as average age, educational background and the level of national homogeneity do not show significant effects.

Originality/value

This paper has an exploratory nature and contributes to the ongoing debate on the crucial, yet controversial role played by board-level and directors’ sociodemographic characteristics in shaping a firm’s environmental stance. Moreover, this study offers potential recommendations for policymakers regarding board composition to enhance firms’ climate change orientation.

Details

Corporate Governance: The International Journal of Business in Society, vol. 24 no. 8
Type: Research Article
ISSN: 1472-0701

Keywords

Article
Publication date: 26 August 2024

Sophia M. Schwoy, Andreas Dutzi and Juliane Messing

The aim of this study is to critically examine the transparency and reporting practice of Environmental, Social, and Governance (ESG) controversies within the pharmaceutical and…

Abstract

Purpose

The aim of this study is to critically examine the transparency and reporting practice of Environmental, Social, and Governance (ESG) controversies within the pharmaceutical and textile industry. Based on the four core dimensions of transparency, we explore which reporting medium is most frequently chosen for the disclosure of negative ESG contributions, the nature and information content of the disclosed incidents and how voluntary adherence to sustainability reporting standards and independent assurances affect the reporting.

Design/methodology/approach

We use conceptual content analysis and employ a counter-accounting approach to analyse the disclosure of 190 ESG controversies in 104 corporate reports from the pharmaceutical and textile industries, covering a three-year period from 2018–2020.

Findings

The very large majority of controversies are reported only once in the legal proceedings section of the annual report, but not again in the sustainability report, where it would be necessary to provide a balanced picture. Moreover, companies tend to disclose only those controversies that are either associated with high media attention or are expected to be related to litigation, resulting in 26 per cent of controversies not being disclosed at all. The overall quality of disclosure is unsatisfactory and in need of improvement, but comparably higher in the pharmaceutical industry than in the textile industry. Interestingly, neither the application of sustainability reporting standards nor independent assurance seems to positively impact the disclosure behaviour.

Originality/value

Our paper provides new insights into the shortcomings of current ESG controversy disclosures by revealing patterns of selective reporting practices and the strategic framing of issues. In addition, it contributes to the debates on corporate cherry-picking in the adoption of sustainability reporting guidelines and on the effectiveness of external assurance of sustainability reports. Based on the findings, it offers important implications for practitioners, in particular management, policy makers, rating agencies and assurance providers.

Details

Management Decision, vol. 63 no. 2
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 8 October 2024

Diptarka Roy, Sukhmani Gandhi, Reshef Gal-Oz, Sefi Vernick and Moushumi Ghosh

This study aims to present an innovative approach to detect and monitor ethylene gas during fruit ripening.

Abstract

Purpose

This study aims to present an innovative approach to detect and monitor ethylene gas during fruit ripening.

Design/methodology/approach

It uses a specialized composite membrane in conjunction with a solid-state electrochemical method. This unique electroactive membrane, composed of polyvinyl alcohol (PVA), chitosan (CHT), lithium chloride (LiCl) and ammonium molybdate (AMO), exhibits synergistic behavior when applied to a microelectrode chip surface. This composite enhances the sensitivity of electrochemical ethylene detection. Empirical experiments were conducted to elucidate the ripening kinetics in various fruit specimens, including apples, pears and mangoes. These fruits released ethylene, which was analyzed using the molybdenum-permeated electroactive biopolymer composite membrane, a critical determinant of ethylene levels.

Findings

Characterization of the synthesized composite through techniques such as X-ray diffraction and Fourier-transform infrared spectroscopy revealed reduced crystallinity and decreased hydrogen bond interactions upon activation with Mo ions. Field emission scanning electron microscopy images exhibited a distinctive porous surface morphology with spherical microgranules. Energy dispersive X-ray analysis indicated a significant change in the mass or atomic composition of Mo in the composite membrane after Mo ion activation. Electrochemical measurements, including cyclic voltammetry and potentiostatic electrochemical impedance spectroscopy, validated the efficiency of the Mo-activated PVA-CHT-LiCl-AMO membrane, manifesting an impressive 87.79% increase in sensitivity compared to the nonactivated membrane.

