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

United Arab Emirates University
La Trobe University
Arab American University

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

14 Citations (Scopus)

17 Downloads (Pure)

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
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

© 2024 Elsevier

Copyright © and Moral Rights are retained by the author(s) and/ or other copyright owners. A copy can be downloaded for personal non-commercial research or study, without prior permission or charge. This item cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder(s). The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders.

This document is the author’s Accepted Manuscript, incorporating any revisions agreed during the peer-review process. Some differences between the published version and this version may remain and you are advised to consult the published version if you wish to cite from it.

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

UN SDGs

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

SDG 12 Responsible Consumption and Production
SDG 13 Climate Action

Keywords

Waste Generation
Waste Recycling
Market Competition
Profitability
Free Cash Flow

Access to Document

10.1016/j.iref.2024.103483

Hossain2024AAMAccepted author manuscript, 885 KBLicence: CC BY-NC-ND

Cite this

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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 - Mamun, Md Al

AU - Badarin, Louy

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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.

KW - Waste Generation

KW - Waste Recycling

KW - Market Competition

KW - Profitability

KW - Free Cash Flow

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Does product market competition affect corporate waste management? International evidence

Abstract

Bibliographical note

Funder

Funding

UN SDGs

Keywords

Access to Document

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Cite this