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

  • Datos identificativos

    Identificador: imarina:9258962
    Autores:
    Abdi, YaghoubLi, XiaoniCamara-Turull, Xavier
    Resumen:
    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.
  • Otros:

    Autor según el artículo: Abdi, Yaghoub; Li, Xiaoni; Camara-Turull, Xavier
    Departamento: Gestió d'Empreses
    Autor/es de la URV: Abdi, Yaghoub / Càmara Turull, Xavier / Li, Xiaoni
    Palabras clave: 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
    Resumen: 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.
    Áreas temáticas: 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
    Acceso a la licencia de uso: https://creativecommons.org/licenses/by/3.0/es/
    Direcció de correo del autor: yaghoub.abdi@estudiants.urv.cat yaghoub.abdi@estudiants.urv.cat xiaoni.li@urv.cat xavier.camara@urv.cat xavier.camara@urv.cat
    Identificador del autor: 0000-0002-7551-3068 0000-0002-7551-3068 0000-0002-4047-4046 0000-0001-7018-080X 0000-0001-7018-080X
    Fecha de alta del registro: 2024-10-12
    Versión del articulo depositado: info:eu-repo/semantics/publishedVersion
    Enlace a la fuente original: https://onlinelibrary.wiley.com/doi/full/10.1002/sd.2314
    URL Documento de licencia: https://repositori.urv.cat/ca/proteccio-de-dades/
    Referencia al articulo segun fuente origial: Sustainable Development. 30 (5): 1252-1267
    Referencia de l'ítem segons les normes 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
    DOI del artículo: 10.1002/sd.2314
    Entidad: Universitat Rovira i Virgili
    Año de publicación de la revista: 2022
    Tipo de publicación: Journal Publications
  • Palabras clave:

    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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