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Nature of corporate environmentalism in large-listed Indian firms: empirical evidence from Indian companies

Author

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  • Pritika Dua

    (University of Delhi)

  • Surender Kumar

    (University of Delhi)

Abstract

Large firms have been spearheading the “go-green” phenomenon around the globe. Their “beyond compliance” approach to environmental management interests policymakers and researchers alike. This study analyzes the institutional and resource-based view to study the factors determining voluntary environmental management in large-listed Indian firms. We build a unique dataset of 459 firms from twenty industries over an eleven-year period from 2008–09 to 2018–19. Empirical results suggest that firms prone to institutional pressures are making voluntary environmental disclosures through sustainability reporting and participation in Carbon Disclosure Project (CDP). Capability-rich firms are investing in green buildings with additional environmental outlays. Furthermore, ISO 14001 accreditation is a function of internalization of stakeholders’ concerns in the business strategy through the development of conducive capabilities. Finally, though there is a considerable variation in the number and choice of environmental practices adopted by a firm, institutional pressures and capabilities are interrelated to a higher degree than previously conceived.

Suggested Citation

  • Pritika Dua & Surender Kumar, 2023. "Nature of corporate environmentalism in large-listed Indian firms: empirical evidence from Indian companies," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 13(4), pages 602-616, December.
    • Handle: RePEc:spr:jenvss:v:13:y:2023:i:4:d:10.1007_s13412-023-00851-8
    DOI: 10.1007/s13412-023-00851-8
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    Keywords

    Environmental management practice; Institutional view; Resource-based view; Green building; Environmental reporting; India;
    All these keywords.

    JEL classification:

    • 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
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • L5 - Industrial Organization - - Regulation and Industrial Policy

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