Does financial resource slack drive sustainability expenditure in developing economy small and medium-sized enterprises? |
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| Institution: | 1. University of Leeds, Leeds University Business School, Leeds LS2 9JT, United Kingdom;2. De Montfort University, The Gateway, Leicester LE1 9BH, United Kingdom;3. Pan-Atlantic University, Lagos Business School, Km 52 Lekki-Epe Expressway, Nigeria;1. University of Portsmouth, Department of Marketing and Sales, Portland Street, PO13DE, United Kingdom;2. University of Piemonte Orientale “A. Avogadro”, Department of Economics and Business, Via Perrone 18, 28100 Novara, Italy;1. Lappeenranta University of Technology School of Business and Management, P.O. Box 20, FI-53851 Lappeenranta, Finland;2. Aalto University, Runeberginkatu 22, FI-00100 Helsinki, Finland;1. Lappeenranta University of Technology, Finland;2. University of Leeds, Leeds University Business School, Leeds LS2 9JT, United Kingdom;3. Loughborough University, Loughborough, Leicestershire LE11 3TU, United Kingdom;4. Lagos Business School, Pan-Atlantic University, Km 22, Lekki-Epe Expressway, Ajah, Lekki, Lagos, Lagos, Nigeria;1. National Chengchi University, 64, Sec. 2 Zhi-Nan Road, Taipei 11605, Taiwan;2. Florida State University, Department of Marketing, College of Business, Tallahassee, FL 32306-1110, United States;3. Georgia State University, Institute of International Business, J. Mack Robinson College of Business, 35 Broad Street, Atlanta 30303, Georgia |
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| Abstract: | While firms continue to commit slack financial resources to sustainability causes, knowledge is lacking on how financial resource slack drives sustainability expenditure under varying conditions of market pressure and political connectedness in a developing-economy market. Using primary data from exporting small and medium sized enterprises in Nigeria, this study shows that increases in financial resource slack are associated with decreases in sustainability expenditure. Additionally, results indicate that the negative effect of financial resource slack on sustainability expenditure becomes positive when levels of market pressure are higher. However, the negative effect relationship is strengthened (i.e. becomes more negative) when levels of political connectedness are greater. We discuss theoretical and managerial implications of these findings. |
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