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Environmental Stewardship and Strategy for Business Sustainability: Evidence from Small and Medium Packaged Water Enterprises in Nigeria

Author

Listed:
  • Idowu Emmanuel OLUBODUN

    (Obafemi Awolowo University, Ile-Ife, Osun State, Nigeria)

  • Yinusa Toyese AGBAJE

    (Obafemi Awolowo University, Ile-Ife, Osun State, Nigeria)

Abstract

Climate change phenomenon and non-biodegradable nature of some industrial outputs are creating an increasing awareness and need to balance economic activities with social and environmental demands of the society. Also the rising concerns of government, consumers and the society at large regarding whether organisations see the necessity for the balance is gaining more momentum. In this regard, this paper seeks to examine the relationship between environmental stewardship and business sustainability. Research survey is used in which environmental stewardship proxy as community engagement activities, recycling activities, and waste reduction and management activities were investigated on business sustainability which is viewed along three dimensional (economic, social and environmental) balances in the questionnaire. The data were analysed using descriptive statistics while multiple regression was employed to determine the effect of environmental stewardship on business sustainability. The two objectives were achieved as stated. The results show that there is positive significant effect of environmental stewardship on business sustainability at p-value

Suggested Citation

  • Idowu Emmanuel OLUBODUN & Yinusa Toyese AGBAJE, 2021. "Environmental Stewardship and Strategy for Business Sustainability: Evidence from Small and Medium Packaged Water Enterprises in Nigeria," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 6(1), pages 15-32, June.
    • Handle: RePEc:rom:merase:v:6:y:2021:i:1:p:15-32
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    References listed on IDEAS

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    1. Luca Marazzi & Steven Loiselle & Lucy G Anderson & Stephen Rocliffe & Debbie J Winton, 2020. "Consumer-based actions to reduce plastic pollution in rivers: A multi-criteria decision analysis approach," PLOS ONE, Public Library of Science, vol. 15(8), pages 1-15, August.
    2. Morela Hernandez, 2008. "Promoting Stewardship Behavior in Organizations: A Leadership Model," Journal of Business Ethics, Springer, vol. 80(1), pages 121-128, June.
    3. Cristian Silviu Banacu & Mihail Busu & Raluca Ignat & Carmen Lenuta Trica, 2019. "Entrepreneurial Innovation Impact on Recycling Municipal Waste. A Panel Data Analysis at the EU Level," Sustainability, MDPI, vol. 11(18), pages 1-13, September.
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    More about this item

    Keywords

    business sustainability; community engagement; environmental stewardship; recycling; waste reduction and management.;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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