企业异质性环境实践方式与绩效关系的实证研究

Research on Corporate Heterogenic Environmental Practices and Environmental and Financial Performance

从企业环境实践行为日益普遍与自然环境持续恶化的现实矛盾出发,研究了差异性环境实践方式对企业环境绩效和财务绩效的影响,以及实施于不同层面环境实践对上述差异的贡献。通过对2010年沪深两市发行独立报告的上市公司研究发现,实质性环境实践方式与环境绩效正相关,与财务绩效负相关;象征性环境实践方式与之相反,负相关于环境绩效,正相关于财务绩效。同时,技术层面的环境实践行为,无论实质还是象征都优于制度层面对绩效改变的贡献。

Starting with the illogical reality that with a growing number of corporate involving in environmental protection, the nature environment is getting worse, this paper studied the effects of heterogenic environmental practices on corporate performance, and the different contribution from technical update or institution improvement. It choosed the listed companies that published social, environmental or sustainable reports in 2010 as a sample. Through content analysis, it found that substantive approach will benefit the CEP, while harm the CFP; symbolic approach positively affect the CFP, and negative correlated to CEP. Meanwhile , environmental practices implement in technical system, whether substantive or symbolic, contribute more to the performance changing than that in institutional system.