The determinants of resource efficiency and its implications for emission reduction performance

This study aims to investigate the impact of green innovation, Corporate Social Responsibility (CSR) strategy, and corporate governance on resource efficiency, as well as the influence of resource efficiency on emission reduction performance. The study involved an analysis of 563 firms from five ASEAN countries (Indonesia, Malaysia, Singapore, Thailand, and the Philippines) using Structural Equation Modeling (SEM). The findings revealed a positive relationship between green innovation and resource efficiency. Additionally, the study demonstrated that CSR strategy has a positive effect on resource efficiency. However, corporate governance does not seem to have a direct impact on resource efficiency. Finally, the study found that firms with the ability to enhance resource efficiency also demonstrate better performance in reducing emissions.