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Encouraging corporate sustainability through effective strategic partnerships
Author(s) -
ValbuenaHernandez Juan Pablo,
OrtizdeMandojatalia
Publication year - 2022
Publication title -
corporate social responsibility and environmental management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.519
H-Index - 73
eISSN - 1535-3966
pISSN - 1535-3958
DOI - 10.1002/csr.2188
Subject(s) - sustainability , business , variety (cybernetics) , diversity (politics) , sustainability organizations , sustainability reporting , resource (disambiguation) , resource use , duration (music) , panel data , social sustainability , marketing , environmental economics , environmental resource management , economics , political science , art , ecology , computer network , literature , artificial intelligence , computer science , biology , law , econometrics
There is a substantial body of theoretical evidence and a wide variety of recommendations from multilateral agencies on the importance of develop partnerships to achieve sustainability but not all partnerships could be equally effective. The purpose of this study is to establish which characteristics of partnerships could be related to greater improvements in firms' sustainability. To achieve this goal, we based on the resource‐based view, to emphasize the importance of expanding firm resources and capabilities through strategic partnerships. The longitudinal panel data used includes information from sustainability reports published by Spanish listed firms between 2016 and 2019. We find evidence that greater diversity referring to social sectors involved and longer duration partnerships improve sustainability measures, but only in responsive firms (environmentally pollutants). By contrast, in nonresponsive firms, diversity and longer‐tenure partnerships implied less improvement. Finally, we analyze the implications of these results to build effective partnerships and encourage sustainability.