Stakeholder pressure, corporate environmental ethics and green innovation

Rui, Zhengyun; Lu, Yifeng

doi:10.1080/19761597.2020.1783563

Cited by 66 publications

(83 citation statements)

References 37 publications

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“…Similarly, Shahab et al [60] found CEO attributes as predictors of sustainable performance and institutionally driven environmental policies. The emphasis of top management on environmental issues make these issues more salient and can result in generating response [42,61]. In the light of the above results following hypotheses are proposed.…”

Section: Top Management Commitmentmentioning

confidence: 94%

“…The customers feel that today's ecological problems are severe and corporations are not acting reasonably toward these problems [39,40]. Environmental proactivity by firms is associated with pressures from the customer group [39,41]; as a result, many firms have started turning green due to green consumerism [39,41,42]. The rise of environmental concern among consumers has been viewed as perhaps the biggest opportunity for enterprise and invention the industrial world has ever seen.…”

Section: Consumers' Concernmentioning

confidence: 99%

“…Firms try to mimic the visible and well-defined activities of others, such as environmental audits, certified environmental management systems, and other pro-environmental activities when these activities are part of industry practices or their competitor is doing it. This also saves them from suffering public or financial sanctions because of the legitimacy that is conferred since many players are engaged in the same practice [38,42]. Recognition by market forces will be given to the firms that follow proactive environmental technologies; these recognitions by industry forces put pressure on firms to change their environmental strategy to compete in the industry [7,38,43].…”

Section: Competitors' Concernmentioning

confidence: 99%

See 2 more Smart Citations

Revisiting Stakeholder Theory and Environmentalism: Evidence from an Emerging Economy

et al. 2020

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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. Results revealed that regulatory bodies are the most significant while media, customers, and activists are insignificant stakeholders. Top management commitment is identified as an important endogenous and exogenous variable.

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Section: Top Management Commitmentmentioning

confidence: 94%

Section: Consumers' Concernmentioning

confidence: 99%

Section: Competitors' Concernmentioning

confidence: 99%

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Revisiting Stakeholder Theory and Environmentalism: Evidence from an Emerging Economy

et al. 2020

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“…RL positively moderates the positive relationship between stakeholder pressure and corporate environmental ethics [88]. Different orientations of RL have been found to have varying moderating effects: two orientations of RL with a wide stakeholder focus positively moderated the relationship between responsible governance and CSR, while the two orientations with a narrow stakeholder focus negatively moderated the same relationship [60].…”

Section: Meso-levelmentioning

confidence: 94%

Responsibility beyond the Board Room? A Systematic Review of Responsible Leadership: Operationalizations, Antecedents and Outcomes

et al. 2021

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For more than two decades, researchers have aimed to measure responsible leadership. This has resulted in several survey instruments and parallel streams of research, making it difficult to carve out the core. We systematically review 28 studies measuring responsible leadership (RL). A qualitative content analysis of RL survey instruments is conducted to identify the core aspects across measures, as well as synthesizing the evidence, mapping antecedents, and mapping the outcomes of RL. Findings show that 24 studies in the sample were published during the last two years, indicating a growth spurt in the field. Most survey instruments on RL measure leadership of the individual direct leader, while a few have a wider focus, such as leadership of the organization. Four themes were identified across RL survey instruments: accountable role model, inclusive facilitator, inventive planner and benevolent value creator. Our review contributes to the establishment of a joint platform for future research. In addition to providing a systematic account of evidence, our analysis points at research gaps and gives a basis for a critical discussion on nature as a stakeholder. Avenues for future research are outlined.

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“…Green innovation requires a large investment and has a low success rate. The greater a managers’ environmental awareness is, the better equipped they are to identify the potential benefits and market opportunities of green innovation [ 46 , 47 ], thereby increasing the success of their enterprises’ green innovation. In addition, managers with greater environmental awareness pay more attention to the sustainable development of their enterprises.…”

Section: Background and Hypothesesmentioning

confidence: 99%

Stock Market Liberalization and Corporate Green Innovation: Evidence from China

Zhang

Cheng

2021

IJERPH

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Corporate green innovation is an effective way to achieve energy conservation and emission reduction. Enterprises’ willingness to pursue green innovation is increasingly affected by external factors. By using a quasi-natural experiment of China’s Stock Connect program, we investigate the impact of stock market liberalization on corporate green innovation. We find that stock market liberalization increases enterprises’ green innovation, especially for state-owned enterprises. We also find that stock market liberalization plays a stronger role in promoting the green invention patents of enterprises whose managers have overseas experience and enterprises in areas with a higher degree of openness. Our mechanism analysis suggests that stock market liberalization attracts the attention of securities analysts and increases managers’ focus on environmental protection, thereby promoting corporate green innovation. Our findings show that stock market liberalization plays an important role in the governance of firms’ non-financial behavior, which has important theoretical and practical implications.

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Stakeholder pressure, corporate environmental ethics and green innovation

Cited by 66 publications

References 37 publications

Revisiting Stakeholder Theory and Environmentalism: Evidence from an Emerging Economy

Revisiting Stakeholder Theory and Environmentalism: Evidence from an Emerging Economy

Responsibility beyond the Board Room? A Systematic Review of Responsible Leadership: Operationalizations, Antecedents and Outcomes

Stock Market Liberalization and Corporate Green Innovation: Evidence from China

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