Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

The Nexus between Sustainable Practices and Foreign Ownership: A firm-sector-level analysis within the EECA region

Siller, Emma LU and Bijvank, Jochem LU (2024) BUSN09 20241
Department 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:
author
Siller, Emma LU and Bijvank, Jochem LU
supervisor
organization
course
BUSN09 20241
year
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}},
}