Anis Chariri, Mohammad Nasir, Indira Januarti and Daljono Daljono
This study aims to examine the effect of institutional ownership, audit committee and types of industry on environmental investment. Furthermore, this research investigates the…
Abstract
Purpose
This study aims to examine the effect of institutional ownership, audit committee and types of industry on environmental investment. Furthermore, this research investigates the consequences of environmental investments on firm financial performance.
Design/methodology/approach
The sample consisted of 145 companies listed on the Indonesia Stock Exchanges and receiving PROPER awards issued by the Ministry of Environment, Republic of Indonesia in the year 2009-2015. The data were then analyzed using ordinal logistic regression and multiple regression.
Findings
The findings showed that environmental investment was significantly affected by types of industry. However, institutional ownership and audit committee did not influence environmental investment. Finally, the finding indicated that environmental investments positively affected firm financial performance.
Research limitations/implications
This research only covered companies listed on the Indonesia Stock Exchanges and receiving PROPER awards. Thus, the findings cannot be generalized for all companies in Indonesia and other markets.
Originality/value
This study is the first effort intended to investigate the determinants and consequences of environmental investment which have been ignored by previous studies, especially in the Asian emerging markets. This study at least provides us with two main contributions. First, the findings on determinants of environmental investment can be used by governments in Asian countries, especially Indonesia as a reference in making policies concerning the obligations of companies to the environmental problems. Second, the finding on the relationship of environmental investment and financial performance can be used by companies as strategies to generate profits without destroying the environment.
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Stock investing choices of individual investors are predominantly influenced by heuristic biases, leading to sub-optimal choices. Accordingly, this study aims to identify…
Abstract
Purpose
Stock investing choices of individual investors are predominantly influenced by heuristic biases, leading to sub-optimal choices. Accordingly, this study aims to identify, categorize, validate, prioritize, and find causality among the heuristic biases shaping stock investment decisions of individual investors.
Design/methodology/approach
This research offers original contribution by employing a hybrid approach combining fuzzy DELPHI method (FDM), fuzzy analytical hierarchy process (FAHP), and fuzzy decision-making trial and evaluation laboratory (F-DEMATEL) techniques to validate, prioritize, and find causality among the heuristic biases.
Findings
Twenty sub-heuristic biases were identified under five main heuristic bias categories. Out of which, 17 were validated using FDM. Further, availability and representativeness within main heuristic categories, and availability cascade and retrievability within sub-heuristic biases were prioritized using FAHP. Overconfidence and availability were identified as the causes among the five main biases by F-DEMATEL.
Practical implications
This study offers the stock investors a deeper understanding of heuristic biases and empowers them to make rational investment decisions.
Originality/value
This paper is the inaugural effort to identify, categorize, validate, prioritize and examine the cause-and-effect relationship among the heuristic biases.
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Cleiton Frigo, Ederlan Magri, Julierme Zimmer Barbosa, Laudete Maria Sarteretto, Eloá Moura Araujo, Vander Freitas de Melo, Stephen Arthur Prior and Antônio Carlos Vargas Motta
Vehicular road traffic may represent an important soil and plant contamination source. In this context, the concentration of heavy metals (Cd, Pb, As, Sb, Ni, Cu, Fe, Al, Mn and…
Abstract
Purpose
Vehicular road traffic may represent an important soil and plant contamination source. In this context, the concentration of heavy metals (Cd, Pb, As, Sb, Ni, Cu, Fe, Al, Mn and Zn) and macronutrients (Ca, Mg, K and P) was evaluated in yerba mate (Ilex paraguariensis St. Hil.) cultivations and in soils adjacent to highways.
Design/methodology/approach
The investigated yerba mate cultivations were located in southern Brazil. Plant tissue (young and old leaves and branches) and soil (0–10 cm) samples were collected at five distances from the highway (0–10, 10–20, 20–30, 30–40 and 40–50 m). Plant tissue was analyzed with and without washing to evaluate contributions from particulate deposition.
