Revisiting the relationship between environmental and financial performance in Chinese industry

被引：97

作者：

Qi, G. Y. ^{[1
]}

Zeng, S. X. ^{[2
]}

Shi, Jonathan J. ^{[3
]}

Meng, X. H. ^{[2
]}

Lin, H. ^{[2
]}

Yang, Q. X. ^{[1
]}

机构：

[1] E China Univ Sci & Technol, Sch Business, Shanghai 200237, Peoples R China

[2] Shanghai Jiao Tong Univ, Antai Sch Management, Shanghai 200052, Peoples R China

[3] Univ Florida, Coll Design Construct & Planning, Gainesville, FL 32611 USA

来源：

JOURNAL OF ENVIRONMENTAL MANAGEMENT | 2014年 / 145卷

基金：

中国国家自然科学基金;

关键词：

Environmental performance; Financial performance; Resource slack; Environmental munificence; CORPORATE SOCIAL-RESPONSIBILITY; RESOURCE-BASED VIEW; FIRM PERFORMANCE; ECONOMIC-PERFORMANCE; RISK-MANAGEMENT; SHAREHOLDER VALUE; PANEL-DATA; STRATEGY; MUNIFICENCE; GREEN;

D O I：

10.1016/j.jenvman.2014.07.010

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

The debate on the relationship between corporate or industrial environmental performance (EP) and financial performance (FP) has yet to be resolved, and studies need to examine the possible moderating effects on the EP-FP link. We argue that industrial EP has a positive effect on FP and that industrial munificence and resource slack can moderate the EP-FP link. Using a dataset from Chinese industrial firms, we examine the direct effect of industrial EP on FP and the indirect effects of industrial munificence and resource slack on the EP-FP link. Our results show that improving corporate or industrial-level EP significantly influences FP and that slack resources play a significant role on the EP-FP link. However, we found no significant moderating effect of industrial munificence on the link. (C) 2014 Elsevier Ltd. All rights reserved.

引用

页码：349 / 356

页数：8

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