International Journal of Entrepreneurial Research 2(4); 16-20
Copyright © 2019 Authors. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use,
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16
International Journal of Entrepreneurial Research
(IJER)
Online ISSN: 2663-7588. Print ISSN: 2663-757X
www.readersinsight.net/ijer
The Impact of Green Marketing on the Financial Performance of Textile
Industry
Ibrar Ali Memon
*1
, Fareau Khan Chandio
2
, Asadullah Bhatti
3
, Abdul Ghafoor Kazi
4
1,2,3,4
Department of Management Sciences, Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology, Hyderabad, Sindh, Pakistan.
* Corresponding author: ibrar3memon@gmail.com
Abstract
This study was carried out to examine the impact of green marketing on financial performance in textile
industry. The variables taken into consideration are green brand awareness and green advertisement. A
total of 230 respondents’ opinions were collected out of which 206 were found usable. Correlation and
multiple regression was used to test the hypotheses and to analyze the data. Green brand awareness turned
out to have a significant impact on financial performance. In contrast green advertisement was found out to
have an insignificant impact on financial performance. This study contributes to the literature in a number of
ways as no such study has been carried out in Pakistan's context. This study will help marketers and
managers to get an insight of the impact of green marketing on financial performance which has been
inconclusive for a longer period of time. This could help them to improve their companies financially by
including strategies related to green marketing.
ARTICLE INFORMATION
Received: 03 November 2019
Revised: 11 November 2019
Accepted: 27 November 2019
DOI: 10.31580/ijer.v2i4.1161
Keywords: Green Marketing, Financial Performance, Textile Industry, Pakistan, Green Brand Awareness © Readers Insight Publication
INTRODUCTION
At first firms utilized the showcasing procedures
through which they thought they may target
customers (Joshi & Hanssens, 2010), Since they
ultimately control the attraction, acquisition and
retention process of customers . These showcasing
techniques for the most part center on brand
mindfulness of clients, buyer demeanors, rehashed
buying and appraisals of client fulfillment to raise
brand mindfulness and generally to extend deals.
There are many studies which have studied the
effect of marketing on firm‟s performance,
profitability, sales and stocks return. It is contended
that compelling showcasing or limited time
exercises, such as promoting; individual offering;
deals commission and motivating forces; and
intelligently showcasing may result within the
accomplishment of long-term destinations and
higher budgetary returns. Firms have now started
realizing how green marketing can affect their
reputation and how they can be benefitted by using
green marketing strategies; consumers accept them
and are ready to invest in their businesses. Since the
competitive scene is changing firms know that
utilizing green promoting can advantage or hurt
their trade (Leonidou et al., 2013).
The pressure companies face because of the
increasing concern of stakeholders, governmental
policies and customer sensitivity have made firms
focus on green marketing (Leonidou et al., 2013).
Green products have been always a priority for
customers like green vehicles (Luchs et al., 2010).
Nevertheless, while company executives have
started focusing on them, still thorough research is
not present (Cronin et al., 2011). Subsequently, the
impacts of embracing green showcasing procedures
are not known to the modern businesses and
policymakers (Chabowski et al., 2011). The
marketing has a major impact on the sales of firms
dealing in consumer goods that are listed in Karachi
Stock Exchange 2004-2007 and makes valuable
contributions to the significance of organization.
Subsequently, in this ponder we center on looking at
the effect of green promoting on monetary execution
of firms in material industry as usually the major
industry of Pakistan (Shah, 2011).