Impacts of ISO 14001 adoption on firm performance: Evidence from China

被引：70

作者：

He, Wenlong ^{[1
]}

Liu, Chong ^{[2
]}

Lu, Jiangyong ^{[3
]}

Cao, Jing ^{[4
]}

机构：

[1] Peking Univ, Guanghua Sch Management, Beijing 100871, Peoples R China

[2] Peking Univ, Sch Econ & Management, Beijing 100871, Peoples R China

[3] Peking Univ, Guanghua Sch Management, Beijing 100871, Peoples R China

[4] Tsinghua Univ, Sch Econ & Management, Beijing 100087, Peoples R China

来源：

CHINA ECONOMIC REVIEW | 2015年 / 32卷

关键词：

ISO; 14001; Chinese firms; Financial performance; Non-financial benefits; ENVIRONMENTAL-MANAGEMENT; BUSINESS PERFORMANCE; PROPENSITY SCORE; ISO-14001; CAUSAL; INSTRUMENTS; INDUSTRY; GREEN;

D O I：

10.1016/j.chieco.2014.11.008

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the impacts of ISO 14001 adoption on the performance of firms using a sample of Chinese firms. The results show that adopting ISO 14001 has insignificant impacts on the financial performance of Chinese firms. A further investigation shows that the adoption of ISO 14001 increases sales and costs of firms in similar magnitudes, thus causes insignificant net effects on the financial performance. Despite negligible financial gains, the adoption of ISO 14001 provides implicit non-financial benefits, such as promoting export and relieving coercive environmental inspections from the government. (C) 2014 Elsevier Inc. All rights reserved.

引用

页码：43 / 56

页数：14

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