• Title/Summary/Keyword: environmental performance

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An Empirical Study on the Relationship between Environmental and financial Performance : A Case in Korean Manufacturing Sector (환경성과와 재무성과의 상관관계에 관한 실증연구 - 우리나라 상장 제조업체를 중심으로 -)

  • Hong, Jong-Ho;An, Il-Hwan
    • Journal of Environmental Policy
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    • v.6 no.4
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    • pp.83-101
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    • 2007
  • We try to analyze the relationship between environmental and financial performance in the Korean manufacturing sector. The lack of reliable information on company-level environmental performance in Korea has inhibited research on this subject. This paper utilizes an objective data set called 'Monthly Environmental Violations Report,' published by the Korean Ministry of Environment, among others, in measuring the environmental performance of the listed companies. The result shows that low polluters tend to perform better financially than high polluters. In addition, the correlation between positive environmental performance and financial performance turns out to be statistically more significant than negative environmental and financial performance.

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An exploratory research on moderate effect of cost leadership and quality leadership strategy to relationship between environmental management practices and performances (환경경영 실행방식과 성과에 대한 원가 우위전략 및 품질 우위전략의 조절 효과에 대한 탐색적 연구)

  • Park, Jeong Soo;Kim, Youn Sung;Chae, Byung Chan
    • Journal of Korean Society for Quality Management
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    • v.44 no.2
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    • pp.309-320
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    • 2016
  • Purpose: The purpose of this study was to investigate if companies' efforts of environmental management practices have positive effect on the companies' performance in the first stage of study. In the second stage, we tried to confirm whether the degree of companies' making efforts on cost leadership strategy and quality leadership strategy function as moderate variable on relationship between environmental management practices and performance. Methods: The collected data through survey were analysed using multiple regression model in the first stage of the study and moderate regression model in the second. Results: The results of this study are as follows; environmental management practices have positive effect on corporate performance. Moreover, much effort on quality leadership strategy has limited significant moderate effect on relationship between environmental management practices and performance, while much effort by companies on cost leadership strategy does not have significant moderate effect on the relationship between the two variables. Conclusion: Manufacturing and services companies in Korea need to make effort for environmental management practices to improve corporate performance. Moreover, if that efforts are combined with quality leadership strategy, they can expect synergy effect with environmental management practices for performance improvement.

An Empirical Study on Influencing Factors, Practice Level, and Performance of Green Supply Chain Management (친환경 공급사슬관리의 영향요인, 실행수준, 그리고 기업성과간의 구조적 인과관계)

  • Lee, Young-Chan;Oh, Hyung-Jin
    • The Journal of Information Systems
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    • v.21 no.1
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    • pp.173-203
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    • 2012
  • In this paper, we arrange the concept of 'Green' in SCM after literature study of Green SCM and investigate causal relationships between influencing factors, practice level and environmental performance focused on Korean firms empirically and conduct path analysis for hypothesis test using partial least squares regression with bootstrap. Firstly, we divide influencing factors of Green SCM into environmental and organizational factors through the previous studies of innovation diffusion theory and environmental management theory, and then we selected 'uncertainty', 'competitiveness' as the environmental factors and 'top management support', 'perceived benefit', 'training' as the organizational factors. Secondly, we classify practice level of Green SCM into 'internal environmental management', 'green purchasing', 'eco-design'. Finally, we selected 'financial performance', 'environmental performance' as the organizational performance. We conducted a survey on the middle manager of manufacturing companies implementing SCM and an empirical analysis. The results of analysis show that there exist causal relationships between influencing factors, practice level, and environmental performance of Green SCM. We expect that the result of this study will suggest useful information to managers who are responsible for SCM to design and execute Green SCM in strategic perspectives.

