Abstract
Enterprise environmental performance has causal complexity. The purpose of this paper is to discover the possible combination of conditions for enterprises to achieve high environmental performance. Based on the resource dependence theory, stakeholder theory, and externality theory, this paper constructs the theoretical framework of enterprise environmental performance evaluation and applies the fsQCA method to study the major influencing factors and mechanism of the environmental performance of listed enterprises in the Chinese mining industry. Based on the data from 2016 to 2019, the results show that there are four configurations of multiple factors leading to high environmental performance. Based on these configurations, three possible paths, internally driven, internally–externally driven, and externally driven, are established to improve environmental performance. Further, we also find that, between profitability and government regulation and between enterprise size and board independence are interchangeable condition variables; public attention outweighs other factors for Chinese mining enterprises. Countermeasures and suggestions from perspectives of government supervision, public concern, and enterprise internal governance are proposed at the end the study.
Highlights
Some adverse effects on the environment have been made by rapid economic development during the past 40 years in China
This paper aims to discover possible configurations of factors leading to high environmental performance in Chinese mining industry
Consistency is similar to the correlation coefficient of regression analysis, and the coverage coefficient represents the proportion of coverage results of a particular solution, that is, the degree of fit of the data results
Summary
Some adverse effects on the environment have been made by rapid economic development during the past 40 years in China. The government has realized the importance of sustainable development and put the brakes on rapid economic growth. The mining firms are regarded as important sources of environmental pollution, which has become the main object of environmental regulation. In the case of increasingly strict government environmental regulations, environmental performance is becoming more and more crucial to the business activities of mining companies. The impact of the mining industry on the environment is mainly manifested in waste gas, waste water, and solid wastes. In 2015, the waste gas emission of mining industry accounted for 1.23% of China’s total emission, the industrial waste water emission accounted for 12%, and the industrial solid wastes accounted for 45.36%.
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