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How financial performance influences investment in sustainable development initiatives in the airline industry: The moderation role of state-ownership

  • Identification data

    Identifier: imarina:9258962
    Authors:
    Abdi, YaghoubLi, XiaoniCamara-Turull, Xavier
    Abstract:
    This study aims to broaden the research on the influence of financial performance (FP) on sustainable development activities proxied by environmental, social, and governance (ESG) disclosure in the airline industry. In addition, we examine the moderating effect of state-ownership on the FP-ESG relationship. Based on data collected from 36 airlines worldwide for the period 2008–2019, we found that ESG is negatively and significantly influenced by FP. This result implies that the willingness of airlines to contribute to ESG initiatives is diminished when economic conditions are favorable. State-ownership moderates the relationship between FP and ESG such that the negative relationship is weaker in presence of state shares. Our findings help to disentangle the roles of FP in its contribution to sustainability and are valuable in better understanding the topic in airline context. Also, our results have some important implications for how industry practitioners may act more effectively in the managerial social decision process and provide insights to assist investors who are considering eco-investing in the airline industry.
  • Others:

    Author, as appears in the article.: Abdi, Yaghoub; Li, Xiaoni; Camara-Turull, Xavier
    Department: Gestió d'Empreses
    URV's Author/s: Abdi, Yaghoub / Càmara Turull, Xavier / Li, Xiaoni
    Keywords: Sustainable development State-ownership Financial performance Environmental, social, and governance Corporate social-responsibility Airline industry sustainable development strategy state-ownership social resource-based view management impact governance firm performance financial performance environmental disclosure determinants csr and governance
    Abstract: This study aims to broaden the research on the influence of financial performance (FP) on sustainable development activities proxied by environmental, social, and governance (ESG) disclosure in the airline industry. In addition, we examine the moderating effect of state-ownership on the FP-ESG relationship. Based on data collected from 36 airlines worldwide for the period 2008–2019, we found that ESG is negatively and significantly influenced by FP. This result implies that the willingness of airlines to contribute to ESG initiatives is diminished when economic conditions are favorable. State-ownership moderates the relationship between FP and ESG such that the negative relationship is weaker in presence of state shares. Our findings help to disentangle the roles of FP in its contribution to sustainability and are valuable in better understanding the topic in airline context. Also, our results have some important implications for how industry practitioners may act more effectively in the managerial social decision process and provide insights to assist investors who are considering eco-investing in the airline industry.
    Thematic Areas: Saúde coletiva Renewable energy, sustainability and the environment Regional & urban planning Planning & development Medicina ii Medicina i Green & sustainable science & technology General o multidisciplinar Economia Development studies Development Ciencias sociales Administração pública e de empresas, ciências contábeis e turismo
    licence for use: https://creativecommons.org/licenses/by/3.0/es/
    Author's mail: yaghoub.abdi@estudiants.urv.cat yaghoub.abdi@estudiants.urv.cat xiaoni.li@urv.cat xavier.camara@urv.cat xavier.camara@urv.cat
    Author identifier: 0000-0002-7551-3068 0000-0002-7551-3068 0000-0002-4047-4046 0000-0001-7018-080X 0000-0001-7018-080X
    Record's date: 2024-10-12
    Papper version: info:eu-repo/semantics/publishedVersion
    Link to the original source: https://onlinelibrary.wiley.com/doi/full/10.1002/sd.2314
    Licence document URL: https://repositori.urv.cat/ca/proteccio-de-dades/
    Papper original source: Sustainable Development. 30 (5): 1252-1267
    APA: Abdi, Yaghoub; Li, Xiaoni; Camara-Turull, Xavier (2022). How financial performance influences investment in sustainable development initiatives in the airline industry: The moderation role of state-ownership. Sustainable Development, 30(5), 1252-1267. DOI: 10.1002/sd.2314
    Article's DOI: 10.1002/sd.2314
    Entity: Universitat Rovira i Virgili
    Journal publication year: 2022
    Publication Type: Journal Publications
  • Keywords:

    Development,DEVELOPMENT STUDIES,Green & Sustainable Science & Technology,Planning & Development,REGIONAL & URBAN PLANNING,Renewable Energy, Sustainability and the Environment
    Sustainable development
    State-ownership
    Financial performance
    Environmental, social, and governance
    Corporate social-responsibility
    Airline industry
    sustainable development
    strategy
    state-ownership
    social
    resource-based view
    management
    impact
    governance
    firm performance
    financial performance
    environmental
    disclosure
    determinants
    csr
    and governance
    Saúde coletiva
    Renewable energy, sustainability and the environment
    Regional & urban planning
    Planning & development
    Medicina ii
    Medicina i
    Green & sustainable science & technology
    General o multidisciplinar
    Economia
    Development studies
    Development
    Ciencias sociales
    Administração pública e de empresas, ciências contábeis e turismo
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