Investigating the complex relationship between financial performance and company's green behavior: a comparative analysis

DOI10.1155/2021/9979835MaRDI QIDQ2045359zbMATH OpenOpenAlexFDO

Authors Wenyao Zhang, Ruzhi Xu, Lu Wang

Publication date 12 August 2021

Published in Discrete Dynamics in Nature and Society (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1155/2021/9979835

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Review text

Summary: Under the new normal of economy, the relationship between economic benefits and company's environmental behavior (green behavior) has long been the focus of scholars' research, but less attention has been paid to the effect of financial performance on company's green behavior in China as a developing country. Thus, by adopting a mixed methodology, we conduct a quantitative study by selecting 228 companies as samples with good and poor green behavior for comparative analysis, followed by a qualitative study of 20 specific cases, to analyse the complex relationship mechanism of how financial performance in terms of business solvency, profitability, and development ability affect company's green behavior. The results indicate that business solvency, profitability, and development ability are strongly associated with company's green behavior, respectively. This study contributes to the green behavior literature.

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• Toxics release information: A policy tool for environmental protection

Cited in

(6)

• Do Green policies catalyze green investment? Evidence from ESG investing developments in China
• Firms' environmental performance and the COVID-19 crisis
• Exploring the relationship of ESG score and firm value using cross-lagged panel analyses: case of the Indian energy sector
• Dynamic interplay of environmental sustainability and corporate reputation: a combined parametric and nonparametric approach
• Green investments and their impact on ESG ratings: an evidence from China
• Research on investment incorporating both environmental performance and long (short) term financial performance of firms

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