Closing the loop: does corporate sustainability capability matter for improving energy efficiency? Evidence from Pakistan

Arifa Tanveer, Shihong Zeng and Wei Tian

Studies in Economics and Finance, 2024, vol. 41, issue 3, 571-595

Abstract: Purpose - This study aims to examine whether and how corporate sustainability capability influences energy efficiency through competitive intensity and slack resource availability. Design/methodology/approach - The authors applied a two-wave research design and administered a survey questionnaire to senior-level managers of 78 ISO-14001 and ISO-50001 certified manufacturing companies. The authors use a multi-method approach for data analysis. AMOS 23 software was applied for covariance-based structural equation modeling. In addition, SPSS 25 software was applied for hierarchical regression analysis to examine the causal relationships in the model. Findings - The finding reveals that corporate sustainability capabilities, which include energy-saving opportunities, seizing energy-saving opportunities and resource reconfiguration, significantly improve firms’ energy efficiency. In addition, competitive intensity and slack resource availability positively moderated the relationship between corporate sustainability capability and energy efficiency. Originality/value - To the best of the authors’ knowledge, this study is the first to examine the link between corporate sustainability capability and energy efficiency in developing countries such as Pakistan. Although the influence of various corporate sustainability capabilities on sustainable performance has been widely examined in the literature, the role of corporate sustainability capability has been limitedly explored with energy efficiency. This study extends the literature by adding to the knowledge of corporate sustainability capability that enhances boundary conditions in developing countries.

Keywords: Corporate sustainability capability; Energy efficiency; Dynamic capability theory; Competitive intensity; Slack resource availability (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eme:sefpps:sef-09-2023-0577

DOI: 10.1108/SEF-09-2023-0577

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