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：37
|
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
收藏
页码：35870 / 35879
页数：10
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