Open Access
Effects of environmental management on firm performance
Min-Seok Kang,Hyun-Seok Choi,Byung-Chun Park +2 more
- 01 Jan 2011
- Vol. 22, Iss: 3, pp 523-536
6
TL;DR: In this article, structural relations and the degree of effects among environmental strategy, environmental management system, environmental activities, and firm performance were investigated by using structural equation modeling, and the results showed that the active environmental management will result in a positive firm performance.
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Abstract: This study is to empirically investigate structural relations and the degree of effects among environmental strategy, environmental management system, environmental activities, and firm performance by using structural equation modelling. In particular, we focus on examining how the structure and the effect vary according to the type of environmental strategies. In this study, environmental strategies are classified as "passive type" and "active type" by the cluster analysis, which are used for developing two different research models. For firms employing active environmental strategy, the environmental strategy has a positive effect on all of environmental management system, environmental activities, and firm performance. For firms employing passive environmental strategy, the environmental strategy has a positive effect on both of environmental management system and environmental activities, while it does not have a statistically significant effect on firm performance. The study empirically supports that the active environmental management will result in a positive firm performance.
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Citations
Effects of Social Responsibility and GSCM Practice on Environmental Performance and Organizational Performance
TL;DR: In this paper, the authors conducted empirical analysis of the association between the factors of GSCM corporation practice and social responsibility affecting environmental performance and organizational performance and found that corporations with a high level of environmental performance have high degrees of organizational performance.
2
Pricing weather derivatives: An application to the electrical utility
Zhi Xia Zou,Kwang Bong Lee +1 more
- 31 Mar 2012
TL;DR: In this article, the authors developed a pricing approach for valuing weather derivatives and presented a case study that is practical enough to be used by the risk managers of electrical utility rms.
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TL;DR: In this paper, the statistical tests used in the analysis of structural equation models with unobservable variables and measurement error are examined, and a drawback of the commonly applied chi square test, in additit...
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A Resource-Based Perspective On Corporate Environmental Performance And Profitability
Michael V. Russo,Paul A. Fouts +1 more
TL;DR: The authors found that environmental performance and economic performance are positively linked and that industry growth moderate the relationship, with the returns to environmental performance higher in high-growth industries, concluding that it pays to be green.
Proactive corporate environmental strategy and the development of competitively valuable organizational capabilities
Sanjay Sharma,Harrie Vredenburg +1 more
TL;DR: In this paper, the authors present the results of a study conducted in two phases within a single industry context, where comparative case studies to ground the applicability of the resource-based view of the firm within the domain of environmental responsiveness.
The Relationship Between Environmental Commitment and Managerial Perceptions of Stakeholder Importance
Irene Henriques,Perry Sadorsky +1 more
TL;DR: The authors used cluster analysis on six responses to questions describing a firm's practices, and classified 400 firms into four environmental profiles: reactive, defensive, accommodative, and proactive, and found that firms with more proactive profiles do differ from less environmentally committed firms in their perceptions of the relative importance of different stakeholders.
1.6K
Does the Market Value Environmental Performance
Shameek Konar,Mark A. Cohen +1 more
TL;DR: This paper found that bad environmental performance is negatively correlated with the intangible asset value of firms, and that legally emitted toxic chemicals have a significant effect on the intangible assets of publicly traded companies.
1.5K