Examining environmental proactivity in the Spanish wine industry: The moderating role of size

IF 2.1 3区 经济学 Q2 AGRICULTURAL ECONOMICS & POLICY Agribusiness Pub Date : 2023-12-13 DOI:10.1002/agr.21882
Marcos Carchano, Inmaculada Carrasco, Angela González
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Abstract

The value of proactive environmental strategies to achieve and maintain competitive advantages in the business sphere has been widely acknowledged in recent years. However, mixed results can still be found regarding the determinants and consequences of the implementation of such practices. This study investigates the determinants of environmental proactivity in Spanish wineries, focusing on the role of company size in linking internal motivations and stakeholder pressure with proactive environmental strategy using the natural resource-based view. So far, no research of this type has been carried out for the Spanish wine sector. A structural equation model is proposed based on partial least squares applied to a sample of 251 wine companies to evaluate both the direct relationships and the moderating effect. The study identifies internal motivations, community pressure, and regulatory pressure as determinants of proactive environmental strategy. Company characteristics play an essential role in decision-making when dealing with environmental issues proactively. Small companies tend to be more influenced by internal motivations, while larger companies are driven to undertake environmental actions based on external pressures. Additionally, we found that managers who take a proactive approach to environmental protection can achieve financial rewards. These findings provide important implications for both policymakers and managers by offering new theoretical and empirical insight into how proactive environmental strategy affects financial performance in the case of Spain's wine companies. [EconLit Citations: O31, Q55, C30].
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考察西班牙葡萄酒业的环境主动性:规模的调节作用
近年来,积极主动的环保策略对在商业领域取得和保持竞争优势的价值已得到广泛认可。然而,关于实施这些做法的决定因素和后果,仍然可以发现好坏参半的结果。本研究调查了西班牙酒庄环境主动性的决定因素,重点关注公司规模在利用自然资源为基础的观点将内部动机和利益相关者压力与积极的环境战略联系起来的作用。到目前为止,还没有针对西班牙葡萄酒行业进行过此类研究。以251家葡萄酒企业为样本,建立了基于偏最小二乘的结构方程模型,以评价二者的直接关系和调节作用。该研究确定了内部动机、社区压力和监管压力是主动环境战略的决定因素。在积极应对环境问题时,公司特征在决策中起着至关重要的作用。小公司往往更多地受到内部动机的影响,而大公司则是在外部压力的驱使下采取环境行动。此外,我们发现,采取积极主动的方法来保护环境的管理者可以获得经济回报。这些发现为决策者和管理者提供了重要的启示,为西班牙葡萄酒公司积极主动的环境战略如何影响财务绩效提供了新的理论和实证见解。[参考文献]O31, Q55, C30。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Agribusiness
Agribusiness 农林科学-食品科技
CiteScore
5.50
自引率
6.20%
发文量
58
审稿时长
6 months
期刊介绍: Agribusiness: An International Journal publishes research that improves our understanding of how food systems work, how they are evolving, and how public and/or private actions affect the performance of the global agro-industrial complex. The journal focuses on the application of economic analysis to the organization and performance of firms and markets in industrial food systems. Subject matter areas include supply and demand analysis, industrial organization analysis, price and trade analysis, marketing, finance, and public policy analysis. International, cross-country comparative, and within-country studies are welcome. To facilitate research the journal’s Forum section, on an intermittent basis, offers commentary and reports on business policy issues.
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