The Relationship between Waste Management Expenditure and Waste Reduction Targets on Selected JSE Companies

Maleka, Thabo Gerald; Nyirenda, Gibson; Fakoya, Michael Bamidele

doi:10.3390/su9091528

Cited by 8 publications

(6 citation statements)

References 89 publications

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“…Decreasing footprint is becoming a focal task of several firms since research has found that consumers are increasingly making purchase decisions led also by moral rationale and pro‐environmental motivation (Hoffmann & Hutter, 2012), confirming that the interest towards firm policies behind the products is rapidly growing (Grappi et al, 2017). Recent studies have also highlighted that consumers appreciate those firms that share information about their socially responsible activities (Griskevicius et al, 2010; Semmann et al, 2005), and good behavior towards the environment, such as commitment in reducing waste, could support firm in generating benefits that include improved firm's reputation (Maleka et al, 2017; Song et al, 2017). In fact, customers are more likely to acquire products from those firms they perceive as being environmentally responsible and that demonstrate to be compliant with sustainable principles (Grimmer & Bingham, 2013).…”

Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

Do circular economy practices affect corporate performance? Evidence from Italian large‐sized manufacturing firms

Mazzucchelli

Giudice

Bua

2022

Corp Soc Responsibility Env

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In recent years, corporate social responsibility has become the most outstanding challenges for firms and circular economy has emerged as an innovative business model able to transform corporate social responsibility into actions. Even if by adopting such a strategic model firms could enhance their performance, results continue to be mixed and unclear. The aim of the paper is twofold. First, the study investigates the effect of three circular economy practices (waste treatment, reduction and recycling), on brand reputation and financial performance. Second, the study tests the role of brand reputation in mediating the relationship between circular economy practices and financial performance. The findings highlight the crucial role of 3Rs practices and of brand reputation in enhancing firm performance. This paper contributes to a better understanding on the relationship between circular economy practices, as sustainable strategic and managerial practices, and firm performance, in both marketing and financial terms. Moreover, it sheds light on circular economy implementation and its effect at the firm level, by analyzing managers perceptions on how firms and policy makers have to incorporate the circular economy concept in their sustainability agenda.

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Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

Do circular economy practices affect corporate performance? Evidence from Italian large‐sized manufacturing firms

Mazzucchelli

Giudice

Bua

2022

Corp Soc Responsibility Env

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“…It is important to determine if other underlying factors have an influence on the dependent variable [ 75 ]. Hence, these factors should be tested prior to the independent variable to provide an alternate explanation for the findings.…”

Section: Methodsmentioning

confidence: 99%

Environmental Sustainability Commitment and Financial Performance of Firms Listed on the Johannesburg Stock Exchange (JSE)

Dzomonda

Fatoki

2020

IJERPH

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The importance of heeding the environmental sustainability commitment call cannot be underestimated. Laggards in terms of environmental sustainability commitment are likely to face fines and penalties as talks to tighten environmental legislation are now at an advanced stage globally. The current work assessed the link between environmental sustainability commitment and financial performance of firms listed on the Johannesburg Stock Exchange (JSE). The study was quantitative in nature with a case study research design. The longitudinal design was adopted where the researcher collected panel data from 2011–2018. The population of the study included all firms listed on the JSE Responsible Investment Index in South Africa. The sample constituted of 32 firms listed on the Financial Times Stock Exchange FTSE/JSE Responsible Investment Index in South Africa. The researchers employed the panel regression analysis model to analyze the data. Specifically, the Feasible Generalized Least Squares regression model was used in this study. Financial performance was treated as the dependent variable as measured by earnings per share and share price. The independent variables of the study included components of environmental sustainability such as carbon emission reduction and environmental compliance. Control variables such as firm size and liquidity were used in the study. The findings indicated that carbon emission reduction was positively and significantly related to earnings per share and share price. The findings further exhibited that environmental compliance was positively related to earnings per share and share price. It was concluded that firms can enhance their financial performance from environmental investment as all the hypotheses were supported. This study contributes practically towards shaping environmental policies and it also serves as motivation to listed companies that they can enhance both their profitability and market value from environmental investments.

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“…The ordinary least squares model is one of the most common approaches to analyzing panel data, as evidenced in the literature (Maleka et al, 2017;Mukwarami & Fakoya, 2022). However, OLS has shortcomings that should be considered before relying on the results.…”

Section: Panel Data Estimatorsmentioning

confidence: 99%

Environmental Management Expenditure and Fiscal Sustainability of South African Urban Municipalities: A Panel Data Model

Mukwarami,

Van der Poll

2023

IJSEI

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Globally, instituting good environmental management practices within cities in developing countries is a climate-induced risk mitigation strategy. It is, however, an opportunity for local municipalities to achieve fiscal sustainability objectives and environmentally responsible decisions. Cash-constrained local municipalities are characterized by failures to balance environmental and financial needs, resulting in complex urban sustainability challenges. Therefore, this article examines the relationship between environmental management expenditure and fiscal sustainability (FS) in South African local municipalities to contribute to the debate concerning the sustainability of environmental protection projects in local municipalities. The study employed ordinary least squares and feasible generalized least squares to estimate coefficients of linear regression equations involving data collected from 30 local municipalities from 2012 to 2021. The results suggest that only wastewater and environmental protection expenditures positively impact FS, with solid waste management expenditure influencing the FS negatively. Lessons from the research will assist policymakers and municipal administrators in addressing environmental policy incoherence for the improved financial viability of environmental protection projects. Lastly, future research can focus on environmental data collection and reporting for improved and informed environmental protection decisions.

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The Relationship between Waste Management Expenditure and Waste Reduction Targets on Selected JSE Companies

Cited by 8 publications

References 89 publications

Do circular economy practices affect corporate performance? Evidence from Italian large‐sized manufacturing firms

Do circular economy practices affect corporate performance? Evidence from Italian large‐sized manufacturing firms

Environmental Sustainability Commitment and Financial Performance of Firms Listed on the Johannesburg Stock Exchange (JSE)

Environmental Management Expenditure and Fiscal Sustainability of South African Urban Municipalities: A Panel Data Model

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