Business strategy, sustainability, and firm value: A test of financial slack and agency theories
Mahmood M. Uyar A. Kuzey C. Karaman A.S.
July 2023John Wiley and Sons Ltd
Managerial and Decision Economics
2023#44Issue 52924 - 2947 pp.
Do cost leaders engage with sustainability practices or avoid them to save costs, and do differentiators implement those practices to attract the sympathy of the customers or not? How do shareholders of each strategy follower consider those practices? Answering these questions is the main purpose of this study. We find that while cost leadership is significantly and positively associated with environmental, social, and governance sustainability, differentiation is significantly and negatively associated with social and environmental sustainability but not with governance sustainability. While cost leaders shareholders approve of social and governance sustainability, differentiators shareholders disapprove of environmental, social, and governance sustainability.
Text of the article Перейти на текст статьи
Bang College of Business, KIMEP University, Almaty, 050010, Kazakhstan
Excelia Business School, La Rochelle, France
Arthur J. Bauernfeind College of Business, Murray State University, Murray, KY, United States
College of Engineering and Technology, American University of the Middle East, Kuwait
Bang College of Business
Excelia Business School
Arthur J. Bauernfeind College of Business
College of Engineering and Technology
10 лет помогаем публиковать статьи Международный издатель
Книга Публикация научной статьи Волощук 2026 Book Publication of a scientific article 2026