scholarly journals Proactive environmental strategy and firm performance: The moderating role of corporate venturing

2020 ◽  
Vol 38 (7) ◽  
pp. 654-676
Author(s):  
Chengli Shu ◽  
Jinxin Liu ◽  
Mengli Zhao ◽  
Per Davidsson
Keyword(s):  
Firm Performance ◽  
Positive Impact ◽  
Political Influence ◽  
Moderating Effect ◽  
Environmental Strategy ◽  
Green Management ◽  
Corporate Venturing ◽  
Proactive Environmental Strategy ◽  
The Relationship

This article investigates how two types of proactive environmental strategies (PESs) – proactive green management and green political influence – affect firm performance directly and under varying conditions characterising corporate venturing activities (domestic versus international). The results obtained by analysing a multi-informant dataset reveal that proactive green management has a stronger positive impact on firm performance than green political influence does. Moreover, international venturing has a greater positive moderating effect than domestic venturing on the link between proactive green management and firm performance, whereas, domestic venturing has a stronger positive moderating effect than international venturing on the relationship between green political influence and firm performance. This article contributes by differentiating between two important forms of corporate venturing, by distinguishing two important types of PESs and by offering a more granular framework for aligning corporate venturing activities with PESs.

ENVIRONMENTAL REGULATION IMPROVES THE FIRM PERFORMANCE IN THE PAPER INDUSTRY IN CHINA

2021 ◽  
pp. 1-32
Author(s):  
YONGLIANG YANG ◽  
LILI DING ◽  
YI LI
Keyword(s):  
Firm Performance ◽  
Positive Impact ◽  
Paper Industry ◽  
Average Treatment Effect ◽  
Small Scale ◽  
Positive Role ◽  
Firm Level ◽  
Innovation Ability ◽  
The Relationship

This research develops a difference-in-differences (DID) model to explore the relationship between environmental policy (The Measures for the Administration of Permits for the Discharge of Key Water Pollutants in the Huaihe and Taihu River Basins, MAPD) and the performance of firms involved in the paper and paper products industry (MPP) in China. Cost and innovation are introduced as mediators to explore the mediating effects. A firm-level dataset from 1998 to 2007 is adopted for empirical study. The findings support the positive role of the MAPD, and the average treatment effect is 0.016.The heterogeneity analysis shows that the MAPD exerts a positive impact on non-state-owned and small-scale enterprises, with coefficients of 0.018 and 0.021, respectively. Moreover, MAPD increases enterprise costs harming firm performance. On the other hand, it can promote firm performance by improving innovation ability.

The Contextual Role of Regulatory Stakeholder Pressure in Proactive Environmental Strategies: An Empirical Test of Competing Theoretical Perspectives

2017 ◽  
Vol 32 (3) ◽  
pp. 281-308 ◽  
Author(s):  
Eva Alexandra Schmitz ◽  
Matthias Baum ◽  
Pascal Huett ◽  
Ruediger Kabst
Keyword(s):  
Empirical Test ◽  
Explanatory Power ◽  
Strategic Orientation ◽  
Environmental Strategy ◽  
Theoretical Perspectives ◽  
Stakeholder Pressure ◽  
Proactive Environmental Strategy ◽  
The Relationship ◽  
Made In

Guided by two competing theoretical perspectives, we investigate the contextual role of perceived regulatory stakeholder pressure in the relationship between firms’ strategic orientation and their pursuit of a proactive environmental strategy (PES). While the enhancing perspective suggests that perceived regulatory stakeholder pressure strengthens the association between strategic orientation and PES, the buffering perspective argues that greater regulatory stakeholder pressure mitigates this relationship. Our study looks at a sample of 349 German energy sector firms to identify which perspective holds greater explanatory power. Surprisingly, the empirical findings go beyond the arguments made in the buffering perspective: high perceived regulatory stakeholder pressure not only weakens but also eradicates the relationship between strategic orientation and the pursuit of a PES. Our results indicate that in the case of high perceived regulatory stakeholder pressure, market-oriented considerations are eclipsed by the need to gain legitimacy within the regulatory stakeholder context.

