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http://dx.doi.org/10.17703/IJACT.2020.8.4.101

Environmental Protection Experience, Cost and Performance  

Gu, Meizhen (Department of Global Business Administration, Gachon University)
Jin, Shanyue (Department of Global Business Administration, Gachon University)
Publication Information
International Journal of Advanced Culture Technology / v.8, no.4, 2020 , pp. 101-109 More about this Journal
Abstract
Along with rapid global economic development, people are slowly becoming environmentally aware and green development is increasingly a vital topic of social concern. Academic circles are currently focusing on environmental protection and economic growth to explore the coordinated development of both and to achieve a win-win solution between them. To study the relationship between environmental protection experience and both cost and performance, this study empirically analyzes companies listing on the Shenzhen A-share market from 2014 to 2018. The results show that senior executives' environmental protection experience is negatively correlated with corporate costs, whereas it is positively correlated with business performance. These results provide empirical evidence of the importance of enterprises introducing and cultivating environmental personnel and insisting on sustainable development.
Keywords
green financial management; green transformation; senior executives; environmental protection experience; cost; performance;
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