Pro-Environmental Consumption: Is It Really All About the Environment

Abstract

This study investigates the impact of corporate governance and foreign ownership on the flow of firm-specific information to stock prices in Turkey. This study contributes to the existing literature by examining the relation between governance, ownership and stock price synchronicity that describes firm level information asymmetry and transparency in Turkey. We examine the effects of CEO duality, board independence, board size and foreign ownership on the amount of firm-specific information incorporated into share prices, as measured by stock price synchronicity, for listed firms in Borsa Istanbul 100 Index over 2009-2014 period. We support the view that the R square value in one of the emerging stock markets, Turkey is relatively high. We find that firms with better corporate governance, more independent directors in the board and higher foreign ownership have more firm-specific information incorporated into stock prices and less stock price synchronicity.

Do We Care about Going Green? Measuring the Effect of Green Environmental Awareness, Green Product Value and Environmental Attitude on Green Culture. An Insight from Nigeria

“…In Indonesia, researchers like Julina [33] upheld that environmental awareness can influence individual attitude, which will translate into performing a green culture. Research conducted by Paul et al [34], and Koksal and Tuger [35] found that environmental awareness influences environmental attitude. In Malaysia, the study of Aman et al [36] rejects the influence of environmental awareness on environmental attitude, and the studies of Levine [37], Hartmann and Apaolaza-Ibazez [38] shows no sign.…”

Willingness to Pay for Environmental Quality: The Effects of Pro-Environmental Behavior, Perceived Behavior Control, Environmental Activism, and Educational Level

“…PEB was measured using a 10-statement scale including 3-R activities (reduce-recycle-reuse) and green buying decisions. The 10 statements were adapted from the study carried out by Cleveland et al (2005), Trivedi et al (2015) and Dursun et al (2016): “I switch off the lights in the rooms that are not being used,” “I close the water tap while I do my dish washing,” “I close the water tap while brushing my teeth,” “I sort soda cans for recycling,” “I sort papers and cardboard for recycling,” “I sort glass containers for recycling,” “I reuse the backside of printed sheets as draft paper,” “I buy fruit and vegetables grown without pesticides or chemicals,” “I buy paper products that are made from recycled materials” and “I buy household detergents and cleaning solutions that are environmentally friendly.” Respondents rated each item using a 10-point Likert-type scale (1 = never do it to 10 = always do it ).…”

“…For example, Nezakati et al (2014) selected the TPB to build a model aimed to investigate the intention to purchase green products; Al Mamun et al (2018) propose a model derived from the TPB model to explain both willingness to pay for environmentally friendly products and payment behavior for environmentally friendly products. Parallel to this, we find several investigations into pro-environmental intentions, exploring the effect of specific factors based on context-specific models: Han et al (2011) investigated whether personal attitudes (i.e., regarding severity of environmental problems, inconvenience of being environmentally friendly, importance of being environmentally friendly, and level of responsibility of business corporations) affect the intentions to pay more for a green hotel; Trivedi et al (2015) proposed a model in which willingness to pay for environmentally friendly products is explained by PEB and environmental locus of control; Biswas (2016) investigates the association and interaction of consumers’ perceptual or behavioral factors, external contextual factors, and responsiveness to corporate environmental performance on willingness to pay price premium for green products; Dursun et al (2016) examines the predictive power of six self-determined motivational types and value orientations to two types of pro-environmental intentions—preference for a high environmental performance car and intention to donate to an environmental organization; Sang et al (2020) developed a research model to explain the influencing factors of consumers’ willingness to purchase green housing.…”

Traces of cultural and personal values on sustainable consumption: An analysis of a small local swap event in Izmir, Turkey

“…In the last decade, the research on responsible consumption, sustainable consumption, and green marketing in the Turkish context has intensified with several foci. Because the literature is mainly originating from marketing, economy, and finance fields, the research topics are mostly related to the factors that affect purchase decisions, such as the different theoretical explanations of pro‐environmental behaviors, the effects of personal values on sustainable consumption, environmental consumption decisions (Ay, 2017; Dursun, Kabadayi, Köksal, & Tuger, 2016), and evaluation methods of sustainable consumption behaviors (Dogan, Bulut, & Çimrin, 2015; Dursun, Kabadayı, & Tuğer, 2018).…”