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Corporate environmentalism in a small emerging economy: stakeholder perceptions and the influence of firm characteristics

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  • Kalim U. Shah

Abstract

This study presents a neo‐institutional perspective of the perceptions of corporate environmentalism held by stakeholder groups relative to each other and the influence that specific firm‐level characteristics, such as size, ownership, compliance record, and location, have on these perceptions. Empirical evidence is gathered from the emerging economy context of Trinidad and Tobago and its pollution‐intensive oil, gas, and petrochemical sectors. Results indicate that non‐governmental and community‐based organizations (NGOs/CBOs) are most critical and business chains least critical of corporate environmentalism. All stakeholders perceive larger firms and those with strong compliance records as having stronger corporate environmentalism, while government stakeholders perceive foreign‐owned firms, business chain perceives urban‐based firms, and NGOs/CBOs perceive state‐owned firms as having stronger corporate environmentalism. These preliminary findings can guide corporate managers in handling stakeholder relations and can guide policy‐makers seeking to circumvent industry‐stakeholder friction in emerging economies. Copyright © 2010 John Wiley & Sons, Ltd and ERP Environment.

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  • Kalim U. Shah, 2011. "Corporate environmentalism in a small emerging economy: stakeholder perceptions and the influence of firm characteristics," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 18(2), pages 80-90, March.
    • Handle: RePEc:wly:corsem:v:18:y:2011:i:2:p:80-90
    DOI: 10.1002/csr.242
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    2. Lei Wang & Heikki Juslin, 2013. "Corporate Social Responsibility in the Chinese Forest Industry: Understanding Multiple Stakeholder Perceptions," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 20(3), pages 129-145, May.
    3. Stefan Schaltegger & Dorli Harms & Sarah Elena Windolph & Jacob Hörisch, 2014. "Involving Corporate Functions: Who Contributes to Sustainable Development?," Sustainability, MDPI, vol. 6(5), pages 1-22, May.
    4. Dong, Weijia & Dong, Xinyang & Lv, Xin, 2022. "How does ownership structure affect corporate environmental responsibility? Evidence from the manufacturing sector in China," Energy Economics, Elsevier, vol. 112(C).
    5. Antonis Skouloudis & Konstantinos Evangelinos & Chrisovaladis Malesios, 2015. "Priorities and Perceptions for Corporate Social Responsibility: An NGO Perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 22(2), pages 95-112, March.
    6. Katharina Hetze, 2016. "Effects on the (CSR) Reputation: CSR Reporting Discussed in the Light of Signalling and Stakeholder Perception Theories," Corporate Reputation Review, Palgrave Macmillan, vol. 19(3), pages 281-296, October.
    7. Yankun Zhou & Le Luo & Hongtao Shen, 2022. "Community pressure, regulatory pressure and corporate environmental performance," Australian Journal of Management, Australian School of Business, vol. 47(2), pages 368-392, May.
    8. Ince, David & Vredenburg, Harrie & Liu, Xiaoyu, 2016. "Drivers and inhibitors of renewable energy: A qualitative and quantitative study of the Caribbean," Energy Policy, Elsevier, vol. 98(C), pages 700-712.
    9. Louis Y.Y. Lu & John S. Liu, 2014. "The Knowledge Diffusion Paths of Corporate Social Responsibility – From 1970 to 2011," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 21(2), pages 113-128, March.
    10. Christian M. Faller & Dodo zu Knyphausen-Aufseß, 2018. "Does Equity Ownership Matter for Corporate Social Responsibility? A Literature Review of Theories and Recent Empirical Findings," Journal of Business Ethics, Springer, vol. 150(1), pages 15-40, June.
    11. Francisco J. García‐Rodríguez & José León García‐Rodríguez & Carlos Castilla‐Gutiérrez & Silvério A. Major, 2013. "Corporate Social Responsibility of Oil Companies in Developing Countries: From Altruism to Business Strategy," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 20(6), pages 371-384, November.

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