Abstract
Corporate environmental responsibility (CER) is increasingly gaining interest among researchers and practitioners. Despite this extensive interest, systematic research regarding the effect of sales on environmental performance remains scarce. In this study, an empirical analysis on a sample of 909 Chinese listed companies from 2010 to 2016 showed that sales positively impact environmental performance. This study also showed that corporate innovation mediates the relationship between sales and environmental performance. Furthermore, this study showed that environmental performance has a positive spatial spillover effect. Enterprises appear to promote their own environmental performance as a response to a rise in the environmental performance of their neighbors. The external control theory of organization has important reference significance and explanatory power for CER behavior in emerging economies.
Highlights
After the two industrial revolutions, the serious “resource curse” caused by enterprises in their production and operation processes has become a topic of significant concern in the world today [1]
The corporate environmental responsibility (CER) performance of enterprises in core areas is getting better and better. This will have a positive spatial spillover effect and push peripheral companies to increase CER investment and improve CER performance. This phenomenon represents the spatial diffusion of CER [93]
2, the impact of sales on CER performance is mainly mediated through corporate innovation
Summary
After the two industrial revolutions, the serious “resource curse” caused by enterprises in their production and operation processes has become a topic of significant concern in the world today [1]. In such a scenario, the environmental responsibility practices of an enterprise are conducive for acquiring more resources by improving efficiency and improving their innovation capabilities and financial performance [2,3]. The environmental responsibility practices of an enterprise are conducive for acquiring more resources by improving efficiency and improving their innovation capabilities and financial performance [2,3] Such practices can enhance the enthusiasm of the sales team and effectively enhance the sales force of enterprises [4]. It is important to better understand the mechanisms within enterprises that foster why and how firms behave environmentally to improve firm performance [7]
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