Does product market competition affect corporate waste management? International evidence

Nader Atawnah; Zakir Hossain; Md Al Mamun; Louy Badarin

doi:10.1016/j.iref.2024.103483

Does product market competition affect corporate waste management? International evidence

Nader Atawnah, Zakir Hossain, Md Al Mamun, Louy Badarin

School of Economics, Finance and Accounting

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

Abstract

We investigate the impact of product market competition (PMC) on corporate waste generation and Recycling. Analysing a global sample of 42 countries from 2002-2020, we find a positive (negative) association between the PMC and corporate waste generation (Recycling). Our channel analysis reveals that PMC diminishes both a company's profitability and cash flow, leading to lower waste management (Recycling). In further analysis, we demonstrate that the positive effect of PMC on waste generation is more prominent in financially constrained firms. Our study provides novel evidence of the consequential impact of competition on sustainability initiatives and presents important policy implications for regulators.

Original language	English
Article number	103483
Pages (from-to)	(In-Press)
Number of pages	18
Journal	International Review of Economics and Finance
Volume	95
Early online date	2 Aug 2024
DOIs	https://doi.org/10.1016/j.iref.2024.103483
Publication status	Published - Sept 2024

Bibliographical note

Funder

Nader Atawnah was awarded some funding by the United Arab Emirates University, grant number 12B037.

Funding

Nader Atawnah was awarded some funding by the United Arab Emirates University, grant number 12B037.

Funders	Funder number
United Arab Emirates University	12B037

Keywords

Waste Generation
Waste Recycling
Market Competition
Profitability
Free Cash Flow

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.iref.2024.103483

Cite this

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title = "Does product market competition affect corporate waste management? International evidence",

abstract = "We investigate the impact of product market competition (PMC) on corporate waste generation and Recycling. Analysing a global sample of 42 countries from 2002-2020, we find a positive (negative) association between the PMC and corporate waste generation (Recycling). Our channel analysis reveals that PMC diminishes both a company's profitability and cash flow, leading to lower waste management (Recycling). In further analysis, we demonstrate that the positive effect of PMC on waste generation is more prominent in financially constrained firms. Our study provides novel evidence of the consequential impact of competition on sustainability initiatives and presents important policy implications for regulators.",

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AU - Hossain, Zakir

AU - Mamun, Md Al

AU - Badarin, Louy

PY - 2024/9

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N2 - We investigate the impact of product market competition (PMC) on corporate waste generation and Recycling. Analysing a global sample of 42 countries from 2002-2020, we find a positive (negative) association between the PMC and corporate waste generation (Recycling). Our channel analysis reveals that PMC diminishes both a company's profitability and cash flow, leading to lower waste management (Recycling). In further analysis, we demonstrate that the positive effect of PMC on waste generation is more prominent in financially constrained firms. Our study provides novel evidence of the consequential impact of competition on sustainability initiatives and presents important policy implications for regulators.

AB - We investigate the impact of product market competition (PMC) on corporate waste generation and Recycling. Analysing a global sample of 42 countries from 2002-2020, we find a positive (negative) association between the PMC and corporate waste generation (Recycling). Our channel analysis reveals that PMC diminishes both a company's profitability and cash flow, leading to lower waste management (Recycling). In further analysis, we demonstrate that the positive effect of PMC on waste generation is more prominent in financially constrained firms. Our study provides novel evidence of the consequential impact of competition on sustainability initiatives and presents important policy implications for regulators.

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KW - Waste Recycling

KW - Market Competition

KW - Profitability

KW - Free Cash Flow

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SP - (In-Press)

JO - International Review of Economics and Finance

JF - International Review of Economics and Finance

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ER -

Does product market competition affect corporate waste management? International evidence

Abstract

Bibliographical note

Funder

Funding

Keywords

UN SDGs

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