From Trash to Treasure: The Moderating Role of Sustainability Governance Between Firm Strategy and Waste Management
基于47个国家2002-2021年的数据，研究发现成本领先战略与废物产生量正相关，但与废物回收率正相关；差异化战略与废物产生量正相关，但与回收率无关；环境管理团队和可持续委员会能增强两种战略下的废物管理效果。
ABSTRACT This study examines whether firm strategy is significantly associated with waste management and if sustainability governance moderates the relationship between firm strategy and waste management. Our investigation is based on an international sample from 47 countries over 20 years (i.e., 2002–2021). We find that as cost leadership focus increases, firms tend to generate more waste in tons. However, when a firm's operational intensity is considered in assessing waste production (i.e., waste in tons/total sales ratio), cost leadership is negatively associated with waste production. In addition, a cost leadership focus is positively associated with waste recycling in both tons and waste recycling ratios. On the other hand, although differentiation strategy is positively associated with waste production (i.e., waste in tons/total sales ratio), it is not significantly associated with waste recycling metrics. Moreover, the moderation analyses revealed that environmental management teams and sustainability committees enhance waste management for followers of both firm strategies in a similar and differing way.