An empirical analysis of the effect of fi nancial performance on environmental performance of companies in global supply chains

被引:37
作者
Aigbedo, Henry [1 ]
机构
[1] Oakland Univ, Walton Blvd Squirrel Rd, Rochester, MI 48309 USA
关键词
Environmental performance; Financial performance; Sustainability; Triple bottomline; Supply chains; Global companies; CORPORATE SOCIAL PERFORMANCE; FINANCIAL PERFORMANCE; MANAGEMENT-PRACTICES; DEVELOPMENT INVESTMENT; ECONOMIC-PERFORMANCE; ORGANIZATIONAL SIZE; GREEN MANAGEMENT; DISCLOSURES; SUSTAINABILITY; DETERMINANTS;
D O I
10.1016/j.jclepro.2020.121741
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
The relationship between companies' financial performance (FP) and their environmental performance (EP) has generated a lot of interest among practicing managers and researchers over the years. This is largely because it simultaneously addresses two economic and environmental aspects of the three tripods of the triple bottom line phenomenon. In spite of the fact that both directions of the EP-FP link are important, a vast majority of studies have focused on one direction: how EP affects FP. There is a dearth of research on the reverse link and it is thus the focus of our study. Using EP and other archival data for 468 companies representing 10 industry sectors and 32 countries, with hierarchical regression as the main procedure, we examine specifically how FP as measured by return on assets (ROA) and revenue growth (RG) affects EP. We also study how firm size moderates the effect of ROA and RG on EP as well as the effect of industry concentration on EP. We find that RG affects EP, this effect being comparatively stronger for larger firms. Among other things, we also find that industry to which the firms belong by far more explain EP than FP does. Our findings have important implications for practicing managers and also contribute to advancing research on the relationship between FP and EP. Specifically, for example, the results suggest that managers should pay more attention to EP for companies in the industry to which they belong, rather than EP for companies in general. (C) 2020 Published by Elsevier Ltd.
引用
收藏
页数:17
相关论文
共 107 条
[1]   The mediating effect of green innovation on the relationship between green supply chain management and environmental performance [J].
Abu Seman, Noor Aslinda ;
Govindan, Kannan ;
Mardani, Abbas ;
Zakuan, Norhayati ;
Saman, Muhamad Zameri Mat ;
Hooker, Robert E. ;
Ozkul, Seckin .
JOURNAL OF CLEANER PRODUCTION, 2019, 229 :115-127
[2]   Assessment of the effect of location and financial variables on environmental management performance for industrial goods supply chains [J].
Aigbedo, Henry .
JOURNAL OF ENVIRONMENTAL MANAGEMENT, 2019, 236 :254-268
[3]   The relations among environmental disclosures environmental performance, and economic performance: a simultaneous equations approach [J].
Al-Tuwaijri, SA ;
Christensen, TE ;
Hughes, KE .
ACCOUNTING ORGANIZATIONS AND SOCIETY, 2004, 29 (5-6) :447-471
[4]   Does corporate R&D investment affect firm environmental performance? Evidence from G-6 countries [J].
Alam, Md. Samsul ;
Atif, Muhammad ;
Chien-Chi, Chu ;
Soytas, Ugur .
ENERGY ECONOMICS, 2019, 78 :401-411
[5]  
Alikaj A., 2016, International Management Review, V12, P20
[6]  
[Anonymous], 1980, COMPETITIVE STRATEGY
[7]  
[Anonymous], 2013, J LEADERSHIP ACCOUNT
[8]   Operational "problem" directors and environmental performance [J].
Bhuiyan, Md. Borhan Uddin ;
Hooks, Jill .
SUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL, 2016, 7 (02) :268-294
[9]  
Brundtland Commission, 1987, OUR COMMON FUTURE RE
[10]   Influence of International Openness on Corporate Environmental Performance in China [J].
Bu, Maoliang ;
Liu, Zhibiao ;
Gao, Yanyan .
CHINA & WORLD ECONOMY, 2011, 19 (02) :77-92