The mediating role of environmental innovation in the relationship between environmental management and firm performance in a multi-stakeholder environment

2013 ◽  
Vol 13 (2) ◽  
pp. 119-137 ◽  
Author(s):  
K. Grekova ◽  
H.J. Bremmers ◽  
J.H. Trienekens ◽  
R.G.M. Kemp ◽  
S.W.F. Omta
Keyword(s):  
Environmental Management ◽  
Firm Performance ◽  
Product Innovation ◽  
Positive Impact ◽  
Mediating Effect ◽  
Environmental Innovation ◽  
Mediating Role ◽  
Environmental Process ◽  
The Relationship

Nowadays, firms are increasingly challenged to bridge potentially conflicting economic interests of primary commercial stakeholders and sustainability demands from secondary non-commercial stakeholder groups. While a number of firms view investments in environmental management as disconnected from their value-creating activities, others have reported achieved cost efficiency and differentiation advantages. Prior research suggests that environmental innovation might be the missing link between environmental management and firm performance. However, the mediating effect of environmental innovation in the relationship between environmental management and a firm's performance had not been empirically tested so far. Our paper provides a contribution by conducting an empirical investigation into this possible mediating effect. Although the presumed mediating role of environmental innovation suggests that it is influenced by internal environmental management, environmental innovation literature is especially concerned with the role of external stakeholders in environmental innovation. This study investigates the role of the engagement of stakeholders such as supply chain partners, industry, and public authorities in environmental impact reduction. We hypothesise that environmental innovation positively mediates the relationship between environmental management and firm performance, and that the engagement of stakeholders has a positive impact on environmental innovation. The research model was tested with a variance-based structural equation model using data from 90 Dutch food and beverage firms. The results confirm the positive mediating effect of environmental process innovation on the relationship between environmental management and cost efficiency advantage. Environmental product innovation contributes to a differentiation advantage but it is not significantly influenced by environmental management. So we could not support a positive mediating effect of environmental product innovation on the relationship between environmental management and differentiation advantage. Instead, environmental collaboration with supply chain partners has a strong positive impact on environmental product innovation. It also positively influences environmental process innovation but this influence is much weaker than the influence of internal environmental management. Our findings can assist managers in their decision making regarding the implementation of environmental innovations and environmental collaboration with external parties. The study is also relevant to policy makers as a tool to assess the appropriateness of their policy.

scholarly journals The impact of intellectual capital, organizational capabilities and innovation on firm performance of textile sector: a moderating effect of GSP Plus

2019 ◽  
Vol 70 (06) ◽  
pp. 572-578
Author(s):  
MUHAMMAD ZIA-UR-REHMAN ◽  
SAJJAD AHMAD BAIG ◽  
MUHAMMAD ABRAR ◽  
MUHAMMAD HASHIM ◽  
FIZA AMJAD ◽  
...  
Keyword(s):  
Firm Performance ◽  
Intellectual Capital ◽  
Moderating Effect ◽  
Organizational Capabilities ◽  
The Impact ◽  
The Relationship ◽  
Moderating Role ◽  
Textile Sector

The objective of this study was to investigate the relationship between intellectual capital, organizational capabilities, Innovations and firm performance through the moderating role of GSP Plus status. The findings show that intellectual capital, organizational capabilities, and Innovations have a significant impact on firm performance. Additionally, the GSP Plus moderates the relationship between intellectual capital and firm performance. The GSP Plus also moderates the relationship between Innovation and firm performance. However, GSP Plus does not moderate the relationship between organizational capabilities and firm performance. The findings of this study would guide the textile exporters to understand how to enhance a firm’s performance by giving preference to the intellectual capitals, Organizational Capabilities and Innovations and how to utilize the GSP Plus status effectively

scholarly journals The Effect Of Environmental, Social and Governance (ESG) Disclosure on Firm Performance: The Role of Ceo Tenure

2020 ◽  
Vol 10 (2) ◽  
pp. 261
Author(s):  
Agus Triyani ◽  
Suhita Whini Setyahuni ◽  
Kiryanto Kiryanto
Keyword(s):  
Firm Performance ◽  
Positive Impact ◽  
Corporate Sustainability ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance ◽  
Ceo Tenure ◽  
Comprehensive Picture ◽  
Multiple Regression Technique ◽  
The Relationship

This paper aims to investigate the effect of environmental, social, and governance (ESG) disclosure on firm performance, which is measured by ROE. We also analyze the role of CEO tenure on the relationship between ESG disclosure and ROE. We used 159 samples of public listed companies in Indonesia during period of 2012 to 2016. We employed multiple regression technique to assess the research model. The findings show that ESG disclosure has a positive impact on ROE. The better the quality of ESG disclosure can enhance the level of ROE. In addition, we found a moderating effect of CEO tenure on the relationship between ESG disclosure and ROE. However, CEO tenure plays a role in decreasing the relationship between ESG disclosure and ROE. Our empirical evidence support the process of sustainability investment by using ESG data analysis, to get more comprehensive picture regarding companies sustainability performance. The findings of this study are expected to provide strong evidence regarding the importance of ESG disclosure in enhancing corporate performance. Furthermore, the findings are also expected to be able to ensure potential investors in using ESG disclosure to evaluate corporate sustainability performance.

scholarly journals Complementary Effect of Knowledge Management Strategy on Firm Performance: Evidence from Chinese Firms

