ENVIRONMENTAL PROTECTION INVESTMENT AND BUSINESS PERFORMANCE OF ENTERPRISES UNDER THE INFLUENCE OF ENVIRONMENTAL REGULATION

Business Performance ◽

Cumulative Effect ◽

Economic Consequences ◽

Pollutant Emissions ◽

Manufacturing Companies ◽

Protection Strategies ◽

The Impact ◽

Forward Looking

The 11th Five-Year Plan of China has established obligatory targets for main pollutant emissions while the completion of the targets has been associated with the achievements of local officials. With the full implementation of this plan, many enterprises began to take forward-looking environmental protection strategies to cope with the increasingly stringent environmental regulations. Most of the existing literature have systematically studied the impact of environmental regulation from the perspective of industry or region, but they have not considered the dynamic response of enterprises to environmental regulation. The research on the economic consequences of enterprises adopting forward-looking environmental protection strategies for environmental protection investment at the micro level is relatively insufficient. This paper uses the data of China's listed manufacturing companies from 2011 to 2017 to study the effect of environmental protection investment on their business performance of enterprises. The results show that environmental protection investment has a positive cumulative effect on company’s business performance, especially in non-state-owned enterprises. Based on this conclusion, this paper puts forward relevant policy suggestions to promote enterprises to implement forward-looking environmental protection strategy and gain competitive advantage.

How Does Environmental Regulation Affect the Relationship between FDI and Technological Innovation: From the Perspective of Technology Transactions

Processes ◽

10.3390/pr9081264 ◽

2021 ◽

Vol 9 (8) ◽

pp. 1264

Author(s):

Meng Zeng ◽

Lihang Liu ◽

Fangyi Zhou ◽

Yigui Xiao

Keyword(s):

Technological Innovation ◽

Pollutant Emissions ◽

Regulatory Effect ◽

Host Countries ◽

Regional Heterogeneity ◽

Industrial Sectors ◽

Reduction Effect ◽

The Impact ◽

The Relationship

Many studies have found that FDI can reduce the pollutant emissions of host countries. At the same time, the intensity of environmental regulation would affect the emission reduction effect of FDI in the host country. This study aims to reveal the internal mechanisms of this effect. Specifically, this paper studies the impact of FDI on technological innovation in China’s industrial sectors from the perspective of technology transactions from 2001 to 2019, and then analyzes whether the intensity of environmental regulation can promote the relationship. Results indicate that FDI promotes technological innovation through technology transactions. In addition, it finds that the intensity of environmental regulation significantly positively moderates the relationship between FDI and technological innovation, which is achieved by positively moderating the FDI–technology transaction relationship. Regional heterogeneity analysis is further conducted, and results show that in the eastern and western regions of China, FDI can stimulate technological innovation within regional industrial sectors through technology trading. Moreover, environmental regulation has a significant positive regulatory effect on the above relationship, but these effects are not supported by evidence in the central region of China.

The impact of supply chain fit on business and innovation performance in Brazilian companies

The International Journal of Logistics Management ◽

10.1108/ijlm-01-2020-0040 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Ricardo Zimmermann ◽

Luis Miguel D.F. Ferreira ◽

Antonio Carrizo Moreira ◽

Ana Cristina Barros ◽

Henrique Luiz Correa

Keyword(s):

Supply Chain ◽

Business Performance ◽

Demand Uncertainty ◽

Supply And Demand ◽

Empirical Studies ◽

Innovation Performance ◽

Manufacturing Companies ◽

Content Type ◽

The Impact ◽

Positive Effect

PurposeThis paper investigates the effect of the fit between supply and demand uncertainty (SDU) and supply chain responsiveness (SCR) (SC fit) on business and innovation performance in Brazilian companies.Design/methodology/approachThe study presented an analysis carried out on an empirical study based on a sample of 150 manufacturing companies. Business and innovation performance of companies with different types of SC fit ( high–high and low–low fits) and misfit (positive and negative) are compared and discussed.FindingsThe results indicated that SC fit had a positive effect on both business and innovation performance. Further analyses suggested that companies with SC fit present similar business performance, independent of the level of SDU that characterizes the environment where they compete, while companies in environments with higher levels of uncertainty tend to present superior innovation performance. Companies with positive and negative misfit present similar performance.Originality/valueAn analysis of the literature showed that there is no consensus when it comes to the definitions and measurements of SC fit. The paper investigates the effects of SC fit on business and innovation performance, while previous empirical studies have mainly addressed its impact on financial performance. Moreover, this study compares the effects of two types of fit and two types of misfit and assesses SC fit in Brazilian manufacturing companies, analyzing the context of an under-researched reality.

