Contingent feasibility for forest carbon credit: Evidence from South Korean firms

Roh, Taewoo; JaChoon, Koo; Cho, Dong–Sung; Yeo‐Chang, Youn

doi:10.1016/j.jenvman.2014.04.033

Cited by 11 publications

(6 citation statements)

References 22 publications

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“…On the other hand, government policymakers will also be able to make a consortium by improving the systems for inter-company collaborations. In particular, it may provide a certain level of support to small-and medium-sized firms participating in the green innovation consortium and may exempt certain companies from the Ministry of Environment's goal management system [69]. A green innovation environment will be developed more quickly as a means of creating a sense of a goal for all participants in the collaboration.…”

Section: Managerial Implicationsmentioning

confidence: 99%

Open for Green Innovation: From the Perspective of Green Process and Green Consumer Innovation

Yang

Roh

2019

Sustainability

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This study is about open innovation, which suggests that companies should aim to cooperate with other companies or organizations for green innovation. While previous research has focused on the mechanism through which the company achieves green innovation, mainly from the supplier perspective, we have taken a more demand-driven approach to product innovation by introducing the green process and consumer perspectives. Also, this study not only considers collaboration with other companies whose interests are complicated in terms of open innovation but also cooperation with other organizations whose interests are unsophisticated. We examined the relationship between open innovation and green innovation by using the structural equation method and 2496 manufacturing companies in South Korea, and further confirmed the robustness by using OLS (ordinary least square) regression. As a result of the empirical analysis, all four hypotheses were supported, and the effect of collaboration with organizations was stronger than with firms. Based on these results, this study suggests that if managers prioritize green performance, they should consider co-prosperity with other companies and organizations. In addition, this study found that green innovation, which can contribute to the environment while consumers use products with green innovation, is also becoming central. Compared with previous studies, we expect that our alternative approaches to open and green innovation will contribute to corporate sustainability in the future.

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Section: Managerial Implicationsmentioning

confidence: 99%

Open for Green Innovation: From the Perspective of Green Process and Green Consumer Innovation

Yang

Roh

2019

Sustainability

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“…Companies focuses on transparent accountability (Aktar, 2013;Hardeck et al, 2021;Roh et al, 2014) Instrumental CSR It is concerned with incorporating a holistic perspective within its strategic planning and core business operations to uses its social responsibility activities to maximize its own economic and social value over the medium to long term. It enables the company to go beyond addressing the social and environmental concerns to set itself apart from its competitors and gain a competitive advantage.…”

Section: Representative Publicationsmentioning

confidence: 99%

Consumers' willingness to pay for corporate social responsibility: Theory and evidence

Singh

2023

Int J Consumer Studies

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In an era when consumers believe that businesses should engage in corporate social responsibility (CSR), it is vital to understand how it affects consumers' willingness to pay (WTP) for the goods and services offered by such businesses. There is a need for an in‐depth study into the relationship between CSR and WTP, and to identify the mediators and the moderators affecting this relationship. To investigate this, we conducted a systematic literature review based on a preliminary search result of 116 unique articles indexed on this topic in four bibliographic databases—Scopus, Google Scholar, Dimensions and Web of Science—published over the previous seven decades. The findings confirm the overall positive effect of CSR on WTP. This study also reveals the indirect effect between CSR and WTP, mediated by variables like Brand Trust, Brand Loyalty, Brand Love, Customer Satisfaction, Brand Attitude, Purchase Intention and Brand Equity. The relationship is impacted by moderators, including demographics, cause‐based aspects, company characteristics, personal aspects and types of products. The theory explaining the evidence of each of these aspects provides a deeper understanding of the relationship between CSR and WTP, and the intervening variables. Based on these, a conceptual framework of this relationship involving all the variables is developed. The Theory, Context and Method (TCM) framework is employed to identify gaps and systematically make recommendations for future research. The findings of this study will aid marketers in developing pricing strategies based on a thorough understanding of consumer behaviour in terms of CSR perceptions. Scholars can use this study's conceptual framework to examine previously unexplored relationships. As the literature on CSR and its influence on consumers' purchase behaviour grows, this comprehensive systematic literature review on the effects of CSR on WTP fills an important gap.

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“…Specifically, the efforts to understand private forest owners' behaviors and perception toward carbon are still in an incipient stage. Several domestic studies seek the feasibility of carbon-oriented forest management in private forests by calculating the optimum incentive level for maximizing forest carbon storage [3], estimating firms' willingness to pay for forest carbon credits [31], or estimating the opportunity cost of including carbon benefits in tree cutting ages [32]. Also, it has been reported that private forest owners are in need of financial, technical, informative, and administrative aids for investment in forest carbon projects [33,34].…”

Section: Literature Reviewmentioning

confidence: 99%

Perspectives of Private Forest Owners toward Investment in Forest Carbon Offset Projects: A Case of Geumsan-Gun, South Korea

Shin

Yeo‐Chang

2018

Forests

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Understanding and promoting South Korean private forest owners’ investment in the Forest Carbon Offset (FCO) scheme is crucial for enhancing carbon sequestration using forests in South Korea. This study aims to identify the factors of private forest owners associated with the investment decision in FCO projects. A total of 132 forest owners in Geumsan-gun, Chungcheongnam-do responded to a mixed-method survey. A chi-square test on the respondent groups shows that a forest management contract has a positive correlation with the forest owners’ willingness to invest in FCO projects. We also developed a logistic regression model for each forest owner group to estimate the effects of forest characteristics, experience of financial support, forest owner characteristics, and management characteristics on the forest owners’ willingness to invest in FCO projects. The results indicate that beliefs in climate change, size of forest holdings, tree species, stand age, experience in cost-sharing for forestry operations with public agencies, and timber harvest experience were significantly associated with the likelihood of a forest owner’s willingness to invest in FCO projects. Therefore, forest policies should take account of the factors influencing the likelihood of forest owners’ investment in FCO projects. We also found that the forest management contract scheme can be used as a policy instrument for promoting private forest owners’ action for climate change in South Korea.

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Contingent feasibility for forest carbon credit: Evidence from South Korean firms

Cited by 11 publications

References 22 publications

Open for Green Innovation: From the Perspective of Green Process and Green Consumer Innovation

Open for Green Innovation: From the Perspective of Green Process and Green Consumer Innovation

Consumers' willingness to pay for corporate social responsibility: Theory and evidence

Perspectives of Private Forest Owners toward Investment in Forest Carbon Offset Projects: A Case of Geumsan-Gun, South Korea

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