Konwar, Z. orcid.org/0000-0002-7890-147X, Wei, Y. orcid.org/0000-0003-2556-880X, Wood, G. et al. (1 more author) (2024) The public as a definitive stakeholder of corporate environmental sustainability practices: A cross-national institutional approach. Journal of Environmental Management, 370. 122666. ISSN 0301-4797
Abstract
An emerging body of literature connects the well-known Varieties of Capitalism framework (and its variants) with the propensity of nations to move away from hydrocarbons. Our study extends this work by exploring how macro-level institutional configurations matter for public expectations towards corporate environmental sustainability practices. By linking survey data of public-as-stakeholders to institutional systems encompassing 16 countries (N = 7156), we use multi-level modelling to test the explanatory power of a theoretically well-refined recent construct, namely, the Varieties of Institutional Systems — and discover significant variations associated with public expectations across different institutional systems. The findings, however, defy the notion of a clear distinction between mature and emerging markets or that mature institutional systems consistently hold firms to higher environmental standards. Rather surprisingly and counter-intuitively, we find that public-as-stakeholders from State-Led institutional systems had the highest expectations towards corporate environmental sustainability practices. We outline some of the major theoretical and policy implications of our research findings.
Metadata
Item Type: | Article |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | © 2024 The Author(s). This is an open access article under the terms of the Creative Commons Attribution License (CC-BY-NC-ND 4.0). |
Keywords: | Public expectations, Corporate environmental sustainability, Varieties of institutional systems (VIS), Varieties of capitalism, Comparative institutional analysis, Stakeholders, Energy transitions |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 01 Oct 2024 10:10 |
Last Modified: | 01 Oct 2024 10:10 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.jenvman.2024.122666 |
Sustainable Development Goals: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:217769 |