Promoting or Inhibiting? The Impact of Environmental Regulation on Corporate Financial Performance—An Empirical Analysis Based on China

International Journal of Environmental Research and Public Health ◽

10.3390/ijerph17113828 ◽

2020 ◽

Vol 17 (11) ◽

pp. 3828 ◽

Cited By ~ 3

Author(s):

Xiang Deng ◽

Li Li

Keyword(s):

Sustainable Development ◽

Financial Performance ◽

Empirical Analysis ◽

Analytical Framework ◽

Corporate Financial Performance ◽

Ecological Civilization ◽

The Impact ◽

The Relationship

Today, environmental protection has become a global issue, and various environmental regulations have been actively adopted. However, are these measures promoting or harming enterprise values? Is this effect the same for enterprises with different ownership backgrounds? In order to address these problems, we conducted an empirical analysis of China’s A-share market to investigate the relationship between the New Environmental Protection Law (NEPL) launched in China and corporate financial performance, and further explore the impact of environmental supervision intensity (ESI) from the perspective of ownership. The empirical results show that there is a negative correlation between NEPL and the financial performance of high pollution enterprises. Further analysis demonstrates that there is an inverted U-shape relationship between ESI and corporate financial performance for both state-owned enterprises (SOEs) and non-state-owned enterprises (non-SOEs), while the financial performance of SOEs is more sensitive and tolerant to environmental regulation than that of non-SOEs. Finally, we make recommendations for the future direction of China’s ecological civilization construction and sustainable development of enterprises based on three aspects: environmental awareness, policy considerations, and sustainable development. The innovation of this paper lies in putting NEPL and corporate financial performance in the same analytical framework for the first time, which enriches the research in this field. Meanwhile, it provides a new perspective for understanding the relationship between ESI and corporate financial performance through the analysis of nonlinearity and owner heterogeneity.

The contribution of environmental regulation to technological innovation and quality competitiveness

Chinese Management Studies ◽

10.1108/cms-12-2016-0252 ◽

2017 ◽

Vol 11 (1) ◽

pp. 51-71 ◽

Cited By ~ 5

Author(s):

Yuhong Cao ◽

Jianxin You

Keyword(s):

Economic Development ◽

Technological Innovation ◽

Water Control ◽

Two Phase ◽

Content Type ◽

Manufacturing Quality ◽

The Impact ◽

First Time

Purpose This paper aims to explore the relationship between environmental regulation, technological innovation and manufacturing quality competitiveness to provide some references for emission reduction activities and improvements in manufacturing quality competitiveness to achieve environmental protection targets and economic development as part of a win–win situation. Design/methodology/approach Based on the structure-behavior-performance paradigm and Grabowski’s research, a new empirical model was provided. The software, EViews 6.0, was used for econometric analysis. Regression analysis was adopted to explore the three indicators’ relationships. Findings First, environmental regulation can promote technological innovation effectively. Second, compared with wasted gas and wasted solids, investment in wasted water control promotes Chinese technological innovation most. Third, the impact of research and development investment, induced by environmental regulation, on manufacturing quality competitiveness is greater than that induced by non-environmental regulation. Fourth, the impact of lagged two-phase environmental regulation on manufacturing quality competitiveness is similar to that of lagged one-phase regulation. Practical implications The issue that Chinese manufacturing is facing is how to manage the trade-off between pollution control investment and improved quality competitiveness. This study enables managers to understand how to better implement environmental regulation initiatives while achieving environmental protection and quality competitiveness as part of a win–win situation. Originality/value This paper analyzes the relationships between environmental regulation, technological innovation and manufacturing quality competitiveness for the first time and provides the basic argument for integrating Chinese environmental regulation with quality competitiveness to reveal the uniqueness of the circumstances determining China’s economic development.

Can Environmental Regulation Flexibility Explain the Porter Hypothesis?—An Empirical Study Based on the Data of China’s Listed Enterprises

Sustainability ◽

10.3390/su11082214 ◽

2019 ◽

Vol 11 (8) ◽

pp. 2214 ◽

Cited By ~ 4

Author(s):

Guichuan Zhou ◽

Wendi Liu ◽

Liming Zhang ◽

Kaiwen She

Keyword(s):

Technological Innovation ◽

Business Performance ◽

Negative Impact ◽

Moderating Effect ◽

Mediating Effect ◽

Porter Hypothesis ◽

Negative Effects ◽

The Impact ◽

The Relationship

Previous studies indicate that the Porter hypothesis (PH) generates controversial and inconsistent conclusions on the impact of environmental regulation (ER) on business performance. As a result, based on the data of China’s A-share listed companies from 2016 to 2018, a moderated mediating effect model is established to examine the relationship between ER, technological innovation and business performance, as well as the moderating effect of environmental regulation flexibility (ERF) on the relationship. Results show that technological innovation has a significant mediating effect on the relationship between ER and business performance. Furthermore, ERF has a negative moderating effect on the mediating effect technological innovation exerted. At a certain degree, the flexible ER could weaken technological innovation’s mediating effects on the relationship between ER and business performance, and further could mitigate the negative impact of ER on both technological innovation and business performance. Also, an inflexible ER intensifies its negative effects on technological innovation and business performance, which is to the disadvantage of enterprises becoming the subject of environmental protection consciously and sustainably.

