Maintaining momentum: drivers of environmental and economic performance, and impediments to sustainability
- With regard to environmental management, corporate social responsibility has become a major issue for firms. This chapter addresses specifically the role of moderators using structural equation modeling (SEM) by focusing on the question of whether firms empirically sustain efforts to simultaneously improve environmental and economic performance and in doing so will hopefully also provide generalizable insights for sustainability at large that help academics to focus future research and managers to design well-informed strategies. The chapter discusses the relevant theories that motivate the structural model and then develop hypotheses. Two theories are frequently involved in framing the response of firms to stakeholder demands for reducing their environmental impact, namely institutional theory and the natural-resource-based view.
