An Empirical Exploration of the Relationship Between Corporate Environmental Management (CEM) and Corporation Financial Performance (CFP): A Case Study

Autor: Lee, Ko-Tien, 李可點
Rok vydání: 2018
Druh dokumentu: 學位論文 ; thesis
Popis: 企業管理研究所(MBA學位學程)
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The direction of relationship between corporate environmental management (CEM) and corporate financial performance (CFP) has long been debated. The moderating roles of top management team (TMT), suppliers and customers have received much attention as well. Different research uses various variables in determining the relationship. CEM practices are classified into three categories: pollution control, pollution prevention and product stewardship. To determine CEM performance, three indicators are identified: environmental management variable (EMVs), environmental performance variables (EPV) and environmental disclosure variables (EDV). CFP is categorized into three variables as well: accounting-based (accounting returns), market-based (investor-oriented and customer-oriented) and organizational measures. This research focuses on a Taiwanese TFT-LCD manufacturer and studies its CEM and CFP relationship in terms of water management. The thesis uses EMV as CEM indicator, and customer-oriented market indicator and organizational measures as CFP indicators. Through semi-structure interview, the research concludes undetermined, negative and positive relationship. Most water management approaches demonstrate no clear relationship with customer-oriented indicator. CEM leads to negative CFP in terms of increasing cost, and surprisingly, stakeholder communication. Positive relationship between CEM and CFP is found in terms of cost advantage, brand reputation, stakeholder communication and risk prevention. The research also proposes the moderating role of TMT, suppliers and customers. TMT’s support is of great importance in the linkage of positive CEM with CFP.
Databáze: Networked Digital Library of Theses & Dissertations
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