Green Growth Policy, De-Growth, and Sustainability: The Alternative Solution for Achieving the Balance between Both the Natural and the Economic System

“We are ethically obliged and incited to think beyond what are treated as the realistic limits of the possible” [...

What Characteristics Do the Firms have That Go Beyond Compliance with Regulation in Environmental Protection? A Multiple Discriminant Analysis

This paper is focused on analyzing the characteristics of firms that have environmental performance beyond the requirements of regulation in environmental protection. To identify such characteristics, we propose a value and context model building on environmental paradigms as conceptualized by Dryzek’s environmental discourse theory. Using multiple discriminant analysis (MDA) to analyze data collected from a multi-respondent survey of Argentinean polluting firms, we identify distinctive characteristics of firms going beyond regulation and firms that do not comply with regulation. In particular, comparing with other five environmental discourses, endorsement of green growth is evaluated in its connection with compliance patterns. We find that supporting green growth discourse (also known as ecological modernization) is one of the characteristics of those firms that go beyond compliance in their environmental performance

La integración de los stakeholders en la empresa: identificación de sus principales dimensiones

La importancia de los Stakeholders en el mundo empresarial actual hace que las empresas estén obligadas a tenerlos en cuenta, y les provoca la necesidad de realizar esfuerzos en integrar las demandas de sus grupos de interés (GI) en las políticas y prioridades de la firma para conseguir su satisfacción. Tras analizar los distintos aspectos que se han tenido en cuenta para analizar las relaciones con los Stakeholders, y utilizando tanto el enfoque descriptivo como normativo de la teoría, identificamos tres dimensiones en el proceso de integración de los GI: el conocimiento de los GI, su implicación en la empresa a través de la consulta y la participación y la modificación de políticas y objetivos para adaptarse a sus demandas. Estas dimensiones se identifican especialmente relevantes para conseguir la satisfacción de los grupos de interés.The importance of Stakeholders in the current managerial world is forcing companies to keep them continually in mind. In addition, it causes the necessity of carrying out efforts aimed at integrating stakeholders’ demands into their politics and priorities in order to achieve their satisfaction. After analyzing the different aspects considered in the study of relationships with Stakeholders, and using both a descriptive and normative theory scope, we identify three dimensions in the process of stakeholders´ integration: the knowledge about them, their implication in the company through consulting and participation, and finally, the modification of enterprises’ politics and objectives in order to adapt to their demands. These dimensions are considered to be of special importance in ensuring Stakeholders’ satisfaction

El efecto indirecto sobre el rendimiento de la integración de los stakeholders

La literatura, tanto desde el enfoque instrumental como normativo de la Teoría de los Stakeholders, ha resaltado la influencia en el resultado de las relaciones con los grupos de interés (GI), pero este efecto se ha analizado de forma directa. En el presente trabajo, desarrollamos la influencia de la integración de los GI en el rendimiento empresarial, no de forma directa sino indirecta, a través de otras capacidades. Exponemos que la integración de los GI influye de forma indirecta sobre el rendimiento a través de otras capacidades empresariales como la innovación o el aprendizaje organizativo. Además, exponemos que este efecto indirecto se produce de dos formas: bien como elemento potenciador de esas capacidades, o bien como activo complementario sobre el resultado.Existent literature, both from the instrumental as well as the normative Stakeholders’ Theory scope, has highlighted the influence of the relationships with the stakeholders on the enterprises´ performance, but this effect has been analyzed from a direct perspective. In the current paper, we develop the influence of the stakeholders’ integration on the enterprises´ performance, not from a direct way but using an indirect perspective, through other capacities such us innovation, or organizational learning. In addition, we argue that this indirect effect takes place in two ways: as a strengthen element of those capacities, or as a complementary asset on performance

Environmental protection and financial performance: an empirical analysis in Wales

Purpose – This paper analyses the relationship between environmental protection and mid-term financial performance, focusing on when and why this relationship is positive. In particular, the paper disaggregates environmental protection, differentiating between environmental management practices, environmental proactivity and environmental performance of the organization. Design/methodology/approach – It uses a cross-section survey of 2,122 Welsh companies to gather information on environmental practices and the FAME database to collect data on accounting based financial performance. The paper uses regression analysis on a combined sample of 186 Welsh companies to evaluate the effect on performance of different types of environmental protection. Findings – On the whole, the results show a positive effect of environmental protection on mid-term financial performance. Financial performance has a positive and significant correlation with environmental proactivity and with environmental performance, while it has a no significant relation with environmental management. Originality/value – The paper presents a disaggregated analysis of environmental protection in relationship with financial performance. The paper differentiates between environmental management practices, environmental proactivity and environmental performance of the organization in their relationship with financial performance

Environmental protection and financial performance: an empirical analysis in Wales

Purpose – This paper analyses the relationship between environmental protection and mid-term financial performance, focusing on when and why this relationship is positive. In particular, the paper disaggregates environmental protection, differentiating between environmental management practices, environmental proactivity and environmental performance of the organization. Design/methodology/approach – It uses a cross-section survey of 2,122 Welsh companies to gather information on environmental practices and the FAME database to collect data on accounting based financial performance. The paper uses regression analysis on a combined sample of 186 Welsh companies to evaluate the effect on performance of different types of environmental protection. Findings – On the whole, the results show a positive effect of environmental protection on mid-term financial performance. Financial performance has a positive and significant correlation with environmental proactivity and with environmental performance, while it has a no significant relation with environmental management. Originality/value – The paper presents a disaggregated analysis of environmental protection in relationship with financial performance. The paper differentiates between environmental management practices, environmental proactivity and environmental performance of the organization in their relationship with financial performance