Influence of performance measures and sample characteristics on the relationship between corporate environmental management and firm performance: A meta‐analytic review

Abstract

Environmental and climate concerns have made corporate environmental management a raging topic for discussion among academicians and industrialists. The current study explores the association between corporate environmental management and firm performance; and examines the influence of different performance measurement methods and sample characteristics on this association. The meta‐analysis, homogeneity test, and publication bias test have been performed on 318 effect sizes from 117 studies. The results indicate a significant positive association between the overall corporate environmental management and firm performance association. The findings suggest a significant influence of the nature of the data, corporate environmental management measures, corporate performance measures, region, economic development, time phase, nature of data, and period of study in the given context. The findings will help managers to better understand and choose the appropriate corporate environmental management measures to attain internal and external efficiencies.