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Clean development mechanism implementation: External and organizational factors drives expected business benefits

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  • Zainorfarah Zainuddin
  • Mohammad Iranmanesh
  • Ming‐Lang Tseng
  • Behzad Foroughi
  • Tengku Adeline Adura Tengku Hamzah

Abstract

This study aims to deal with the challenge of rationalizing and testing the interrelationships assumptions of external and organizational factors in the case of clean development mechanism implementation. Prior studies are lacking to introduce the expected business benefits as a mediator between external factors and clean development mechanism implementation. The moderating effect of environmental resources was rationalized and evaluated. The data were collected from 130 ISO 14001 certified manufacturing firms and analyzed using the partial least squares technique. The results revealed that expected business benefits mediate the impacts of all considered external factors and cause an insignificant direct association between market pressure and mechanism implementation. Organizational resources moderate positively the impact of competitor pressure on mechanism implementation. The findings extend the literature by illustrating the dependency of external factors and organizational factors and challenging the results of the studies, which have been driven by independence assumption. The findings are enabling policy‐makers and managers to effectively modify the strategies for enhancing the extent of mechanism implementation.

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  • Zainorfarah Zainuddin & Mohammad Iranmanesh & Ming‐Lang Tseng & Behzad Foroughi & Tengku Adeline Adura Tengku Hamzah, 2021. "Clean development mechanism implementation: External and organizational factors drives expected business benefits," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 3444-3453, December.
    • Handle: RePEc:bla:bstrat:v:30:y:2021:i:8:p:3444-3453
    DOI: 10.1002/bse.2812
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