Barriers to environmental sustainability practices of multinational mining companies in Ghana: an institutional complexity perspective

Amoah, Prince; Eweje, Gabriel

doi:10.1108/cg-06-2021-0229

Cited by 19 publications

(25 citation statements)

References 88 publications

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“…However, to succeed, companies have recently drawn more attention to the demands of numerous stakeholders, particularly in the aftermath of the 2008 global financial crisis, which makes them more likely to adjust their behavior when necessary and think outside the box to meet the demands of those parties. Engaging in nonfinancial activities is one of the major tactics that enterprises must undertake to draw more stakeholders’ attention (Amoah and Eweje, 2022; Ananzeh et al , 2022). Those nonfinancial activities (such as sustainability and environmental activities) that focus on a broader segment of stakeholders rather than just shareholders have been proposed to increase financial performance (Hichri and Ltifi, 2021; Ben Saad and Belkacem, 2022).…”

Section: Introductionmentioning

confidence: 99%

Environmental, social and governance impact on financial performance: evidence from the Levant countries

Amosh

Khatib

Ananzeh

2022

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Purpose This paper aims to investigate whether the sustainability disclosure with the environmental, social and governance (ESG) aspects has an impact on the financial performance represented by Tobin’s Q, return on assets (ROA) and return on equity indices in the Levant countries for the period 2012–2019, which was a period of turmoil and political repercussions that affected the countries of the region. Design/methodology/approach Using the content analysis technique, the data was collected from 124 nonfinancial companies from Levant countries (Jordan, Palestine, Syria and Lebanon), and 883 observations were collected as panel data for the research analysis. Findings The findings indicate that the environmental, social and ESG collective performance maximizes financial performance, while the governance performance influences ROA only. This suggests that companies pay great attention to various stakeholders, mainly external. Maximizing stakeholder value remains an optimal strategy to achieve the company’s financial goals. Thus, improving the disclosure levels of nonfinancial performance in the capital markets will improve the chances of growth of the financial performance indicators of companies. Originality/value The study provided insights about the ESG role and its impact on the financial performance of companies in a less explored context by previous literature, namely, the Levant.

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Section: Introductionmentioning

confidence: 99%

Environmental, social and governance impact on financial performance: evidence from the Levant countries

Amosh

Khatib

Ananzeh

2022

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“…Specifically, it went beyond the sustainability disclosure of cruise companies, also considering and investigating the sustainability disclosure of their partners. As well, the cruise corporations’ commitment in the environmental and social sustainability initiatives appears as a strategic path to attract the approval of stakeholders (Amoah and Eweje, 2022; Al Amosh et al , 2022), especially of the destination communities. However, all the described limitations of this study can represent useful and stimulating starting points for future research.…”

Section: Discussionmentioning

confidence: 99%

SDGs disclosure: evidence from cruise corporations’ sustainability reporting

Vaio

Varriale

Λεκάκου

et al. 2023

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Purpose This study investigates how cruise corporations, which have shown consistent and high growth rates in recent years, address the Sustainable Development Goal 17 (SDG17) “Partnership for the Goals” to meet the UN 2030 Agenda. This study aims to fill the existent gap in the literature, as also highlighted by practitioners in the First Research Conference on Tourism, through the lens of stakeholder theory. Design/methodology/approach This study focuses on the analysis of partnerships and collaborative governance of cruise corporations’ endeavours to meet the UN 2030 Agenda. This study is supported by the sustainability disclosure framework and stakeholder theory, based on the dependence of resources and descriptive and instrumental approaches to describe, analyse and map, through multi-stakeholder partnerships, the sustainability initiatives and practices adopted by cruise corporations. A systematic manual content analysis has been developed on sustainability reporting published by corporations. Findings According to the descriptive and instrumental approaches and the dependence resources construct of the stakeholder theory, this study highlights the typology and nature of partnerships with SDGs, and their strategic role in achieving them, although cruise corporations do not highlight in their sustainability reporting the measures of effectiveness regarding the relationship between single partnerships and targets reached for each SDG. Practical implications Recommendations at the managerial level are put forward to support cruise corporations’ initiatives and practices to meet UN 2030 Agenda. This study suggests to governors of corporations the cooperation between the cruise industry and institutions at the local, national and international levels for promoting institutional interventions at the infrastructure and economic level. Originality/value This study provides further insights into the under-researched topic of sustainability disclosure within the cruise industry, adopting the lens of stakeholder theory from the partnerships’ perspective. To the best of the authors’ knowledge, this is the first study to adopt the analysis of the SDG practices under the lens of the stakeholder theory, based on the dependence of resources and descriptive and instrumental approaches to identify, map and analyse the multi-stakeholder partnerships as an enabling key to meet UN 2030 Agenda in the cruise industry.

