How does it pay to be green?: an analysis of the relationship between environmental and economic performance at the firm level and the influence of corporate environmental strategy choice
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| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Marburg
Tectum-Verlag
2003
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| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 244 S. |
| ISBN: | 3828885071 |
Staff View
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Record in the Search Index
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| adam_text | Contents List
List of Tables ............................ ............8
List of Figures .......................................10
List of Abbreviations ...............11
1. Introduction, Motivation and Core Concepts .....14
1.1 Introduction........................... 14
1.1.1 Objectives of and approach to the research 14
1.1.2 Structure of the thesis and its relation to objective and approach of the research.. 17
1.2 Why the relationship between environmental and economic performance and the
influence of corporate environmental strategies should be studied. ......................... 19
1.3 Core concepts for the research 22
1.3.1 Environmental performance indicators and measurement 22
1.3.2 Economic performance and environmental competitiveness 24
1.3.2.1 Short-term economic performance and profitability 24
1.3.2.2 Longer-term economic performance and environmental competitiveness 25
1.3.3 Definition and measurement of corporate environmental strategy 26
2. Literature Review ......................28
2.1 Review of theoretical literature............. 28
2.1.1 Theoretical literature in economics analysing the relationship between
environmental and economic performance 28
2.1.2 Theoretically possible relationships between environmental and economic
performance 30
2.1.3 Conclusions on the theoretical literature 33
2.2 Review of empirical literature............... 35
2.2.1 Introduction 35
2.2.2 Early studies 37
2.2.3 Recent studies 40
2.2.4 Event studies 41
2.2.4.1 Introduction 41
2.2.4.2 Specific studies 42
2.2.4.3 Summary of results for event studies 49
2.2.5 Portfolio research 50
2.2.5.1 Introduction 50
2.2.5.2 Specific studies 51
2.2.5.3 Summary of results for (model) portfolio research 60
2.2.6 Multiple regression-based studies 61
2.2.6.1 Introduction — 61
2.2.6.2 Specific studies 62
5
2.2.6.3 Summary of results for multiple regression-based studies 75
2.2.7 Conclusions 81
2.2.7.1 Introduction 81
2.2.7.2 Summary of results for different methodologies 81
2.2.7.3 Methodological influences and data constraints 82
2.2.7 .4 Variability in the relationship of environmental and economic performance. 84
2.2.7.5 Important aspects to be considered in future research 86
3. Statement of Problem, Research Question and Generation of Hypotheses ..................88
3.1 Introduction and statement of the problem........................ 88
3.2 Research question and research hypotheses.......................... 91
33 influence of other factors on economic and environmental performance.............. 92
3.3.1 Country location 94
3.3.2 Processes operated and industry sectors 98
3.3.3 Firm size 100
3.3.4 Debt-to-equity ratio (gearing ratio) and asset-turnover ratio 102
3.3.5 Corporate environmental strategy and management 104
4. First Empirical Analysis: The Paper Industry in Europe....................«....«......—.......-109
4.1 Methodology .... 109
4.1.1 Introduction 109
4.1.2 Subjects 109
4.1.3 Instruments and measures 111
4.1.3.1 mtroduction 111
4.1.3.2 Environmental performance indicators for the analysis in the paper sector.. 112
4.1.3.3 Economic performance measures for the empirical analysis 125
4.1.3.4 Sub-sector classification in the pulp and paper sector 129
4.1.3.5 Other variables used for hypothesis testing 133
4.1.4 Procedures 135
4.1.4.1 Introduction 135
4.1.4.2 Data collection method for environmental performance data 135
4.1.4.3 Data sources and data collection strategies in different countries 136
4.1.4.4 Data comparability and data quality 138
4.1.4.5 Collection of financial data and data on economic performance 139
4.1.5 Statistical analysis approaches and econometric specifications 140
4.2 Exploratory data analysis............. 143
4.2.1 Characteristics of the data set: periods, sub-sectors and countries 143
4.2.2 Representativeness of firm distribution across sectors, countries and firm size... 148
4.2.3 Conclusions on the data set for the European paper industry 155
4.3 Results 158
6
4.3.1 Results for the output-oriented environmental performance index 158
4.3.2 Results for the input-oriented environmental performance index 162
5. Second Empirical Analysis: Influence of Corporate Environmental Strategies on the
Relationship between Environmental and Economic Performance................................ 167
5.1 Methodology...................... 167
5.1.1 Introduction 167
5.1.2 Empirical measurement of corporate environmental strategies (CES) 168
5.1.3 Empirical measurement of environmental competitiveness 170
