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Role of eco-management practices in determining corporate sustainable development in China: a resource-based perspective

Author

Listed:
  • Fahad Khalid

    (Guilin University of Electronic Technology)

  • Mohit Srivastava

    (Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School)

  • Khwaja Naveed

    (Open Universiteit Nederland [Heerlen])

  • Xinhui Sun

    (University of International Business and Economics [Beijing, China])

Abstract

This study examines the impact of eco-management practices (EMPs) on corporate sustainable development (Wbcsd) within the Chinese A-share-listed companies from 2010 to 2019, based on a dataset comprising 7,948 firm-year observations. The findings reveal compelling insights regarding three specific EMPs: environmental innovation (EI), eco-management certification (EMC), and eco-management training (EMT). Notably, EI demonstrates a significant positive influence on CSD within environmentally sensitive industries while negatively impacting non-sensitive sectors. In contrast, EMC consistently positively and significantly affects CSD, regardless of sectoral environmental sensitivity. Intriguingly, EMT shows a pronounced influence on CSD in non-sensitive sector firms. These results emphasise the integral role of EMPs in driving CSD and highlight the importance of environmental sensitivity in determining the effectiveness of EMPs. Consequently, firms with a greater environmental focus benefit significantly from implementing EMPs, particularly EI, while EMC emerges as a universal driver of CSD across sectors. These findings underscore the F. Khalid et al.significance of proactive EMPs, such as EI, EMC, and EMT, in fostering corporate sustainability and suggest avenues for further research to explore additional strategies that enhance sustainable business practices.

Suggested Citation

  • Fahad Khalid & Mohit Srivastava & Khwaja Naveed & Xinhui Sun, 2023. "Role of eco-management practices in determining corporate sustainable development in China: a resource-based perspective," Post-Print hal-04977949, HAL.
    • Handle: RePEc:hal:journl:hal-04977949
    DOI: 10.1504/ijbge.2023.10060732
    as

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