 The Moderating Effect of Relational Capital and Board Gender Diversity on the Relationship Between Environmental Performance and Firm Performance in the Airline IndustryWen‐Min Lu, Hsiu‐Fei Wang and Thi Hoang Yen Nguyen Business Strategy and the Environment, 2025, vol. 34, issue 6, 6925-6947 Abstract: This study introduces a novel moderated moderating framework to investigate the influence of relational capital on the relationship between environmental and firm performances in the airline industry, with board gender diversity as a moderating factor. It employs a chance‐constrained network data envelopment analysis approach based on an enhanced Russell‐based directional distance measure to address the randomness of data and assess airline efficiencies. This study also conducts a biplot analysis to identify the advantages and disadvantages of airlines based on their efficiencies. The results from an analysis of 40 airlines show that environmental performance has a more significant effect on profitability than on operational efficiency. Notably, relational capital does not always enhance the relationship between environmental and firm performances; instead, it moderates the relationship between environmental performance and profitability efficiency when the board gender diversity of the firm is high. Date: 2025 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:bstrat:v:34:y:2025:i:6:p:6925-6947 Ordering information: This journal article can be ordered from Access Statistics for this article Business Strategy and the Environment is currently edited by Richard Welford More articles in Business Strategy and the Environment from Wiley Blackwell |
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