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 | |
| Publication status | Published - Sept 2024 |
Bibliographical note
© 2024 Published by Elsevier Inc.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)
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SDG 12 Responsible Consumption and Production -
SDG 13 Climate Action
Keywords
- Waste Generation
- Waste Recycling
- Market Competition
- Profitability
- Free Cash Flow
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