scholarly journals Spatial Dynamics between Firm Sales and Environmental Responsibility: The Mediating Role of Corporate Innovation

2021 ◽  
Vol 13 (4) ◽  
pp. 1684 ◽  
Author(s):  
Jiafeng Gu
Keyword(s):  
Environmental Performance ◽  
Explanatory Power ◽  
Spatial Dynamics ◽  
Spillover Effect ◽  
External Control ◽  
Environmental Responsibility ◽  
Systematic Research ◽  
Corporate Environmental Responsibility ◽  
Mediating Role ◽  
Corporate Innovation

Corporate environmental responsibility (CER) is increasingly gaining interest among researchers and practitioners. Despite this extensive interest, systematic research regarding the effect of sales on environmental performance remains scarce. In this study, an empirical analysis on a sample of 909 Chinese listed companies from 2010 to 2016 showed that sales positively impact environmental performance. This study also showed that corporate innovation mediates the relationship between sales and environmental performance. Furthermore, this study showed that environmental performance has a positive spatial spillover effect. Enterprises appear to promote their own environmental performance as a response to a rise in the environmental performance of their neighbors. The external control theory of organization has important reference significance and explanatory power for CER behavior in emerging economies.

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

2021 ◽  
Author(s):  
Rong Liu ◽  
Feng He ◽  
Jianyu Ren
Keyword(s):  
Economic Performance ◽  
Environmental Performance ◽  
Environmental Responsibility ◽  
Data Envelopment ◽  
Corporate Environmental Responsibility ◽  
Iron And Steel ◽  
Environmental Performance Evaluation ◽  
The Impact ◽  
The Relationship ◽  
Production And Operation

Abstract 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.

scholarly journals Accounting Treatment of R&D for Environmentally Responsible Firms: Evidence from South Korea

2020 ◽  
Vol 12 (8) ◽  
pp. 3418
Author(s):  
Suyon Kim ◽  
Jaehong Lee
Keyword(s):  
Environmental Performance ◽  
Fixed Effects ◽  
Stock Exchange ◽  
Positive Association ◽  
Environmental Responsibility ◽  
Alternative Measure ◽  
Corporate Environmental Responsibility ◽  
Commercial Success ◽  
Environmentally Responsible ◽  
The Relationship

The purpose of this paper is to investigate the relationship between corporate environmental responsibility (CER) and R&D accounting treatment. Using firms listed in the Korea Stock Exchange (KSE) market between the years 2014 and 2018, this study not only investigates this relationship but also expands upon CER activities in various aspects, such as environmental performance strategy, environmental performance organization, and environmental shareholders. Furthermore, the positive association between various CER activities and R&D capitalization is significant in a highly competitive market. This relationship is robust with an alternative measure of CER activities and firm-fixed effects. This result implies that firms participating in CER activities focus on sustainable commercial success, unlike other firms.

scholarly journals Non-Financial Environmental Responsibility Information, Information Environment, and Credit Ratings: Evidence from South Korea

2021 ◽  
Vol 13 (3) ◽  
pp. 1315
Author(s):  
Youngtae Yoo
Keyword(s):  
Environmental Management ◽  
Environmental Performance ◽  
Credit Ratings ◽  
Information Environment ◽  
Environmental Responsibility ◽  
Maturity Stage ◽  
Environmental Strategy ◽  
Corporate Environmental Responsibility ◽  
Stakeholder Communication ◽  
Weak Influence

The purpose of this study was to analyze which dimensions of non-financial environmental responsibility information are more reflected in credit ratings. The non-financial environmental responsibility information used in this study was environmental strategy, environmental organization, environmental management, environmental performance, and stakeholder communication. Based on 1085 companies listed on the Korean capital market from 2013 to 2018, this study reports that the more companies engage in environmental responsibility activities, the better their credit ratings are. Specifically, it found that companies with higher environmental performance and stakeholder communication activities received better credit ratings, while higher environmental management and environmental strategy scores had a relatively weak influence. This indicates that among the corporate environmental responsibilities, the more activities requiring relatively little discretion from managers are performed, the more the reputation capital that is accumulated through corporate environmental responsibility (CER) activities, which leads to higher credit ratings. These associations were found to be strengthened in an information environment where there is a higher degree of information asymmetry and the lifecycle of a firm is at a maturity stage.

