Revisiting Stakeholder Theory and Environmentalism: Evidence from an Emerging Economy

Farida Saleem, Yingying Zhang-Zhang, Muhammad Imran Malik and Alawiya Allui
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Farida Saleem: Department of Management, College of Business Administration, Prince Sultan University, Riyadh 11586, Saudi Arabia
Yingying Zhang-Zhang: Graduate School of International Management, International University of Japan, Niigata 949-7277, Japan
Muhammad Imran Malik: Department of Management Sciences, COMSATS University Islamabad, Attock Campus, Attock 43600, Pakistan
Alawiya Allui: Department of Management, College of Business Administration, Prince Sultan University, Riyadh 11586, Saudi Arabia

Sustainability, 2020, vol. 12, issue 20, 1-20

Abstract: 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.

Keywords: silent stakeholder; corporate environmental activities; emerging economy; sustainability strategy (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:20:p:8751-:d:432637

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