Environmental Proactivity and Firms’ Performance: Mediation Effect of Competitive Advantages in Spanish Wineries

Junquera, Beatriz; Barba‐Sánchez, Virginia

doi:10.3390/su10072155

Cited by 40 publications

(56 citation statements)

References 102 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Our data confirm that aspects related to sustainability and CSR have a positive impact on the manager's perception of performance, as highlighted by authors such as Junquera and Barba and Sánchez et al [13] and González-Benito and González-Benito [83]. Environmental management today must be considered from a strategic perspective as it has a positive effect on competitiveness.…”

Section: Discussionsupporting

confidence: 88%

“…Both literature and business practice recognize the need to align the principles of business management with the values of society. Thus, for example, authors such as Schmidt et al [2] and Junquera and Barba-Sánchez [13] have recently highlighted the importance of including the concepts of sustainability and/or CSR in frontline strategy and firms' management.…”

Section: Discussionmentioning

confidence: 99%

“…In this sense, sustainability involves recognizing that the decisions and results of a companies' activities affect a broad spectrum of social actors, over and above its partners and shareholders [2,12]. For instance, environmental management, when it is adequately managed, may have a positive effect on the firms' competitiveness and should be considered in their global strategy [13].…”

Section: Csr and Smesmentioning

confidence: 99%

“…In this sense, firms can expect more favorable attitudes from their stakeholders [7]. One example is the customers' attitudes toward products in terms of perceived quality, reliability, and loyalty [13,21,42,48,49].…”

Section: Antecedents Of Financial Valuementioning

confidence: 99%

“…CSR, then, will have an impact on the financial value of the company. Therefore, under these conditions, shareholders' interests and sustainability and social responsibility may coexist [13].…”

Section: Antecedents Of Financial Valuementioning

confidence: 99%

See 4 more Smart Citations

Sustainability and Business Outcomes in the Context of SMEs: Comparing Family Firms vs. Non-Family Firms

López-Pérez¹,

Melero‐Polo

Vázquez‐Carrasco

et al. 2018

Sustainability

View full text Add to dashboard Cite

Society is demanding more sustainable and socially responsible business models. Therefore, the concept of sustainability has become a cornerstone to help understand the success of many firms in the current competitive context. However, the context of SMEs has received little attention thus far. In order to solve this gap this article analyses the links between sustainability practices and business outcomes—both financial and non-financial (i.e., image and reputation)—for small and medium-size enterprises (SMEs). In addition, the study strives to analyze the potential differences between family firms and non-family firms. To this end, a quantitative study is carried out using PLS techniques to analyze a sample of SME owners and managers with a view to testing the proposed model based on the Stewardship Theory and Socioemotional Wealth Theory. In this sense, our study is pioneering in that it aims to assess—from a quantitative viewpoint—the moderator role of family firms on a series of relevant sustainability-driven outcomes. The data suggest that, in SME contexts, sustainability influences the corporate reputation, brand image, and financial value of the company. Importantly, we find that the profile (family vs. non-family) of the firm moderates the links between sustainability and business outcomes. Hence, our findings have important implications for sustainability implementation in SME contexts. Finally, we provide a series of guidelines aimed at maximizing the effectiveness of sustainability-based business practices.

show abstract

Section: Discussionsupporting

confidence: 88%

Section: Discussionmentioning

confidence: 99%

Section: Csr and Smesmentioning

confidence: 99%

Section: Antecedents Of Financial Valuementioning

confidence: 99%

Section: Antecedents Of Financial Valuementioning

confidence: 99%

See 3 more Smart Citations

Sustainability and Business Outcomes in the Context of SMEs: Comparing Family Firms vs. Non-Family Firms

López-Pérez¹,

Melero‐Polo

Vázquez‐Carrasco

et al. 2018

Sustainability

View full text Add to dashboard Cite

show abstract

Examining environmental proactivity in the Spanish wine industry: The moderating role of size

Carchano,

Carrasco,

González

2023

Agribusiness

View full text Add to dashboard Cite

The value of proactive environmental strategies to achieve and maintain competitive advantages in the business sphere has been widely acknowledged in recent years. However, mixed results can still be found regarding the determinants and consequences of the implementation of such practices. This study investigates the determinants of environmental proactivity in Spanish wineries, focusing on the role of company size in linking internal motivations and stakeholder pressure with proactive environmental strategy using the natural resource‐based view. So far, no research of this type has been carried out for the Spanish wine sector. A structural equation model is proposed based on partial least squares applied to a sample of 251 wine companies to evaluate both the direct relationships and the moderating effect. The study identifies internal motivations, community pressure, and regulatory pressure as determinants of proactive environmental strategy. Company characteristics play an essential role in decision‐making when dealing with environmental issues proactively. Small companies tend to be more influenced by internal motivations, while larger companies are driven to undertake environmental actions based on external pressures. Additionally, we found that managers who take a proactive approach to environmental protection can achieve financial rewards. These findings provide important implications for both policymakers and managers by offering new theoretical and empirical insight into how proactive environmental strategy affects financial performance in the case of Spain's wine companies. [EconLit Citations: O31, Q55, C30].

show abstract

Analysis the nexus between internationalization and financial performance in wine industry: The effect of proactive environmental strategy and eco‐innovation

Carchano,

Carrasco,

González

et al. 2024

Corp Soc Responsibility Env

View full text Add to dashboard Cite

The importance of international environmental strategies in the business sphere has gained recognition in recent times. These strategies not only have the potential to generate competitive advantages but also to maintain them over time. However, despite their increasing relevance, differences in outcomes and implementation implications exist, suggesting the need for a more detailed analysis of the determinants and consequences of these practices. Based on original data from 251 Spanish wineries and using structural equation modeling, this study explores how internationalization can drive the implementation of environmental practices and financial performance by investigating the role of proactive environmental strategy and the mediating effect of eco‐innovation. Our findings demonstrate that a proactive environmental strategy has a positive impact on both internationalization and eco‐innovation. Furthermore, it was found that the internationalization strategy has a significant positive effect on eco‐innovation. The more internationalized companies are, the more likely they are to engage in eco‐innovation. Eco‐innovation is crucial for increasing profits in international markets. While internationalization alone does not guarantee higher profitability, combining it with eco‐innovations significantly improves the financial performance of companies, highlighting the importance of sustainability and environmental innovation in global business strategy.

show abstract

Environmental Proactivity and Firms’ Performance: Mediation Effect of Competitive Advantages in Spanish Wineries

Cited by 40 publications

References 102 publications

Sustainability and Business Outcomes in the Context of SMEs: Comparing Family Firms vs. Non-Family Firms

Sustainability and Business Outcomes in the Context of SMEs: Comparing Family Firms vs. Non-Family Firms

Examining environmental proactivity in the Spanish wine industry: The moderating role of size

Analysis the nexus between internationalization and financial performance in wine industry: The effect of proactive environmental strategy and eco‐innovation

Contact Info

Product

Resources

About