scholarly journals Corporate Environmental Responsibility: An Effort To Develop A Green Accounting Model

2018 ◽  
Vol 22 (3) ◽  
pp. 305
Author(s):  
M. Wahyuddin Abdullah, Andi Yuliana
Keyword(s):  
Environmental Performance ◽  
Secondary Data ◽  
Environmental Responsibility ◽  
Environmental Costs ◽  
Corporate Environmental Responsibility ◽  
Critical Approach ◽  
Green Accounting ◽  
South Sulawesi ◽  
Development Costs ◽  
Accounting Model

This study aims to detail environmental costs based on the relevance and accuracy of the information, and formulate a green accounting reporting model based on the characteristics of the company. Qualitative research uses a constructivism critical approach with PT Semen Tonasa in South Sulawesi as an analysis unit. Data collection is done by interview techniques and other secondary data support. The results showed that the company classifies environmental costs based on its activities and does not specify environmental costs, so the information is hidden and managers have difficulty controlling environmental costs. Environmental related costs are classified into environmental prevention costs, environmental detection costs, internal environmental failure costs, external environmental failure costs, and research and development costs. Presentation of environmental costs and disclosure of environmental activities contribute to maximum environmental performance. The formulation of the green accounting model is the fulfillment of environmental responsibility and the realization of accountability to stakeholders.

scholarly journals Do environmental responsibility views influence investors’ use of environmental performance and assurance information?

2019 ◽  
Vol 10 (3) ◽  
pp. 476-497 ◽  
Author(s):  
William Dilla ◽  
Diane Janvrin ◽  
Jon Perkins ◽  
Robyn Raschke
Keyword(s):  
Environmental Performance ◽  
Environmental Responsibility ◽  
Performance Information ◽  
Corporate Environmental Responsibility ◽  
Content Type ◽  
Nonprofessional Investors ◽  
Online Study ◽  
Investment Returns ◽  
Environmental Measures ◽  
Scale Compatibility

Purpose The purpose of this study is to investigate whether investor views regarding the benefits of corporate environmental responsibility moderate the influence of environmental performance and assurance information on their judgments. Specifically, the authors examine the effects of two broad views: environmental responsibility is more important than financial performance, regardless of investment returns (i.e. environmental responsibility importance) and positive environmental performance will increase investment returns (i.e. environmental performance return). Design/methodology/approach Nonprofessional investors completed an online study where environmental performance (high or low) and assurance on environmental performance information (present or absent) were varied. Participants’ corporate environmental responsibility views were assessed using a series of questions adapted from Cheah et al.’s (2011) study. Findings Environmental performance and assurance information had a greater influence on the investment judgments of investors with strong environmental responsibility views. In contrast, participants’ environmental performance return views did not moderate the influence of environmental performance and assurance information on their judgments. Supplemental analysis indicates that these contrasting results are due to the fact that the two investor views have differing influences on the relative importance that investors place on financial vs environmental performance information. Research limitations/implications This study presented participants with summarized financial and environmental performance information to maintain scale compatibility between financial and environmental measures. However, the information was presented in a format similar to those used by online brokerages. Practical implications This study suggests that financial statement preparers should consider investors’ views regarding the importance and value of environmental performance information when making decisions to disclose and obtain assurance on this information. Social implications Standard setters should consider individual differences among investors when developing guidance regarding the disclosure and assurance of environmental performance information. Originality/value There is limited prior research which examines how investors’ views of the importance of environmental performance information may influence investment judgments. This research indicates that the strength of investors’ environmental responsibility importance moderates the previously reported influence of environmental performance and assurance information on investment judgments.

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