메뉴 건너뛰기




Volumn 23, Issue 3, 2009, Pages 462-502

The economic impacts of voluntary environmental performance of firms: A critical review

Author keywords

Firm behavior; Manufacturing; Pollution control costs; Technological innovation; Voluntary environmental actions

Indexed keywords

CRITICAL ANALYSIS; ECONOMIC IMPACT; EMPIRICAL ANALYSIS; ENVIRONMENTAL ECONOMICS; FIRM SIZE; INDUSTRIAL PERFORMANCE; LITERATURE REVIEW; MANUFACTURING; POLICY MAKING; TECHNOLOGICAL CHANGE; TRADE-OFF; VOLUNTARY APPROACH;

EID: 67149104200     PISSN: 09500804     EISSN: 14676419     Source Type: Journal    
DOI: 10.1111/j.1467-6419.2008.00569.x     Document Type: Review
Times cited : (70)

References (82)
  • 1
    • 33748703808 scopus 로고    scopus 로고
    • Institutional failure in resource management
    • Acheson, J. (2006) Institutional failure in resource management. Annual Review of Anthropology 35: 191-208.
    • (2006) Annual Review of Anthropology , vol.35 , pp. 191-208
    • Acheson, J.1
  • 2
    • 0000891979 scopus 로고
    • Corporate social responsibility and stock market performance
    • Alexander, G.J. and Buchholz, R.A. (1978) Corporate social responsibility and stock market performance. Academy of Management Journal 21: 479-486.
    • (1978) Academy of Management Journal , vol.21 , pp. 479-486
    • Alexander, G.J.1    Buchholz, R.A.2
  • 3
    • 0001242814 scopus 로고
    • Voluntary social reporting: An iso-beta portfolio analysis
    • Anderson, J.C. and Frankle, A.W. (1980) Voluntary social reporting: An iso-beta portfolio analysis. Accounting Review 55: 467-479.
    • (1980) Accounting Review , vol.55 , pp. 467-479
    • Anderson, J.C.1    Frankle, A.W.2
  • 4
    • 0032439899 scopus 로고    scopus 로고
    • Environmental regulation and business self-regulation
    • Andrews, R. (1998) Environmental regulation and business self-regulation. Policy Sciences 31: 177-197.
    • (1998) Policy Sciences , vol.31 , pp. 177-197
    • Andrews, R.1
  • 5
    • 0842323777 scopus 로고    scopus 로고
    • Ethical investment and the incentives for corporate environmental protection and social responsibility
    • Aslaksen, I. and Synnestvedt, T. (2003) Ethical investment and the incentives for corporate environmental protection and social responsibility. Corporate Social Responsibility and Environmental Management 10: 212-223.
    • (2003) Corporate Social Responsibility and Environmental Management , vol.10 , pp. 212-223
    • Aslaksen, I.1    Synnestvedt, T.2
  • 6
    • 84896930624 scopus 로고
    • Firm resources and sustained competitive advantage
    • Barney, J. (1991) Firm resources and sustained competitive advantage. Journal of Management 17: 99-120.
    • (1991) Journal of Management , vol.17 , pp. 99-120
    • Barney, J.1
  • 7
    • 21844514889 scopus 로고
    • Estimation and market valuation of environmental liabilities relating to superfund sites
    • Barth, M.E. and McNichols, M.F. (1994) Estimation and market valuation of environmental liabilities relating to superfund sites. Journal of Accounting Research 32: 177-209.
    • (1994) Journal of Accounting Research , vol.32 , pp. 177-209
    • Barth, M.E.1    McNichols, M.F.2
  • 8
    • 0002003778 scopus 로고
    • The impact of the disclosure of the environmental effects of organizational behaviour on the market
    • Winter
    • Belkaoui, A. (1976) The impact of the disclosure of the environmental effects of organizational behaviour on the market. Financial Management Winter: 26-31.
