Trading Your Diversification Strategy for a Green One: How Do Firms in Emerging Economies Get on the Green Train?

IF 4.2 4区 管理学 Q1 ENVIRONMENTAL STUDIES
Die Hu, Yuandi Wang, Xue Yang
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引用次数: 10

Abstract

Many studies have been performed to explore how firms transform from a nongreen strategy to a green one, but there is no definitive answer. Aiming to untangle this complex process in the context of the strategy and belief that being green is an important endeavor, this study details how firms implement green strategy from product diversification to innovation under the pressure of environmental regulations. Consistent with our arguments, data from Chinese listed firms reveal that environmental regulations create pressure for resources and managerial skills to be split between diversification and innovation strategies, which leads to innovation at the cost of diversification. This tension is strengthened when the firm has insufficient slack resources and faces strong environmental dynamism. Furthermore, we find that the innovation strategy increasingly substitutes the loss of the downsized diversification strategy. In addition, these effects show the differences between sectors and the dynamic change over time.
从多元化战略转向绿色战略:新兴经济体的企业如何登上绿色列车?
许多研究都在探索企业如何从非绿色战略转变为绿色战略,但没有明确的答案。为了理清这一复杂过程的战略背景和信念,绿色是一项重要的努力,本研究详细介绍了企业如何在环境法规的压力下实施从产品多样化到创新的绿色战略。与我们的观点一致的是,来自中国上市公司的数据表明,环境法规对资源和管理技能在多元化和创新战略之间的分离造成了压力,这导致了以多元化为代价的创新。当企业闲置资源不足,面临较强的环境动态性时,这种张力会增强。此外,我们还发现,创新战略越来越多地替代了多元化战略小型化的损失。此外,这些影响显示了部门之间的差异和随时间的动态变化。
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来源期刊
CiteScore
11.20
自引率
5.70%
发文量
19
期刊介绍: Organization & Environment encourages informed discussion about the social roots and consequences of environmental problems and stimulates deeper reflection on the meaning and significance of the natural world. By critically examining the impact of human production and consumption systems on the natural environment, Organization & Environment develops new perspectives on organizations that encourage environmentally sensitive reflection, inquiry, and practice.
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