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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 - Comue de Toulouse - Communauté d'universités et établissements 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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    Cited by:

    1. Muhammad Khalid Anser & Zahid Yousaf & Abdul Majid & Muhammad Yasir, 2020. "Does corporate social responsibility commitment and participation predict environmental and social performance?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2578-2587, November.
    2. Wengang Zhang & Baiqing Sun & Feng Xu, 2020. "Promoting Green Product Development Performance via Leader Green Transformationality and Employee Green Self-Efficacy: The Moderating Role of Environmental Regulation," IJERPH, MDPI, vol. 17(18), pages 1-17, September.
    3. Muhammad Tariq & Muhammad Yasir & Abdul Majid, 2020. "Promoting employees' environmental performance in hospitality industry through environmental attitude and ecological behavior: Moderating role of managers' environmental commitment," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 3006-3017, November.
    4. Jung-Fa Tsai & Phi-Hung Nguyen & Ming-Hua Lin & Duy-Van Nguyen & Hsu-Hao Lin & Anh-Tuan Ngo, 2021. "Impacts of Environmental Certificate and Pollution Abatement Equipment on SMEs’ Performance: An Empirical Case in Vietnam," Sustainability, MDPI, vol. 13(17), pages 1-17, August.
    5. Sabando-Vera, David & Montalván-Burbano, Néstor & Parrales-Guerrero, Katherine & Yonfá-Medranda, Marcela & Plaza-Úbeda, José Antonio, 2025. "Growing a greener future: A bibliometric analysis of green innovation in SMEs," Technological Forecasting and Social Change, Elsevier, vol. 212(C).
    6. Gabriela Almeida Marcon Nora & Anete Alberton & Diego Hernando Florez Ayala, 2023. "Stakeholder theory and actor‐network theory: The stakeholder engagement in energy transitions," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 673-685, January.
    7. William Gyasi-Mensah & Xuhua Hu, 2019. "Green Manufacturing in Agro Processing SMEs: Unraveling the Relationship Between Drivers and Their Effects on Adoption Practices in Ghana," International Journal of Global Sustainability, Macrothink Institute, vol. 3(1), pages 136-164, December.
    8. Hammed Oluwaseyi Musibau & Maria Belen Yanotti & Joaquin Vespignani & Rabindra Nepal, 2024. "Environmental Performance and Economic Growth in the West African Economies," CAMA Working Papers 2024-75, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    9. Zeeshan Ullah, 2021. "Sustainable product attributes and firm performance: The moderating role of marketing resource intensity," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 4107-4120, December.
    10. Li, Bo & Du, Jianguo & Yao, Tianhang & Wang, Quanding, 2023. "FinTech and corporate green innovation: An external attention perspective," Finance Research Letters, Elsevier, vol. 58(PD).
    11. Anton Shevchenko, 2021. "Do financial penalties for environmental violations facilitate improvements in corporate environmental performance? An empirical investigation," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 1723-1734, May.
    12. Shumin Liu & Gabriel Eweje & Qile He & Zhibin Lin, 2020. "Turning motivation into action: A strategic orientation model for green supply chain management," Business Strategy and the Environment, Wiley Blackwell, vol. 29(7), pages 2908-2918, November.
    13. Mudeer Ahmed Khattak & Buerhan Saiti, 2021. "Banks' environmental policy and business outcomes: The role of competition," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 302-317, January.

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