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Applying the reduce, reuse, and recycle principle in the hospitality sector: Its antecedents and performance implications
Business Strategy and the Environment ( IF 12.5 ) Pub Date : 2021-05-25 , DOI: 10.1002/bse.2809
Alexis Ioannidis 1, 2 , Konstantinos J. Chalvatzis 1, 2 , Leonidas C. Leonidou 3 , Zhiteng Feng 4
Affiliation  

Although the literature on eco-friendly strategies followed by firms is abundant, the focus on the reduce, reuse, and recycle (3Rs) policies as the cornerstone of environmental sustainability is scarce. This study examines the 3Rs environmental strategy among 143 large organizations in the hospitality industry. We use the resource-based view (RBV) of the firm theory to test the strategy's determinants and its impact on business performance on a suggested conceptualization level. As hypothesized, green corporate governance and environmental management systems, along with slack financial resources, were found to positively influence the adoption of a 3Rs environmental strategy. In turn, the implementation of the latter leads to superior business performance, measured in terms of operating profits and Tobin's Q. The study has several implications on a theoretical, managerial, and public policy level where intriguing directions for future research are provided.

中文翻译:

在酒店业中应用减少、再利用和再循环原则:其前因和绩效影响

尽管关于企业遵循的生态友好战略的文献很多,但很少有人关注作为环境可持续性基石的减量化、再利用和再循环 (3R) 政策。本研究调查了酒店业 143 家大型组织的 3R 环境战略。我们使用企业理论的基于资源的观点 (RBV) 来测试战略的决定因素及其在建议的概念化水平上对业务绩效的影响。正如假设的那样,发现绿色公司治理和环境管理体系以及财务资源不足对 3R 环境战略的采用产生积极影响。反过来,后者的实施会带来卓越的业务绩效,以营业利润和托宾Q衡量. 该研究对理论、管理和公共政策层面有几个影响,为未来的研究提供了有趣的方向。
更新日期:2021-05-25
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