| Title | Profit as a predictor variable for environmental sustainability practices (ESPs) of manufacturing companies for achieving green manufacturing in contemporary Ghana |
|---|---|
| ID_Doc | 23161 |
| Authors | Bour, KB; Adu, K; Amoah, A; Kassum, B; Hodoli, CG; Awua-Boateng, PAK |
| Title | Profit as a predictor variable for environmental sustainability practices (ESPs) of manufacturing companies for achieving green manufacturing in contemporary Ghana |
| Year | 2024 |
| Published | Cogent Economics & Finance, 12, 1 |
| Abstract | The complex relationship between profit margins and environmental sustainability practices (ESPs) in Ghana's manufacturing industry is examined in this study. Utilizing information gathered from six manufacturing firms, the study uses regression analysis to examine how different ESPs affect profit margins. The hypothetical statements were tested using analysis of variance (ANOVA). ANOVA was used to ascertain the variability between the dependent and independent variables. The result from the model summary showed a significant relationship between the MCs' profit margins and their ESPs. The results show that although certain ESPs, like using conventional pollution protection techniques, may only slightly raise profit margins, others, like putting modern pollution control technology into practice, may drastically lower profitability. Furthermore, the study emphasizes how waste management and environmental regulations have a favorable impact on profit margins, indicating that businesses that have strong environmental strategies typically have better financial results. However, the study also reveals the possible downsides of programs like eco-awards and environmental socialization, which have expenses but little return on investment. Overall, the study highlights the intricate relationship between economic performance and environmental sustainability in Ghanaian manufacturing, providing useful information for industry stakeholders and policymakers who want to support sustainable development practices without sacrificing profitability. By providing empirical evidence of the connection between ESPs and profit margins, the study advances academic knowledge and improves corporate economics and environmental management knowledge. The design of incentive programs and regulatory frameworks to support sustainable behaviors can be informed by findings, that balance environmental responsibility and financial feasibility. |
| https://www.tandfonline.com/doi/pdf/10.1080/23322039.2024.2364362?needAccess=true |
Similar Articles
| ID | Score | Article |
|---|---|---|
66534
|
Bounit, A; Bounit, H New Green Economy Policy Integrating The Economic Dimension In The Face Of Environmental Problems In The Case Of A Moroccan Agri-Food Company(2023)Access-Access To Science Business Innovation In The Digital Economy, 4, 2 | |
| 65403
|
Gotschol, A; De Giovanni, P; Vinzi, VE Is environmental management an economically sustainable business?(2014) | |
| 73356
|
Lin, YA; Chang, BL; Shih, SG; Perng, YY Discussion Of Relationship Between Corporate Environmental Management And Sustainable Competitive Advantage - Based On Green Innovation(2020)Journal Of Environmental Protection And Ecology, 21, 4 | |
| 75338
|
Santos, JG; Carneiro, VCV; Ramalho, AMC Sustainability And Cleaner Production: A Study On The Implications Competitive Advantage In Business(2015)Revista Metropolitana De Sustentabilidade, 5, 2 | |
| 71594
|
Baah, C; Agyabeng-Mensah, Y; Afum, E; Armas, JAL Exploring corporate environmental ethics and green creativity as antecedents of green competitive advantage, sustainable production and financial performance: empirical evidence from manufacturing firms(2024)Benchmarking-An International Journal, 31.0, 3 | |
| 70515
|
Agyabeng-Mensah, Y; Ahenkorah, E; Afum, E; Owusu, D The influence of lean management and environmental practices on relative competitive quality advantage and performance(2020)Journal Of Manufacturing Technology Management, 31, 7 | |
| 18576
|
Mungai, E; Ndiritu, SW Peeling the Onion! What are the drivers and barriers of cleaner production? A case of the Kenyan manufacturing SMEs(2023) | |
| 68176
|
Nigatu, T; Degoma, A; Tsegaye, A Green practices and economic performance: Mediating role of green innovation in Ethiopian leather, textile, and garment industries-An integrated PLS-SEM analysis(2024)Heliyon, 10, 15 | |
| 67713
|
Alinda, K; Tumwine, S; Kaawaase, TK Environmental innovations and sustainability practices of manufacturing firms in Uganda(2024)Asia Pacific Journal Of Innovation And Entrepreneurship, 18, 2 | |
| 71675
|
Pumiviset, W; Suttipun, M Sustainability and strategic management accounting: evidence of green manufacturing in Thailand(2024)Cogent Business & Management, 11.0, 1 |