'Too-much-of-a-good-thing'? The role of advanced eco-learning and contingency factors on the relationship between corporate environmental and financial performance

JOURNAL OF ENVIRONMENTAL MANAGEMENT

卷:220

Article

Latan, Hengky¹  Jabbour, Charbel Jose Chiappetta²  Jabbour, Ana Beatriz Lopes de Sousa²  Renwick, Douglas William Scott³  Wamba, Samuel Fosso⁴  Shahbaz, Muhammad² 

[1] STIE Bank BPD Jateng, Dept Accounting, Jl Pemuda 4, Semarang 50139, Indonesia

[2] Montpellier Business Sch, Montpellier Res Management, 2300 Ave Moulins, F-34185 Montpellier 4, France

[3] Nottingham Trent Univ, Nottingham Business Sch, Coll Business Law & Social Sci, Nottingham, England

[4] Toulouse Univ, Toulouse Business Sch, 20 Blvd Lascrosses, F-31068 Toulouse, France

关键词: Environmental accounting;    Advanced eco-learning;    Contingency factors;    Environmental performance;    Financial performance;   

DOI  :  10.1016/j.jenvman.2018.05.012

来源: Elsevier

【 摘 要 】

Inspired by the natural-resource-based view (NRBV) theory, we attempt to shed light on a controversy which has been persistent over the last decade, concerning the relationship between corporate environmental performance (CEP) and corporate financial performance (CFP). Using the 'too-much-of-a-good-thing' (TMGT) concept, which suggests that too much can be worse than too little, we link mixed results and consider the roles of advanced eco-learning and contingency factors in influencing the CEP-CFP relationship. Based on a sample composed of ISO 14001 certified companies in Indonesia, and analyzing the data using consistent Partial Least Squares (PLSc), we found that: the CEP-CFP relationship follows an inverted U-shape; advanced eco-learning is a significant predictor of the CEP-CFP relationship, meaning that organizations able to develop higher eco-learning capability will be better able to identify the ideal boundaries of investment in environmental performance without reducing their financial performance; and that contingency factors such as environmental strategy and firm size have a significant role in influencing the CEP-CFP relationship. The study's limitations, implications for practitioners and a future research agenda are also detailed.

【 授权许可】

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