Abstract
This study explores the definition of the industrial use of genetically modified organisms (GMOs), factors that affect it, and how it influences a firm’s economic performance to understand who drives market access for GMOs and GM products, considering the two premises related to sustainable development: 1) the continuing use of GMOs is one of the most prominent driving forces behind a bio-based economy’s growth, and 2) social system members seek protection from the potential risks of GMOs. The results show compelling evidence of a structural relationship between sociopolitical/economic pressures and economic performance. Additionally, these pressures vary by industry, and activities to secure both social and economic legitimacy due to these pressures have a positive impact on overall firm performance.
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