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An integral approach to corporate environmentalism and its application to a country in transition

Author

Listed:
  • Janez Prasnikar

    (University of Ljubljana, Faculty of Economics, Ljubljana, Slovenia)

  • Irena Ograjensek

    (University of Ljubljana, Faculty of Economics, Ljubljana, Slovenia)

  • Marko Pahor

    (University of Ljubljana, Faculty of Economics, Ljubljana, Slovenia)

  • Domen Bajde

    (University of Ljubljana, Faculty of Economics, Ljubljana, Slovenia)

  • Domen Trobec

    (University of Ljubljana, Faculty of Economics, Ljubljana, Slovenia)

Abstract

In this paper we propose and implement an integral approach to corporate environmentalism. Our integral model accounts not only for corporate environmentalism motivation and conception but also for corporate environmentalism mode and speed of implementation. A broad range of identified corporate environmentalism dimensions helps characterize five basic groups of companies we propose to name non-compliers, legalistic incrementalists, greenwashers, incremental innovators, and radical innovators. We then seek to empirically verify the soundness of the proposed integral typology by surveying a large sample of Slovenian manufacturing companies. Maximum likelihood profit estimation, exploratory factor analysis, cluster analysis and binary logistic modeling are used in the empirical analysis. Our main conclusions are twofold: (1) The integral approach to corporate environmentalism works: in the framework of a small open transitional economy, the model differentiates well among different groups of companies. (2) There are no radical innovators among Slovenian companies, and less than one third of the companies are actively thinking and acting in line of environment-friendly processes and products. This finding can be partially explained by the fact that Slovenian economy still has some transitional characteristics.

Suggested Citation

  • Janez Prasnikar & Irena Ograjensek & Marko Pahor & Domen Bajde & Domen Trobec, 2012. "An integral approach to corporate environmentalism and its application to a country in transition," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 30(1), pages 89-113.
    • Handle: RePEc:rfe:zbefri:v:30:y:2012:i:1:p:89-113
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    References listed on IDEAS

    as
    1. Esther Albelda Pérez & Carmen Correa Ruiz & Francisco Carrasco Fenech, 2007. "Environmental management systems as an embedding mechanism: a research note," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 20(3), pages 403-422, June.
    2. Steurer, Reinhard & Konrad, Astrid, 2009. "Business-society relations in Central-Eastern and Western Europe: How those who lead in sustainability reporting bridge the gap in corporate (social) responsibility," Scandinavian Journal of Management, Elsevier, vol. 25(1), pages 23-36, March.
    3. Frances E. Bowen, 2000. "Environmental visibility: a trigger of green organizational response?," Business Strategy and the Environment, Wiley Blackwell, vol. 9(2), pages 92-107, March.
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    Cited by:

    1. Jiancai Pi & Li Yang & Yu Zhou, 2013. "Privatization and environmental pollution in a mixed duopoly," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 31(2), pages 163-192.

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    More about this item

    Keywords

    corporate environmentalism; integral analysis; ISO 14001 certificate; managerial perceptions; survey research;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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