The Research on the Relationship Between Environmental Performance and Financial Performance
Journal of Finance and Accounting
Volume 4, Issue 2, March 2016, Pages: 81-85
Received: Apr. 18, 2016; Published: Apr. 19, 2016
Views 3723      Downloads 173
Authors
Xiao Yan Shi, Commercial College, Tianjin University of Commerce, Tianjin, China
Jing Gang Ban, Commercial College, Tianjin University of Commerce, Tianjin, China
Article Tools
Follow on us
Abstract
In recent years, the destruction of the ecological environment has hindered the construction of beautiful China. The enterprise is the culprit among all the factors that cause environmental pollution, so the enterprise should pay attention to environment problems. Especially the heavy pollution industry of listed companies which destroy the environment in order to high production and good financial development. This phenomenon requires further enhancing the environmental awareness of humanity, raising the technological level of environmental protection, strengthening environmental management. With the widespread implementation of public participation in Environmental Impact Assessment in the world and the international community, the knowledge of environmental protection is popularization, making the public more aware of environmental protection. Therefore, this paper mainly discussed whether company environmental improvement can influence the companies’ interests and how to affect.
Keywords
Environment Performance, Financial Performance, Heavy Pollution Industry
To cite this article
Xiao Yan Shi, Jing Gang Ban, The Research on the Relationship Between Environmental Performance and Financial Performance, Journal of Finance and Accounting. Vol. 4, No. 2, 2016, pp. 81-85. doi: 10.11648/j.jfa.20160402.18
References
[1]
Telle. K. It Pays to be Green, A Premature Conclusion. Environmental& Resource Economics, 2006, (35): 195 -220
[2]
Sharfman M, Fernando C. Environmental Risk Management and the Cost of Capital. Strategic Management Journal, 2008(29): 569-592
[3]
Busch, T & Hoffmann, V. H. How Hot Is Your Bottom Line? Linking Carbon and Financial Performance. Business & Society, 2011, 50: 233-265
[4]
Jun Lv, Shu yan Jiao. An empirical research on the relationship between environmental disclosure, environmental performance and financial performance [J]. Journal of Shanxi University of Finance and Economics, 2011 (1): 109
[5]
Su Xin, Wang Peixin. An empirical research on the relationship between environmental performance and financial performance of Construction enterprise [J]. Journal of engineering economic management of Listed Companies in China, 2015 (3)
[6]
Susi Sarumpaet. 2005. The relationship between environmental performance and financial performance of Indonesian companies. Jurnal Akuntansi & Keuangan, 7: 89-98
[7]
Qin Ying, Wu Chun you. T heory and Practice Research of system engineering [J]. An relationship research on the theory and model between enterprise environmental performance and economic performance, 2004 (8): 111-117
[8]
Yin hua Joe, Peng fang Qiao, Hong Me Xuei. Corporate environmental performance evaluation index system and construction [J]. Wuhan: Accounting Monthly (Comprehensive Edition), 2006 (11): 19-20
[9]
Peloza J. The Challenge of Measuring Financial Impacts from Investments in Corporate Social Performance. Journal of Management, 2009, 35(6): 1518-1541
[10]
Jean-Francois Henri. The influence of management control systems on environmental and economic performance [J]. Accounting Organizations and Society 2010, (1): 63-80
[11]
Busch, T., & Hoffmann, V. H. How Hot Is Your Bottom Line? Linking Carbon and Financial Performance. Business & Society, 2011, 50: 233-265
[12]
Lenciu lonel-Alin, Cluj-Napoca. Conceptual Model of Environmental Performance. International Journal of Business Research, 2012, 3: 55-159
[13]
Jo, H, and M. A. Harjoto. The Causal Effect of Corporate Governance on Corporate Social Responsibility. Journal of Business Ethics, 2012, 106 (1): 53-72
[14]
Schnietz, K. E., and M. J. Epstein. Exploring Financial Value of a Reputation for Corporate Social Responsibility during a Crisis. Corporate Reputation Review 2005, (4): 327-345
[15]
Maron, I. Y. Toward a Unified Theory of the CSP-CFP Link. journal of Business Ethics, 2006, 67 (2): 191-200
[16]
Freedman, M. Patten, D. Evidence of the Pernicious Effect of Financial Report Environmental Disclosures. Accounting Forum, 2004, 28: 27-41
[17]
Burnett, Royce D. Hansen, Don R. 2008. Eco-efficiency: Defining a role for environmental cost management. Accounting, Organizations and Society, 6: 551-581
ADDRESS
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
U.S.A.
Tel: (001)347-983-5186