    • (1976) Financial Management , pp. 26-31
    • Belkaoui, A.1
  • 9
  • 11
    • 0011228345 scopus 로고    scopus 로고
    • Collaborations and partnerships in tourism planning
    • In B. Bramwell and B. Lane (eds) Clevedon: Channel View Publications
    • Bramwell, B. and Lane, B. (2000) Collaborations and partnerships in tourism planning. In B. Bramwell and B. Lane (eds), Tourism Collaborations and Partnerships: Politics, Practice and Sustainability (pp. 1-19). Clevedon: Channel View Publications.
    • (2000) Tourism Collaborations and Partnerships: Politics, Practice and Sustainability , pp. 1-19
    • Bramwell, B.1    Lane, B.2
  • 12
    • 0003352950 scopus 로고    scopus 로고
    • The environmental Kuznets curve hypothesis
    • In J. van den Bergh (ed.) Cheltenham: Edward Elgar
    • Bruyn, S.M. and Heintz, R.J. (1999) The environmental Kuznets curve hypothesis. In J. van den Bergh (ed.), Handbook of Environmental and Resource Economics (pp. 656-677). Cheltenham: Edward Elgar.
    • (1999) Handbook of Environmental and Resource Economics , pp. 656-677
    • Bruyn, S.M.1    Heintz, R.J.2
  • 14
    • 0033771529 scopus 로고    scopus 로고
    • Local environmental control and institutional crowding-out
    • Cardenas, J., Strandlund, J. and Willis, C. (2000) Local environmental control and institutional crowding-out. World Development 28: 1719-1733.
    • (2000) World Development , vol.28 , pp. 1719-1733
    • Cardenas, J.1    Strandlund, J.2    Willis, C.3
  • 15
    • 0034065405 scopus 로고    scopus 로고
    • Policy networks and firm behaviors: Governance systems and firms' responses to external demands for sustainable forest management
    • Cashore, B. and Vertinsky, I. (2000) Policy networks and firm behaviors: governance systems and firms' responses to external demands for sustainable forest management. Policy Sciences 33: 1-20.
    • (2000) Policy Sciences , vol.33 , pp. 1-20
    • Cashore, B.1    Vertinsky, I.2
  • 16
    • 0000406524 scopus 로고
    • The relationship between pollution control record and financial indicators revisited
    • Chen, K.H. and Metcalf, R.W. (1980) The relationship between pollution control record and financial indicators revisited. Accounting Review 55(1): 168-177.
    • (1980) Accounting Review , vol.55 , Issue.1 , pp. 168-177
    • Chen, K.H.1    Metcalf, R.W.2
  • 17
    • 0034340122 scopus 로고    scopus 로고
    • Effects of 'best practices' of environmental management on cost advantage: The role of complementary assets
    • Christmann, P. (2000) Effects of 'best practices' of environmental management on cost advantage: The role of complementary assets. Academy of Management Journal 43: 663-680.
    • (2000) Academy of Management Journal , vol.43 , pp. 663-680
    • Christmann, P.1
  • 18
    • 2442676388 scopus 로고    scopus 로고
    • The market valuation of environmental capital expenditures by pulp and paper companies
    • Clarkson, P.M., Li, Y. and Richardson, G.D. (2004) The market valuation of environmental capital expenditures by pulp and paper companies. Accounting Review 79: 329-353.
    • (2004) Accounting Review , vol.79 , pp. 329-353
    • Clarkson, P.M.1    Li, Y.2    Richardson, G.D.3
  • 19
    • 67149092059 scopus 로고    scopus 로고
    • Environmental management, quality management and firm performance: A review of empirical studies
    • In S. Sharma and J.A. Aragón-Correa (eds) Cheltenham: Edward Elgar
    • Claver-Cortés, E., Molina-Azoín, J.F., Tarí-Guilló, J.J. and López-Gamero, M.D. (2005) Environmental management, quality management and firm performance: A review of empirical studies. In S. Sharma and J.A. Aragón-Correa (eds), Corporate Environmental Strategy and Competitive Advantage (pp. 157-182). Cheltenham: Edward Elgar.
