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Stakeholders’ Engagement in the Company’s Management as a Driver of Green Competitiveness within Sustainable Development

Sustainability, 2023-04, Vol.15 (9), p.7249 [Peer Reviewed Journal]

COPYRIGHT 2023 MDPI AG ;2023 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2071-1050 ;EISSN: 2071-1050 ;DOI: 10.3390/su15097249

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  • Title:
    Stakeholders’ Engagement in the Company’s Management as a Driver of Green Competitiveness within Sustainable Development
  • Author: Lyulyov, Oleksii ; Chygryn, Olena ; Pimonenko, Tetyana ; Kwilinski, Aleksy
  • Subjects: Brand loyalty ; Communication ; Competition ; Competitive advantage ; Competitiveness ; Construction ; Decision making ; Development policy ; Economic development ; Economic growth ; Energy consumption ; Environmental regulations ; Literature reviews ; Stakeholders ; Statistical analysis ; Sustainable development
  • Is Part Of: Sustainability, 2023-04, Vol.15 (9), p.7249
  • Description: The world’s transition to green economic growth, considering the Agenda for Sustainable Development, provokes relevant structural changes in the world market. Consequently, it boosts the business sector’s ability to incorporate green dimensions into their development policies to intensify their green competitiveness in the market. In this case, it is necessary to identify the appropriate indicators that affect a company’s green competitiveness. Thus, stakeholders and management could intensify or decline a company’s green competitiveness depending on the efficiency of communication between them. The paper aims to analyze the role of stakeholders’ engagement in the company’s management in enhancing green competitiveness. The research data were compiled from a questionnaire of 75 respondents, who represent the Ukrainian company’s management. The study applies PLS-SEM to test the hypotheses of the investigation. The empirical results allow us to conclude that stakeholders’ engagement in the company’s management positively affects the company’s green competitiveness. The most statistically significant impact on the company’s green competitiveness is experience in communication with stakeholders and managing stakeholders’ conflicts, with loading factors of 0.802 and 0.806, respectively. The findings show that to improve green competitiveness, the company’s management should develop targeted stakeholder communications and extend knowledge and awareness of stakeholder interests and values. At the same time, management should incorporate stakeholders’ suggestions and recommendations when promoting a company’s green competitiveness.
  • Publisher: Basel: MDPI AG
  • Language: English
  • Identifier: ISSN: 2071-1050
    EISSN: 2071-1050
    DOI: 10.3390/su15097249
  • Source: Geneva Foundation Free Medical Journals at publisher websites
    Coronavirus Research Database
    ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central
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