Due to growing consciousness and pressure from concerned stakeholders, organizations have started to prioritize green management practices (GMP); however, little is known about the critical role of organizational motives (OM) for achieving GMP. Following the stakeholder theory, this study intends to examine the relationship between stakeholders’ pressure (STP), organizational motives (OM), and GMP in an encompassing model. Three hundred and eight responses were collected from the Pakistani manufacturing industry, and hypotheses were confirmed employing structural equation modeling (SEM). Empirical results indicate that primary and secondary stakeholders’ pressure has a substantial effect on OM. Further, each motive, such as instrumental, relational, and moral, substantially impacts GMP. Besides, OM has been found to partially mediate the relationship. Importance-performance analysis specified that the importance and performance values of STP are higher than OM for GMP. The conclusion emphasizes the essential role that STP can play in realizing GMP in manufacturing industries through OM. These novel findings suggest worthy insights for managerial staff and policymakers on enhancing GMP adoption through OM in emerging economies.

Environmental administrative penalty is a powerful way for the government to realize environmental pollution control. When a firm is subjected to an environmental administrative penalty, how the penalty affects its equity cost is a hot issue in academia and industry. Using the ordinary least square method and the Bootstrap method, it is found that environmental penalties significantly increase corporate equity costs in the following year through their disclosure increments; the disclosure increment plays a mediating role in the positive effect. It is also found that the reduced negative information disclosures can increase the effect, while the increased positive information can reduce the effect. These findings help us understand environmental management's significance to a firm's financing sustainability and have practical enlightenment on environmental management and environmental pollution control.