Factor analysis of corporate environmental responsibility: From the stakeholder theory perspective

Under the current situation of environmental pollution and resources shortage, the research of corporate environmental responsibility (CER) is of great importance to promote the sustainable development of society. The article adopts the perspective of the Stakeholder Theory and environmental management to make the empirical analysis of CER. Consequently designed questionnaire investigation is carried out among 30 Shanghai enterprises during 2007 and 2008. Through the correlation analysis, principal component analysis, factor ordering, and variables reappearance of key factors, seven key indexes are identified in the original 35 variables. This article aims to provide reference for enterprise environmental management and forwards the study of Corporate Social Responsibility. © 2009 Springer Science+Business Media B.V.