Sustainable development and environmental policy: The engagement of stakeholders in green products in Vietnam
基于利益相关者理论，研究了越南企业实施绿色产品多样化策略时，不同利益相关者的影响，发现外国客户是主要推动力，而制度弱点和社区利益相关者影响不显著。
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.