Practical implications

This research work represents a significant advancement in the field of ethylene detection and fruit ripening monitoring. The Mo-activated PVA-CHT-LiCl-AMO membrane offers a reliable and effective solution for real-time ethylene detection, providing an invaluable tool for the horticultural industry to optimize fruit ripening processes, extend shelf life and ensure the delivery of high-quality produce to consumers.

Social implications

The findings of this study hold great promise for fostering sustainability and efficiency within the global fruit supply chain, ultimately benefiting both producers and consumers alike.

Originality/value

The implications of this research extend to the fabrication of a sensor based on a solid-state electroactive PVA-CHT-LiCl-AMO composite membrane, which upon Mo-activation exhibits robust electrochemical fruit ethylene detection when exposed to different fruits.

Details

Sensor Review, vol. 45 no. 1
Type: Research Article
ISSN: 0260-2288

Keywords

Article
Publication date: 19 November 2021

Dayanand Bhaurao Jadhav and Rajendra D. Kokate

Renewable energy alternatives and nanoscale materials have gained huge attention in recent years due to the problems associated with fossil fuels. The recyclable battery is one of…

Abstract

Purpose

Renewable energy alternatives and nanoscale materials have gained huge attention in recent years due to the problems associated with fossil fuels. The recyclable battery is one of the recent developments to address the energy requirement issues. In this work, the development of nanoscale materials is focused on using green synthesis methods to address the energy requirements of hybrid electric vehicles.

Design/methodology/approach

The current research focuses on developing metal oxide nanoscale materials (NANO-SMs). The Zno-Aloe vera NANO-SM is prepared using the green synthesis method. The developed nanoscale materials are characterized using analysis methods like FESEM, TEM, XRD and FTIR.

Findings

The average size of ZnO-Aloe vera mono-crystalline was recorded as 60–70 nm/Hexagonal shape. The nanoscale materials are used for the detection of LPG gases. The sensitivity observed was 48%. The response time and recovery time were recorded as 8–10 s and 230–250 s, respectively. The average size of SnO2-green papaya leaves poly-crystalline was recorded as 10–20 nm/powder form.

Originality/value

Nanoscale materials are developed using green synthesis methods for hybrid vehicle applications. The nanoscale materials are used for the detection of harmful gases in hybrid vehicles.

Details

International Journal of Intelligent Unmanned Systems, vol. 13 no. 1
Type: Research Article
ISSN: 2049-6427

Keywords

Article
Publication date: 23 October 2023

Walter Leal Filho, Laís Viera Trevisan, João Henrique Paulino Pires Eustachio, Thais Dibbern, Julen Castillo Apraiz, Izabela Rampasso, Rosley Anholon, Beatrice Gornati, Manfredi Morello and Wim Lambrechts

Despite the growing interest in the field, the literature overlooks how supply chains influence or interact with the United Nations (UN) Sustainable Development Goals (SDGs). To…

Abstract

Purpose

Despite the growing interest in the field, the literature overlooks how supply chains influence or interact with the United Nations (UN) Sustainable Development Goals (SDGs). To fill this gap, this study aims to assess the influences of Sustainable Supply Chain Management (SSCM) on the implementation of the UN SDGs.

Design/methodology/approach

A systematic literature review of 97 publications was carried out by using the Web of Science database and the support of ATLAS.ti software. In addition, this research also explored how the top 20 Forbes companies are aligned with the SDGs by analysing their sustainability reports.

Findings

The findings suggest that the literature and the analysed companies primarily concentrate on certain SDGs while neglecting others, revealing potential areas of interest for future research. Based on the findings, the study provides valuable insights into the connections between SSCM and the UN SDGs, highlighting the potential benefits of SSCM in reducing environmental, social and economic pressures and contributing to sustainable development. It also identifies areas where further research and policy development are needed to maximise the potential benefits of SSCM.

Originality/value

To the best of the authors' knowledge, no other studies have conducted a comprehensive exploration of the literature linking SSCM and the SDGs framework. Moreover, the study differs from others since it combines research data with practical information from company reports, to identify specific issues related to supply chain management.

Details

The TQM Journal, vol. 37 no. 1
Type: Research Article
ISSN: 1754-2731

Keywords

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