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

Aigbedo, Henry

doi:10.1016/j.jclepro.2020.121741

Cited by 38 publications

(26 citation statements)

References 85 publications

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“…In manufacture, the raw material is transformed into useful products through a series of value and non-value-added processes. The manufacturing process is utilized by eliminating non-value-added activities and reducing the environmental effect to assess the sustainable performance for companies ( Aigbedo 2021 ). In literature, the sustainability is the growth that meets the needs of the current generation with the province of the chance and the ability for forthcoming generations ( Abdel-Basset et al, 2020a ; Tsalis et al, 2020 ; Seuring et al, 2008 ;).…”

Section: Research Backgroundmentioning

confidence: 99%

A model for evaluating green credit rating and its impact on sustainability performance

Nabeeh

Abdel‐Basset

Soliman

2021

Journal of Cleaner Production

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The development of economic activities and social progress index leads to the governmental considerations for the environmental challenge's issues. The Green Credit Policy (GCP) in China for manufacturing, as a part of a sustainable finance package, initiatives restrictions with suppliers to reduce harmful pollution for the environment. The study mainly validates the impact of GCP on manufacturing for diminishing the emerged pollution to the environment. The study develops Neutrosophic Multiple-Criteria Decision-Making Framework (N-MCDMF) according to neutrosophic theory and various MCDM methods of grey relational analysis (GRA), analytic network process (ANP), the Decision-Making Trial and Evaluation Laboratory technique (DEMATEL), and the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) to support the decision-makers with highly systematic procedures in the uncertain and inconsistent environmental conditions. The N-MCDMF evaluates the conditions of GCP and recommends the optimal Supply Chain Management (SCM) in manufacturing alternatives. A case study is presented for the validation of the issues of applicability and flexibility for the proposed N-MCDMF. The results obtained from the implementation of the N-MCDMF indicates the applicability and flexibility of the proposed approach. In addition, results show that SCM in manufacturing can provide more cooperation for the environment to reduce harmful pollution and to attain sustainability for achieving motivations under the restrictions of GCP.

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Section: Research Backgroundmentioning

confidence: 99%

A model for evaluating green credit rating and its impact on sustainability performance

Nabeeh

Abdel‐Basset

Soliman

2021

Journal of Cleaner Production

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“…Precisely, they find a U‐shaped relationship between carbon performance and profitability and between waste intensity and profitability. Aigbedo (2021) also finds no significant association between financial performance and environmental performance.…”

Section: Literature Reviewmentioning

confidence: 98%

Revisiting the association between environmental performance and financial performance: Does the level of environmental orientation matter?

Gull

Saeed²,

Suleman

et al. 2022

Corp Soc Responsibility Env

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In this study, we re-examine the nexus of environmental performance and financial performance by benchmarking firms relative to their industry peers based on environmental performance in a given year to identify best-in-class and worst-in-class firms. After correcting for distributional issues while using environmental performance scores (i.e., clustering scores around the median and material differences within industries and time) and financial performance ratios (i.e., the potential impact of extreme values), we find that best-in-class firms exhibit higher financial performance than their industry peers (i.e., worst-in-class and average firms). Our findings are robust to alternative measures of environmental performance (i.e., subdimensions of environmental performance) and financial performance. Finally, our results are robust to different identification strategies. Our findings present important and timely policy implications for firms, ESG fund managers and investors.

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“…Environmental quality is considered an important asset, especially in developed countries [35]. The relationship that addresses the link between an enterprise's financial performance and its environmental burden has been of great interest in recent years, especially among researchers and managers [36]. It also has application in terms of demand from stakeholders, especially when deciding on their investments [37].…”

Section: Emissions As An Associated Product Of Enterprises-examinatio...mentioning

confidence: 99%

The Relationship between Environmental and Economic Aspects for Measuring the Sustainability of the Enterprise: A Case Study of Slovak Manufacturing Enterprises

Tokarčíková¹,

Kucharčíková²,

Jánošová³

2022

IJERPH

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Despite the unbounded and undeniable advantages of manufacturing, affiliated negative externalities, such as environmental pollution, cannot be overlooked. Our article aims to focus on the current interdependence between the selected economic and environmental aspects in related manufacturing enterprises in Slovakia. We focused on analysing the relationship between carbon monoxide emissions from the largest polluters of the Slovak Republic and relevant sales. The data were taken from 83 enterprises from the Slovak Republic. Environmental and economic data were comprehensive during 2014–2019; therefore, this paper focuses on this period. Among the substantial results, we identified that carbon monoxide production from Slovak production companies was almost unchanged from 2014 to 2019, with only minimal deviations. Based on the results, we created an environmental ratio indicator as an appropriate tool for managers for their decision-making process to achieve the enterprise’s sustainability goals.

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

Cited by 38 publications

References 85 publications

A model for evaluating green credit rating and its impact on sustainability performance

A model for evaluating green credit rating and its impact on sustainability performance

Revisiting the association between environmental performance and financial performance: Does the level of environmental orientation matter?

The Relationship between Environmental and Economic Aspects for Measuring the Sustainability of the Enterprise: A Case Study of Slovak Manufacturing Enterprises

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