Nwoba, Arinze Christian (2019) Corporate sustainability strategies in institutional adversity: An examination of their institutional drivers, boundary conditions and market performance consequences. PhD thesis, University of Leeds.
Abstract
Today, scholars and top-level business managers agree that corporate sustainability strategies have become a strategic lens through which firms might view their operations and performance, which determines if they will survive in business. Notwithstanding this, there is a dearth of research on corporate sustainability strategies among emerging market firms that face institutional adversity. Accordingly, the aim of this research is to investigate the institutional drivers, associated boundary conditions and market performance consequences of corporate sustainability strategies among emerging market firms. Drawing from institutional theory, institutional development logic and the structure-conduct-performance (SCP) paradigm, the study proposes a conceptual model of corporate proactive and responsive sustainability strategies and tests it on a sample of 300 firms operating in a major sub-Saharan African market.
Findings show that top-level managerial linkages, contacts and connections with government and regulatory officials, top managers at other firms and local community leaders—irrespective of the levels of competition intensity—drive corporate proactive and responsive sustainability strategies, which lead to superior market performance. The findings also reveal that the innovative working culture inherent in emerging market firms strengthens paths between corporate proactive and responsive sustainability strategies and market performance. Furthermore, the findings show that financial resource slack strengthens the path between corporate proactive sustainability strategies and market performance, while it does not strengthen the path between corporate responsive sustainability strategies and market performance. These findings add to the extant scholarly work on corporate sustainability strategies by delineating the key institutional and internal organisational success factors necessary for the formulation and implementation of corporate proactive and responsive sustainability strategies among emerging market firms that face institutional adversity. The study concludes by outlining a number of fruitful avenues for future research.
Metadata
Supervisors: | Robson, Matthew and Boso, Nathaniel |
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Keywords: | corporate proactive and responsive sustainability strategies, top-level managerial ties, competition intensity, innovative culture, financial resource slack, market performance, institutional theory, institutional development logic, structure-conduct-performance paradigm |
Awarding institution: | University of Leeds |
Academic Units: | The University of Leeds > Leeds University Business School |
Depositing User: | Dr Arinze Christian Nwoba |
Date Deposited: | 26 Jun 2019 12:26 |
Last Modified: | 01 Jul 2024 00:05 |
Open Archives Initiative ID (OAI ID): | oai:etheses.whiterose.ac.uk:24225 |
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