Abstract
This paper evaluates the environmental behavior of smes in the Canary Islands (Spain), one of the Outermost European Regions. The islands’ fragile socioeconomic systems and scarce resources noticeably condition the competitiveness of their firms. An empirical analysis ranks environmental protection practices in smes and identifies differences on the basis of size and business sector. In addition, groups of firms with different environmental behavior are identified to facilitate the design of environmental policies, improve effectiveness in decision making and the more efficient use of resources. From a theoretical perspective, this paper contributes to the gap identified by the precursors of the Natural Resource-Based View of the firm by analyzing specific resource combinations that each firm can use to improve its environmental performance and achieve competitive advantages. The firms best positioned to develop the dynamic capabilities needed are identified not only considering the physical environment, but also the socio-economic one and key intangible resources are measured that shape firms’ environmental strategy.
Highlights
Island territories face considerable challenges to achieve sustainable development and firms play a key role in this development
This paper focuses on Resource-Based Theory (RBT)’s internal capacities, organizational ones, such as EM, and the relevance achieved by this theory in the 1990s as an alternative to other environmental models (Porter 1980) to explain the origin of firms’ competitive advantages
Our study aims to widen this perspective of the disclosure of environmental information and to analyze whether sectoral differences exist at the level of development of EM
Summary
Island territories face considerable challenges to achieve sustainable development and firms play a key role in this development. The specific features of insular settings make it difficult to generalize conclusions from their study This is why island studies are a growing field of research that should be more fully explored (Pugh 2016), considering distinct cultural geographies and islands’ varying performances (Stratford et al 2011). Their analysis should not be considered as a pursuit by islands/islanders, or with them, not even for them, but of them (Baldacchino 2008; Stratford et al 2011)
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