scholarly journals Crisis spillover of corporate environmental misconducts: The roles of perceived similarity, familiarity, and corporate environmental responsibility in determining the impact on oppositional behavioral intention

2020 ◽  
Vol 29 (4) ◽  
pp. 1797-1808 ◽  
Author(s):  
Zhe Ouyang ◽  
Chris Nengzhi Yao ◽  
Xi Hu
Keyword(s):  
Behavioral Intention ◽  
Environmental Responsibility ◽  
Perceived Similarity ◽  
Corporate Environmental Responsibility ◽  
The Impact

scholarly journals Impact of Corporate Environmental Responsibility on Investment Efficiency: The Moderating Roles of the Institutional Environment and Consumer Environmental Awareness

2019 ◽  
Vol 11 (17) ◽  
pp. 4512 ◽  
Author(s):  
Shihong Zeng ◽  
Yujia Qin ◽  
Guowang Zeng
Keyword(s):  
Institutional Environment ◽  
Environmental Awareness ◽  
Environmental Responsibility ◽  
Investment Efficiency ◽  
Human Beings ◽  
Corporate Environmental Responsibility ◽  
The Sustainable Development ◽  
Chinese Listed Companies ◽  
The Government ◽  
The Impact

The increasingly serious destruction of the natural environment represents a great threat to the sustainable development of human beings and the earth. Under pressure from the government and public opinion, companies must assume environmental responsibility; however, there is no conclusion on whether corporate environmental responsibility is beneficial to companies. From the perspective of investment efficiency, this paper collects panel data from Chinese listed companies from 2011 to 2016 to discuss the impact of corporate environmental responsibility on investment efficiency and the moderating role of the institutional environment and consumer environmental awareness. The results show that corporate environmental responsibility can significantly positively affect investment efficiency, but this effect is not a short-term effect; it needs time to play a role. Second, in regions with a good institutional environment, corporate environmental responsibility has a more significant impact on improving investment efficiency. Finally, with the improvement of consumer environmental awareness, companies that assume environmental responsibility can address underinvestment. The research in this paper supports stakeholder theory, indicating that corporate environmental responsibility is not “selfless dedication”. In addition, the research results of this paper are robust and not subject to endogenous influences.

The impact of corporate environmental responsibility strategy on brand sustainability

2018 ◽  
Vol 9 (3) ◽  
pp. 366-394 ◽  
Author(s):  
Chengzhi Long ◽  
Jing Lin
Keyword(s):  
Competitive Advantage ◽  
Empirical Evidence ◽  
Two Dimensions ◽  
Environmental Responsibility ◽  
Brand Value ◽  
Corporate Environmental Responsibility ◽  
Content Type ◽  
Chinese Context ◽  
The Impact ◽  
The Relationship

PurposeThough enormous research studies were conducted on corporate environmental responsibility (CER), few of them could empirically justify how CER helps to improve firm’s competitive advantage and firms are still hesitant to incorporate CER with their business strategy at present. The purpose of this paper is to theoretically and empirically explore how the CER strategy could help the firm to gain competitive advantage in Chinese context, particularly in terms of achieving brand sustainability (BS).Design/methodology/approachIn this study, 310 listed companies in China were chosen as research sample. First, the CER strategies were classified into developing eco-friendly products, adopting EMAS or other eco-management, enhancing the impact of CER through value chain and charitable CER. Second, BS is constructed as two dimensions, i.e. resource-acquisition and consumer impact. Accordingly, this paper analyzed the relationship between CER and BS with regression model analysis, taking account of several moderating and control variables.FindingsThe results indicate that CER strategies have positive effect on BS. Among all CER strategies, developing eco-friendly products and charitable CER undertakings are the most effective ones to promote BS performance. Also, the paper found that the length of time in adopting CER strategy moderates the effect of CER on BS. The empirical evidence proves that CER strategies could enhance the brand value in terms of BS and help the company to gain competitive advantage.Research limitations/implicationsFirst, most of our samples are of the state-owned enterprises, so our assumption might not be applicable to other types of business. Second, corporate social responsibility (CSR) communication is an important factor in the relation between CSR and corporate performance, but it is not taken into account in this study. Third, the difference in industries and ownership in this research is out of concern.Practical implicationsAs this paper has provided empirical evidence to reveal the effectiveness of different CER strategies, firms in China could be more motivated to undertake CER not only for the sake of environment but also for their brand value and competitive advantage. More importantly, this paper could be a valuable reference for the firms in China to choose suitable and effective CER strategies, as proved in this study, to gain competitive advantage in the market.Originality/valueAt first, while public environmental awareness has improved gradually, we introduce the BS concept to explain how the CER strategies affect CCA. This approach gives us another perspective to highlight the relationship between these two constructs. Second, we conducted our research from practical perspective to explore how to apply the CER undertakings as the company’s strategy. Third, we conducted our empirical research in Chinese context, which will enrich the theoretical CER and CSR literature.

