Journal
JOURNAL OF CLEANER PRODUCTION
Volume 226, Issue -, Pages 1013-1021Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.jclepro.2019.04.165
Keywords
Corporate water management; Macro factors; Contingency theory; Quantile regression; Multi-country study
Categories
Funding
- Spanish Ministry of Education [ECO2016-74920-C2-1-R]
- University of Zaragoza
- Ibercaja Foundation [268-239]
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Businesses are among the largest consumers of freshwater worldwide, However, existing academic research has barely touched upon how companies manage actual water challenges. In consequence, there is an urgent need to establish the factors that foster and restrict companies' water management practices. Based on contingency theory this research examines the extent to which different macro factors might affect corporate water management practices of a sample of 3729 listed companies operating in 59 different countries. Results of quantile regression modelling reveal country population growth rates, extreme weather events and aridity are linked with corporate water management practices of leaders. None of the macro factors considered drive water management practices of laggards, and for the average company only aridity drives practice. Given the findings, suggestions to improve corporate water management are made for government policy makers and managers of companies with different quality of water management practices. (C) 2019 Elsevier Ltd. All rights reserved.
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