Service vs. manufacturing: how to address more effectively eco-innovation public policies by disentangling the different characteristics of industries

Segarra‐Oña, Marival; Mondéjar-Jiménez, José; Vargas-Vargas, Manuel

doi:10.1080/13511610.2013.863705

Cited by 16 publications

(10 citation statements)

References 16 publications

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“…However, for future research, it would be more intriguing to expand the data to include developed countries such as the U.S. and those in the EU and to compare the effect of CER practices on the cost of debt financing. In particular, according to previous studies, investors in Europe appear to constitute an investment portfolio that emphasizes impact investing or eco-efficiency [52][53][54]. However, investors in emerging markets are still in the early stages of impact investing.…”

Section: Discussionmentioning

confidence: 99%

Non-Financial Environmental Responsibility Information, Information Environment, and Credit Ratings: Evidence from South Korea

Yoo

2021

Sustainability

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The purpose of this study was to analyze which dimensions of non-financial environmental responsibility information are more reflected in credit ratings. The non-financial environmental responsibility information used in this study was environmental strategy, environmental organization, environmental management, environmental performance, and stakeholder communication. Based on 1085 companies listed on the Korean capital market from 2013 to 2018, this study reports that the more companies engage in environmental responsibility activities, the better their credit ratings are. Specifically, it found that companies with higher environmental performance and stakeholder communication activities received better credit ratings, while higher environmental management and environmental strategy scores had a relatively weak influence. This indicates that among the corporate environmental responsibilities, the more activities requiring relatively little discretion from managers are performed, the more the reputation capital that is accumulated through corporate environmental responsibility (CER) activities, which leads to higher credit ratings. These associations were found to be strengthened in an information environment where there is a higher degree of information asymmetry and the lifecycle of a firm is at a maturity stage.

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Section: Discussionmentioning

confidence: 99%

Non-Financial Environmental Responsibility Information, Information Environment, and Credit Ratings: Evidence from South Korea

Yoo

2021

Sustainability

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“…Table 3 provides the items of the construct elaborated from the surveyed companies for the measurement of investments related to CE activities. Company size was considered as a control variable [110]. Table 3.…”

Section: Measurement and Variablesmentioning

confidence: 99%

Financial Resources for the Circular Economy: A Perspective from Businesses

et al. 2019

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In recent years, a number of case studies of the circular economy in business have been analysed by academics. However, some areas of research are little explored at the micro level, such as the study of the characteristics of the financial resources applied to investments to introduce circular activities in businesses. Therefore, the main objective of this study is to define the resources applied to circular activities by firms. To describe the influence of financial resources on achieving a more advanced circular economy in business is also an objective of this paper. Using a sample of Spanish companies, we applied a partial least square structural equation model (PLS-SEM) to enhance the knowledge about financial resource management in the framework of the resource-based view. We find that availability of funds, quality of the firm’s own financial resources and public subsidies have a positive effect in stimulating the implementation of circular economy initiatives in businesses.

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“…Firms increasingly face market shifts as consumers grow sensitive to the environmental impact of production [44]. Customers' demand of environmentally friendly products promotes a firm's green investments [10,18,25,34,[45][46][47], through which the firm shows commitment to "green values" [10,46,48], improving its reputation [19,49,50]. Indeed, consumers prefer goods produced in a responsible manner [9].…”

Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

Environmental vs. Social Responsibility in the Firm. Evidence from Italy

Ferri

Pini²

2019

Sustainability

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Sustainable behavior should necessarily benefit both the environment and society. However, we cannot take for granted that socially responsible firms are also environmentally responsible—e.g., a firm might benefit its stakeholders while degrading the environment—and the reverse applies too—e.g., an environmentally responsible firm might disrespect its employees. Consequently, our purpose is checking whether social responsibility and green investments—proxying for a firm’s environmental responsibility—are complements, substitutes, or unrelated choices. Using a representative sample of Italian manufacturing firms, our econometric estimates uncover the empirical relationship between social responsibility and green investments at firm level. We find evidence of complementarity, since socially responsible firms: (i) Are systematically more likely to make green investments; (ii) identify green investments as a voluntary choice promoting business competitiveness much more than other firms. Finding complementarity between social and environmental responsibility has important implications. Policies favoring the transition to sustainable development should adopt a systemic approach considering the positive spillovers of Corporate Social Responsibility (CSR) on environmental responsibility. Our evidence also suggests that firms indeed tend to behave in ways consistent with the holistic approach of the 2030 UN Agenda for sustainable development. Additional research should study how governance affects the CSR–environmental responsibility nexus.

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Service vs. manufacturing: how to address more effectively eco-innovation public policies by disentangling the different characteristics of industries

Cited by 16 publications

References 16 publications

Non-Financial Environmental Responsibility Information, Information Environment, and Credit Ratings: Evidence from South Korea

Non-Financial Environmental Responsibility Information, Information Environment, and Credit Ratings: Evidence from South Korea

Financial Resources for the Circular Economy: A Perspective from Businesses

Environmental vs. Social Responsibility in the Firm. Evidence from Italy

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