Sustainable development and environmental policy: The engagement of stakeholders in green products in Vietnam

Quang Le Van, Thanh Nguyen and Manh Hung Nguyen
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Quang Le Van: Toulouse Catholic Univ ICT, IREEDS - Institute of Research in Economics, Environment and Data Science

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Abstract: Facing the challenge of environmental degradation in Vietnam, a growing number of firms have begun to integrate environmental management systems into their business strategies and develop green product diversification strategies. On the basis of the stakeholder theory, this paper attempts to explore the influences of stakeholders on the implementation of horizontal and vertical green product diversification. Empirical results show that foreign customers play a significant role in driving companies to adopt strategy of green product diversification. For foreign-invested enterprises, the effect is limited to the adoption of horizontal green product diversification. It further reveals that institutional weakness, lack of transparency, community stakeholders, and regulatory stakeholders have no significant effect on the corporate green product strategy.

Keywords: environmental management; diversification; green products; SMEs; stakeholders (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (11)

Published in Business Strategy and the Environment, 2019, 28 (5), pp.675-687. ⟨10.1002/bse.2272⟩

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Journal Article: Sustainable development and environmental policy: The engagement of stakeholders in green products in Vietnam (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02332546

DOI: 10.1002/bse.2272

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