Environmental and social responsibility of companies cross EU countries – Panel data analysis

Lončar, Dejan; Paunković, Jane; Jovanović, Violeta; Krstić, Vesna

doi:10.1016/j.scitotenv.2018.11.482

Cited by 70 publications

(53 citation statements)

References 32 publications

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“…With air pollution and the gradual deterioration of the natural environment, it has deeply affected human health and future development. Scholars began to study the effect of CER on corporate profits from different perspectives, such as business performance, operating income, and external financing [2,27,30]. This paper focuses on a less-discussed aspect: investment efficiency.…”

Section: Discussionmentioning

confidence: 99%

“…Bartolacci et al [12] argued that the voluntary assumption of environmental responsibility by companies is helpful to improve the competitiveness of enterprises. Lončar et al [27] found that the environmental awareness of a company's board will help enterprises incorporate environmental protection in its processes and operations and attract more consumers to buy green products. Santos et al [28] found that manufacturers' adoption of green supply chain management for suppliers and/or customers can improve their operational performance and their benefits from it.…”

Section: The Role Of Cermentioning

confidence: 99%

“…Environmentally responsible companies are more in line with consumer preferences. Lončar et al [27] found that consumers are more likely to buy "green" products, which makes them feel connected to environmental protection. Niu et al [40] studied the attitudes of airline passengers in the aerospace industry and found that passengers are more inclined to choose environmentally friendly companies and that young people support the environmental protection activities of companies more than those of other groups.…”

Section: The Moderating Role Of Consumer Environmental Awarenessmentioning

confidence: 99%

See 2 more Smart Citations

Impact of Corporate Environmental Responsibility on Investment Efficiency: The Moderating Roles of the Institutional Environment and Consumer Environmental Awareness

2019

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The increasingly serious destruction of the natural environment represents a great threat to the sustainable development of human beings and the earth. Under pressure from the government and public opinion, companies must assume environmental responsibility; however, there is no conclusion on whether corporate environmental responsibility is beneficial to companies. From the perspective of investment efficiency, this paper collects panel data from Chinese listed companies from 2011 to 2016 to discuss the impact of corporate environmental responsibility on investment efficiency and the moderating role of the institutional environment and consumer environmental awareness. The results show that corporate environmental responsibility can significantly positively affect investment efficiency, but this effect is not a short-term effect; it needs time to play a role. Second, in regions with a good institutional environment, corporate environmental responsibility has a more significant impact on improving investment efficiency. Finally, with the improvement of consumer environmental awareness, companies that assume environmental responsibility can address underinvestment. The research in this paper supports stakeholder theory, indicating that corporate environmental responsibility is not “selfless dedication”. In addition, the research results of this paper are robust and not subject to endogenous influences.

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Section: Discussionmentioning

confidence: 99%

Section: The Role Of Cermentioning

confidence: 99%

Section: The Moderating Role Of Consumer Environmental Awarenessmentioning

confidence: 99%

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Impact of Corporate Environmental Responsibility on Investment Efficiency: The Moderating Roles of the Institutional Environment and Consumer Environmental Awareness

2019

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“…The social responsibility of companies is now limited in scale due to the limited access of the public to the necessary information the development of creative industries and the lack of funding in this area (Sasongko, 2018). Other two elements that have a positive impact on environmental protection are corporate ethics and innovation (Lončar, 2019). Environment strategies bring a plus of image and increase customer loyalty (Heesup, Jongsik and Wansoo, 2019).…”

Section: Figure No 1: Social Responsibility Initiatives In Accordancmentioning

confidence: 99%

Social Responsibility of Firms and the Impact of Bio-Economy in Intelligent Use of Renewable Energy Source

Andronie¹,

Simion²,

Gurgu³

et al. 2019

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Through its whole set of activities related to the invention, development, production and use of biological products and processes, bio-economy contributes significantly to the economy and to the progress of society by improving the sustainability of health, nutrition, energy efficiency, industry, environmental protection and human well-being in general. In this study, by creating an overview of the efficiency of renewable energy sources, in the context of sustainable resource management for preserving a healthy, diverse and resilient ecosystem, the research aimed to show the unused renewable energy sources at maximum potential in Romania, what are the reasons for their non-use, what are the opportunities and what are the solutions that can be adopted for the exploitation of these types of renewable energy sources in Romania. In the European Union, geothermal energy has already been well exploited and, in the future, will no longer make a significant contribution to increasing the productivity of renewable energies. Eurostat data was collected and processed using a linear regression model on the primary production of renewable energy in Romania and the rest of the European states for a period of 11 years (2005-2016); at the same time, statistical forecasts were made for the years 2017 and 2018 and was pursued to what extent social responsibility activities of companies is in line with the principles of bio-economy. In Romania, there is a very high potential for both geothermal energy that is insufficiently exploited to date and for the transformation of municipal waste into energy. It also explores the possibility of using intelligent information systems to optimize the exploitation of renewable energy sources. An important role in this effort is made by companies that, by adopting a Social Responsibility Code (CRS), can bring not only benefits, but also create a positive image with favorable consequences for all parties involved.

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“…Consumers are increasingly interested in green products [1], and firms are modifying technologies to provide green products [2,3]. In this context, adopting eco-innovation policies and putting them into practice has become an important area of economic and scholarly interest [4,5].…”

Section: Introductionmentioning

confidence: 99%

The Dynamic Process of Ambidexterity in Eco-Innovation

2020

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In recent years, firms’ sustainable management has been considered a key factor in the achievement of profits, but few studies analyze the antecedents and effects of eco-innovation. Our study proposes a model to analyze the factors that affect eco-innovation, as well as eco-innovation’s effects on dynamic ambidexterity. To pursue this goal, we developed a research model with panel data from 449 firms over five years from the telecom industry and tested the model using structural equations and partial least squares (PLS). Our results demonstrate the influence of R&D expenditure on eco-innovation. They show a slightly ordered sequence of exploration and exploitation results, indicating that some equilibrium between the two orientations is necessary. The study thus shows that eco-innovation facilitates ambidexterity in that exploration and exploitation alternate dynamically in the search for economic profit.

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Environmental and social responsibility of companies cross EU countries – Panel data analysis

Cited by 70 publications

References 32 publications

Impact of Corporate Environmental Responsibility on Investment Efficiency: The Moderating Roles of the Institutional Environment and Consumer Environmental Awareness

Impact of Corporate Environmental Responsibility on Investment Efficiency: The Moderating Roles of the Institutional Environment and Consumer Environmental Awareness

Social Responsibility of Firms and the Impact of Bio-Economy in Intelligent Use of Renewable Energy Source

The Dynamic Process of Ambidexterity in Eco-Innovation

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