CONSTRUCTION EQUIPMENT ACTIVITY RECOGNITION FROM ACCELEROMETER DATA FOR MONITORING OPERATIONAL EFFICIENCY AND ENVIRONMENTAL PERFORMANCE

  • Changbum R. Ahn;SangHyun Lee;Feniosky Pena-Mora
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.188-195
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    • 2013
  • Construction operations generate a significant amount of air pollutant emissions, including carbon emissions. The environmental performance of construction operations is closely relevant to the operational efficiency of each resource employed, which indicates how efficiently each resource (e.g., construction equipment) is utilized. In this context, monitoring the operational efficiency of construction equipment provides key information in managing and improving the environmental performance and productivity of construction operations. In this paper, we report our efforts to measure the operational efficiency of construction equipment, using low-cost accelerometers. An experimental study and real-world case studies are conducted to demonstrate the feasibility of the proposed approach. The results have shown the potential of this approach as an economically feasible means of monitoring the environmental performance of construction operations.

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Effect of Green Transformational Leadership and Organizational Environmental Culture on Manufacturing Enterprise Low Carbon Innovation Performance

  • Li, Liang;Fuseini, Joseph;Tan, MeiXuen;Sanitnuan, Nuttida
    • Asia Pacific Journal of Business Review
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    • v.6 no.2
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    • pp.27-60
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    • 2022
  • Previous studies stated that low carbon innovation performance could be influenced by government regulations and the green market, which is the new trend of consumer consumption in the present time, mainly focusing on external factors. Before study augured that low carbon innovation performance could be driven by internal and external factors of cooperation such as institutional pressure, stakeholder pressure, and innovation resources. However, the study of green transformational leadership and organizational environmental culture on low carbon innovation performance is rare, especially in Chinese manufacturing, as well as the effect of influencing factors of TPB model: environmental attitude, subjective norm, and perceived behavior capability on low carbon innovation performance. Previous studies mostly used the TPB model for predicting individual behavior. This study established a theoretical model combining the TPB model with green transformational leadership and organizational environmental culture of Chinese automobile manufacturing on low carbon innovation performance. This study consists of two sections of research methodology: section 1 related to questionnaire design and data collection. We established a questionnaire and distributed it online, targeting responses from the managerial level working in Chinese automobile manufacturing. Eventually, 155 valid questionnaires were used for analysis. Section 2 involved data analysis using statistical software. Reliability and data validity was examined by reliability analysis and factor analysis. Correlations and convergent validity analyses were applied, and structural equation modeling was conducted to test the proposed hypotheses. The findings indicated that green transformational leadership, organizational environmental culture, and essential factors of TPB model; environmental attitude, subjective norm and perceived behavior capability positively affect low carbon innovation performance. In addition, the indirect effect of green transformational leadership was tested and found that organizational environmental culture and TPB factors mediated the relationship between transformational leadership and low carbon innovation performance.

A study on the effects of environmental investment and costs on environmental performance (환경 투자 및 비용이 기업의 환경성과에 미치는 영향)

  • Park, Gwang-Dueg;Park, No-Suk;Kim, Seong-Su;Seo, In-Seok
    • Journal of Korean Society of Water and Wastewater
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    • v.23 no.3
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    • pp.315-320
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    • 2009
  • This study found that introduction of environmental systems and increased environmental investment have a major impact on K company's sustainable development. The analysis indicated that the environmental investment variable has a close relationship with production quantity, sales, and the amount of sludge treatment variables in K company. However, all other variables including the cost of disinfection chemicals, and the expenditure of sludge treatment have no relationship with the environmental investment variable. Additionally, short-term results show that the company's environmental expenditure variable is conversely related with the environmental performance variable.

The Effects of Environmental-information Exchange with Suppliers on the Organizational Performance of a Firm (공급업체와의 환경정보 교환이 기업성과에 미치는 영향)

