Abstract
In recent years, the importance of corporate environmental responsibility has gradually become more prominent. This study combines the Slack-based Measurement (SBM) model with the “Super-efficiency” model to construct an environmental performance evaluation based on Data Envelopment Analysis (DEA), which is used to measure the environmental performance of China’s large iron and steel enterprises from 2009 to 2017. Moreover, the impact of environmental performance on enterprise economic performance is studied by regression analysis. The results show that that environmental performance and economic performance of large iron and steel enterprises in China are in an inverted U-shaped relationship. This encourages enterprises to be proactive in environmental management to maintain and enhance their competitive edge. Therefore, this research suggests that iron and steel enterprises should balance the relationship between environmental performance and economic performance, and adopt environmental protection behaviors to carry out production and operation, to maximize enterprise performance.
Highlights
At present, green development is a priority for all countries
According to existing research and through careful analysis of the actual environmental management situation of the enterprises included in the sample, this study takes the waste residue, waste gas, waste water, and pollutant discharge fees as the environmental undesired output of iron and steel enterprises
Pollutant discharge fees are levied by regulators, which are the variables of most concern for regulators; pollutant discharge fees are another output variable that affects the environmental performance of enterprises
Summary
Under the dual pressure of economic growth and pollution control, it is vital to achieving a win-win situation of “reducing pollution” and “increasing efficiency” at the same time. Enterprises should bear environmental responsibilities while obtaining economic benefits to meet the environmental protection needs of stakeholders. How to balance ecological environmental protection and economic development is an important problem that urgently needs to be solved. Due to the lack of environmental protection facilities, outdated technology, lax emission standards, and inadequate supporting regulations, industrial enterprises that are very important to China’s economic structure have become the largest source of pollution. Due to the large scale of China’s industrial economy and complicated production structure, it is impossible to achieve the cleaner production encouraged by the government. Improving the environmental and economic performance of industrial enterprises has become an important goal for national environmental governance [1]
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