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Author:

Shahzad, Muhammad Farrukh (Shahzad, Muhammad Farrukh.) | Xu, Shuo (Xu, Shuo.) (Scholars:徐硕) | An, Xin (An, Xin.) | Asif, Muhammad (Asif, Muhammad.) | Jafri, Muhammad Afaq Haider (Jafri, Muhammad Afaq Haider.)

Indexed by:

EI Scopus SCIE

Abstract:

In today's globalized and interconnected world, businesses operate within an interconnected network with various stakeholders. Among these stakeholders, the pressure from consumers, investors, regulators, and communities for corporations to adopt environmentally responsible practices has intensified significantly. Therefore, this study investigates the relationship between stakeholder pressure and environmental performance (EP) in Pakistan's manufacturing sector while examining the potential moderating roles of environmental reputation, social reputation, virtual CSR, and green credit. Data was gathered by convenience sampling and a crosssectional research approach. A structural questionnaire was given to 376 employees of manufacturing firms that are listed on the Pakistan Stock Exchange (PSE). The research hypotheses were tested using PLS-SEM techniques, which examined the interactions between these variables. The results reveal that stakeholder pressure significantly influences the environmental performance of manufacturing firms. Environmental reputation and virtual CSR negatively moderate the relationship between stakeholder pressure and EP. Moreover, social reputation and green credit positively moderate the relationship between stakeholder pressure and EP. These results contribute to the existing literature by shedding light on how stakeholder pressure influences firms' environmental behavior. Practical implications include integrating virtual CSR strategies, securing green financing options, and building strong environmental and social reputations to effectively respond to stakeholder demands and improve environmental performance.

Keyword:

Stakeholder pressure Environmental reputation Green credit Social reputation Virtual CSR Environmental performance

Author Community:

  • [ 1 ] [Shahzad, Muhammad Farrukh]Beijing Univ Technol, Coll Econ & Management, Beijing 100124, Peoples R China
  • [ 2 ] [Xu, Shuo]Beijing Univ Technol, Coll Econ & Management, Beijing 100124, Peoples R China
  • [ 3 ] [Jafri, Muhammad Afaq Haider]Beijing Univ Technol, Coll Econ & Management, Beijing 100124, Peoples R China
  • [ 4 ] [An, Xin]Beijing Forestry Univ, Sch Econ & Management, Beijing 100083, Peoples R China
  • [ 5 ] [Asif, Muhammad]Univ Educ, UE Business Sch, Lahore, Pakistan

Reprint Author's Address:

  • [Shahzad, Muhammad Farrukh]Beijing Univ Technol, Coll Econ & Management, Beijing 100124, Peoples R China;;

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Source :

JOURNAL OF ENVIRONMENTAL MANAGEMENT

ISSN: 0301-4797

Year: 2024

Volume: 368

8 . 7 0 0

JCR@2022

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count: 13

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 1

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