Business- and environment-related drivers of firms’ return on natural resources: A configurational approach

Frank Figge, Tobias Hahn

Research output: Indexed journal article Articlepeer-review

17 Citations (Scopus)

Abstract

The sustainability challenges society faces call for firms to manage their use of natural resources wisely. Prior work on firm responses to sustainability challenges has largely focused on explaining and enhancing economic rather than environmental performance. We build on recent developments to extend resource dependence theory to include natural resources and seek to explain how business- and environment-related firm activities influence the use of natural resources. Using a configurational approach, we develop a conceptual model that explains the return on natural resources of firms based on four distinct sets of business- and environment-related comparative advantages. An illustrative application to the car-manufacturing sector demonstrates the practical applicability of our model and provides first insights into configurations we are likely to observe in practice. Our model and its application show that economic success is neither necessary nor sufficient to enhance a firm's return on natural resources.

Original languageEnglish
Article number102066
JournalLong Range Planning
Volume54
Issue number4
DOIs
Publication statusPublished - Aug 2021

Keywords

  • Automobile industry
  • Business sustainability
  • Configurations
  • Eco-efficiency
  • Natural resources

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