Green initiatives and stakeholder engagement: Unveiling the impact of green strategies and CSR on financial performance from descriptive-normative perspectives of stakeholder theory

被引：5
作者：
Liao, Haojie [1 ,2 ]
Su, Lin [3 ]
Tang, Tianyao [4 ]
Shang, Zhaoyan [5 ]
机构：
[1] Guangxi Univ Finance & Econ, Accounting & Audit Sch, Nanning, Guangxi, Peoples R China
[2] Macao Polytech Univ, Fac Humanities & Social Sci, Macau, Macau, Peoples R China
[3] Guangxi Univ Finance & Econ, Econ & Trade Coll, Nanning 530003, Guangxi, Peoples R China
[4] Rajamangala Univ Technol, Chakrabongse Bhuvanath Int Inst Interdisciplinary, Bangkok, Thailand
[5] Shandong Univ Finance & Econ, Sch Accountancy, Jinan, Shandong, Peoples R China
来源：
SUSTAINABLE DEVELOPMENT | 2024年 / 32卷 / 05期
基金：
中国国家自然科学基金;
关键词：
corporate social responsibility; financial performance; green environment strategies; multinational enterprises; stakeholder engagement; stakeholder theory and practices; CORPORATE SOCIAL-RESPONSIBILITY; EMPIRICAL-ANALYSIS; SUSTAINABILITY; MANAGEMENT; ENVIRONMENT; INVESTMENT; CHALLENGES;
D O I：
10.1002/sd.2934
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
It is vital to bring about sustainable development by incorporating sustainable strategies to drive businesses to align their interests with those of stakeholders. Drawing on stakeholder theory and practices, this study explores the synergistic nexus among green environmental strategies (GES; e.g., energy management, waste management, green procurement, waste conversation, green environment awareness programs, carbon footprint reduction, green data management, and ecological operational strategies), corporate social responsibility (CSR), and financial performance (FnP) of multinational enterprises (MNEs) within the energy and manufacturing sectors of China. A total of seven hundred and forty-three responses were evaluated by structural equation modeling through SmartPLS software. Findings suggest that GES have a positive connection with FnP. Further, this relationship is positively moderated by CSR. This study contributes to both the theoretical and managerial perspectives. It highlights the notion of GES and CSR by verifying the positive influence of sustainable strategies on FnP.
引用
收藏
页码：4800 / 4811
页数：12
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