    • (2005) Corporate Environmental Strategy and Competitive Advantage , pp. 157-182
    • Claver-Cortés, E.1    Molina-Azoín, J.F.2    Tarí-Guilló, J.J.3    López-Gamero, M.D.4
  • 21
    • 0027738974 scopus 로고
    • The impact of corporate pollution on market valuation: Some empirical evidence
    • Cormier, D., Magnan, M. and Morard, B. (1993) The impact of corporate pollution on market valuation: Some empirical evidence. Ecological Economics 8: 135-155.
    • (1993) Ecological Economics , vol.8 , pp. 135-155
    • Cormier, D.1    Magnan, M.2    Morard, B.3
  • 22
    • 84881749403 scopus 로고    scopus 로고
    • Understanding the relationship between a facility's environmental and financial performance
    • In N. Johnstone (ed.) Cheltenham: Edward Elgar
    • Darnall, N., Jolley, J. and Ytterhus, B. (2007) Understanding the relationship between a facility's environmental and financial performance. In N. Johnstone (ed.), Environmental Policy and Corporate Behaviour (pp. 213-249). Cheltenham: Edward Elgar.
    • (2007) Environmental Policy and Corporate Behaviour , pp. 213-249
    • Darnall, N.1    Jolley, J.2    Ytterhus, B.3
  • 23
    • 41449108276 scopus 로고    scopus 로고
    • Voluntary agreements with industries: Participation incentives with industry-wide targets
    • Dawson, N.L. and Segerson, K. (2008) Voluntary agreements with industries: Participation incentives with industry-wide targets. Land Economics 84: 97-114.
    • (2008) Land Economics , vol.84 , pp. 97-114
    • Dawson, N.L.1    Segerson, K.2
  • 25
    • 0003330658 scopus 로고
    • The private cost of socially responsible investing
    • Diltz, D. (1995) The private cost of socially responsible investing. Applied Financial Economics 5: 69-77.
    • (1995) Applied Financial Economics , vol.5 , pp. 69-77
    • Diltz, D.1
  • 26
    • 0034245496 scopus 로고    scopus 로고
    • Do corporate global environmental standards create or destroy market value
    • Dowell, G., Hart, S. and Yeung, B. (2000) Do corporate global environmental standards create or destroy market value? Management Science 46: 1059-1074.
    • (2000) Management Science , vol.46 , pp. 1059-1074
    • Dowell, G.1    Hart, S.2    Yeung, B.3
  • 27
    • 0000029776 scopus 로고
    • Efficient capital markets: II
    • Fama, E.F. (1991) Efficient capital markets: II. Journal of Finance 46: 1575-1617.
    • (1991) Journal of Finance , vol.46 , pp. 1575-1617
    • Fama, E.F.1
  • 28
    • 0346207692 scopus 로고    scopus 로고
    • Market efficiency, long-term returns and behavioral finance
    • Fama, E.F. (1998) Market efficiency, long-term returns and behavioral finance. Journal of Financial Economics 49: 283-306.
    • (1998) Journal of Financial Economics , vol.49 , pp. 283-306
    • Fama, E.F.1
  • 29
    • 6044239512 scopus 로고    scopus 로고
    • The relationship between the environmental and financial performance of public utilities
    • Filbeck, G. and Gorman, R.F. (2004) The relationship between the environmental and financial performance of public utilities. Environmental and Resource Economics 29: 137-157.
    • (2004) Environmental and Resource Economics , vol.29 , pp. 137-157
    • Filbeck, G.1    Gorman, R.F.2
  • 32
    • 8744242157 scopus 로고    scopus 로고
    • Environmental proactivity and business performance: An empirical analysis
    • and
    • González, J. and González, O. (2005) Environmental proactivity and business performance: An empirical analysis. Omega 33: 1-15.
    • (2005) Omega , vol.33 , pp. 1-15
    • González, J.1    González, O.2
  • 34
    • 9344224062 scopus 로고
    • A natural resource-based view of the firm
    • Hart, S. (1995) A natural resource-based view of the firm. Academy of Management Review 20: 986-1014.
