Exploring role of environmental proactivity in financial performance of manufacturing enterprises: a structural modelling approach

Sen, P.K.; Roy, Mousumi; Pal, Parimal

doi:10.1016/j.jclepro.2015.05.076

Cited by 54 publications

(29 citation statements)

References 75 publications

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“…• Cost-based competitive advantages (CAC): In order to assess cost-based competitive advantages, we opted for a similar approach to the one adopted by Atienza-Sahuquillo and Barba-Sánchez [80] and Sen et al [81] who use items relating to water, energy and raw material consumption.…”

Section: Competitive Advantagementioning

confidence: 99%

“…• Financial performance (FP): Following López-Gamero et al [79], Sen et al [81] and Endrikat et al [82], we employed return on asset (ROA), return on equity (ROE), and value-added to measure financial performance.…”

Section: Company Performancementioning

confidence: 99%

“…In this study, we have used two control variables which are generally accepted by environmental literature [45,79,81]: the size of the company and its age. The size of the company is measured on the basis of two items: number of employees and turnover; and was included to control the effect of scale economies on FP [2].…”

Section: Control Variablesmentioning

confidence: 99%

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Environmental Proactivity and Firms’ Performance: Mediation Effect of Competitive Advantages in Spanish Wineries

Junquera

Barba‐Sánchez

2018

Sustainability

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Abstract:The main aim of this paper is to show the extent to which environmental proactivity is able to generate competitive advantages in a firm in order to improve their economic-financial performance by introducing the role of managerial perception into the analysis. This study focuses on Spanish wineries and their environmental practices and covers a total of 4598 wineries with a sample of 142 valid responses during the month of November 2015. The results can be summarized as follows. Firstly, there is positive environmental proactivity in terms of obtaining both cost-based and differentiation-based competitive advantages. Likewise, this proactivity has a positive impact on the manager's perception of performance. Secondly, obtaining differentiation-based competitive advantages has a positive impact on the manager's perception of performance although a negative impact on performance itself. There is, however, no significant evidence of the impact of cost-based competitive advantages on financial performance nor on the perception of performance itself, nor the impact of environmental proactivity on financial performance.

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Section: Competitive Advantagementioning

confidence: 99%

Section: Company Performancementioning

confidence: 99%

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Environmental Proactivity and Firms’ Performance: Mediation Effect of Competitive Advantages in Spanish Wineries

Junquera

Barba‐Sánchez

2018

Sustainability

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“…It gains consensus among the academicians and practitioners that financial performance is highly associated with the environmental approach, inserted to the organisational function (Sen, Roy and Pal 2015;Friede, Busch and Bassen 2015;Albertini 2013). The previous study proposes sales ratio or cash flow, sales growth, and return on equity to measure the financial performance (Chen, Feldmann and Tang 2015).…”

Section: Financial Performancementioning

confidence: 99%

“…Later research added that one of the significant outcomes of the firm's improved environmental performance was the positive financial performance (Sen, Roy and Pal 2015) and it is evident in the hotel setting (Tan, Muzafar, Tan and Choon 2017). Most of the previous studies measure environmental performance based on the pollution emission (Gholami, Sulaiman, Ramayah, and Molla 2013;Hart and Ahuja 1996) and waste or resources reduction (Tan et al 2017;Gholami et al 2013).…”

Section: Environmental Performancementioning

confidence: 99%

Green Employee Empowerment and Green Physical Evidence: The Green Service Strategy to Enhance Firm Performance

Tiong¹,

Sondoh²,

Igau³

et al. 2017

AJBR

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The bright side of emerging industries is that they help to increase incomes across the nation, yet, they contribute to environmental degradation. Moreover, when more people are concerned about the environmental impact, this reduces the firm's competitiveness. Thus, what strategy does the firm need to consider in order to improve the environment, which in the meantime, may also secure financial performance, and what causal effect does this strategy have on their competitive advantage? To address these questions, this study seeks to explore the relationship between green service strategies and the firm's performance from the aspects of employee empowerment and physical evidence. This study further examines the mediating effect of differentiation advantage. Data were collected from 110 green hotels in Malaysia, and the PLS-SEM technique was applied to assess the research model. Analysis of the direct relationship shows that the green physical evidence has a significant effect on the differentiation advantage and is directly significant to the relationship between the differentiations of two performance constructs. The results also demonstrate that the green physical evidence has a significant influence on the financial and environmental performance while mediated by the differentiation advantage. This study is essential for future researchers and practitioners as it provides new literature and new insight into green marketing strategies.

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The relationship between emissions reduction and financial performance: Are Portuguese companies in a sustainable development path?

Robaina

Madaleno

2019

Corp Soc Responsibility Env

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Companies are increasingly adopting strategies that simultaneously reduce their negative impact on the environment and minimize the extraction of natural and energy resources, used as inputs in their production process. The concern for the sustainable development of countries and regions and environmental sustainability of companies is increasingly present. Nevertheless, does it make up for the increased costs to protect the environment? The objective of this study is to evaluate how the environmental performance (EP) and the financial performance (FP) of companies are related, applying to the specific case of Portuguese companies during the 2008-2016 period.The relationship between pollution and FP reveals to be positive. Still, firms regard EP as additional costs, and these efforts do not seem to be strong enough to lead to a better FP. Both munificence and resource slack are included and reveal to have positive effects over FP and in the EP-FP relationship. Highlights• Pollution and financial performance relationship is positive (negative EP-FP link).• Environmental performance are additional costs; firms favor financial performance.• Munificence and slack have positive effects over financial performance.• Munificent environments provide an opportunity for environmental investments.• Scarce slack resources: less willingness to undertake social-responsible actions. K E Y W O R D S environmental munificence, environmental performance, environmental sustainability, financial performance, Portuguese companies, resource slack

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Exploring role of environmental proactivity in financial performance of manufacturing enterprises: a structural modelling approach

Cited by 54 publications

References 75 publications

Environmental Proactivity and Firms’ Performance: Mediation Effect of Competitive Advantages in Spanish Wineries

Environmental Proactivity and Firms’ Performance: Mediation Effect of Competitive Advantages in Spanish Wineries

Green Employee Empowerment and Green Physical Evidence: The Green Service Strategy to Enhance Firm Performance

The relationship between emissions reduction and financial performance: Are Portuguese companies in a sustainable development path?

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