The relationship between corporate social responsibility, environmental investments and financial performance: evidence from manufacturing companies

Shabbir, Malik Shahzad; Okere, Wisdom

doi:10.1007/s11356-020-10217-0

Cited by 174 publications

(90 citation statements)

References 22 publications

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“…The empirical results of 1 period lag enterprise innovation (Pnov c,i,t-1 ) are shown in column (3) in Table 6. The empirical results of introducing 1 period lag enterprise innovation into column (3) are consistent with the random-effects Tobit model of column (1) and the double hurdle model of column (2) after controlling the control variables and industry characteristics. We use the 1 period lag ratio of R&D investment to product sales revenue (RD c,i,t-1 ) as an alternative variable of enterprise innovation in column (4), and the empirical results are basically consistent with the column (1) and column (2), and it indicates that the empirical results of this research are relatively robustness.…”

Section: Robustness Testsupporting

confidence: 67%

“…It is difficult to solve the problem of environmental pollution effectively by means of market regulation, the reason is that the environment has the characteristics of public goods. Although environmental regulation can make up for part of the market failure and increase the profitability of enterprises [ 1 ], it would inhibit enterprise innovation [ 2 ]. Some scholars (e.g., [ 3 ]) believe that technological innovation has become the high priority for the market sector to balance environmental protection and economic benefits.…”

Section: Introductionmentioning

confidence: 99%

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Environmental Compliance and Enterprise Innovation: Empirical Evidence from Chinese Manufacturing Enterprises

Liu

Zhao

2021

IJERPH

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This paper embeds environmental compliance factor and compliance cost factor into the M-O monopolistic competition and multi-product firm model to construct a theoretical model applicable to environmental compliance and enterprise innovation. In addition, we also construct a new environmental compliance index. We use the random-effects Tobit model and the double hurdle model to empirically test the micro-data from the Database of China Industrial Enterprises from 1998 to 2013, then we use the Generalized Propensity Score Matching (GPSM) to conduct a robustness test. The robustness conclusion is that environmental compliance has a significant U-shaped relationship with enterprise innovation, which means, environmental compliance will inhibit enterprise innovation on the left of the inflection point of environmental compliance (0.669), while environmental compliance on the right of the inflection point will promote enterprise innovation. The sub-sample regressions show that, enhanced environmental compliance of state-owned enterprises, mature enterprises, core area enterprises and export enterprises with low level of the environmental compliance, makes the greater inhibition to enterprise innovation, and enhanced environmental compliance of above enterprises with high level of the environmental compliance, makes the greater contribution to enterprise innovation. To this end, the government should adopt the policy, from the shallower to the deeper, to promote the construction of environmental compliance, and identify the inflection point of the environmental compliance on enterprise innovation to stimulate the role of environmental compliance in promoting enterprise innovation.

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Section: Robustness Testsupporting

confidence: 67%

Section: Introductionmentioning

confidence: 99%

Environmental Compliance and Enterprise Innovation: Empirical Evidence from Chinese Manufacturing Enterprises

Liu

Zhao

2021

IJERPH

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“…There is evidence that the EU economy has benefitted from increased immigration, an increase in GDP is associated with increased immigration in EU countries (Boeri & Br€ ucker, 2005). While similar effects have been found at the country level for Austria and Germany (Heijdra et al, 2002;Shabbir & Wisdom, 2020;Br€ ucker & Kohlhaas, 2004). Though immigrants have a positive impact on the economy, wage gaps persist between the immigrants and natives.…”

Section: Literature Reviewsupporting

confidence: 64%

Does higher population matter for labour market? Evidence from rapid migration in Canada

Sial

Shabbir

et al. 2020

Economic Research-Ekonomska Istraživanja

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Canada has been a host country to migrants for decades through its attractive immigration policy. To enrich the literature, this article analyses the impact of immigration on the Canadian labour market at the regional level. For this purpose, 10 provinces of Canada have been selected for this study with the data spanning over 12 years from 2006 to 2017. Through the empirical analysis, the article finds there is a significant negative impact of immigration on the native employment level. Whereas the opposite results are found on the national level and the impact on the income of native workers is found to be negative and significant. The employed natives are also found to be migrating to other states at a higher rate in regions where immigration is higher. These results show that natives employees in the labour market tend to migrate and immigration hence offsetting the wage effects on the regional level.

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“…Malik Shahzad Shabbir and Okere Wisdom studied the relationship between corporate social responsibility, environmental investment and financial performance of Nigerian manufacturing enterprises. The results show that enterprises with high environmental investment have higher profitability than environmentally unconscious enterprises (Shabbir and Wisdom, 2020). 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.…”

Section: Research On the Relationship Between Environmental Performance And Economic Performancementioning

confidence: 99%

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

Liu

Feng

Ren

2021

Preprint

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In recent years, people have realized the importance of corporate environmental responsibility. In this study, we combine the Slack-based Measurement (SBM) model with the "Super-efficiency" model to construct the environmental performance evaluation based on Data Envelopment Analysis (DEA) to measure the environmental performance of China's large iron and steel enterprises from 2009 to 2017. Then, it studies the impact of environmental performance on enterprise economic performance through regression analysis. The results show that the impact of environmental performance of China's large iron and steel enterprises on economic performance shows an inverted U-shaped relationship. The conclusion is helpful to encourage enterprises to actively carry out environmental management, so as to maintain and enhance the competitiveness of enterprises. Therefore, this paper suggests that iron and steel enterprises should balance the relationship between environmental responsibility and economic performance in order to maximize enterprise performance. The main purpose of this paper is to let enterprises solve the negative externalities in production through internalization, and encourage enterprises to adopt environmental protection behavior for production and operation.

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The relationship between corporate social responsibility, environmental investments and financial performance: evidence from manufacturing companies

Cited by 174 publications

References 22 publications

Environmental Compliance and Enterprise Innovation: Empirical Evidence from Chinese Manufacturing Enterprises

Environmental Compliance and Enterprise Innovation: Empirical Evidence from Chinese Manufacturing Enterprises

Does higher population matter for labour market? Evidence from rapid migration in Canada

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

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