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“…Other strategic responses to institutional demands have also created several challenges in the EP monitoring system. For instance, the avoidance strategy used by Ghana’s authorities when monitoring EP from mining activities led to regulatory inconsistencies (Amoah and Eweje, 2022). Although several EP measurement indicators have been established, they were inconsistent within the regulatory institutions.…”

Section: Theoretical Framework: Strategic Responses To Conflicting In...mentioning

confidence: 99%

“…Findings from the interviews were then corroborated with the analysis of policy documents. The perspectives of organisational responses to institutional complexity were used to make sense of the challenges identified in the study because sustainability practices in Malaysia and globally were influenced and challenged by rising institutional complexity in organisations (Amoah and Eweje, 2022; Testa et al , 2018). In response, organisations used various strategies to manage the complexities (Oliver, 1991).…”

Section: Introductionmentioning

confidence: 99%

Strategic responses to environmental performance monitoring barriers: a case study of Malaysian Government green procurement

Vejaratnam

Chenayah

Mohamad

et al. 2023

SAMPJ

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Purpose This study aims to investigate the potential influence of organisational responses to conflicting institutional demands towards barriers to environmental performance (EP) monitoring of government green procurement (GGP) in Malaysia. Design/methodology/approach The paper used a qualitative methodology based on a single case study involving policymakers, procurement officials and a monitoring authority. The study data were analysed drawing on the perspectives of organisational responses to conflicting institutional demands. Findings The three key challenges that hindered EP monitoring of GGP in Malaysia were policy irregularities, knowledge asymmetry and communication gaps. These challenges are likely the consequences of the acquiescence, avoidance, compromise and defiance strategies commonly used in dealing with the institutional complexity faced in Malaysia’s public policy arena. Practical implications The government, at various institutional levels, may benefit from the theoretical and empirical findings of the case study. Knowledge of barriers can facilitate the policymakers in designing the monitoring process meticulously. Meanwhile, awareness of the influence of organisational responses to institutional complexity on GGP barriers can help redefine field actors’ interests and values in improving policy monitoring. In addition, reporting of the monitored EP bridges the institutional gaps between the macro-state level and the micro-organisational level of GGP, besides increasing the government’s transparency and accountability regarding green procurement. Social implications Fewer challenges in the EP monitoring system contribute to an improved GGP policy. In turn, an improved policy may enhance public health and reduce environmental degradation. Originality/value The study contributes to the GGP monitoring and institutional theory by showing that barriers to EP monitoring culminate from the organisational response to the institutional demands faced in the policy environment. The authors argue that this is one of the few studies that have examined the barriers to EP monitoring of public policy explicated in the context of organisational responses to institutional demands.

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Barriers to environmental sustainability practices of multinational mining companies in Ghana: an institutional complexity perspective

Cited by 19 publications

References 88 publications

Environmental, social and governance impact on financial performance: evidence from the Levant countries

Environmental, social and governance impact on financial performance: evidence from the Levant countries

SDGs disclosure: evidence from cruise corporations’ sustainability reporting

Strategic responses to environmental performance monitoring barriers: a case study of Malaysian Government green procurement

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