Beyond Monetary Considerations: The Transformative Role of Research and Development Information in Shaping Organizations’ Environmental Performance, Evidence from Jordan

Abstract

This study explores the dynamic interaction between Environmental Research and Development (ER&D) Information and the Organizations' Environmental Performance (OEP). The investigation involves the distribution of a questionnaire to Jordanian organisations listed on the Amman Stock Exchange. The Resource-Based View Theory is employed to validate this relationship. The research establishes significant positive connections between these variables by utilising partial least square structural equation modelling for data analysis. This study underscores the vital role of ER&D information as an intangible resource in enhancing OEP as a tangible environmental enhancement. The research contributes by broadening the scope of ER&D to incorporate its informational value beyond monetary considerations. Additionally, the empirical insights from the study offer invaluable guidance for policymakers and regulatory bodies aiming to foster sustainable business practices, particularly within developing nations.