5.1.4 Empirical measurement of environmental performance 171
5.1.5 Statistical analysis methodology in the second empirical analysis 173
5.2 Exploratory data analysis............... 177
5.2.1 Representativeness of responses in Germany 177
5.2.2 Representativeness of responses in the United Kingdom 179
5.2.3 Empirical identification of corporate environmental strategies based on the
Environmental Shareholder Value concept 182
5.2.4 Empirical identification and measurement of dimensions of environmental
competitiveness 192
5.2.5 Empirical identification and measurement of environmental performance 199
5.3 Results ................. 201
5.3.1 Introduction and overview 201
5.3.2 Results for market-related environmental competitiveness 206
5.3.3 Results for internally-related environmental competitiveness 207
5.3.4 Results for efficiency-related environmental competitiveness 208
5.3.5 Results for risk-related environmental competitiveness 209
5.3.6 Additional variables: market growth, legal status, overall profit, firm age 210
6. Conclusions and Recommendations......213
6.1 Conclusions.......................... 213
6.1.1 Conclusions for the first empirical analysis 213
6.1.2 Conclusions for the second empirical analysis 215
6.1.3 Comparison of results for the two empirical analyses 216
6.1.3.1 Introduction 216
6.1.3.2 Firm size 217
6.1.3.3 Sector membership and market development 217
6.1.3.4 Country location 219
6.1.3.5 Environmental management systems 219
6.1.3.6 Comparison of results with regard to the overall research question 221
6.2 Recommendations .......»..... 223
References ...227
Appendix..243
7
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| spelling | Wagner, Marcus 1973- Verfasser (DE-588)130418838 aut How does it pay to be green? an analysis of the relationship between environmental and economic performance at the firm level and the influence of corporate environmental strategy choice von Marcus Wagner Marburg Tectum-Verlag 2003 244 S. txt rdacontent n rdamedia nc rdacarrier Zugl.: Lüneburg, Univ., Diss., 2003 Umweltschutz (DE-588)4061644-7 gnd rswk-swf Unternehmen (DE-588)4061963-1 gnd rswk-swf Umweltbezogenes Management (DE-588)4201709-9 gnd rswk-swf Leistungsmessung (DE-588)4167290-2 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Unternehmen (DE-588)4061963-1 s Umweltschutz (DE-588)4061644-7 s Umweltbezogenes Management (DE-588)4201709-9 s Leistungsmessung (DE-588)4167290-2 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018479837&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Wagner, Marcus 1973- How does it pay to be green? an analysis of the relationship between environmental and economic performance at the firm level and the influence of corporate environmental strategy choice Umweltschutz (DE-588)4061644-7 gnd Unternehmen (DE-588)4061963-1 gnd Umweltbezogenes Management (DE-588)4201709-9 gnd Leistungsmessung (DE-588)4167290-2 gnd |
| subject_GND | (DE-588)4061644-7 (DE-588)4061963-1 (DE-588)4201709-9 (DE-588)4167290-2 (DE-588)4113937-9 |
| title | How does it pay to be green? an analysis of the relationship between environmental and economic performance at the firm level and the influence of corporate environmental strategy choice |
| title_auth | How does it pay to be green? an analysis of the relationship between environmental and economic performance at the firm level and the influence of corporate environmental strategy choice |
| title_exact_search | How does it pay to be green? an analysis of the relationship between environmental and economic performance at the firm level and the influence of corporate environmental strategy choice |
| title_full | How does it pay to be green? an analysis of the relationship between environmental and economic performance at the firm level and the influence of corporate environmental strategy choice von Marcus Wagner |
| title_fullStr | How does it pay to be green? an analysis of the relationship between environmental and economic performance at the firm level and the influence of corporate environmental strategy choice von Marcus Wagner |
| title_full_unstemmed | How does it pay to be green? an analysis of the relationship between environmental and economic performance at the firm level and the influence of corporate environmental strategy choice von Marcus Wagner |
| title_short | How does it pay to be green? |
| title_sort | how does it pay to be green an analysis of the relationship between environmental and economic performance at the firm level and the influence of corporate environmental strategy choice |
| title_sub | an analysis of the relationship between environmental and economic performance at the firm level and the influence of corporate environmental strategy choice |
| topic | Umweltschutz (DE-588)4061644-7 gnd Unternehmen (DE-588)4061963-1 gnd Umweltbezogenes Management (DE-588)4201709-9 gnd Leistungsmessung (DE-588)4167290-2 gnd |
| topic_facet | Umweltschutz Unternehmen Umweltbezogenes Management Leistungsmessung Hochschulschrift |
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