Determinants of firms' greenness towards sustainable development: A multi-country analysis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F23%3A39919421" target="_blank" >RIV/00216275:25410/23:39919421 - isvavai.cz</a>
Result on the web
<a href="https://onlinelibrary.wiley.com/doi/10.1002/bse.3275" target="_blank" >https://onlinelibrary.wiley.com/doi/10.1002/bse.3275</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1002/bse.3275" target="_blank" >10.1002/bse.3275</a>

Result language
angličtina
Original language name
Determinants of firms' greenness towards sustainable development: A multi-country analysis
Original language description
A higher greenness of firms is crucial for the mitigation of climate change and other environmental pollution problems. This paper analyses the drivers of a greening of firms from a theoretical and empirical perspective. Three theoretical concepts-the stakeholder theory, the institutional theory and the resource-based view-contribute to identifying the determinants of firms' greenness. In our empirical analysis based on recent World Bank data, greenness is measured by different environmentally related measures firms adopted over the preceding 3 years, such as more climate-friendly energy generation, waste minimisation and the improvement of lighting systems. The results of probit and negative binomial regressions show that a high affectedness by environmental regulation triggers firms' greenness. In addition to this 'forced greenness', the results demonstrate that innovative firms are more likely to realise environmentally related measures. This finding also holds for firms affected by extreme weather events. A highly competitive environment is negatively connected with greenness. The corporate social responsibility of family-owned firms seems to be higher than non-family-owned firms.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50601 - Political science

Project
<a href="/en/project/GA20-03037S" target="_blank" >GA20-03037S: Towards a dynamic knowledge-based business model for open innovations</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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