The role of environmental management control systems for ecological sustainability and sustainable performance

Rehman, Shafique Ur; Bhatti, Anam; Kraus, Sascha; Ferreira, João J.

doi:10.1108/md-06-2020-0800

Cited by 93 publications

(115 citation statements)

References 48 publications

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“…The correlation coefficients are less than 0.75 (Kennedy, 2003). Additionally, as shown in Table 6, the variance inflation factors (VIF) value is inferior to 5 and the tolerance values are superior to 0.20 (Hair et al , 2014; Rehman et al , 2020; Rehman et al , 2021). Hence, there is no serious multicollinearity problem among the independent variables included in the models.…”

Section: Empirical Findingsmentioning

confidence: 99%

Does corporate social responsibility affect dividend policy? Empirical evidence in the French context

Salah

Amar

2022

JGR

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Purpose The purpose of this paper is to focus on the impact of corporate social responsibility (CSR) on dividend policy in the French context. In addition, the authors seek to determine if the individual components of CSR influence dividend policy. Design/methodology/approach This study uses panel data methodology for a sample of French non-financial firms between 2008 and 2018. Generalized least squares method is used to estimate the models. Findings Using panel data methodology for a sample of 825 observations for the period 2008–2018, this study finds a positive impact of CSR practices on dividend policy. The authors also find that individual components of CSR positively influence dividend policy. To check the robustness of the results, this study further runs a sensitivity tests, including an alternative measure of dividend policy, all of which confirm the findings. Practical implications This study has examined the impact of CSR on dividend policy in France and may have implications for regulatory, investors, analysts and academics. First, the involvement in CSR best practices encourages companies to pay more dividends to investors. Therefore, investors are more motivated to invest in socially responsible firms than socially irresponsible firms. Second, given the association of CSR with the quality of accounting information and financial markets, regulators should step up recommendations relating to the different societal dimensions of CSR. Originality/value While little previous work has focused on the causal link between CSR and dividend policy, this research is the first, to the authors’ knowledge, to have looked at the impact of CSR on dividend policy in France.

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Section: Empirical Findingsmentioning

confidence: 99%

Does corporate social responsibility affect dividend policy? Empirical evidence in the French context

Salah

Amar

2022

JGR

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“…One possible way to deal with this challenging situation is the development of EI capability of an organization as the notion of EI introduces the concept of green product manufacturing ( Belhadi et al, 2020 ), green administration ( Singh et al, 2020 ), and green innovation practices during the process of new product development ( Carrión-Flores and Innes, 2010 ). More specifically some scholars have stressed that innovation related to ecology not only induces the overall performance of an organization but also enhances its sustainable performance ( Rehman et al, 2021 ). EI is organizational executions and variations concentrating on the environment, with inferences for corporations’ products, manufacturing processes, and marketing, with different degrees of novelty ( Watson et al, 2018 ).…”

Section: Literature and Hypothesesmentioning

confidence: 99%

“…EI is organizational executions and variations concentrating on the environment, with inferences for corporations’ products, manufacturing processes, and marketing, with different degrees of novelty ( Watson et al, 2018 ). Different researchers have also regarded EI as the green innovation in their studies and have poised that such practices eventually improve ENP capability and sustainable performance of a firm ( Carrión-Flores and Innes, 2010 ; Long et al, 2017 ; Yu et al, 2017 ; Rehman et al, 2021 ). According to Ong et al (2019) , EI is a crucial function for improving the EP of an organization.…”

Section: Literature and Hypothesesmentioning

confidence: 99%

Improving Firm’s Economic and Environmental Performance Through the Sustainable and Innovative Environment: Evidence From an Emerging Economy

et al. 2021

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Businesses in the present era are dealing with a complex and unprecedented brew of social, environmental, and technological trends. This requires sophisticated, sustainability-based management. Yet organizations are often reluctant to place sustainability core to their business strategies with the mistaken belief that the costs associated with environmental investments outweigh the benefits. The Global Climate Risk Index has placed Pakistan on 5th position in the list of nations, most susceptible to climate change in its recent report. Pakistan lost the lives of 9,989 people, incurred economic losses of $ 3.8 billion, and faced 152 shocking climates between 1999 and 2018. Based on this information, it is established that Pakistan’s susceptibility to climate change is growing unprecedentedly and industrial pollution is one of the biggest contributors in this respect. The country needs to take emergency measures to address this issue. With this background, the present study aims to investigate the impact of environmental sustainability on environmental and economic performance (EP) with the mediating effect of environmental innovation (EI) in the manufacturing sector of Pakistan. The results show that environmental sustainability is a significant predictor of environmental performance and EP and EI mediates this relationship. The findings of the present study provide better insights to policymakers to address the environmental degradation, resulting from industrial pollution.

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“…Hence, environmental strategy and GI mediate the relationship between CSR and firm performance. Rehman et al (2020) document the mediating role of business strategies, environmental management control system (MCS) packages and organisational capabilities on the association between a firm's CSR (ecological sustainability) and sustainable performance. Rehman et al (2021a) examine the association between a firm's intellectual capital (IC) and the innovative performance through the mediating role of MCS and business strategies and the moderating role of innovation capabilities.…”

Section: Introductionmentioning

confidence: 99%

The sustainability reporting-firm performance nexus: evidence from a threshold model

Bansal

Samad

Bashir

2021

JGR

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Purpose This study aims to provide a convincing argument behind the mixed findings on the association between sustainability reporting and firm performance by investigating the possibility of a non-linear relationship through a threshold model. Design/methodology/approach This study used (Hansen’s 1999) threshold framework to investigate the relationship between firm performance and sustainability reporting using a sample of 210 Bombay Stock Exchange-listed firms spanning over 10 years from March 2010 to March 2019. This framework helps to test the threshold effect’s presence, estimate the threshold value and check the authenticity of the estimated threshold value. Findings Sustainability reporting has a differential threshold impact on the different indicators of firm performance. On the one hand, the authors’ results illustrate that the firms’ operating performance is positively impacted if and only if the sustainability reporting crosses a certain threshold. On the other hand, sustainability reporting positively impacts firms’ market performance only up to a cut-off point. Practical implications Managers should strive to balance sustainability reporting to reap its desired benefits on firm performance. Originality/value This study explores the possible non-linearity in the association between firm performance and sustainability reporting and explains the relationship’s inconclusive results. Further, this study explores the field in the novel emerging economy with unique institutional settings that mandate spending on sustainability activities.

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The role of environmental management control systems for ecological sustainability and sustainable performance

Cited by 93 publications

References 48 publications

Does corporate social responsibility affect dividend policy? Empirical evidence in the French context

Does corporate social responsibility affect dividend policy? Empirical evidence in the French context

Improving Firm’s Economic and Environmental Performance Through the Sustainable and Innovative Environment: Evidence From an Emerging Economy

The sustainability reporting-firm performance nexus: evidence from a threshold model

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