Person: Arocena Garro, Pablo
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Arocena Garro
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Pablo
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Gestión de Empresas
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INARBE. Institute for Advanced Research in Business and Economics
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0000-0002-4035-4597
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365
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Publication Open Access The impact of ISO 14001 on firm environmental and economic performance: the moderating role of size and environmental awareness(Wiley, 2020) Arocena Garro, Pablo; Orcos Sánchez, Raquel; Zouaghi, Ferdaous; Enpresen Kudeaketa; Institute for Advanced Research in Business and Economics - INARBE; Gestión de EmpresasThis paper analyzes the impact of adopting the ISO 14001 standard on firm environmental and economic performance. In particular, it is argued that the degree of environmental awareness of the society (EAS) and firm size are two factors moderating the effect of ISO 14001 on firm performance. A number of hypotheses are formulated and empirically tested on an international sample of 583 listed companies in 46 countries over the period of 2009–2018. The findings show that (i) ISO 14001 adoption contributes to reducing firm carbon emission intensity and increasing firm profitability; (ii) the impact of ISO14001 on profitability is greater for companies from countries with high EAS and for larger firms; and (iii) the impact of ISO 14001 on carbon intensity is greater for headquartered in countries with low EAS. Managerial and policy implications resulting from the widespread adoption of certifiable environmental standards are also discussed.Publication Open Access The scope of implementation of ISO 14001 by multinational enterprises: the role of liabilities of origin(Elsevier, 2023) Arocena Garro, Pablo; Orcos Sánchez, Raquel; Zouaghi, Ferdaous; Institute for Advanced Research in Business and Economics - INARBEThis research contends that MNEs from polluting and emerging countries are subject to liabilities of origin that compel them to signal that they differ from the stereotypes of their home countries to attain environmental legitimacy. ISO 14001 adoption, which signals a commitment to environmental protection, may help MNEs from polluting and emerging countries overcome their legitimacy deficits. The wider the scope of ISO 14001 adoption, the greater its power to signal environmental awareness, and therefore, the greater its efficacy in counteracting liabilities of origin. Accordingly, this research proposes that the scope of ISO 14001 adoption by MNEs from the considered countries is wider than that of MNEs that are not subject to liabilities of origin. This contention is tested in a multisector sample of 733 MNEs over the period 2002–2019.