Influence of product market competition and managerial competency on corporate environmental responsibility: Evidence from the US

Tsendsuren, Chuluunbat; Yadav, Prayag Lal; Han, Seung Hun; Kim, Ho-Hyun

doi:10.1016/j.jclepro.2021.127065

Cited by 36 publications

(31 citation statements)

References 54 publications

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“…Similarly, Sakunasingha et al [60] show that a firm's environment-friendly activities and profitability decline during a crisis. Managers ensure that the benefits outweigh the costs of CER investment to ensure survival, as scarce resources restrain managers and reduce the strength of an organization's financial opportunities under risk [3,61]. Notably, the interaction term "CPratio × Green_score" has a positive effect on sales, consistent with Hypothesis 3, implying that CER practices help in mitigating local risks and contribute to CFP improvement.…”

Section: Resultssupporting

confidence: 57%

“…MC refers to a manager's decision-making ability to effectively transform a firm's resources into revenue [37]; extant studies claim that this is as an important intangible asset of an enterprise. Competent managers possess superior knowledge, skills, and experience that they exhibit in strategic business operation roles, leading to a better financial performance and the ability to solve complex tasks, such as rescuing a firm from operational distress, financial crisis, product market competition, and industrial shocks [3,38]. Competent managers consider social responsibility practices as a strategic tool to display their ethical approach in addressing social demands under risk [21,39].…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…Moreover, other external factors such as corporate governance, local demographics, culture, and market competition may also motivate CER practices. For instance, the CER is found to be affected by the compensation structure [29], firm visibility in the media [4], social capital [5], and product market competition [3]. More comprehensively, Gillan et al [62] reviewed the financial economics based on previous studies focusing on various determinants such as market characteristics, boards and executives, ownership characteristics, firm risk, and firm performance and value on ESG and CSR in corporate finance.…”

Section: Limitation and Future Studiesmentioning

confidence: 99%

“…However, few studies have paid attention to the role of external factors in shaping corporate behaviors. Tsendsuren et al [3] highlight the fact that the product market competition setting is a perfect stage for managers to strategically incorporate CER practices to gain advantage in the competitive market. Li et al [4] show that a firm's visibility in the news and media encourages managers to enhance corporate social and environmental practices.…”

Section: Introductionmentioning

confidence: 99%

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The Effects of Managerial Competency and Local Religiosity on Corporate Environmental Responsibility

et al. 2021

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This study investigates the influence of local religious beliefs to evaluate managerial motives towards corporate environmental engagement, considering the growing attention of the role of external factors in shaping corporate behavior. Using Newsweek’s green rankings of the largest publicly traded US firms by market capitalization from 2014–2016, we find that competent managers show a higher strategic preference for corporate environmental practices in firms located in low-Protestant or high-Catholic areas exhibiting higher risk and uncertainty, which tend to mitigate the negative effects of risky environments. We find that corporate environmental practices positively influence the sales of firms in high risk-taking states. This study provides significant contributions to the literature documenting the consequences of local religious risk-taking behavior and elaborates on the perceptions of competent managers on environmental management. The results provide valuable insights for practitioners and policymakers looking to incorporate environmental practices.

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Section: Resultssupporting

confidence: 57%

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Section: Limitation and Future Studiesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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The Effects of Managerial Competency and Local Religiosity on Corporate Environmental Responsibility

et al. 2021

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“…Generally, the market demand is sensitive to the prices in two channels and corporate environmental responsibility level [70][71][72][73][74]. The linear function is commonly used to describe the price or green sensitive market demand in the supply chain [73,[75][76][77][78][79].…”

Section: Demand and Profit Functionsmentioning

confidence: 99%

Pricing and Channel Coordination in Online-to-Offline Supply Chain Considering Corporate Environmental Responsibility and Lateral Inventory Transshipment

et al. 2021

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In this study, we investigate pricing policy and coordination conditions in an online-to-offline supply chain considering corporate environmental responsibility and lateral inventory transshipment. First, we provide demand functions to capture effects of price, corporate environmental responsibility level, and preference degree of the consumer to online channel. Then, we build profit functions and develop three joint pricing and corporate environmental responsibility-level decision models for centralized decision (Scenario CD), retailer Stackelberg game (Scenario RS), and manufacturer Stackelberg game (Scenario MS). Furthermore, we determine the optimal decision policies by solving developed models, and conduct sensitivity analysis of significant factors. Finally, we use a revenue-sharing contract to realize supply chain coordination and find coordination conditions for Scenario RS and MS, and further show the impacts of revenue-sharing rate and investment cost sensitivity on the conditions using numerical studies. We find that optimal joint decision policies can be affected by significant factors to a varying degree. In certain conditions, the revenue-sharing contract can coordinate online-to-offline supply chains considering corporate environmental responsibility and lateral inventory transshipment. Our study proposes a new decision problem, constructs new joint decision models, determines new optimal joint policies, conducts new coordination analysis, and thus contributes to the research on supply chain operations considering corporate environmental responsibility and lateral inventory transshipment.

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The relationships between the multidimensional planned behavior model, green brand awareness, green marketing activities, and purchase intention

Baltaci,

Durmaz,

Baltaci

2024

Brain and Behavior

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IntroductionThis study investigates the determinants impacting consumer purchasing behavior.MethodsUtilizing multidimensional planned behavior theory alongside measures of brand awareness and green brand awareness, this study examines the mediating role of multidimensional planned behavior theory. Empirical data were gathered through a survey conducted among Generation Z university students, yielding 638 responses. Analysis was performed on 590 valid responses.ResultsFindings indicate that green marketing initiatives and green brand awareness positively influence consumers’ purchase intentions. Subdimensions of the theory of planned behavior (TPB), namely, attitude, subjective norms, and perceived behavioral control, serve to strengthen these relationships and mediate the interaction process.ConclusionThis study contributes novel insights to the burgeoning field of green marketing literature, offering a structural model for firms and policymakers. It suggests that companies can effectively engage in informal consumer education through green marketing efforts, thereby influencing consumers’ purchasing decisions via planned behavior. Moreover, such activities foster an increase in consumers’ green brand awareness, providing companies with an opportunity to promote conscious consumer behavior. The study's utilization of the TPB is both timely and original, particularly in its alignment with the United Nations 2030 Sustainable Development Goals.

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Influence of product market competition and managerial competency on corporate environmental responsibility: Evidence from the US

Cited by 36 publications

References 54 publications

The Effects of Managerial Competency and Local Religiosity on Corporate Environmental Responsibility

The Effects of Managerial Competency and Local Religiosity on Corporate Environmental Responsibility

Pricing and Channel Coordination in Online-to-Offline Supply Chain Considering Corporate Environmental Responsibility and Lateral Inventory Transshipment

The relationships between the multidimensional planned behavior model, green brand awareness, green marketing activities, and purchase intention

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