scholarly journals Konsep dan Penerapan Model Kebijakan Corporate Environmental Responsibility di Indonesia

2020 ◽  
Vol 15 (2) ◽  
pp. 89-107
Author(s):  
Syamsudin Isnaini ◽  
Amalia Diamantina
Keyword(s):  
Social Responsibility ◽  
Secondary Data ◽  
Environmental Responsibility ◽  
Corporate Environmental Responsibility ◽  
Conceptual Approach ◽  
Economic Interests ◽  
Policy Model ◽  
Corporate Social ◽  
The Impact ◽  
A Company

The friction between economic interests and environmental interests has become a serious problem today. The friction between the two interests is evident in the activities of a company, therefore a company is given responsibility for the impact caused by its activities. This responsibility is “corporate social and environmental responsibility”. However, the term "Corporate Social Responsibility (CSR)" is often used in Indonesian society. The use of this term has a legal consequence, namely that the company's responsibility is only social responsibility, while environmental responsibility does not exist. Departing from these problems, this study will focus on discussing problems regarding the “Corporate Environmental Responsibility (CER)” policy model in Indonesia, particularly regarding the CER policy model, and the types of CER policies. This research is a normative juridical research with a statutory approach and a conceptual approach. The data used is secondary data in the form of laws and regulations and news about company and / or government programs in the field of environmental management. Based on the research results, it is known that the CER policy model clarifies and reinforces the regulation of corporate responsibility towards environmental aspects, CER policies can come from corporate initiatives or come from government initiatives.

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 The studies on Chinese traditional culture and corporate environmental responsibility: literature review and its implications

2022 ◽  
Vol 4 (1) ◽  
pp. 1-15
Author(s):  
Shan Huang ◽  
◽  
Khor Teik Huat ◽  
Zifei Zhou ◽  
Keyword(s):  
Literature Review ◽  
Relevant Literature ◽  
Traditional Culture ◽  
Environmental Responsibility ◽  
Corporate Environmental Responsibility ◽  
Intensity Effect ◽  
Chinese Traditional Culture ◽  
Moderating Factors ◽  
The Impact ◽  
The Relationship

<abstract> <p>There is a certain correlation between Chinese traditional culture and Chinese enterprises' performance of environmental responsibility, but there is little literature on the relationship between them from an empirical perspective. This paper combs and evaluates the relevant literature from three aspects: the evaluation of the economic and social effects of Chinese traditional culture, the influencing factors of corporate environmental responsibility, and the measurement of culture. Based on the literature review, this paper puts forward the following research enlightenment, that is, future empirical research should be carried out from the perspective of the intensity, effect, and heterogeneity of the impact of Chinese traditional culture on enterprises' fulfillment of environmental responsibility, as well as the moderating factors of the relationship between them.</p> </abstract>

The impact of corporate environmental responsibility on corporate cash holdings: evidence from the most polluting listed companies in China

Kybernetes ◽  
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jia Liao ◽  
Liping Zheng ◽  
Yu Yuan
Keyword(s):  
Environmental Protection ◽  
Emerging Market ◽  
Cash Holdings ◽  
Listed Companies ◽  
Environmental Responsibility ◽  
Corporate Environmental Responsibility ◽  
Content Type ◽  
Value Of Cash ◽  
The Impact ◽  
Corporate Cash Holdings

