Revisiting Stakeholder Theory and Environmentalism: Evidence from an Emerging Economy

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 eme...

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Published inSustainability Vol. 12; no. 20; p. 8751
Main Authors Saleem, Farida, Zhang-Zhang, Yingying, Malik, Muhammad Imran, Allui, Alawiya
Format Journal Article
LanguageEnglish
Japanese
Published Basel MDPI AG 21.10.2020
Subjects
Boards of directors
Climate change
Competition
corporate environmental activities
Customers
Decision making
emerging economy
Emerging markets
Employees
Environmentalism
Influence
Legitimacy
silent stakeholder
Stakeholders
Stockholders
Strategic management
sustainability strategy
Pakistan
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Summary: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.
Bibliography:ObjectType-Article-1
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ISSN:2071-1050
2071-1050
DOI:10.3390/su12208751