Abstract
The interrelationships among environmental strategy, environmental performance and financial performance have become a subject of ongoing debate. This study investigates the association between environmental strategies and environmental performance by utilizing the generalized method of moments technique to analyze a dataset of listed firms from 2007 to 2018. From a neo-institutional theory perspective, the findings are four-fold. First, environmental strategies are negatively correlated with financial performance. Second, the environmental performance has inversed relationship with financial performance. Third, there is a significant and positive association between the adoption of environmental management practice and environmental performance. Finally, the environmental expenditure-environmental management practice nexus is positively moderated by environmental audits.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.