Findings
Although increases in soil pseudo-total concentrations of Cd, Cu, Ni, Zn, Fe, Mn, Ca and Mg were observed only at the Erechim site, geoaccumulation indices and enrichment factors (EFs) did not indicate any heavy metal pollution. These results indicate the existence of natural variation in soil. Cadmium was more concentrated in branches than in leaves, while the opposite was observed for Pb. High levels of Mn and Al were found in foliar tissue. In summary, highway proximity did not lead to heavy metal contamination of yerba mate under the evaluated conditions.
Originality/value
This research explores the possibility of heavy metal pollution in plantations of yerba mate adjacent to highways and indicates natural concentrations of toxic elements that exceed current legislation, which was an important discovery regarding the yerba mate production chain.
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Ruzanna Shahrin, Farzana Quoquab, Jihad Mohammad and Rossilah Jamil
This study aims to examine the direct effect of compensatory health beliefs (CHBs), environmental self-identity and perceived environmental responsibility (PER) towards consumers'…
Abstract
Purpose
This study aims to examine the direct effect of compensatory health beliefs (CHBs), environmental self-identity and perceived environmental responsibility (PER) towards consumers' pro-environmental behaviour (PEB). Moreover, this study also investigates the mediating role of PER.
Design/methodology/approach
Data were collected from nutricosmetics consumers in Malaysia. A questionnaire survey was carried out in three major shopping complexes in Klang Valley areas, which generated 448 completed usable responses. The partial least square technique (SmartPLS, version 3) was used to analyse the data and to test the study hypotheses.
Findings
The results revealed that CHBs, environmental self-identity and environmental perceived responsibility positively affect consumers’ PEB in nutricosmetics consumption. Additionally, data supported the mediating role of PER in the relationship between CHB, environmental self-identity and PEB.
Practical implications
It is expected that the study findings will provide significant insights to help marketers and policymakers about consumers’ nutricosmetic products consumption. It will help the marketers to plan for effective marketing strategies to produce environmentally friendly products and to serve the green consumer segment effectively. Moreover, companies attempting to launch new nutricosmetics brands may find the results helpful in understanding PEB.
Originality/value
This study is among the pioneers to examine consumers’ PEB of nutricosmetics products. Moreover, there is a dearth of studies that have investigated the PEB of consumers in regard to the CHBs, environmental self-identity and PER towards nutricosmetics consumption. Additionally, this study examines the mediating role of PER between “CHBs and PEB” and “environmental self-identity and PEB”, which are yet to examine in the past literature in the field.
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Neeraj Dangi, Sapna A. Narula and Sandeep Kumar Gupta
This paper aims to investigate the determinants of organic food buying behaviour in an emerging economy like India, where organic food yet has low market share in spite of its…
Abstract
Purpose
This paper aims to investigate the determinants of organic food buying behaviour in an emerging economy like India, where organic food yet has low market share in spite of its potential. Using the theory of planned behaviour (TPB) as the underlying basis, it attempts to explain the effect of attitude, subjective norms and the perceived behaviour control (PBC) on buying intention towards organic food among respondents in Delhi-National capital region, India. Additionally, it attempts to discriminate functional and constructive attitudes.
Design/methodology/approach
A quantitative questionnaire survey approach was used on 306 respondents and multiple linear regression was used to validate the research model.
Findings
Attitudes and PBC have a significant positive impact on the intention to purchase organic food. This paper found subjective norms to be weak and barely significant to intention. The results conclude that health motives, past purchase behaviour, knowledge, affordability and trust in organic certification label are the main facilitators in organic food purchase. Primarily, the respondents see buying organic food regularly as being of value and enjoyable to them. A more favourable appearance vs conventional food was negatively related to behavioural intention.
Originality/value
This research could aid all stakeholders in the organic food sector, particularly emerging economies like India where the organic market is still nascent. It could be an essential driver to improve customer involvement and thus aid them in the decision-making process to choose organic food over conventional food. It also attempts to establish the usability of TPB in assessing functional attitudes based on constructive attitudes for organic food purchase.