Effectiveness of TPM implementation with and without integration with TQM in Indian manufacturing industries

Journal of Quality in Maintenance Engineering ◽

10.1108/jqme-01-2013-0003 ◽

2014 ◽

Vol 20 (4) ◽

pp. 415-435 ◽

Cited By ~ 11

Author(s):

Kanwarpreet Singh ◽

Inderpreet Singh Ahuja

Keyword(s):

Business Performance ◽

Manufacturing Industries ◽

Performance Parameters ◽

Manufacturing Companies ◽

Total Quality ◽

Content Type ◽

Performance Improvements ◽

Manufacturing Performance ◽

Manufacturing Organizations ◽

Purpose – The purpose of this paper is to evaluate and extract various significant factors influencing the implementation of total quality management (TQM) and total productive maintenance (TPM) on business performance for the following approaches: TPM alone; both TQM-TPM combined for improving manufacturing performance in the Indian manufacturing industry. Design/methodology/approach – In the present study, 94 manufacturing organizations have been extensively surveyed, to ascertain the contributions made by TQM and TPM initiatives in the Indian manufacturing industries toward realizing manufacturing performance improvements. The correlations between various TQM and TPM implementation issues and manufacturing performance improvements have been evaluated and validated by employing various statistical tools. Findings – This paper illustrates how the synergistic relationship of TQM and TPM paradigms can be helpful for Indian manufacturing industries to enhance overall business performance. The major objectives of this research is to examine, the effectiveness of performance parameters (dependent variables) and factors of implementation (independent variables) of companies implementing TPM alone and TQM-TPM combined approach to improve their business performance and how the support of TQM provides a synergetic effect on TPM's contribution in improving better business performance. Originality/value – TQM and TPM, are such popular initiatives employed by the manufacturing organizations as performance improvement techniques. These programs are employed world over for attaining customer satisfaction, reliability, productivity, market share, profitability and even survival. The study stresses upon the need for improving coordination between manufacturing parameters and other organizational quality improvement initiatives through transfusion of TQM and TPM and to examine the impact of experience in terms of time period on effectiveness of performance parameters when TQM is supported by TPM for Indian manufacturing companies.

Impact of Energy Price Distortion on Green TFP Based on Spatial Econometric Model

Mathematical Problems in Engineering ◽

10.1155/2022/1117675 ◽

2022 ◽

Vol 2022 ◽

pp. 1-8

Author(s):

Huayu Guan ◽

Mengyue Xing

Keyword(s):

Energy Conservation ◽

Total Factor Productivity ◽

Mediating Effect ◽

Factor Price ◽

Energy Price ◽

Factor Productivity ◽

Price Distortion ◽

With environmental regulation as the intermediary, this paper studies the influence mechanism and mediating effect of energy price distortion on green total factor productivity. On the basis of the panel data of 30 provinces in China (except Tibet, Hong Kong, Macao, and Taiwan), the research results from the study of panel and spatial metrology show that energy price distortion has a significant negative effect on the improvement of green total factor productivity. Different environmental regulation tools have different impacts, and the impact effect of fiscal energy conservation and environmental protection expenditure is better than that of pollution punishment. The transmission effect of energy price on environmental regulation policies is different when environmental regulation is the intermediary. The increase of the degree of energy price distortion will increase the financial expenditure of energy conservation and environmental protection, while the energy factor price will increase the green total factor productivity with the increase of pollution punishment.