  • Choe, Jong-min
    • The Journal of Information Systems
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    • v.25 no.1
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    • pp.25-47
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    • 2016
  • Purpose In this study, the relationships among environmental information exchange with suppliers(EIES), green collaboration with suppliers, green learning by environmental information, the adoption of green supply-chain management techniques(AGSMT) (i.e., the green purchasing, product design and production, and the recovery of extra facilities and inventories), environmental performance, and the organizational performance of a firm were empirically investigated. Design/methodology/approach Data for this study were drawn from a survey of the current status of EIES levels and AGSMT usage observed in Korean manufacturing firms. In total, 500 organizations were randomly selected from a population of about 1,000 firms that are listed on the Korean stock market. In order to collect empirical data, this research administered questionnaires with the sample firms. Only chief production executives were selected as respondents. A questionnaire with a cover letter was mailed to each respondent. The survey was conducted during a 3-month period between March 2015 and June 2015. Finally, 78 valid data of the sample firms were collected. Findings The results of this study showed that EIES positively affects the green corporation and learning. According to the results, it was observed that both green corporation and green learning have a positive impact on the levels of AGSMT(i.e., the green purchasing, product design and production). It was also demonstrated that AGSMT has a direct positive impact on environmental performance. In examining the effects of environmental performance on the organizational performance of a firm, significant impact was found.

Corporate Governance and Environmental Performance: How They Affect Firm Value

  • WAHIDAHWATI, Wahidahwati;ARDINI, Lilis
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.953-962
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    • 2021
  • This study aims to examine the effect of environmental performance and good corporate governance (GCG) on the firm values mediated by corporate social responsibility (CSR). The sample in this study was obtained using a purposive sampling method and collected from 205 companies. The analytical method used is moderating regression analysis. The results of this study indicate, first, that corporate social responsibility affects the value of the company. The results of this study indicate that the better corporate governance will increase the value of the firm and vice versa. Second, corporate social responsibility has a direct effect on the firm value, but the effect is still smaller when compared with the internal mechanisms of good corporate governance. This study also found that corporate social responsibility cannot mediate the effect of good corporate governance on firm value. Third, the company's environmental performance influences the company's value. Finally, the effect of environmental performance on company value will be better if mediated by corporate social responsibility. This result shows that environmental performance is a proof that the company's environmental and social concern, which is manifested in corporate social responsibility, will be responded positively by the market so that it will increase share prices (firm value).

A study on the effect of changes in the level of environmental regulation of the importing country on export performance (수입국 환경제도수준 변화가 수출에 미치는 영향 연구)

  • Yun-Seop Hwang;Cheon Yu
    • Korea Trade Review
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    • v.45 no.4
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    • pp.65-81
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    • 2020
  • Under New Climate Regime, countries are trying to enhance environmental regulations to meet international standards. This study is designed to examine the relationship between the relative level of environmental regulation of the importing countries and the export performance at the industrial level. Panel data from 2009 to 2018 was established for 12 top export industries and empirical analysis was conducted. For the analysis method, panel OLS, Hausman-Taylor, and panel GLS were used based on the results of the Hausman verification. The dependent variable is the export performance of each industry. As the independent variables, the relative level of environmental regulation, GDP per capita of the importing country, exchange rate, FTA agreement, and physical distance from the importing country were used. Results show that the relative level of environmental regulation has a negative effect on export performance of semiconductors, displays, special machines, general machines, electric appliances, and home appliances. On the other hand, there are no relationship between the relative level of environmental regulation of the importing country and export performance of automobile, petroleum refining, petrochemical, shipbuilding, and communication equipment industries.

Firm Performance Impact of Green Practice-IS Coordination (환경관리업무-정보시스템 조정이 기업성과에 미치는 영향)

  • Ryoo, Sung Yul;Koo, Chulmo
    • Knowledge Management Research
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    • v.13 no.4
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    • pp.13-29
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    • 2012
  • Although the role of information systems (IS) on environmental sustainability much attention, the coordination between green practices and environmental management information systems (EMIS) in a firm remains unexplored area in environmental management and IS disciplines. This study elaborated the antecedents of the coordination between green practices and EMIS and then examines the links among them. Also, this study investigated the links from the coordination between green practices and EMIS to firm's environmental performance. The results showed that both attitudes of managers who are responsible for a firm's green practices and their support had direct effects on the coordination between green practices and EMIS. Also, consistent with environmental management literature, the study provides a better understanding of the relationship between the coordination between green practices and EMIS and environmental performance.

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