TY - JOUR
T1 - Stakeholder pressure and its effect on environmental proactiveness and firm performance
T2 - The mediating role of dynamic managerial capabilities
AU - Pusparini, Elok Savitri
AU - Widjaja, Budi
AU - Rachmawati, Riani
AU - Sudhartio, Lily
N1 - Publisher Copyright:
© Universiti Putra Malaysia Press.
PY - 2018/8
Y1 - 2018/8
N2 - This study examines how Indonesia’s hotel industry responds to environmental sustainability pressure and how dynamic managerial capabilities play a significant role in defining environmental proactiveness as a proxy of strategic response and its impact on a firm’s performance. This will be done using a model that integrates institutional theory, resource dependence theory, and cognitive theoretical perspectives. The findings of this study indicate that stakeholder pressures perceived by hotel managers have a positive impact on hotels’ environmental proactiveness through the mediating effect of dynamic managerial capabilities. This current study also finds a strong and positive relationship between environmental proactiveness and firm performance. Drawing from the results, research contributions, managerial implication, policy implication, and future avenues of inquiries for researchers are provided.
AB - This study examines how Indonesia’s hotel industry responds to environmental sustainability pressure and how dynamic managerial capabilities play a significant role in defining environmental proactiveness as a proxy of strategic response and its impact on a firm’s performance. This will be done using a model that integrates institutional theory, resource dependence theory, and cognitive theoretical perspectives. The findings of this study indicate that stakeholder pressures perceived by hotel managers have a positive impact on hotels’ environmental proactiveness through the mediating effect of dynamic managerial capabilities. This current study also finds a strong and positive relationship between environmental proactiveness and firm performance. Drawing from the results, research contributions, managerial implication, policy implication, and future avenues of inquiries for researchers are provided.
KW - Dynamic managerial capabilities
KW - Environmental proactiveness
KW - Firm performance
KW - Hotel industry
KW - Stakeholder pressure
UR - http://www.scopus.com/inward/record.url?scp=85049740557&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:85049740557
SN - 0128-7702
VL - 26
SP - 197
EP - 212
JO - Pertanika Journal of Social Sciences and Humanities
JF - Pertanika Journal of Social Sciences and Humanities
IS - August
ER -