    • (1995) Academy of Management Review , vol.20 , pp. 986-1014
    • Hart, S.1
  • 35
    • 0030478892 scopus 로고    scopus 로고
    • Does it pay to be green? An empirical examination of the relationship between emission reduction and firm performance
    • Hart, S.L. and Ahuja, G. (1996) Does it pay to be green? An empirical examination of the relationship between emission reduction and firm performance. Business Strategy and the Environment 5: 30-37.
    • (1996) Business Strategy and the Environment , vol.5 , pp. 30-37
    • Hart, S.L.1    Ahuja, G.2
  • 37
    • 0034336790 scopus 로고    scopus 로고
    • The value relevance of nonfinancial measures of air pollution in the electric utility industry
    • Huges, K.E. (2000) The value relevance of nonfinancial measures of air pollution in the electric utility industry. Accounting Review 75: 209-228.
    • (2000) Accounting Review , vol.75 , pp. 209-228
    • Huges, K.E.1
  • 38
    • 0000188994 scopus 로고
    • An investigation of the information content of (certain) social responsibility disclosures
    • Ingram, R.W. (1978) An investigation of the information content of (certain) social responsibility disclosures. Journal of Accounting Research 16: 270-285.
    • (1978) Journal of Accounting Research , vol.16 , pp. 270-285
    • Ingram, R.W.1
  • 39
    • 84984474679 scopus 로고
    • An analysis of the informational content of pollution disclosures
    • Jaggi, B. and Freedman, M. (1982) An analysis of the informational content of pollution disclosures. Financial Review 17: 142-152.
    • (1982) Financial Review , vol.17 , pp. 142-152
    • Jaggi, B.1    Freedman, M.2
  • 40
    • 84896556351 scopus 로고
    • An examination of the impact of pollution performance on economic and market performance: Pulp and paper firms
    • Jaggi, B. and Freedman, M. (1992) An examination of the impact of pollution performance on economic and market performance: Pulp and paper firms. Journal of Business Finance and Accounting 19: 697-713.
    • (1992) Journal of Business Finance and Accounting , vol.19 , pp. 697-713
    • Jaggi, B.1    Freedman, M.2
  • 41
    • 19944380180 scopus 로고    scopus 로고
    • An investigation of regulatory and voluntary environmental capital expenditures
    • Johnston, D. (2005) An investigation of regulatory and voluntary environmental capital expenditures. Journal of Accounting and Public Policy 24: 175-206.
    • (2005) Journal of Accounting and Public Policy , vol.24 , pp. 175-206
    • Johnston, D.1
  • 42
    • 67149088228 scopus 로고    scopus 로고
    • Environmental policy and corporate behaviour: Policy conclusions
    • In N. Johnstone (ed.) Cheltenham: Edward Elgar
    • Johnstone, N. (2007) Environmental policy and corporate behaviour: policy conclusions. In N. Johnstone (ed.), Environmental Policy and Corporate Behavior (pp. 260-265). Cheltenham: Edward Elgar.
    • (2007) Environmental Policy and Corporate Behavior , pp. 260-265
    • Johnstone, N.1
  • 43
    • 0007987083 scopus 로고    scopus 로고
    • Performance implications of incorporating natural environmental issues into the strategic planning process: An empirical assessment
    • Judge, W. and Douglas, T.J. (1998) Performance implications of incorporating natural environmental issues into the strategic planning process: An empirical assessment. Journal of Management Studies 35: 241-262.
    • (1998) Journal of Management Studies , vol.35 , pp. 241-262
    • Judge, W.1    Douglas, T.J.2
  • 44
    • 0034861396 scopus 로고    scopus 로고
    • Non-mandatory approaches to environmental protection
    • Khanna, M. (2001) Non-mandatory approaches to environmental protection. Journal of Economic Surveys 15: 291-324.
    • (2001) Journal of Economic Surveys , vol.15 , pp. 291-324
    • Khanna, M.1
  • 45
    • 0032825565 scopus 로고    scopus 로고
    • EPA's voluntary 33/50 program: Impact on toxic releases and economic performance of firms
    • Khanna, M. and Damon, L. (1999) EPA's voluntary 33/50 program: Impact on toxic releases and economic performance of firms. Journal of Environmental Economics and Management 37: 1-25.
