Challenges of the “green imperative”: a natural resource-based approach to the environmental orientation–business performance relationship

Mengüç, Bülent; Ozanne, Lucie K.

doi:10.1016/j.jbusres.2003.09.002

Cited by 467 publications

(374 citation statements)

References 56 publications

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“…SD practices can help firms to effectively manage and reduce risks (Zadek 2000). For example, such practices can assist individuals involved in health and safety in the workplace (Perrini et al 2011) or, more broadly, those who focus on environmental concerns (Menguc and Ozanne 2005). Nevertheless, the significant internal changes that SD requires are believed to introduce various risks.…”

Section: Risk Taking and Sdmentioning

confidence: 99%

Do Entrepreneurial SMEs Perform Better Because They are More Responsible?

2016

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Many scholars have investigated the direct impact of entrepreneurial orientation (EO) on performance, but this direct association seems both spurious and ambiguous because many parameters may have an indirect influence on this relationship. The present study thus considers sustainable practices-environmental practices, social practices in the workplace (SPW), and social practices in the community (SPC)-as three probable mediators in the relationship between EO and performance, which is considered in terms of its financial and non-financial dimensions. We seek to show to what extent small-and medium-sized enterprises' (SMEs) sustainable practices are useful assets, which are supported by EO, to improve performance. Using a structural equation modeling approach, data collected from 406 French SMEs were tested against the model. Our findings reveal that EO has a positive impact on the implementation of sustainable practices and that SPW partially mediate the link between EO and performance. Taken together, these findings suggest that EO plays a role in indirectly promoting performance by enhancing certain human resource management practices.

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Section: Risk Taking and Sdmentioning

confidence: 99%

Do Entrepreneurial SMEs Perform Better Because They are More Responsible?

2016

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“…Kraaijenbrink et al (2010) have provided a detailed review of the RBV as a theoretical paradigm. RBV has rich reputation as the underlying theoretical principle linking EP with FP (e.g., Russo and Fouts 1997;Klassen and Whybark 1999;Hart 1995;Hart and Ahuja 1996;Sarkis et al 2010;Menguc and Ozanne 2005). This theory explicitly discusses sources of financial bottom line in firms (Barney 1991;Wernerfelt 1984).…”

Section: Background and Theory On Environmental Performance-firm Perfmentioning

confidence: 99%

Understanding Complexity: the Curvilinear Relationship Between Environmental Performance and Firm Performance

Ramanathan

2016

J Bus Ethics

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The nature of the relationship between environmental performance (EP) and firm performance (FP) of corporations is a long standing and contentious issue in the literature. This study is intended to advance this debate by arguing for the existence of curvilinear relationship and empirically testing the same using survey data on UK manufacturing firms. FP is captured in terms of growth in sales and market share. Our results show evidence for a quadratic relationship-as firms improve their EP, they seem to achieve much higher levels of FP. These results are consistent with the resource-based view of a firm; as firms engage in EP activities, they are able to gain inimitable knowledge that helps in further learning to further improve performance. Based on our results, we suggest that new studies focus on strategies to extend the period of increasing returns and maximizing the benefits of the positive association between EP and FP.

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“…In fact, different papers have highlighted only partial aspects of the whole relationship. For example, some studies have analyzed the relationship between environmental management and environmental performance (Barla, 2007;Szymanski and Tiwari, 2004;Zhu and Sarkis, 2004); other papers have studied the connection between environmental management and financial performance (Melnyk et al, 2003;Menguc and Ozanne, 2005;Wahba, 2008), or between environmental performance and financial performance (Al-Tuwaijri et al, 2004;Nakao et al, 2007;Wagner, 2005;Wagner et al, 2002); and some previous papers have discussed the relationship between firm resources and financial performance (Aragó n-Correa and Sharma, 2003;Aragó nCorrea et al, 2008;Sharma and Vredenburg, 1998). However, these studies have ignored some mediator variables.…”

Section: Introductionmentioning

confidence: 99%

The whole relationship between environmental variables and firm performance: Competitive advantage and firm resources as mediator variables

López‐Gamero

Molina‐Azorín

Claver‐Cortés

2009

Journal of Environmental Management

338

246

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a b s t r a c tThe examination of the possible direct link between environmental protection and firm performance in the literature has generally produced mixed results. The present paper contributes to the literature by using the resource-based view as a mediating process in this relationship. The study specifically tests whether or not the resource-based view of the firm mediates the positive relationships of proactive environmental management and improved environmental performance with competitive advantage, which also has consequences for financial performance. We also check the possible link between the adoption of a pioneering approach and good environmental management practices. Our findings support that early investment timing and intensity in environmental issues impact on the adoption of a proactive environmental management, which in turn helps to improve environmental performance. The findings also show that a firm's resources and competitive advantage act as mediator variables for a positive relationship between environmental protection and financial performance. This contribution is original because the present paper develops a comprehensive whole picture of this path process, which has previously only been partially discussed in the literature. In addition, this study clarifies a relevant point in the literature, namely that the effect of environmental protection on firm performance is not direct and can vary depending on the sector considered. Whereas competitive advantage in relation to costs influences financial performance in the IPPC law sector, the relevant influence in the hotel sector comes from competitive advantage through differentiation.

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Challenges of the “green imperative”: a natural resource-based approach to the environmental orientation–business performance relationship

Cited by 467 publications

References 56 publications

Do Entrepreneurial SMEs Perform Better Because They are More Responsible?

Do Entrepreneurial SMEs Perform Better Because They are More Responsible?

Understanding Complexity: the Curvilinear Relationship Between Environmental Performance and Firm Performance

The whole relationship between environmental variables and firm performance: Competitive advantage and firm resources as mediator variables

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