The paper aims to explore the impact of environmental sustainability and financial resources utilization on a firm’s financial performance through the mediation of leadership style in the manufacturing sector of Pakistan. First, a conceptual framework is devised among the relationship of exogenous and endogenous variables and the hypotheses are examined conferring to the relationships in the conceptual framework. Data is collected using a questionnaire from a sample of 47 registered manufacturing firms (Chemical, Pharmaceuticals). Then, the study is supported by neoclassical theory, resource-based theory, and financial slaked theory, multiple regression analyses are implemented with the data analyzed by the partial least square equation. The research results indicate that the utilization of financial resources has a positive relationship with firm financial performance. In the short run, the adoption of environmental sustainability is negatively related to the firm financial performance with a transactional leadership style, but in the long run, it will give positive impacts on the firm financial performance with transformational leadership. The comparative analysis of Leadership styles showed that transactional leadership style mediates better results than transformational leadership for the manufacturing sector of Pakistan. The study affords the modern ways, provides new insights to organizations, top management, and policymakers for the implementation of environmental sustainability and leadership skills for enhancing firm performance.
The current study explores the association of human capital, foreign direct investment, economic growth and population with the environment in Pakistan. Our study adopted the time series econometric estimation methodology autoregressive distributed lag model (ARDL) over 1980-2019. Interestingly our study results show that increase in human capital will clean the environment in both the short and long run. The study also validates the pollution haven hypothesis by proving the positive link of foreign direct investment with the ecological footprint. The findings also corroborate the existence of the long-run linkage of economic growth with the environment. The study suggests that policymakers and government officials should develop and promote the education sector that eventually mitigates environmental degradation.
This research looks at the connections between FDI, renewable and nonrenewable energy, human capital, and the environment in Pakistan. Using data collected from 1998 to 2020, this study uses the autoregressive distributed lag (ARDL) method to quantify the interdependencies between various conceptual frameworks. All variables tested had a significant impact on FDI in the long run. The environment coefficient is significantly negative. In addition, there is a positive indication of significance for the coefficients of renewable energy, non-renewable energy, and human capital acquired through formal education. Based on the findings of this research, it is recommended that national governments take steps to attract more FDI.
Decreased environmental degradation has come to the forefront of policy debates and academic investigations. Using data from the Pakistan economy, which accounts for a substantial amount of global carbon emissions, investigate the effects of energy efficiency, human capital, renewable energy, and economic growth on the environment from 1990 to 2020. We reveal the influence of human capital by focusing on education investment to provide an understanding of the necessity of policy-making in Pakistan to prevent environmental deterioration. According to the findings, human capital expansion is substantially associated with lower CO2 emissions. Using the autoregressive distributed lag model (ARDL) estimate method, we present a complete analysis of the energy efficiency-environmental deterioration nexus. Energy efficiency, renewable energy, and human capital all are adversely associated and considerable influence on the environment. To attain a green environment, the study recommends strategies to boost energy efficiency, renewable energy, and human capital.
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