ENVIRONMENTAL REGULATION OF THE UPSTREAM GAS INDUSTRY IN QUEENSLAND: A NEW APPROACH

The APPEA Journal ◽

10.1071/aj97089 ◽

1998 ◽

Vol 38 (2) ◽

pp. 160

Author(s):

A.C. Walter ◽

C.J. Jones

Keyword(s):

Impact Assessment ◽

Self Regulation ◽

Assessment Process ◽

Regulatory Regime ◽

Gas Industry ◽

Tier System ◽

Regulation Model ◽

The environmental regulation of the upstream gas industry in Queensland is based on the principles of ecologically sustainable development. There is an increasing emphasis on meeting the expectations of the general community with respect to impact assessment, the environmental performance of the industry and the ability of government to provide effective regulation. In Australian States, regulation of the industry is generally characterised by a combination of industry self-regulation and government licensing and co-regulation policies.Environmental administration and regulation in Queensland, that is, impact assessment, planning and monitoring of performance, is undertaken by the Department of Mines and Energy, primarily through Regional Offices. Direction is provided principally by Department policy and the Environmental Protection Act.Case studies are presented which illustrate the impact assessment processes for three different types of gas development projects: gas field development in southwest Queensland; construction of a gas pipeline; and development of a coal seam methane project.The Queensland Government is currently developing an Environmental Protection Policy for the upstream petroleum industry (the EPP (Petroleum)). The process of developing the EPP has involved considerable community and stakeholder input to encourage acceptance of the Policy by all parties. The process has identified several key issues for industry including: the need for multiple land use; the incremental nature of petroleum development (including the gas industry); the need to strengthen the impact assessment process; the need for an integrated, single agency regulatory regime; the need for greater accountability of both industry and government; and the need for adequate resourcing of environmental regulation.A possible new regulatory regime for the industry in Queensland, based on the co-regulation model, may include a two-tier system of impact assessment and a combination of compliance for operations with Codes of Practice or a project specific Environmental Management Plan and licences for emissions and certain high impact activities.The administrative framework would be provided by the Petroleum Act which is currently undergoing a major review.

Production competence revisited – a critique of the literature and a new measurement approach

Journal of Manufacturing Technology Management ◽

10.1108/jmtm-09-2013-0120 ◽

2015 ◽

Vol 26 (4) ◽

pp. 536-560 ◽

Cited By ~ 1

Author(s):

Levente Szász ◽

Krisztina Demeter ◽

Harry Boer

Keyword(s):

Business Performance ◽

Empirical Support ◽

Operational Performance ◽

Manufacturing Strategy ◽

Manufacturing Companies ◽

Content Type ◽

Performance Matrix ◽

Competitive Factor ◽

The Impact ◽

The Way

Purpose – The purpose of this paper is to seek remedy to two major flaws of the production competence literature, which concern: the way the production competence construct is operationalized and the way its effects on performance are measured. Design/methodology/approach – The paper proposes to measure production competence as the two-dimensional operational level construct it actually is, and to use Slack’s (1994) importance-performance matrix to study its business level performance effects. The three hypotheses developed are tested using a subsample of the International Manufacturing Strategy Survey database, which includes 465 manufacturing companies from 21 countries. Findings – The study offers additional empirical support for production competence theory. Going beyond supporting existing theory, the results give more detailed insight by indicating that low operational performance on even one important competitive factor leads to lower business performance (order-losing effect); excessive investment in increasing operational performance on any less important competitive factor does not necessarily lead to higher business performance. Practical implications – Using a large empirical dataset, the study shows that the importance-performance matrix is a useful tool for decision makers to assess and improve their company’s manufacturing strategy: it indicates how to prioritize between improvement efforts to positively contribute to business performance. Originality/value – The paper offers a novel approach to operationalize production competence. The importance-performance analysis approach adopted in this study avoids the two major drawbacks of previous production competence studies and offers an appropriate method to assess the impact of production competence on business performance.

The Impact of Knowledge Management Strategy on Performance in Taiwan's Manufacturing Companies

Advanced Materials Research ◽

10.4028/www.scientific.net/amr.945-949.2967 ◽

2014 ◽

Vol 945-949 ◽

pp. 2967-2970 ◽

Cited By ~ 1

Author(s):

Hui Ling Huang ◽

Yue Yang Chen ◽

Wen Hsin Fang

Keyword(s):

Knowledge Management ◽

Business Performance ◽

Manufacturing Industry ◽

Dynamic Capabilities ◽

Critical Issue ◽

Manufacturing Companies ◽

Km Strategy ◽

Knowledge Quality ◽

Knowledge Strategies ◽

Knowledge has been regarded as an important resource for firms to compete in todays competitive environment. Since knowledge and knowledge management are so important for achieving business performance, the knowledge strategies are likely to be a critical issue of strategic choice for the firm. Evidences showed that the implementation of KM strategy can cultivate organizational dynamic capabilities to improve knowledge quality and quantity, as well as for consolidating the value and practicability of knowledge. Thus, this study tries to examine the impact of KM strategy on knowledge management performance as well as business performance. According to the empirical data collected from manufacturing industry in Taiwan, meaningful findings and conclusions will be proposed and discussed.