Sustainable development and environmental policy: The engagement of stakeholders in green products in Vietnam

Quang Le Van; Thanh Viet Nguyen; Manh Hung Nguyen

doi:10.1002/bse.2272

Sustainable development and environmental policy: The engagement of stakeholders in green products in Vietnam

Quang Le Van
, Thanh Viet Nguyen
, Manh Hung Nguyen

University of Akureyri

Research output: Contribution to journal › Article › peer-review

Abstract

Facing the challenge of environmental degradation in Vietnam, a growing number of firms have begun to integrate environmental management systems into their business strategies and develop green product diversification strategies. On the basis of the stakeholder theory, this paper attempts to explore the influences of stakeholders on the implementation of horizontal and vertical green product diversification. Empirical results show that foreign customers play a significant role in driving companies to adopt strategy of green product diversification. For foreign-invested enterprises, the effect is limited to the adoption of horizontal green product diversification. It further reveals that institutional weakness, lack of transparency, community stakeholders, and regulatory stakeholders have no significant effect on the corporate green product strategy.

Original language	English
Pages (from-to)	675-687
Number of pages	13
Journal	Business Strategy and the Environment
Volume	28
Issue number	5
DOIs	https://doi.org/10.1002/bse.2272
Publication status	Published - Jul 2019

Bibliographical note

Funding Information: We would like to thank the anonymous reviewers for helpful comments. Vietnam National Foundation for Science and Technology Development (NAFOSTED) funds this research under Grant 502.01‐ 2016.05. Publisher Copyright: © 2019 John Wiley & Sons, Ltd and ERP Environment

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 1 No Poverty
SDG 2 Zero Hunger
SDG 3 Good Health and Well-being
SDG 4 Quality Education
SDG 5 Gender Equality
SDG 6 Clean Water and Sanitation
SDG 7 Affordable and Clean Energy
SDG 8 Decent Work and Economic Growth
SDG 9 Industry, Innovation, and Infrastructure
SDG 10 Reduced Inequalities
SDG 11 Sustainable Cities and Communities
SDG 12 Responsible Consumption and Production
SDG 13 Climate Action
SDG 14 Life Below Water
SDG 15 Life on Land
SDG 16 Peace, Justice and Strong Institutions
SDG 17 Partnerships for the Goals

Other keywords

SMEs
diversification
environmental management
green products
stakeholders

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10.1002/bse.2272

Cite this

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title = "Sustainable development and environmental policy: The engagement of stakeholders in green products in Vietnam",

abstract = "Facing the challenge of environmental degradation in Vietnam, a growing number of firms have begun to integrate environmental management systems into their business strategies and develop green product diversification strategies. On the basis of the stakeholder theory, this paper attempts to explore the influences of stakeholders on the implementation of horizontal and vertical green product diversification. Empirical results show that foreign customers play a significant role in driving companies to adopt strategy of green product diversification. For foreign-invested enterprises, the effect is limited to the adoption of horizontal green product diversification. It further reveals that institutional weakness, lack of transparency, community stakeholders, and regulatory stakeholders have no significant effect on the corporate green product strategy.",

keywords = "Business, Environmental management, Policy, Sustainable development, SMEs, diversification, environmental management, green products, stakeholders",

author = "\{Le Van\}, Quang and \{Viet Nguyen\}, Thanh and Nguyen, \{Manh Hung\}",

note = "Funding Information: We would like to thank the anonymous reviewers for helpful comments. Vietnam National Foundation for Science and Technology Development (NAFOSTED) funds this research under Grant 502.01‐ 2016.05. Publisher Copyright: {\textcopyright} 2019 John Wiley \& Sons, Ltd and ERP Environment",

year = "2019",

month = jul,

doi = "10.1002/bse.2272",

language = "English",

volume = "28",

pages = "675--687",

journal = "Business Strategy and the Environment",

issn = "0964-4733",

publisher = "John Wiley and Sons Ltd",

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TY - JOUR

T1 - Sustainable development and environmental policy

T2 - The engagement of stakeholders in green products in Vietnam

AU - Le Van, Quang

AU - Viet Nguyen, Thanh

AU - Nguyen, Manh Hung

N1 - Funding Information: We would like to thank the anonymous reviewers for helpful comments. Vietnam National Foundation for Science and Technology Development (NAFOSTED) funds this research under Grant 502.01‐ 2016.05. Publisher Copyright: © 2019 John Wiley & Sons, Ltd and ERP Environment

PY - 2019/7

Y1 - 2019/7

N2 - Facing the challenge of environmental degradation in Vietnam, a growing number of firms have begun to integrate environmental management systems into their business strategies and develop green product diversification strategies. On the basis of the stakeholder theory, this paper attempts to explore the influences of stakeholders on the implementation of horizontal and vertical green product diversification. Empirical results show that foreign customers play a significant role in driving companies to adopt strategy of green product diversification. For foreign-invested enterprises, the effect is limited to the adoption of horizontal green product diversification. It further reveals that institutional weakness, lack of transparency, community stakeholders, and regulatory stakeholders have no significant effect on the corporate green product strategy.

AB - Facing the challenge of environmental degradation in Vietnam, a growing number of firms have begun to integrate environmental management systems into their business strategies and develop green product diversification strategies. On the basis of the stakeholder theory, this paper attempts to explore the influences of stakeholders on the implementation of horizontal and vertical green product diversification. Empirical results show that foreign customers play a significant role in driving companies to adopt strategy of green product diversification. For foreign-invested enterprises, the effect is limited to the adoption of horizontal green product diversification. It further reveals that institutional weakness, lack of transparency, community stakeholders, and regulatory stakeholders have no significant effect on the corporate green product strategy.

KW - Business

KW - Environmental management

KW - Policy

KW - Sustainable development

KW - SMEs

KW - diversification

KW - environmental management

KW - green products

KW - stakeholders

UR - https://www.scopus.com/pages/publications/85061565963

U2 - 10.1002/bse.2272

DO - 10.1002/bse.2272

M3 - Article

SN - 0964-4733

VL - 28

SP - 675

EP - 687

JO - Business Strategy and the Environment

JF - Business Strategy and the Environment

IS - 5

ER -

Sustainable development and environmental policy: The engagement of stakeholders in green products in Vietnam

Abstract

Bibliographical note

UN SDGs

Other keywords

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