Firm Resources and Environmental Sustainable Development among SMEs: Evidence from the Australian Wine Industry
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Scholars and industry professionals are asking for clarification of the specific firm resources that influence the adoption of environmental sustainable development strategies. This article, set in the context of the Australian wine industry, explores different firm resources that are beneficial for environmental sustainable development and examines the role of management attitudes and norms in moderating this relationship. It establishes which resources SMEs should invest in to be more likely to follow environmental principles. This study reports the findings of a survey of the owner-managers of Australian SME wine producers. It utilises PLS-SEM to analyse the data. Results clearly identify that successful firms that manage their resources more effectively influence the application of environmental behaviour, with one distinct resource significantly influencing the disclosure of such behaviour. A moderating effect is established which supports the notion that pro-environmental decision-making in SMEs is heavily influenced by the attitudes and norms held by management.
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