PurposeThe purpose of this paper is to examine the impact of corporate environmental responsibility (CER) on corporate cash holdings. This paper also investigates the moderating effects of ownership type and institutional environment between CER and corporate cash holdings.Design/methodology/approachThis study uses the data of the most polluting listed companies on the Shanghai and Shenzhen stock exchange markets over the period 2010–2019. CER data from Hexun.com (a professional CSR evaluation system) are used to measure CER performance. Two proxies are used to measure the level of cash holdings simultaneously, where CASH1 is calculated as the ratio of cash and cash equivalents to total assets, and CASH2 is calculated as the ratio of cash and cash equivalents to net assets (total assets minus cash and cash equivalents). Finally, multiple regression analysis is applied to test the research hypotheses.FindingsThe results show that environmentally responsible companies hold substantially less cash, and the result is statistically significant and robust even after using firm fixed effects and applying alternative measures of cash holdings or alleviating potential endogeneity. In addition, the results of cross-sectional tests show that the negative relation between CER and corporate cash holdings is concentrated among non-state-owned enterprises, and firms in provinces with more developed institutions. Furthermore, the result of the analysis of the economic consequence shows CER significantly increases the value of cash holdings.Research limitations/implicationsThis study focuses on China's institutional context, which limits the generalizability of the findings to other countries. However, the objective of this research can be studied in other institutional settings, so the above limitations provide a springboard for further research. Furthermore, the environmental protection investment, green technology innovation, and even pollutant discharge of companies can also be important indicators to measure the performance of firms in fulfilling their environmental responsibilities, which can be considered in future research.Practical implicationsThe findings of this study may help company management in China to establish a correct view of environmental responsibility to achieve corporate value creation and corporate sustainability. And our research can also provide the policy reference value for the Chinese government to further improve environmental protection policies and systems, guide enterprises to conduct green production to realize the country's vision of an environmentally friendly society.Originality/valueBased on the current background that countries in the world advocate the development of a green economy, this is the first study to examine the impacts of the environmental responsibility of the most polluting companies on corporate cash holdings and the value of cash holdings in the context of China, an emerging market.

Impact of Entrepreneur's Environmental Attitudes on Corporate Environmental Responsibility

2017 ◽  
Vol 2 (2) ◽  
pp. 23-38 ◽  
Author(s):  
Vallari Chandna
Keyword(s):  
Strong Influence ◽  
Environmental Attitudes ◽  
Institutional Environment ◽  
Personal Characteristics ◽  
Environmental Responsibility ◽  
Business Practices ◽  
Entrepreneurial Firms ◽  
Corporate Environmental Responsibility ◽  
The Impact

The impact of personal characteristics, beliefs, values and attitudes of the entrepreneur on firm's culture and business practices, is substantive. These aspects of the founder coupled with the institutional environment of the firm, affect the investment, efforts and involvement of the firm in a multitude of activities. With regard to activities that impact the natural environment, this paper argues that the environmental attitudes of entrepreneurs have a strong influence on the corporate environmental responsibility (CER) of the firm that are in turn moderated by the need for legitimacy by new entrepreneurial firms. The role of imprinting is examined to understand how founders' attitudes impact their firm's CER activities. A further contribution is the creation of a taxonomy of sub-categories of CER activities that illustrate the level of engagement of the firm.

ECOLOGICAL RESPONSIBILITY IN THE MODERN PRACTICE OF CORPORATE GOVERNANCE OF RUSSIAN COMPANIES

2020 ◽  
pp. 15-23
Author(s):  
S.S. Skaranik
Keyword(s):  
Corporate Governance ◽  
Environmental Safety ◽  
Environmental Responsibility ◽  
Corporate Environmental Responsibility ◽  
The Sustainable Development ◽  
Ecological Responsibility ◽  
Environmentally Responsible ◽  
Governance Practice ◽  
Corporate Governance Practice ◽  
The Impact

The article is devoted to environmental responsibility issues in the modern corporate governance practice of the largest Russian corporations, which are leaders in the domestic corporate charity rating. The content, directions and main functions of corporate environmental responsibility are determined. Based on reports on the sustainable development of leading Russian companies, their goals in the field of environmental safety and environmental protection are considered, the main indicators of the impact on the environment are analyzed. Priority measures implemented in the field of environmental responsibility of companies are considered. The advantages and benefits for socially and environmentally responsible companies are identified.

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