Firm-Level Attributes, Industry-Specific Factors, Stakeholder Pressure, and Country-Level Attributes: Global Evidence of What Inspires Corporate Sustainability Practices and Performance

Gold, Nusirat Ojuolape; Taib, Fauziah Md.; Ma, Yi

doi:10.3390/su142013222

Cited by 10 publications

(5 citation statements)

References 112 publications

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“…Guenther et al (2016) found that environmental disclosure can be used by firms as a marketing tool to attract and retain their customers. In a similar vein, Gold et al (2022) confirm that firms have started providing environmental information to satisfy the demands of green customers. Furthermore, Chithambo et al (2022) argue that if consumers or suppliers realize that the activities of the firm can harm the natural environment, they may terminate their relationship with the firm.…”

Section: 34mentioning

confidence: 62%

Unraveling the impact of stakeholder pressure on carbon disclosure in an emerging economy

Bedi,

Singh

2023

SRJ

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Purpose The purpose of this paper is to seek to shed light on the influence of stakeholder pressure on carbon disclosure in an emerging economy. Design/methodology/approach The present study is based on Bombay Stock Exchange 100 Indian firms for the period of 5 years from 2016–17 to 2020–21. The association between stakeholder pressure and carbon disclosure, along with certain control variables, has been explored through a regression model. Findings The results of the study suggest that stakeholders exert a significant influence on corporate carbon disclosure. Further results confirm that regulatory and customer pressure have the most significant and positive influence, while shareholders and creditors exert a significant and negative influence on carbon disclosure. The study also finds that employee pressure does not have any association with carbon disclosure. Practical implications This study adds to the existing literature on climate change, carbon disclosure and stakeholder pressure. Social implications The present study provides useful insights to corporate managers and policymakers as the study concludes that stakeholders exert a significant influence on carbon disclosure. Originality/value Previous studies examining the stakeholder pressure on carbon disclosure ignored emerging economies, while the present study has considered India, which is a developing as well as an emerging economy. Further, to the best of the authors’ knowledge, the current study is the first of its kind to investigate the stakeholder pressure on carbon disclosure in the Indian context. The present study develops a comprehensive index to measure corporate carbon disclosure.

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Section: 34mentioning

confidence: 62%

Unraveling the impact of stakeholder pressure on carbon disclosure in an emerging economy

Bedi,

Singh

2023

SRJ

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“…2.2 Firm-level factors affecting sustainable value creation in global markets: the key role of managers Prior studies have explored various firm-level attributes which could influence sustainable practices, such as board size, gender diversity, CEO duality among others (Gold et al, 2022). Firm level factors are deemed to dominate country-level ones, in terms of impacting firms' environmentally sustainable activities (Banerjee et al, 2019).…”

Section: Conceptual Model and Research Propositionsmentioning

confidence: 99%

“…Prior studies have explored various firm-level attributes which could influence sustainable practices, such as board size, gender diversity, CEO duality among others (Gold et al. , 2022).…”

Section: Conceptual Model and Research Propositionsmentioning

confidence: 99%

Balancing people, planet and profit: export strategies for sustainable value creation

Lages,

Silva,

Canhoto

et al. 2024

SAMPJ

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Purpose Businesses are increasingly called upon to support the improvement of society and the environment, and one way to do so is by expanding into international markets, particularly through exports. Despite the importance and recognised challenges of a global approach to sustainable value creation, sustainability research tends to focus on domestic contexts. This paper aims to identify the boundary conditions linking sustainable value creation practices with firm performance in the international context. Design/methodology/approach The authors merge the sustainable value creation and the international marketing literature to develop two propositions that capture the emerging nature of the field and the lack of concluding evidence regarding the link between international sustainable value creation practices and firm performance. The authors test these propositions empirically by analysing 519 responses to a survey of exporting firms in Portugal, using fuzzy-set qualitative comparative analysis. Findings The authors identify seven configurations that support sustainable value creation in an international context. These consist of varying levels of standardised and tailored offers, management experience and competitive intensity. Practical implications The identification of seven different configurations helps managers decide whether and how to innovate when pursuing sustainable value creation opportunities in international markets. Social implications The authors propose that an effective way for governments to achieve national and transnational social and environmental agendas is to help businesses that pursue sustainable value creation to succeed in international markets. Given that four of the seven pathways to improve export performance that the authors identified require international management experience, the authors posit that an effective way to support the internationalisation of those businesses is through targeted training programmes and knowledge-sharing initiatives. Originality/value The authors respond to calls for research to integrate the sustainable value creation and the international marketing literatures, to identify how and when firms can create sustainable value creation in an international context and thus support the resolution of global, social and environmental problems. The finding that there are multiple configurations that support this goal explains why empirical evidence collected thus far is inconclusive and helps identify the boundary conditions of existing theory.

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“…While prior research has probed the correlation between corporate governance regulations and CLG, investigations exploring the relationship between ESG performance and CLG are relatively scarce. This void exists despite the evident role of CLG systems in shaping the sustainability performance of firms (Gold et al, 2022). Second, our motivation extends to investigating the impact of CLG on sustainability while considering the attainment of the United Nations' SDGs.…”

Section: Sustainable Development Goalsmentioning

confidence: 99%

Country-level governance and sustainable development goals: implications for firms’ sustainability performance

Almaqtari,

Elsheikh,

Hussainey

et al. 2023

SEF

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Purpose The purpose of this study is to examine the impact of country-level governance on sustainability performance, taking into account the effect of sustainable development goals (SDGs) and board characteristics. Design/methodology/approach This study uses panel data analysis using fixed effect models to investigate the influence of country-level governance on sustainability performance while considering the effect of SDGs and board characteristics. The sample comprises 8,273 firms across 41 countries during the period spanning from 2016 to 2021. The sample is divided into two categories based on the score of SDGs. Findings The findings of this study show that countries with high SDGs score have better overall country-level governance and board attributes which have a statistically significant positive impact on sustainability performance. However, for those countries with low SDGs, political stability shows a statistically insignificant and negative impact on sustainability performance, while government effectiveness indicates a statistically insignificant positive impact on sustainability performance. Originality/value This study contributes to the literature by providing empirical evidence on the relationship between country-level governance, SDGs, board characteristics and sustainability performance. The study also highlights the importance of considering the effect of SDGs on the relationship between country-level governance and sustainability performance. The findings of this study could be useful for policymakers and firms in improving their sustainability performance and contributing to sustainable development.

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Firm-Level Attributes, Industry-Specific Factors, Stakeholder Pressure, and Country-Level Attributes: Global Evidence of What Inspires Corporate Sustainability Practices and Performance

Cited by 10 publications

References 112 publications

Unraveling the impact of stakeholder pressure on carbon disclosure in an emerging economy

Unraveling the impact of stakeholder pressure on carbon disclosure in an emerging economy

Balancing people, planet and profit: export strategies for sustainable value creation

Country-level governance and sustainable development goals: implications for firms’ sustainability performance

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