Responsible Leadership, Financial Management Practices, and Green Marketing orientation: A Structural Equation Model on Triple Bottom Line Performance among food Manufacturing Industries In Region XII
Journal: THE INTERNATIONAL JOURNAL OF BUSINESS MANAGEMENT AND TECHNOLOGY (Vol.6, No. 6)Publication Date: 2022-12-30
Authors : Jose T. Decena III Gaudencio G. Abellanosa;
Page : 33-166
Keywords : Financial Management Practices; Green Marketing Orientation; Responsible Leadership; Structural Equation Model; Triple Bottom Line (TBL) Performance;
Abstract
The performance of the food manufacturing sectors in Region XII's Triple Bottom Line (TBL) industries was determined using the study's best fit model. The descriptive-predictive method, which goes beyond descriptivecorrelational analysis, was used in a quantitative non-experimental design. The respondents were selected using stratified sampling. The researcher conducted the survey personally and online using google forms. Data analysis techniques included the mean, multiple regression, Pearson product-moment correlation, and structural equation modeling (SEM). Results showed that financial management practices were high, and responsible leadership, green marketing orientation, and TBL performance were very high. Furthermore, responsible leadership and green marketing orientation significantly influence TBL's performance. The best fit model showed that responsible leadership, as indicated by stakeholder relations, system thinking, ethics and values, change and innovation, and financial management practices, as indicated by investment decisions and financial decisions, best predict TBL performance as indicated by societal, environmental, and economic performance. Nevertheless, responsible leadership, financial management practices, and green marketing orientation abetted supervisors to build TBL performance to improve company sustainability
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