“…Conventional ERs may lead to an insignificant level of efficiency and hinder the firm"s innovative processes and strategies, which could lead to long-term consequences (Zhuge, Freeman, & Higgins, 2020). Moreover, according to Demirel, Iatridis, and Kesidou (2018), conventional ER and other policies are part of a collective process that consists of rules to protect the environment in the region or country (Fang, Liu, & Gao, 2019). One set of regulations have a direct impact on environmental legal issues, which mainly focus on the management of certain natural resources, such as minerals, fisheries, and forests.…”