Viktor Prokop

The Covid‐19 pandemic has caused a significant decline in stock markets worldwide, and organizations are experiencing serious financial problems. Protecting and preserving firm value are critical ways to help organizations survive the crisis. This study analyzes a sample of 45 firms listed on the Polish Stock Market in two periods to determine the relationship among green initiatives, the triple bottom line (TBL) perspective, and firm value in the periods before and during the crisis caused by the Covid‐19 pandemic. The results show that firms with higher green initiatives are more likely to obtain better TBL performance during the normal period. Economic and social dimensions of TBL positively influence firm value regardless of the period, but the same is not true of the ecological dimension. The Covid‐19 pandemic's negative impact on investors' perception does not translate to firm value. This study provides the first empirical evidence on the value of organizations affected by the Covid‐19 pandemic in the context of environmental management. By considering the TBL approach, this study provides a new boundary condition that explains the impact mechanism of green initiatives during a crisis.

Top management meetings enable the positive flow of knowledge and building of key relationships within the company and its suppliers. This study draws on open innovation and upper echelons theories to analyze the effects of top management meetings on open innovation instruments, product innovation and sales performance. We use partial least squares structural equation modeling and fuzzy‐set qualitative comparative analysis to perform the path analysis of the hypothesized effects of top management meetings using data of 1,523 firms across 11 European countries. The results support the hypotheses that declare that top management meetings with suppliers positively influence product innovation while the effects of top management team meetings on product innovation remain negative. Surprisingly, the hypothesis that top management meetings with suppliers positively affect firm sales performance was not confirmed. Additionally, our efforts support the critical role of buyer–supplier relationships for innovation activities, primarily for services rather than manufacturing industries.