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Environmental management practices and financial performance using data envelopment analysis in Japan: The mediating role of environmental performance

Shoaib Aslam, Mohamed Elmagrhi Orcid Logo, Ramiz Ur Rehman, Collins G. Ntim

Business Strategy and the Environment, Volume: 30, Issue: 4, Pages: 1655 - 1673

Swansea University Author: Mohamed Elmagrhi Orcid Logo

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DOI (Published version): 10.1002/bse.2700

Abstract

This study investigates the relationship between environmental management practices (EMPs) and financial performance (FP), and consequently ascertain whether environmental performance (EP) can mediate the EMPs–FP nexus. Distinctly using data envelopment analysis and generalised method of moments tec...

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Published in: Business Strategy and the Environment
ISSN: 0964-4733 1099-0836
Published: Wiley 2021
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URI: https://cronfa.swan.ac.uk/Record/cronfa55737
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spelling 2021-07-20T14:55:31.5502404 v2 55737 2020-11-23 Environmental management practices and financial performance using data envelopment analysis in Japan: The mediating role of environmental performance 4def956b7e2d996ad0bfbfcb710b7ef6 0000-0003-3803-8496 Mohamed Elmagrhi Mohamed Elmagrhi true false 2020-11-23 BAF This study investigates the relationship between environmental management practices (EMPs) and financial performance (FP), and consequently ascertain whether environmental performance (EP) can mediate the EMPs–FP nexus. Distinctly using data envelopment analysis and generalised method of moments techniques to analyse a comprehensive dataset of Nikkei 225 listed firms from 2007 to 2018 (1,920 firm-year observations), our findings first suggest that EMPs have a positive effect on FP. Second, the desired EP can be achieved through the adoption of comprehensive EMPs. Third, improved EP has a substantial impact on shaping the EMPs’ effect on FP. These findings are consistent with the predictions of resource-based view and institutional theories. The results are robust to controlling for different types of alternative measures and endogeneities. The findings have important implications for academics, investors, managers, policy-makers, and regulators. Journal Article Business Strategy and the Environment 30 4 1655 1673 Wiley 0964-4733 1099-0836 Environmental management practices, environmental performance, financial performance, data envelopment analysis, institutional theory, and resource-based view 1 5 2021 2021-05-01 10.1002/bse.2700 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University 2021-07-20T14:55:31.5502404 2020-11-23T13:29:54.4753748 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Shoaib Aslam 1 Mohamed Elmagrhi 0000-0003-3803-8496 2 Ramiz Ur Rehman 3 Collins G. Ntim 4 55737__18724__5e97571149804d939d2e1436f0d84953.pdf BSE_ACCEPTED_19_11_2020.pdf 2020-11-23T13:36:29.7777713 Output 621482 application/pdf Accepted Manuscript true 2022-12-04T00:00:00.0000000 true eng
title Environmental management practices and financial performance using data envelopment analysis in Japan: The mediating role of environmental performance
spellingShingle Environmental management practices and financial performance using data envelopment analysis in Japan: The mediating role of environmental performance
Mohamed Elmagrhi
title_short Environmental management practices and financial performance using data envelopment analysis in Japan: The mediating role of environmental performance
title_full Environmental management practices and financial performance using data envelopment analysis in Japan: The mediating role of environmental performance
title_fullStr Environmental management practices and financial performance using data envelopment analysis in Japan: The mediating role of environmental performance
title_full_unstemmed Environmental management practices and financial performance using data envelopment analysis in Japan: The mediating role of environmental performance
title_sort Environmental management practices and financial performance using data envelopment analysis in Japan: The mediating role of environmental performance
author_id_str_mv 4def956b7e2d996ad0bfbfcb710b7ef6
author_id_fullname_str_mv 4def956b7e2d996ad0bfbfcb710b7ef6_***_Mohamed Elmagrhi
author Mohamed Elmagrhi
author2 Shoaib Aslam
Mohamed Elmagrhi
Ramiz Ur Rehman
Collins G. Ntim
format Journal article
container_title Business Strategy and the Environment
container_volume 30
container_issue 4
container_start_page 1655
publishDate 2021
institution Swansea University
issn 0964-4733
1099-0836
doi_str_mv 10.1002/bse.2700
publisher Wiley
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
document_store_str 1
active_str 0
description This study investigates the relationship between environmental management practices (EMPs) and financial performance (FP), and consequently ascertain whether environmental performance (EP) can mediate the EMPs–FP nexus. Distinctly using data envelopment analysis and generalised method of moments techniques to analyse a comprehensive dataset of Nikkei 225 listed firms from 2007 to 2018 (1,920 firm-year observations), our findings first suggest that EMPs have a positive effect on FP. Second, the desired EP can be achieved through the adoption of comprehensive EMPs. Third, improved EP has a substantial impact on shaping the EMPs’ effect on FP. These findings are consistent with the predictions of resource-based view and institutional theories. The results are robust to controlling for different types of alternative measures and endogeneities. The findings have important implications for academics, investors, managers, policy-makers, and regulators.
published_date 2021-05-01T04:10:10Z
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score 11.012678

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