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Effects of energy management practices on environmental performance of Indian small- and medium- sized enterprises
Patel, J.D. Shah, R.
Patel, J.D.
Shah, R.
Publication Date
20/01/2022
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© 2022 Elsevier. Reproduced in accordance with the publisher's self-archiving policy. This manuscript version is made available under the CC-BY-NC-ND 4.0 license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
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openAccess
Accepted for publication
15/12/2021
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Abstract
Achieving energy efficiency through adoption of energy management practices remain top priorities among industry. Studies focusing on energy management practices are scarce and this area needs to be focused. Building on the perspective of resource-based view and behavioral theory of corporate governance, the purpose of the study is to develop and test an integrative framework linking manufacturing firm's energy management practices (EMPs) to environmental and financial performance through mediating roles played by energy efficiency and audit. The moderating role played by the top management commitment is further examined. Structural equation modeling was employed to test the hypotheses alongside Hayes' PROCESS to check moderation effects. Results from a survey of 637 employees working in Small- and Medium-sized Enterprises (SMEs) of Indian manufacturing firms indicate that EMPs result into increased environmental as well as financial performance of the firm. It was also found that energy efficiency mediates the relationship between the adoption of EMPs and environmental performance, amplified by top management commitment. Further, energy audit mediates the effect of EMPs on energy efficiency. The study contributes to offering the new research directions to identify alternatives that monetises environmental concepts such as energy efficiency, leading to higher performance of SMEs.
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Accepted manuscript
Citation
Patel JD, Shah R and Trivedi R (2022) Effects of energy management practices on environmental performance of Indian small- and medium- sized enterprises. Journal of Cleaner Production. 333: 130170.
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Notes
The full-text of this article will be released for public view at the end of the publisher embargo on 20 Dec 2022.