The impact of corporate environmental responsibility on financial performance—based on Chinese listed companies

Xi, Bin; Wang, Gege

doi:10.1007/s11356-020-11069-4

Cited by 53 publications

(29 citation statements)

References 34 publications

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“…Yun Liu et al studied the impact of environmental performance on China's financial performance based on the information of Chinese listed companies disclosed in 2008-2017. The results show that fulfilling environmental responsibility can significantly improve corporate financial performance [27].…”

Section: Research On the Relationship Between Environmental Performan...mentioning

confidence: 93%

Promoting or Inhibiting? The Impact of Enterprise Environmental Performance on Economic Performance: Evidence from China’s Large Iron and Steel Enterprises

Rong

Ren

2021

Sustainability

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In recent years, the importance of corporate environmental responsibility has gradually become more prominent. This study combines the Slack-based Measurement (SBM) model with the “Super-efficiency” model to construct an environmental performance evaluation based on Data Envelopment Analysis (DEA), which is used to measure the environmental performance of China’s large iron and steel enterprises from 2009 to 2017. Moreover, the impact of environmental performance on enterprise economic performance is studied by regression analysis. The results show that that environmental performance and economic performance of large iron and steel enterprises in China are in an inverted U-shaped relationship. This encourages enterprises to be proactive in environmental management to maintain and enhance their competitive edge. Therefore, this research suggests that iron and steel enterprises should balance the relationship between environmental performance and economic performance, and adopt environmental protection behaviors to carry out production and operation, to maximize enterprise performance.

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Section: Research On the Relationship Between Environmental Performan...mentioning

confidence: 93%

Promoting or Inhibiting? The Impact of Enterprise Environmental Performance on Economic Performance: Evidence from China’s Large Iron and Steel Enterprises

Rong

Ren

2021

Sustainability

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“…Sustainability is a topic of growing importance worldwide (Alshbili et al 2021 ; Liu et al 2021 ; Orazalin & Mahmood 2019 ). The effort of the UN Intergovernmental Panel on Climate Change (IPCC) on global warming and environmental laws and regulations has evolved rapidly in the last few years.…”

Section: Introductionmentioning

confidence: 99%

“…The pace of change continues to increase to pursue a sustainable model of capitalism. Pressures from the community for better corporate behaviour has also increased due to highly publicised corporate environmental disasters (Kamran et al 2021 ; Liu et al 2021 ; Roberts et al 2021a , 2021b ; Shad et al 2020 ). This trend has increased the demand for more environmental information and activities.…”

Section: Introductionmentioning

confidence: 99%

Sustainability assurance practices: a systematic review and future research agenda

Hazaea

Zhu

Khatib

et al. 2021

Environ Sci Pollut Res

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Although firms increasingly publish sustainability reports, assuring such reports is relatively new. This study reviews the literature of sustainability assurance to evaluate the intellectual development of the field and provide recommendations for future studies. It also demonstrates the role of assurance to enhance the credibility of sustainability reports and corporate reputation. This paper systematically reviews 94 papers obtained from the Scopus database between 1993 and August 2021. Our study shows that there is an increase in the number of studies published in recent years. We also found that some countries have received limited attention, such as the USA. The scant literature examining sustainability assurance in private institutions and non-profit organisations should be reinforced. Likewise, the sustainability research also provides limited evidence on the governance debate. The vast majority of research is not based on theoretical grounds. The need for assurance of sustainability reports not only enhances the reputation but also adds more value to the organisation’s planning, monitoring, and accountability. We highlight several new research suggestions that may enhance the understanding of sustainability assurance practices.

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“…Studies have shown that the implementation of CER can promote the green and sustainable development of manufacturing to a certain extent [13], and the improvement of the company's market competitiveness and profitability can be tracked through the implementation of environmental management activities [14]. The results of the study were verified by listed company A [15,16], which showed that the performance of corporate environmental responsibility (CER) by company A has a significant positive impact on the company's financial performance, but it has a lag effect, and higher environmental investment can bring higher profitability. Furthermore, many firms are discovering that there is an advantage to advocating for environmental regulations and preparing for them to be implemented before they become law.…”

Section: Corporate Environmental Responsibility and Triple Bottom Linementioning

confidence: 78%

Analysis the Drivers of Environmental Responsibility of Chinese Auto Manufacturing Industry Based on Triple Bottom Line

Zhang

Yan

et al. 2021

Processes

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The rapid increasing number of automobile products has brought great convenience to people’s living, but it has also caused serious environmental issues, waste of resources and energy shortage during its whole lifecycle. Corporate Environmental Responsibility (CER) refers to the company’s responsibility to avoid damage to the natural environment derived from its corporate social responsibility (CSR), and it plays an important role in solving resource and environmental problems. However, due to various internal and external reasons, it is difficult for the automobile manufacturing industry to find the key drivers for the implementation of CER. This research proposes a model framework that uses the fuzzy decision-making test and evaluation laboratory (fuzzy DEMATEL) method to analyze the drivers of CER from the perspective of the triple bottom line (TBL) of economy, environment and society. Firstly, the common drivers of CER are collected using literature review and questionnaire survey methods. Secondly, the key drivers are analyzed by using the fuzzy DEMATEL. Finally, the proposed approach was verified through a case study. The research results show that some effective measures to implement CER can be provided for the government, the automobile manufacturing industry and the public to promote sustainable development of Chinese Auto Manufacturing Industry (CAMI).

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The impact of corporate environmental responsibility on financial performance—based on Chinese listed companies

Cited by 53 publications

References 34 publications

Promoting or Inhibiting? The Impact of Enterprise Environmental Performance on Economic Performance: Evidence from China’s Large Iron and Steel Enterprises

Promoting or Inhibiting? The Impact of Enterprise Environmental Performance on Economic Performance: Evidence from China’s Large Iron and Steel Enterprises

Sustainability assurance practices: a systematic review and future research agenda

Analysis the Drivers of Environmental Responsibility of Chinese Auto Manufacturing Industry Based on Triple Bottom Line

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