Green intentions under the blue flag: Exploring differences in EU consumers’ willingness to pay more for environmentally‐friendly products

Gregory‐Smith, Diana; Manika, Danae; Demirel, Pelin

doi:10.1111/beer.12151

Cited by 41 publications

(32 citation statements)

References 110 publications

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“…This shift is important since, in order to thrive in the future, businesses should have the ability to efficiently use their resources and develop their expertise to address the challenges of environmental constraints (Menguc and Ozanne 2005 ). Opportunities for environmentally sustainable actions by smaller businesses are also supported by the growing number of consumers who are willing to pay extra for eco-friendly products (Gregory-Smith et al 2017 ; Namkung and Jang 2017 ).…”

Section: Literature Reviewmentioning

confidence: 99%

What are the drivers and barriers for green business practice adoption for SMEs?

Purwandani

Michaud

2021

Environ Syst Decis

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The depletion of natural resources as a byproduct of widespread, global economic growth has urged entrepreneurs to think about the environment when starting or conducting business. However, several of these smaller-sized firms struggle with implementing environmentally conscious business practices, especially Small and Medium Enterprises (SMEs), which represent more than 95% of all private sector firms. This study uses a survey method to assess and better comprehend the key drivers and barriers of green business practices by SMEs in the State of Ohio (USA). Results from our study show that a majority of respondents reported that they have implemented green practices, broadly defined, within their business. The two main drivers for deciding to engage in such practices are internal motivations and the opportunity to obtain a better public image. However, respondents also noted a lack of capital as the central barrier to implementing green business practices. We also observe that smaller firms, and firms located in urban areas, are more familiar with green business practices than larger firms and firms that are located in rural areas. Our results can be used by government and business actors alike, especially in states comparable to Ohio, as a benchmark to consider better strategies, programs, and policies for implementing green business techniques. Overall, this research helps to better discern best practices and ways to develop more prosperous SMEs without undermining the quality of the environment. Supplementary Information The online version contains supplementary material available at 10.1007/s10669-021-09821-3.

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Section: Literature Reviewmentioning

confidence: 99%

What are the drivers and barriers for green business practice adoption for SMEs?

Purwandani

Michaud

2021

Environ Syst Decis

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“…(Ayuso, ; Rivera, ). Other studies have suggested that customers with a strong sustainability value can demand the increased integration of sustainability issues into the firms’ operations (Ayuso, ; Best & Thapa, ; Gregory‐Smith, Manika & Demirel, ). Second, organizations can also adopt certain practices through mimetic mechanisms (Meyer & Rowan, ; Scott, ).…”

Section: Theoretical Perspectivesmentioning

confidence: 99%

Greening the hospitality industry in the developing world: Analysis of the drivers and barriers

Mzembe

Melissen

Novakovic

2018

Business Ethics: A Eur Rev

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The implementation of sustainability agendas in the tourism and hospitality industry in developing countries has received little scholarly attention. Working to fill this gap, this paper provides a holistic analysis of the drivers of, and barriers to, sustainability initiatives in the Malawian hospitality industry. Drawing insights from the resource-based view and institutional theory, it highlights that tensions between global and local norms and values are as important as tensions between internal organizational factors and the isomorphic forces within the organizational fields for implementing sustainability agendas. The paper further reveals the mediating role played by firm size and ownership. It, thus, makes a contribution to the understanding of the role of business in society by focusing on the complex dynamics associated with the adoption of sustainability agendas in an under-researched context, and demonstrating how tensions between internal organizational factors and local societal expectations within the host countries can shape the nature and focus of the sustainability agenda itself.

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“…The stakeholders' awareness of social responsibility of firms have been increased. Firms, governments, regulatory authorities, investors and consumers all over the world pay more attention for environmental sustainability issues (Gregory-Smith et al 2017). The societies around the world are greatly concerned in recognizing that firms are really committed to environmental protection from issues like emissions, climate change, contamination, and other environmental influences arising from the operations of firms.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Environmental Sustainability Disclosure on Stock Return of Saudi Listed Firms: The Moderating Role of Financial Constraints

Alsahlawi

Chebbi

Ammer

2021

IJFS

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Environmental sustainability represents nowadays a significant factor for business sector. Firms carry out many initiatives to develop environmental practices. Investors increasingly consider environmental discloser by firms and integrate this disclosure into the investment decision-making process. Using a database of Saudi listed firms, this study adds to the literature by examining the relationship between the environmental sustainability disclosure and stock return and whether this relationship is moderated by the financial constraints. We find that the environmental sustainability disclosure has significant and negative impact on stock return, indicating that investors do not consider environmental disclosure when valuing the stocks. Furthermore, our results propose that the negative impact of environmental disclosure on stock return is more evident in firms with financial constraints. This study provides managerial implications for regulatory authorities, firms and investors. The environmental practices can be value relevant. However, these practices need to be efficiently integrated into stock valuation.

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Green intentions under the blue flag: Exploring differences in EU consumers’ willingness to pay more for environmentally‐friendly products

Cited by 41 publications

References 110 publications

What are the drivers and barriers for green business practice adoption for SMEs?

What are the drivers and barriers for green business practice adoption for SMEs?

Greening the hospitality industry in the developing world: Analysis of the drivers and barriers

The Impact of Environmental Sustainability Disclosure on Stock Return of Saudi Listed Firms: The Moderating Role of Financial Constraints

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