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

Author

Listed:
  • Quang Le Van

    (Toulouse Catholic Univ ICT, IREEDS - Institute of Research in Economics, Environment and Data Science)

  • Thanh Viet Nguyen

    (Vietnam Natl Univ, Hanoi Univ Nat Resources & Environm)

  • Manh Hung Nguyen

    (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique, Univ Econ & Law)

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.

Suggested Citation

  • Quang Le Van & Thanh Viet Nguyen & Manh Hung Nguyen, 2019. "Sustainable development and environmental policy: The engagement of stakeholders in green products in Vietnam," Post-Print hal-02332546, HAL.
    • Handle: RePEc:hal:journl:hal-02332546
    DOI: 10.1002/bse.2272
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