ISO 14001 Certification and Corporate Technological Innovation: Evidence from Chinese Firms

He, Wenlong; Shen, Rui

doi:10.1007/s10551-017-3712-2

Cited by 94 publications

(91 citation statements)

References 65 publications

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“…These strategies help firms in their survival and avoid regulatory burdens. He and Shen (2017) demonstrate that firms achieve the latest technologies and resources by implementing ISO 14001, which can be used to gain efficacy, and improve environmental performance and effectiveness that ultimately enhances firms' profitability, performance, and reputation (Russo 2009;King and Lenox 2001;Klassen and McLaughlin 1996).…”

Section: Prior Literaturementioning

confidence: 99%

Valuation of Environmental Management Standard ISO 14001: Evidence from an Emerging Market

Riaz

Saeed

Baloch

et al. 2019

JRFM

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ISO 14001 (Environmental Management Standard) helps corporations to build legitimacy and goodwill, and can be also viewed as an organizational response to institutional pressure to act proactively towards the environment. The purpose of this paper is to investigate how investors in the emerging country value voluntary environmental management standard ISO 14001 certification. The impact of voluntary environmental management standard ISO 14001 on market performance is still not clear. By using event study methodology, this study matched ISO-certified firms with non-certified ones based on three different matching principles that include return on assets, size, and industry. The findings indicated that investors negatively valued ISO 14001 in both the short and long run. The study recommended policy implications for managers, policy makers, and non-government organizations.

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Section: Prior Literaturementioning

confidence: 99%

Valuation of Environmental Management Standard ISO 14001: Evidence from an Emerging Market

Riaz

Saeed

Baloch

et al. 2019

JRFM

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“…Finally, the growth trend is in agreement with the bilateral Europe-China Trade Agreement, where China is required to create the conditions for a widespread adoption of EMS standard compliant with European environmental trade policies [49]. The rapid growth of the standard in mainland China has attracted researchers' interest, which studied its diffusion [22], mechanisms [24] and motivations for seeking certification [25], impacts on Chinese firm performance [11], effects on environmental regulatory compliance [21], and effects on technological innovation [70]. The adoption of ISO 14001 in China seems mainly driven by the possibility to increase business opportunities rather than an internal desire of improving environmental performance.…”

Section: Iso 14001 Implementation In Chinamentioning

confidence: 99%

SWOT Analysis of the Application of International Standard ISO 14001 in the Chinese Context. A Case Study of Guangdong Province

et al. 2018

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Industry has long been one of the most important drivers of Chinese economic growth. In order to improve the environmental footprint of industrial areas, Chinese authorities have established mechanisms of environmental control in the internal management processes of companies. In this regard, the international standard ISO 14001 for environmental management systems is the management tool that has had widest adoption among Chinese companies since its creation in 1996. The main purposes of the paper are to investigate the available international and national statistics on the adoptionof ISO 14001 in China, and present opinions on ISO 14001 of the 72 representatives of small and medium enterprises and multinational companies of Guangdong province that participated to the workshop “New tools and standards to advance and measure corporate sustainability”, held in Guangzhou on 26 January 2018. The analysis of strengths, weaknesses, opportunities and threats (SWOT) was adopted as the research method to collect opinions on the ISO 14001 standard. Participants were asked to discuss strengths, weaknesses, threats and opportunities considering four business aspects: sustainability, internal processes, stakeholder engagement, and resource management. Our findings indicate that companies fully embraced ISO 14001 and recognized the necessity of a standardized approach to identify environmental aspects. On the other hand, they also expressed concern about aspects such as the certification cost, the focus on certification itself and not on the improvement of environmental performance, and the lack of integration with sustainability tools such as life cycle assessment (LCA) and other sustainability paradigms such as circular economy and corporate social responsibility (CSR).

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“…It includes innovations related to resource reduction, energy saving, pollution prevention, waste recycling, as well as positioning into the market of eco‐products (see Schiederig, Tietze, & Herstatt, ). Among other determinants, existing literature suggests that EPI can be affected by EMS (Demirel & Kesidou, ; He & Shen, ; Inoue, Arimura, & Nakano, ; Kawai, Strange, & Zucchella, ; Montobbio & Solito, ; Wagner, ; Ziegler & Seijas Nogareda, ). EMS are management standards that help firms identify, measure, and control their environmental impacts, with ISO 14001 being the most widely adopted EMS.…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

“…To understand the determinants of EPI, a sizeable part of the literature has focused on environmental management systems (EMS), such as ISO 14001 and the Eco‐Management and Audit Scheme (e.g., He & Shen, ; Montobbio & Solito, ). The assumption is that EMS—which specify a set of voluntary management processes intended to identify, measure, and control the environmental impacts of firms— help firms establish environmental plans, coordinate their processes, identify new opportunities, and eventually improve their capacity to innovate (e.g., Avadikyan, Llerena, & Ostertag, ).…”

Section: Introductionmentioning

confidence: 99%

Environmental management systems and environmental product innovation: The role of stakeholder engagement

et al. 2019

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Environmental product innovation (EPI) is an imperative for contemporary business as it enhances firm competitiveness and provides significant societal benefits. Arguments that the use of environmental management systems-such as ISO 14001may enhance EPI have not been empirically supported. In this study, we argue that the environmental management systems-EPI relationship is contingent upon the level of a firm's engagement with three groups of stakeholders, namely, suppliers, customers, and the local community. Using a sample of 1,314 manufacturing firms for the period 2003 and 2014, we find empirical evidence that supports our hypothesis for all three groups of stakeholders. Further analysis reveals that for firms with prior experience with quality management systems, engagement with local communities becomes the critical condition. We discuss the implications of these results for both theory and practice. KEYWORDS environmental management systems, environmental product innovation, ISO 14001, quality management systems, stakeholder engagement

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ISO 14001 Certification and Corporate Technological Innovation: Evidence from Chinese Firms

Cited by 94 publications

References 65 publications

Valuation of Environmental Management Standard ISO 14001: Evidence from an Emerging Market

Valuation of Environmental Management Standard ISO 14001: Evidence from an Emerging Market

SWOT Analysis of the Application of International Standard ISO 14001 in the Chinese Context. A Case Study of Guangdong Province

Environmental management systems and environmental product innovation: The role of stakeholder engagement

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