2019 ◽  
Vol 11 (13) ◽  
pp. 3616 ◽  
Author(s):  
Bo Song ◽  
Yi Li ◽  
Liangjie Zhao
Keyword(s):  
Knowledge Management ◽  
Firm Performance ◽  
Organizational Structure ◽  
Positive Impact ◽  
Synergistic Effects ◽  
Moderating Effect ◽  
Chinese Firms ◽  
Km Strategy ◽  
Complementary Effect ◽  
The Relationship

This study investigated the complementary effect of three orientations of knowledge management (KM) strategy on firm performance: external and internal, explicit and tacit, and exploratory and exploitive. We propose a theoretical framework for examining the synergistic effects of KM strategy on firm performance, and the moderating effect of organizational structure. The complementary effect among these orientations of KM strategy was studied. To test our framework, we conducted a survey with a sample of 345 Chinese firms that had applied a KM strategy. The empirical results show that: (1) different KM strategy orientations complement each other, and this complementarity is an essential link in the relationship between KM strategy and firm performance; (2) the direct effect of each orientation of KM strategy on firm performance is not significant; (3) a centralized organizational structure moderates the relationship between KM strategy and firm performance, thus the more centralized is the organizational structure, the stronger is the positive impact of the complementary effect of KM strategy on firm performance; and (4) the moderating effect of formalized organizational structure in the relationship between KM strategy and firm performance is not significant.

scholarly journals Revisiting the relationship between board practices and firm performance

2021 ◽  
Vol 17 (1) ◽  
pp. 60-68
Author(s):  
Andrews Owusu
Keyword(s):  
Firm Performance ◽  
Decision Process ◽  
Executive Director ◽  
Negative Impact ◽  
Positive Impact ◽  
Chief Executive ◽  
Executive Directors ◽  
Board Size ◽  
The Relationship

This paper examines whether and how firm performance is influenced by board practices in Ghana. The analysis shows that chief executive officer (CEO) duality has a negative impact on firm performance, evidence that supports agency theory’s position. Further analysis shows that the smaller Ghanaian board size appears to be optimal because it has a positive impact on firm performance. However, the larger non-executive director representation on the board has no impact on firm performance. Overall, these results suggest that the Ghanaian firms should be encouraged to separate the role of CEO and the board chair positions, have a board size of between eight and nine, and make good use of non-executive directors’ time in the board decision process if they are to achieve better performance.

Workgroup’s Openness to Diversity and Employees’ Perception of Human Resources Practices: The Moderating Effect of Group Membership

2021 ◽  
pp. 097215092098864
Author(s):  
Sudeep Kumar Das ◽  
Feza Tabassum Azmi ◽  
P. S. James
Keyword(s):  
Human Resources ◽  
Group Membership ◽  
Positive Impact ◽  
Empirical Studies ◽  
Moderating Effect ◽  
Cross Sectional ◽  
Value Diversity ◽  
The Relationship ◽  
Openness To Diversity

The purpose of this article is to examine the role of a workgroup’s openness to diversity (WOD) in shaping employees’ perception of human resources practices (HRPs), by focusing primarily on three types of diversity, namely visible diversity, value diversity and informational diversity. The study also examines the moderating effect of group membership on the relationship. Cross-sectional data through a survey of 533 employees of various leading information technology (IT) companies in India are used. The results suggest that a workgroup’s openness to diversity is a strong determinant of the perception of HRPs. It is observed that the workgroup’s openness to visible diversity has no significant impact on the perception of HRPs, whereas openness to value and informational diversity has a significant positive impact. The results also show that group membership moderates the relationship. In terms of the originality of this study, we contend that, to date, there is a paucity of empirical studies linking a workgroup’s openness to diversity with the perception of HRPs. Hence, the present study addresses this gap by examining the relationship, as well as the boundary conditions on this relationship.

Consumer–Celebrity Parasocial Interaction: A Conditional Process Analysis

2021 ◽  
pp. 097215092110103
Author(s):  
Yadvinder Parmar ◽  
Bikram Jit Singh Mann
Keyword(s):  
Sampling Method ◽  
Process Analysis ◽  
Purchase Intentions ◽  
Moderating Effect ◽  
Parasocial Interaction ◽  
Conditional Process Analysis ◽  
The Relationship ◽  
Self Administered Questionnaire ◽  
Moderating Role

This article aims to empirically examine the mediating impact of consumer’s parasocial interaction on the relationship between celebrity images on the consumer’s purchase intentions. It aims to empirically investigate the moderating role of celebrity liking in the formation of consumer’s parasocial interaction. Four different versions of self-administered questionnaire using different celebrities as a stimulus were developed. Data were collected from 484 respondents. Quota cum judgemental sampling method was used for the study. The findings show that parasocial interaction mediates the relationship between celebrity images and purchase intentions. It also reveals positive moderating effect of celebrity liking. It has significant implications for marketers and academicians.

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