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External pressures, managerial motive and corporate sustainability strategy: evidence from a developing economy

Based on social-system theories, our study analyzes the (i) influence of institutional and external stakeholder pressure on the adoption of corporate sustainability strategy and (ii) role of managerial motive in mediating the influence of external pressures on the adoption of corporate sustainabilit...

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Main Authors: Shamil, Mohamed M., Junaid M. Shaikh,, Poh, Ling Ho, Anbalagan Krishnan,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2022
Online Access:http://journalarticle.ukm.my/21290/2/EXTERN~1.PDF
http://journalarticle.ukm.my/21290/
https://ejournal.ukm.my/gmjss/index
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spelling my-ukm.journal.212902023-03-06T02:29:09Z http://journalarticle.ukm.my/21290/ External pressures, managerial motive and corporate sustainability strategy: evidence from a developing economy Shamil, Mohamed M. Junaid M. Shaikh, Poh, Ling Ho Anbalagan Krishnan, Based on social-system theories, our study analyzes the (i) influence of institutional and external stakeholder pressure on the adoption of corporate sustainability strategy and (ii) role of managerial motive in mediating the influence of external pressures on the adoption of corporate sustainability strategy. A questionnaire was developed to collect data from listed companies in Sri Lanka, and the data were analyzed using the covariance-based structural equation modeling technique. The results showed that the adoption of corporate sustainability strategy is positively influenced by external stakeholder pressures, whereas institutional pressures had no significant impact. The managerial motive was found to mediate institutional pressures, but it was not to mediate external stakeholder pressure on adopting corporate sustainability strategy. This is the first study from Sri Lanka to investigate the interplay between external forces and managers’ internal motivations concerning adopting corporate sustainability strategy. External stakeholders and the institutional environment can call upon organizations to embrace a sustainability agenda in economies where adopting sustainability is purely voluntary. Managers may absorb the external pressures on sustainability and drive organizations to engage in sustainability initiatives. Penerbit Universiti Kebangsaan Malaysia 2022 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/21290/2/EXTERN~1.PDF Shamil, Mohamed M. and Junaid M. Shaikh, and Poh, Ling Ho and Anbalagan Krishnan, (2022) External pressures, managerial motive and corporate sustainability strategy: evidence from a developing economy. Geografia : Malaysian Journal of Society and Space, 18 (4). pp. 17-36. ISSN 2180-2491 https://ejournal.ukm.my/gmjss/index
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description Based on social-system theories, our study analyzes the (i) influence of institutional and external stakeholder pressure on the adoption of corporate sustainability strategy and (ii) role of managerial motive in mediating the influence of external pressures on the adoption of corporate sustainability strategy. A questionnaire was developed to collect data from listed companies in Sri Lanka, and the data were analyzed using the covariance-based structural equation modeling technique. The results showed that the adoption of corporate sustainability strategy is positively influenced by external stakeholder pressures, whereas institutional pressures had no significant impact. The managerial motive was found to mediate institutional pressures, but it was not to mediate external stakeholder pressure on adopting corporate sustainability strategy. This is the first study from Sri Lanka to investigate the interplay between external forces and managers’ internal motivations concerning adopting corporate sustainability strategy. External stakeholders and the institutional environment can call upon organizations to embrace a sustainability agenda in economies where adopting sustainability is purely voluntary. Managers may absorb the external pressures on sustainability and drive organizations to engage in sustainability initiatives.
format Article
author Shamil, Mohamed M.
Junaid M. Shaikh,
Poh, Ling Ho
Anbalagan Krishnan,
spellingShingle Shamil, Mohamed M.
Junaid M. Shaikh,
Poh, Ling Ho
Anbalagan Krishnan,
External pressures, managerial motive and corporate sustainability strategy: evidence from a developing economy
author_facet Shamil, Mohamed M.
Junaid M. Shaikh,
Poh, Ling Ho
Anbalagan Krishnan,
author_sort Shamil, Mohamed M.
title External pressures, managerial motive and corporate sustainability strategy: evidence from a developing economy
title_short External pressures, managerial motive and corporate sustainability strategy: evidence from a developing economy
title_full External pressures, managerial motive and corporate sustainability strategy: evidence from a developing economy
title_fullStr External pressures, managerial motive and corporate sustainability strategy: evidence from a developing economy
title_full_unstemmed External pressures, managerial motive and corporate sustainability strategy: evidence from a developing economy
title_sort external pressures, managerial motive and corporate sustainability strategy: evidence from a developing economy
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2022
url http://journalarticle.ukm.my/21290/2/EXTERN~1.PDF
http://journalarticle.ukm.my/21290/
https://ejournal.ukm.my/gmjss/index
_version_ 1759690445360726016
score 13.223943

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