Going green, going clean : lean-green sustainability strategy and firm growth

Lartey, T; Yirenkyi, DO; Adomako, S; Danso, A; Amankwah-Amoah, J; Alam, MA

Abstract

Despite the widespread recognition of the paybacks of “going green” and “going clean”, limited
research has focused on the impact of lean-green strategy on firm growth. In this study, we
contribute to strategy and environmental sustainability literatures by investigating the possibility
that the influence on lean-green strategy and firm growth is driven by different levels of industry
competition, managerial power and family ties. Using panel data from 732 firms in four major
industrialised economies (the US, Germany, France and the UK), we found that lean-green strategy
positively relates to firm growth and this relationship is amplified at higher levels of competition,
managerial power and family ties. Theoretical and practical implications of the study are also
discussed.
Keywords: Environment, sustainability, lean-green strategy, growth, competition, managerial
power.

• Journal Article Type: Article
• Acceptance Date: May 27, 2019
• Online Publication Date: Jun 26, 2019
• Publication Date: Jan 9, 2020
• Deposit Date: May 28, 2019
• Publicly Available Date: Jun 24, 2021
• Journal: Business Strategy and the Environment
• Print ISSN: 0964-4733
• Electronic ISSN: 1099-0836
• Publisher: Wiley
• Volume: 29
• Issue: 1
• Pages: 118-139
• DOI: https://doi.org/10.1002/bse.2353
• Publisher URL: https://doi.org/10.1002/bse.2353
• Related Public URLs: https://onlinelibrary.wiley.com/journal/10990836