The effects of green innovation and environmental management on the environmental performance and value of a firm: an empirical study of energy-intensive listed companies in China

被引：38

作者：

Yan, Xing ^{[1
]}

Zhang, Yi ^{[1
]}

机构：

[1] Taiyuan Univ Technol, Sch Econ & Management, Taiyuan 030024, Peoples R China

来源：

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH | 2021年 / 28卷 / 27期

关键词：

Green innovation; Environmental performance; Mediating role; Firm value; ECO-INNOVATION; ISO; 14001; BUSINESS PERFORMANCE; EFFICIENCY; IMPACT; IMPLEMENTATION; CERTIFICATION; PRESSURES; INDUSTRY; QUALITY;

D O I：

10.1007/s11356-021-12761-9

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

There is a debate in the literature about the relationship between green innovation, environmental management, environmental performance, and the value of a firm. Herein, the effects of green innovation and environmental management on environmental performance are analysed using a stochastic frontier model for energy-intensive listed companies from 2011 to 2017; the effects thereof on the value of a firm are assessed empirically. The results show that green innovation and environmental management have a positive effect on corporate environmental performance, and green innovation plays a complete mediating role between environmental management and environmental performance. The significant positive effect of green innovation on value of a firm confirms Porter's hypothesis, but the positive effect of environmental management on value of a firm is not verified. Finally, recommendations that are aimed at improving corporate environmental performance are given.

引用

页码：35870 / 35879

页数：10

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