Revisiting the relationship between environmental and financial performance in Chinese industry
Document Type
Article
Publication Date
12-1-2014
Abstract
The debate on the relationship between corporate or industrial environmental performance (EP) and financial performance (FP) has yet to be resolved, and studies need to examine the possible moderating effects on the EP-FP link. We argue that industrial EP has a positive effect on FP and that industrial munificence and resource slack can moderate the EP-FP link. Using a dataset from Chinese industrial firms, we examine the direct effect of industrial EP on FP and the indirect effects of industrial munificence and resource slack on the EP-FP link. Our results show that improving corporate or industrial-level EP significantly influences FP and that slack resources play a significant role on the EP-FP link. However, we found no significant moderating effect of industrial munificence on the link. © 2014 Elsevier Ltd.
Publication Source (Journal or Book title)
Journal of Environmental Management
First Page
349
Last Page
356
Recommended Citation
Qi, G., Zeng, S., Shi, J., Meng, X., Lin, H., & Yang, Q. (2014). Revisiting the relationship between environmental and financial performance in Chinese industry. Journal of Environmental Management, 145, 349-356. https://doi.org/10.1016/j.jenvman.2014.07.010