2022
DOI: 10.1002/sd.2314
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How financial performance influences investment in sustainable development initiatives in the airline industry: The moderation role of state‐ownership

Abstract: This study aims to broaden the research on the influence of financial performance (FP) on sustainable development activities proxied by environmental, social, and governance (ESG) disclosure in the airline industry. In addition, we examine the moderating effect of state‐ownership on the FP‐ESG relationship. Based on data collected from 36 airlines worldwide for the period 2008–2019, we found that ESG is negatively and significantly influenced by FP. This result implies that the willingness of airlines to contr… Show more

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Cited by 10 publications
(2 citation statements)
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References 97 publications
(143 reference statements)
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“…However, in the methodology approach, there is a higher focus on regressions than on the content analysis considered in previous studies. In addition, the airline industry has recently been included in a sample of recent studies [102,103]. The new topics that have emerged in recent studies are investment efficiency and ESG ratings.…”
Section: Current Topics and Recommendations For Future Researchmentioning
confidence: 99%
“…However, in the methodology approach, there is a higher focus on regressions than on the content analysis considered in previous studies. In addition, the airline industry has recently been included in a sample of recent studies [102,103]. The new topics that have emerged in recent studies are investment efficiency and ESG ratings.…”
Section: Current Topics and Recommendations For Future Researchmentioning
confidence: 99%
“…Finally, upon the proposed knowledge map, one of the key necessities is to take local resilience and sustainable transformation into consideration. It is advisable that positive policy changes could be realized to fulfill this agenda, particularly in the efforts of implementing a multi-stakeholder regulatory strategy (Abdi et al , 2022) to create both internal resilience and external defense to unforeseen global health disasters (Ntounis et al , 2022).…”
Section: Conclusion Implications Limitations and Future Researchmentioning
confidence: 99%