Sustainable development and environmental ingenuities: The influence of collaborative arrangements on environmental performance
Sustainable development and environmental ingenuities: The influence of collaborative arrangements on environmental performance
Modern-day firms are under extreme pressure from diverse stakeholders to integrate environmentalism, mainly sustainable, social, and environmental ingenuities like biodiversity initiatives, into their business strategy. Collaborative arrangements in the form of business groups can positively influence sustainable development and environmental ingenuities by adhering to environmental policies and regulations and pursuing environmental orientation as they have a higher political or social visibility. However, such collaborations may negatively influence ecological and carbon footprints as their stronger political legitimacy means that they are less worried about undertaking legitimation activities in the drive toward environmental protection and restoration, such as enhanced sustainable social and environmental performance. This paper adds to the emerging conflicting business strategy and environment literature to resolve whether corporate's collaborative actions protect the environment or further deteriorate it in the form of increased or decreased sustainable social and environmental performance. Using a large sample of 21,086 firm-year observations from 2010 to 2018 in China (the world's biggest polluter), we find a negative and significant relationship between corporate's collaborative actions and sustainable social and environmental performance, implying that such collaborative arrangements have worse sustainable social and environmental performance than non-collaborative (individual) firms. The findings highlight vital guidelines in framing stratagems about ecological protection and restoration and effectively improving the environmental footprints of the firms. Our results constitute the interests of policymakers and controllers concerned with evaluating initiatives pertaining to ecological protection and sustainable development among the collaboratively managed enterprises.
business strategy, collaborative arrangements, environmental footprints, environmental performance, sustainable development
Shahab, Yasir
b7753ae4-760a-447f-9895-10269f5dfca3
Wang, Peng
9496fb0a-1c17-4b6b-a755-aedf19bb83e5
Tauringana, Venancio
27634458-b041-4bc1-94da-3e031d777e4f
6 July 2022
Shahab, Yasir
b7753ae4-760a-447f-9895-10269f5dfca3
Wang, Peng
9496fb0a-1c17-4b6b-a755-aedf19bb83e5
Tauringana, Venancio
27634458-b041-4bc1-94da-3e031d777e4f
Shahab, Yasir, Wang, Peng and Tauringana, Venancio
(2022)
Sustainable development and environmental ingenuities: The influence of collaborative arrangements on environmental performance.
Business Strategy and Development.
(doi:10.1002/bse.3199).
Abstract
Modern-day firms are under extreme pressure from diverse stakeholders to integrate environmentalism, mainly sustainable, social, and environmental ingenuities like biodiversity initiatives, into their business strategy. Collaborative arrangements in the form of business groups can positively influence sustainable development and environmental ingenuities by adhering to environmental policies and regulations and pursuing environmental orientation as they have a higher political or social visibility. However, such collaborations may negatively influence ecological and carbon footprints as their stronger political legitimacy means that they are less worried about undertaking legitimation activities in the drive toward environmental protection and restoration, such as enhanced sustainable social and environmental performance. This paper adds to the emerging conflicting business strategy and environment literature to resolve whether corporate's collaborative actions protect the environment or further deteriorate it in the form of increased or decreased sustainable social and environmental performance. Using a large sample of 21,086 firm-year observations from 2010 to 2018 in China (the world's biggest polluter), we find a negative and significant relationship between corporate's collaborative actions and sustainable social and environmental performance, implying that such collaborative arrangements have worse sustainable social and environmental performance than non-collaborative (individual) firms. The findings highlight vital guidelines in framing stratagems about ecological protection and restoration and effectively improving the environmental footprints of the firms. Our results constitute the interests of policymakers and controllers concerned with evaluating initiatives pertaining to ecological protection and sustainable development among the collaboratively managed enterprises.
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Accepted/In Press date: 12 June 2022
e-pub ahead of print date: 6 July 2022
Published date: 6 July 2022
Additional Information:
Funding Information:
Yasir Shahab acknowledges the financial support from the “National Natural Science Foundation of China” for “Research Fund for International Young Scientists” (Grant Number: 72150410446) and “Funds for High‐Level Talents of Xijing University (2019)” (Grant Number: XJ19B02).
Publisher Copyright:
© 2022 ERP Environment and John Wiley & Sons Ltd.
Keywords:
business strategy, collaborative arrangements, environmental footprints, environmental performance, sustainable development
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Local EPrints ID: 468551
URI: http://eprints.soton.ac.uk/id/eprint/468551
PURE UUID: 9e52cfe8-9790-42b4-a180-cb7fd8ddd7db
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Date deposited: 17 Aug 2022 17:22
Last modified: 17 Mar 2024 03:37
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Author:
Yasir Shahab
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