2020
DOI: 10.3390/su12208751
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Revisiting Stakeholder Theory and Environmentalism: Evidence from an Emerging Economy

Abstract: In this study, we evaluated corporate environmental activities within the framework of stakeholders’ concerns and taking an emerging economy as the field of study. This paper integrates the stakeholder theory and corporate environmental behavior to develop a model and then tests this model in an emerging economy context. Data were collected through a questionnaire survey from managers operating in a variety of industries in Pakistan. A structural equation modeling technique has been used for data analysis. Res… Show more

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Cited by 9 publications
(13 citation statements)
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References 72 publications
(149 reference statements)
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“…Lastly, hotel guests from a developing country such as Pakistan might have a lower level of environmental awareness. Recent investigations [17,18] on customer behavior toward environmentalism in developing countries have identified customers as inconsequential stakeholders with little to no knowledge about environmental issues.…”
Section: Limitation and Future Directionsmentioning
confidence: 99%
See 1 more Smart Citation
“…Lastly, hotel guests from a developing country such as Pakistan might have a lower level of environmental awareness. Recent investigations [17,18] on customer behavior toward environmentalism in developing countries have identified customers as inconsequential stakeholders with little to no knowledge about environmental issues.…”
Section: Limitation and Future Directionsmentioning
confidence: 99%
“…Pakistan, a developing market, presents a different country-level context. The attitude and behavior of customers toward the environmental activities of firms including hotels are very different from that of customers from developed economies [17,18]. Hence, in order to better understand factors affecting the proenvironmental behavior of hotel guests, a comprehensive model using the moral norm-activation theory by Schwartz [19] and the theory of planned behavior [20] was proposed and analyzed.…”
Section: Introductionmentioning
confidence: 99%
“…Meanwhile, the Stakeholder Theory (Freeman, 1984) contends that businesses should take care of different stakeholders' well-being, instead of merely focusing on maximizing profit. Stakeholders' demands have increasingly emerged as social pressure that can influence organizational strategy in recent years, as organizations must conform to regulatory requirements and accepted norms of behavior in the society Saleem et al, 2020).…”
Section: Introductionmentioning
confidence: 99%
“…Managers' environmental knowledge is not meaningful if it is unable to build the commitment that can lead to green actions. Thus far, only some studies (e.g., Cantor et al, 2013;Kim et al, 2015;Saleem et al, 2020) evaluated the linkage between top managers' environmental commitment (EC) and green practices in the hotel industry. Moreover, factors that shape such commitment among the top managers remain under-explored.…”
Section: Introductionmentioning
confidence: 99%
“…[11]. Various governments and regional regulatory bodies have also legislated to decrease the impact of the manufacturing and marketing of products on the environment [12]. The European Union (EU)'s environmental tax is an example of such regulation implemented at the regional level [13].…”
Section: Introductionmentioning
confidence: 99%