Eco‐environmental footprint and value chains of technology multinational enterprises operating in emerging economies

Attah‐Boakye, Rexford; Adams, Kweku; Yu, Honglan; Koukpaki, Adebayo Serge Francois

doi:10.1002/jsc.2479

Cited by 13 publications

(4 citation statements)

References 77 publications

(124 reference statements)

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“…When businesses and consumers embrace environmentally friendly practices, it boosts the economy and adds to overall environmental expenditures. This will lead to a decrease in China's carbon impact [160].…”

Section: Discussionmentioning

confidence: 99%

How Do Industrial Ecology, Energy Efficiency, and Waste Recycling Technology (Circular Economy) Fit into China’s Plan to Protect the Environment? Up to Speed

et al. 2022

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The challenges of environmental protection are especially prevalent in South and Southeast Asian nations, which adversely affects their sustainable developmental goals. During the last two decades, increased industrialization and urbanization have caused massive air pollution, particularly in the most industrialized and densely populated countries. Due to China’s fast economic expansion and development, the demand for natural resources has increased, resulting in climate change, biodiversity loss, soil degradation, and environmental risks. China’s ecological footprint has been the subject of little investigation on the premises of a circular economy. This study used a literature review methodology on the critical key factors that hinder or facilitate the transition of a linear economy towards a circular economy. Further, based on the literature review, this study used industrial ecology, energy efficiency, and waste recycling technology factors to analyze the role of the circular economy on the country’s environmental sustainability agenda for the period of 1975–2020. The results show that in the short run, the link between ecological footprints and per capita income is monotonically decreasing; however, in the long run, the relationship is U-shaped. In both the short and long run, waste recycling technology and cleaner manufacturing significantly decrease ecological footprints. Renewable energy consumption increases ecological footprints in the short run but decreases them in the long run. The management of natural resources reduces ecological footprints to support the ‘resource blessing’ hypothesis. The Granger causality corroborated the unidirectional relationship between ecological footprints, oil rents, and urbanization and ecological footprints. In addition, economic growth Granger causes industrialization and waste recycling technology while green energy Granger causes economic growth, industrialization, and recycling technology. The two-way link between economic development and urbanization exists within a nation. The variance decomposition analysis (VDA) predicts that in the future, China’s natural resources, green energy demand, and technological spillover will limit its ecological footprint through material and technology efficiency.

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Section: Discussionmentioning

confidence: 99%

How Do Industrial Ecology, Energy Efficiency, and Waste Recycling Technology (Circular Economy) Fit into China’s Plan to Protect the Environment? Up to Speed

et al. 2022

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“…Specifically, we considered UA, MA, and long‐term orientation as the cultural dimensions to study, because these cultural dimensions should be more relevant on strategic management (Krueger et al, 2013). Furthermore, more recently, Peng and Zhang (2022), Attah‐Boakye et al (2022), and Frijns et al (2022) underline that UA, MA, and short termism determine an effect on the capacity of management to achieve economic and noneconomic performance, more prominently than Hofstede's other cultural dimensions.…”

Section: Literature Reviewmentioning

confidence: 99%

The financial and green effects of cultural values on mission drifts in European social enterprises

Esposito

Doronzo²,

Dicorato

2022

Bus Strat Env

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The sustainable social enterprises (SEs) literature shows that SEs have to simultaneously pursue economic, social, and environmental aims. However, tensions between these objectives can make this a challenging task and lead towards mission drift. This work investigates if the cultural dimension can forecast the mission drift. We empirically analyze this relationship in three stages. In the first stage, we identify a homogeneous dataset of 287 sustainable SEs from seven EU countries from 2011 to 2020. Then, in the second stage, we apply the data envelopment analysis (DEA) methodology to calculate the efficiency of the SEs. An efficient SE has to simultaneously achieve social, environmental, and economic aims. We calculate a proxy of the mission drift and generate a dichotomous category variable that assigns value 1 to the SE not affected by mission drift, 0 otherwise. In the last stage, we implement the 2SLS logistic regression between the variable that identifies the SEs affected by mission drift and three cultural dimensions: avoidance of uncertainty, masculinity, and short‐term orientation.

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“…Although the turbulences put most firms under strain, Bifulco et al (2023) state that the COVID‐19 shock did not induce firms to decrease their efforts in ESG management, probably because of the effect on equity market investors, seeking ESG stocks to diversify and hedge their portfolios. On the contrary, several studies have emphasized how in response to this period of crisis, companies have increased their commitment to sustainable activities (Attah‐Boakye et al, 2022; Karmani et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

Creating value through diversity: Analysis of the strategic management of BoD diversity in favor of sustainable performance

Paolone,

Bifulco,

del Mar Perona Alfageme

2024

Strategic Change

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In this article, we explore the impact of the characteristics of the Board of Directors (BoD) on environmental, social, and governance (ESG) performance for European listed companies and its evolution during the period 2018/2021. The purpose of this study is to understand if and how the BoD characteristics influence the ESG performance of the major listed companies in the EU before and after the COVID‐19 breakthrough. The COVID‐19 pandemic is taken as a reference point in time, considering that several studies show that, even in a health crisis with economic repercussions for the whole world, companies have continued to increase their commitment to ESG practices. The sample is composed of 600 European listed companies and covers the period from 2018 to 2021. The ESG score and the other variables are collected for all companies included in the STOXX 600 index (from the Refinitiv Workspace database) and analyzed using the ordinary least square (OLS) panel regression analysis at country and industry level covering the period 2018–2021. The results of our analysis show no significant relationship between BoD characteristics (in terms of gender diversity, cultural diversity, and special skills) and ESG performance in the pre‐COVID‐19 era. In the post‐COVID‐19 era, gender diversity is the only characteristic of the BoD, among those investigated, capable of influencing nonfinancial performance. This result, in line with the resource density theory, is justified by the increase in the average number of women in the BoD in the two‐year period 2020–2021 compared to the previous one (2018–2019). We offer theoretical and practical implications to enhance ESG performance by combining BoD characteristics. We finally contribute to enhance the debate on the relevance of the BoD characteristics and ESG performance relationship providing consistent findings to emphasize the quality of the BoD for the ESG reporting and performance.

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Eco‐environmental footprint and value chains of technology multinational enterprises operating in emerging economies

Cited by 13 publications

References 77 publications

How Do Industrial Ecology, Energy Efficiency, and Waste Recycling Technology (Circular Economy) Fit into China’s Plan to Protect the Environment? Up to Speed

How Do Industrial Ecology, Energy Efficiency, and Waste Recycling Technology (Circular Economy) Fit into China’s Plan to Protect the Environment? Up to Speed

The financial and green effects of cultural values on mission drifts in European social enterprises

Creating value through diversity: Analysis of the strategic management of BoD diversity in favor of sustainable performance

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