Improving Firm’s Economic and Environmental Performance Through the Sustainable and Innovative Environment: Evidence From an Emerging Economy

Businesses in the present era are dealing with a complex and unprecedented brew of social, environmental, and technological trends. This requires sophisticated, sustainability-based management. Yet organizations are often reluctant to place sustainability core to their business strategies with the m...

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Autores principales:	Naveed Ahmad, Miklas Scholz, Esra AlDhaen, Zia Ullah, Philippa Scholz
Formato:	article
Lenguaje:	EN
Publicado:	Frontiers Media S.A. 2021
Materias:	environmental sustainability environmental innovation economic performance environmental performance corporate social responsibility Psychology BF1-990
Acceso en línea:	https://doaj.org/article/f5a564e692e44c299498cf7713a88c77
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spelling	oai:doaj.org-article:f5a564e692e44c299498cf7713a88c772021-11-04T06:29:09ZImproving Firm’s Economic and Environmental Performance Through the Sustainable and Innovative Environment: Evidence From an Emerging Economy1664-107810.3389/fpsyg.2021.651394https://doaj.org/article/f5a564e692e44c299498cf7713a88c772021-11-01T00:00:00Zhttps://www.frontiersin.org/articles/10.3389/fpsyg.2021.651394/fullhttps://doaj.org/toc/1664-1078Businesses in the present era are dealing with a complex and unprecedented brew of social, environmental, and technological trends. This requires sophisticated, sustainability-based management. Yet organizations are often reluctant to place sustainability core to their business strategies with the mistaken belief that the costs associated with environmental investments outweigh the benefits. The Global Climate Risk Index has placed Pakistan on 5th position in the list of nations, most susceptible to climate change in its recent report. Pakistan lost the lives of 9,989 people, incurred economic losses of $ 3.8 billion, and faced 152 shocking climates between 1999 and 2018. Based on this information, it is established that Pakistan’s susceptibility to climate change is growing unprecedentedly and industrial pollution is one of the biggest contributors in this respect. The country needs to take emergency measures to address this issue. With this background, the present study aims to investigate the impact of environmental sustainability on environmental and economic performance (EP) with the mediating effect of environmental innovation (EI) in the manufacturing sector of Pakistan. The results show that environmental sustainability is a significant predictor of environmental performance and EP and EI mediates this relationship. The findings of the present study provide better insights to policymakers to address the environmental degradation, resulting from industrial pollution.Naveed AhmadNaveed AhmadMiklas ScholzMiklas ScholzMiklas ScholzMiklas ScholzEsra AlDhaenZia UllahPhilippa ScholzFrontiers Media S.A.articleenvironmental sustainabilityenvironmental innovationeconomic performanceenvironmental performancecorporate social responsibilityPsychologyBF1-990ENFrontiers in Psychology, Vol 12 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	environmental sustainability environmental innovation economic performance environmental performance corporate social responsibility Psychology BF1-990
spellingShingle	environmental sustainability environmental innovation economic performance environmental performance corporate social responsibility Psychology BF1-990 Naveed Ahmad Naveed Ahmad Miklas Scholz Miklas Scholz Miklas Scholz Miklas Scholz Esra AlDhaen Zia Ullah Philippa Scholz Improving Firm’s Economic and Environmental Performance Through the Sustainable and Innovative Environment: Evidence From an Emerging Economy
description	Businesses in the present era are dealing with a complex and unprecedented brew of social, environmental, and technological trends. This requires sophisticated, sustainability-based management. Yet organizations are often reluctant to place sustainability core to their business strategies with the mistaken belief that the costs associated with environmental investments outweigh the benefits. The Global Climate Risk Index has placed Pakistan on 5th position in the list of nations, most susceptible to climate change in its recent report. Pakistan lost the lives of 9,989 people, incurred economic losses of $ 3.8 billion, and faced 152 shocking climates between 1999 and 2018. Based on this information, it is established that Pakistan’s susceptibility to climate change is growing unprecedentedly and industrial pollution is one of the biggest contributors in this respect. The country needs to take emergency measures to address this issue. With this background, the present study aims to investigate the impact of environmental sustainability on environmental and economic performance (EP) with the mediating effect of environmental innovation (EI) in the manufacturing sector of Pakistan. The results show that environmental sustainability is a significant predictor of environmental performance and EP and EI mediates this relationship. The findings of the present study provide better insights to policymakers to address the environmental degradation, resulting from industrial pollution.
format	article
author	Naveed Ahmad Naveed Ahmad Miklas Scholz Miklas Scholz Miklas Scholz Miklas Scholz Esra AlDhaen Zia Ullah Philippa Scholz
author_facet	Naveed Ahmad Naveed Ahmad Miklas Scholz Miklas Scholz Miklas Scholz Miklas Scholz Esra AlDhaen Zia Ullah Philippa Scholz
author_sort	Naveed Ahmad
title	Improving Firm’s Economic and Environmental Performance Through the Sustainable and Innovative Environment: Evidence From an Emerging Economy
title_short	Improving Firm’s Economic and Environmental Performance Through the Sustainable and Innovative Environment: Evidence From an Emerging Economy
title_full	Improving Firm’s Economic and Environmental Performance Through the Sustainable and Innovative Environment: Evidence From an Emerging Economy
title_fullStr	Improving Firm’s Economic and Environmental Performance Through the Sustainable and Innovative Environment: Evidence From an Emerging Economy
title_full_unstemmed	Improving Firm’s Economic and Environmental Performance Through the Sustainable and Innovative Environment: Evidence From an Emerging Economy
title_sort	improving firm’s economic and environmental performance through the sustainable and innovative environment: evidence from an emerging economy
publisher	Frontiers Media S.A.
publishDate	2021
url	https://doaj.org/article/f5a564e692e44c299498cf7713a88c77
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Improving Firm’s Economic and Environmental Performance Through the Sustainable and Innovative Environment: Evidence From an Emerging Economy

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