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Revisiting Stakeholder Theory and Environmentalism: Evidence from an Emerging Economy

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  • Farida Saleem

    (Department of Management, College of Business Administration, Prince Sultan University, Riyadh 11586, Saudi Arabia)

  • Yingying Zhang-Zhang

    (Graduate School of International Management, International University of Japan, Niigata 949-7277, Japan)

  • Muhammad Imran Malik

    (Department of Management Sciences, COMSATS University Islamabad, Attock Campus, Attock 43600, Pakistan)

  • Alawiya Allui

    (Department of Management, College of Business Administration, Prince Sultan University, Riyadh 11586, Saudi Arabia)

Abstract

In this study, we evaluated corporate environmental activities within the framework of stakeholders’ concerns and taking an emerging economy as the field of study. This paper integrates the stakeholder theory and corporate environmental behavior to develop a model and then tests this model in an emerging economy context. Data were collected through a questionnaire survey from managers operating in a variety of industries in Pakistan. A structural equation modeling technique has been used for data analysis. Results revealed that regulatory bodies are the most significant while media, customers, and activists are insignificant stakeholders. Top management commitment is identified as an important endogenous and exogenous variable.

Suggested Citation

  • Farida Saleem & Yingying Zhang-Zhang & Muhammad Imran Malik & Alawiya Allui, 2020. "Revisiting Stakeholder Theory and Environmentalism: Evidence from an Emerging Economy," Sustainability, MDPI, vol. 12(20), pages 1-20, October.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:20:p:8751-:d:432637
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    5. Farida Saleem, 2021. "Antecedents of the Green Behavioral Intentions of Hotel Guests: A Developing Country Perspective," Sustainability, MDPI, vol. 13(8), pages 1-15, April.

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