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.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.