The Nexus between Sustainable Practices and Foreign Ownership: A firm-sector-level analysis within the EECA region
(2024) BUSN09 20241Department of Business Administration
- Abstract (Swedish)
- Global investment decisions are increasingly prioritizing sustainability, and this study examines how firm-level practices toward sustainability have the potential to attract foreign ownership. Focusing on the Eastern European and Central Asian (EECA) region, the interaction between foreign direct investment (FDI) and sustainable management practices within the context of middle- to upper-middle-income economies is explored. Specifically, this analysis examines the presence of pollution haven and halo effects and subsequently assesses these effects across the manufacturing and services sectors within this region. For the purposes of this research, a cross-sectional logistic regression analysis is conducted using data from the Green Economy... (More)
- Global investment decisions are increasingly prioritizing sustainability, and this study examines how firm-level practices toward sustainability have the potential to attract foreign ownership. Focusing on the Eastern European and Central Asian (EECA) region, the interaction between foreign direct investment (FDI) and sustainable management practices within the context of middle- to upper-middle-income economies is explored. Specifically, this analysis examines the presence of pollution haven and halo effects and subsequently assesses these effects across the manufacturing and services sectors within this region. For the purposes of this research, a cross-sectional logistic regression analysis is conducted using data from the Green Economy Module of the World Bank Enterprise Survey (WBES). In total, data from 17761 firms across 27 countries within the EECA region are included in the analysis.
The findings of the aggregate sample identify a significant and positive coefficient of three firm-level sustainable practices. Although the causality between the implementation of sustainable practices and foreign ownership remains undetermined, the results suggest the potential presence of a pollution halo effect within the EECA region.
The findings of the comparative analysis between services and manufacturing, however, did not cohere with the formulated hypotheses. Nevertheless, while the overall explanatory power of sustainable management practices on foreign ownership is only moderate, the results indicate the potential presence of both a pollution haven and pollution halo effect when distinguishing between the two sectors. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9159214
- author
- Siller, Emma LU and Bijvank, Jochem LU
- supervisor
- organization
- course
- BUSN09 20241
- year
- 2024
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Foreign ownership, FDI, pollution haven, pollution halo, sustainability, sustainable management practices, EECA, manufacturing sectors, services sectors
- language
- English
- id
- 9159214
- date added to LUP
- 2024-06-26 12:56:10
- date last changed
- 2024-06-26 12:56:10
@misc{9159214, abstract = {{Global investment decisions are increasingly prioritizing sustainability, and this study examines how firm-level practices toward sustainability have the potential to attract foreign ownership. Focusing on the Eastern European and Central Asian (EECA) region, the interaction between foreign direct investment (FDI) and sustainable management practices within the context of middle- to upper-middle-income economies is explored. Specifically, this analysis examines the presence of pollution haven and halo effects and subsequently assesses these effects across the manufacturing and services sectors within this region. For the purposes of this research, a cross-sectional logistic regression analysis is conducted using data from the Green Economy Module of the World Bank Enterprise Survey (WBES). In total, data from 17761 firms across 27 countries within the EECA region are included in the analysis. The findings of the aggregate sample identify a significant and positive coefficient of three firm-level sustainable practices. Although the causality between the implementation of sustainable practices and foreign ownership remains undetermined, the results suggest the potential presence of a pollution halo effect within the EECA region. The findings of the comparative analysis between services and manufacturing, however, did not cohere with the formulated hypotheses. Nevertheless, while the overall explanatory power of sustainable management practices on foreign ownership is only moderate, the results indicate the potential presence of both a pollution haven and pollution halo effect when distinguishing between the two sectors.}}, author = {{Siller, Emma and Bijvank, Jochem}}, language = {{eng}}, note = {{Student Paper}}, title = {{The Nexus between Sustainable Practices and Foreign Ownership: A firm-sector-level analysis within the EECA region}}, year = {{2024}}, }