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
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 frontie...
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| Veröffentlicht in: | Environmental science and pollution research international 2021-07, Vol.28 (27), p.35870-35879 |
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| container_title | Environmental science and pollution research international |
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| creator | Yan, Xing Zhang, Yi |
| description | 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. |
| doi_str_mv | 10.1007/s11356-021-12761-9 |
| format | Article |
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| source | Springer Nature - Complete Springer Journals |
| subjects | Aquatic Pollution Atmospheric Protection/Air Quality Control/Air Pollution China Earth and Environmental Science Ecotoxicology Empirical analysis empirical research Environment Environmental Chemistry Environmental effects Environmental Health Environmental management Environmental performance Environmental science Innovations Research Article sustainable technology Waste Water Technology Water Management Water Pollution Control |
| title | 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 |
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