Greening Emerging Economies: Enhancing Environmental, Social, and Governance Performance through Environmental Management Accounting and Green Financing

Reviewer’s comments

Author’s reply

I would appreciate the editor for providing me an opportunity to review the article “Greening Emerging Economies: Enhancing ESG Performance Through Environmental Management Accounting and Green Financing”. In this paper, the authors examined whether the EMA and green financing of a firm is associated with the ESG. The paper is overall interesting, but I am afraid that some details should be provided to help the readers better understand.

1. The contribution is unclear. Please clarify the novelty of this paper in Introduction.

Thank you very much. We have revised the contribution of the paper and novelty is clarified. The changes are highlighted by green color.

2. What I expect is Figure 1 is a clear illustration on the concept framework, but the present form fails to meet the criterion. Therefore, I would recommend the authors to modify the Figure 1 to help the readers better understand the hypotheses. Moreover, is there any possibility that EMA and green financing are related?

Thank you very much for your thought-provoking review. We revised the Figure 1. Hope now it’s reader-friendly.

3. The authors provide limited details on the measures or questionnaires. This may be inappropriate since the readers have little information on the measures and can hardly judge whether the measures are well-designed. Consequently, I would recommend the authors to provide more details here and clarify how the measures are built.

Thank you once again. Now, we have added the measurement items at Table 2.  The changes are highlighted by green color.

4. The results can be visualized like figure 1.

We try to follow your suggestions. Now, the results are alike Figure 1. We added Figure 2 combining the results.

5. I am curious of what is the data source of fsQCA.

Thank you very much. We have used latent variable scores found at PLS output. We followed the calibration process. We think now you got the data source of fsQCA.

6. There are quite a lot of typos or mistakes in this paper. The authors may double check them before submission.

Thank you for raising this issue. We revised the manuscript and checked the language error or typos.

Reviewer’s comments

Author’s reply

This paper makes efforts for revealing how organizations can effectively integrate sustainability practices into their operations to achieve superior performance outcomes. Despite much efforts, it is not successful for providing "scientific" evidence of whether companies' EMS measures actually improved corporate performance. The results only based on survey data are not sufficient to prove the hypotheses for the real world of Bangladesh. It is strongly recommended to use the actual firm-level data, such as, operational and financial performance in order for testing whether the performance is structually changed before and after the EMS meausures are implemented.     

Thank you very much for your valuable comments. We really appreciate it. Hair et al. (2019) argued that PLS-SEM is a scientific approach to analyse multi-variate complex relationships like our study. But it’s true that is the limitation of this study. As at this stage data collection is completely done and actual firm-level data is not available, we included a statement at the conclusion as the limitation of the study. We hope it will not harm. Thank you once again for supporting us. The changes are highlighted by yellow color.

Hair, J.F., Risher, J.J., Sarstedt, M. and Ringle, C.M., 2019. When to use and how to report the results of PLS-SEM. European business review, 31(1), pp.2-24.

English expressions are sufficiently readable. Yet, they are not very decent.

Thank you for raising this issue. We revised the manuscript and checked the language error or typos.