Abstract: Many studies have investigated the relationships among environmental management, financial performance and other firm attributes. Their results are inconsistent and contested. Most of the empirical studies to date are in the context of developed countries rather than developing countries. This study fills this gap by providing an empirical examination of the relationships among environmental management, firm value and other firm attributes in the Chinese context. In addition, this study is the first study of Chinese firms to use panel data analysis methods in the examination of the impact of environmental management on firm value. The results of panel data analysis show that environmental management has no significant impact on firm value. Pearson tests show that prior financial performance does not affect the level of environmental management. Rather, firm size is shown to be positively correlated with the level of environmental management.
- Inderscience Publishers
- The relationships among environmental management, firm value and ...
Three Strategic Options for Managing Acquired Environmental Liabilities
Evaluating Through a Finance Lens As companies strive to remain competitive and profitable in today’s uncertain economy, asset transactions continue to play a leading role in their efforts to transform, adapt and re-invent themselves. A well-thought out and well-executed acquisition can bask even the most gloomy of balance sheets in sunshine by bringing rapid revenue growth, added geographic coverage, a complimentary value offering to customers or even entry to a more favorable space in a competitive...
Management of pharmaceutical substances in the environment: Lithuanian case study
Investigation on the sources, discharges and related risks for the environment of the pharmaceutical substance (PhS) diclofenac (DCF) was performed in Lithuania, a country of the Baltic Sea region, for the first time. The investigation only refers to DCF as a PhS for human use; emissions from animal husbandry were not considered. In the first stage of the research, the main sources and pathways of DCF via substance flow analysis were identified within the country. During the second stage, DCF flows along the...
Environmental Liability Management for a Large American University
Challenge A large American university recently acquired a two-hundred acre hospital property for the purpose of future developments. One fifth of the property was impacted by chlorinated solvents and petroleum. Antea Group was appointed to assume the liability, return the land to residential use, and abate the migration of contaminants with minimal disruption to the campus or the hospital. Solution Antea Group’s approach to this challenge was to reduce insurance costs and better define remedial costs via...
Development of an adaptive groundwater monitoring framework to inform salinity management across ...
The use of ESdat Environmental Data management system by GHD to develop a groundwater monitoring framework used to create a groundwater monitoring network based on the current needs of the Mallee CMA management programs.
Mining Companies That Manage Their Environmental Impact
There are significant environmental challenges associated with the mining and mineral exploration industry, regardless of the material. From diamonds and stone to ore and other metalliferous materials, the most critical environmental impacts are energy use, land disturbance, carbon emissions, and pollution from mining activity and subsequent release of chemical substances into the air or water. Read more about what mining companies are doing to reduce their environmental impact.