    • (1999) Journal of Environmental Economics and Management , vol.37 , pp. 1-25
    • Khanna, M.1    Damon, L.2
  • 47
    • 0035659111 scopus 로고    scopus 로고
    • Does it really pay to be green? An empirical study of firm environmental and financial performance
    • King, A.A. and Lenox, M.J. (2001) Does it really pay to be green? An empirical study of firm environmental and financial performance. Journal of Industrial Ecology 5(1): 105-116.
    • (2001) Journal of Industrial Ecology , vol.5 , Issue.1 , pp. 105-116
    • King, A.A.1    Lenox, M.J.2
  • 48
    • 0036475749 scopus 로고    scopus 로고
    • Exploring the locus of profitable pollution reduction
    • King, A.A. and Lenox, M.J. (2002) Exploring the locus of profitable pollution reduction. Management Science 48: 289-299.
    • (2002) Management Science , vol.48 , pp. 289-299
    • King, A.A.1    Lenox, M.J.2
  • 49
    • 0030217190 scopus 로고    scopus 로고
    • The impact of environmental management on firm performance
    • Klassen, R.D. and McLaughlin, C.P. (1996) The impact of environmental management on firm performance. Management Science 42: 1199-1214.
    • (1996) Management Science , vol.42 , pp. 1199-1214
    • Klassen, R.D.1    McLaughlin, C.P.2
  • 50
    • 0033475155 scopus 로고    scopus 로고
    • The impact of environmental technologies on manufacturing performance
    • Klassen, R.D. and Whybark, C.D. (1999) The impact of environmental technologies on manufacturing performance. Academy of Management Journal 42: 599-615.
    • (1999) Academy of Management Journal , vol.42 , pp. 599-615
    • Klassen, R.D.1    Whybark, C.D.2
  • 51
    • 0030900973 scopus 로고    scopus 로고
    • Information as regulation: The effect of community right to know laws on toxic emissions
    • Konar, S. and Cohen, M.A. (1997) Information as regulation: The effect of community right to know laws on toxic emissions. Journal of Environmental Economics and Management 32: 109-124.
    • (1997) Journal of Environmental Economics and Management , vol.32 , pp. 109-124
    • Konar, S.1    Cohen, M.A.2
  • 52
    • 0035634411 scopus 로고    scopus 로고
    • Does the market value environmental performance
    • Konar, S. and Cohen, M.A. (2001) Does the market value environmental performance? Review of Economics and Statistics 83: 281-289.
    • (2001) Review of Economics and Statistics , vol.83 , pp. 281-289
    • Konar, S.1    Cohen, M.A.2
  • 53
    • 21344478246 scopus 로고
    • The market response to environmental incidents in Canada: A theoretical and empirical analysis
    • Laplante, B. and Lanoire, P. (1994) The market response to environmental incidents in Canada: A theoretical and empirical analysis. Southern Economic Journal 60: 657-672.
    • (1994) Southern Economic Journal , vol.60 , pp. 657-672
    • Laplante, B.1    Lanoire, P.2
  • 54
    • 0000539077 scopus 로고    scopus 로고
    • Truth or consequences. Enforcing pollution standards with self-reporting
    • Livernois, J. and McKenna, C.J. (1999) Truth or consequences. Enforcing pollution standards with self-reporting. Journal of Public Economics 71: 415-440.
    • (1999) Journal of Public Economics , vol.71 , pp. 415-440
    • Livernois, J.1    McKenna, C.J.2
  • 55
    • 85088886173 scopus 로고    scopus 로고
    • 'Voluntary' approaches to environmental regulation
    • In M. Franzini and A. Nicita (eds) Brookfield, VT: Ashgate
    • Lyon, T. and Maxwell, J. (2002) 'Voluntary' approaches to environmental regulation. In M. Franzini and A. Nicita (eds), Economics Institutions and Environmental Policy (pp. 75-120). Brookfield, VT: Ashgate.
    • (2002) Economics Institutions and Environmental Policy , pp. 75-120
    • Lyon, T.1    Maxwell, J.2
  • 60
    • 0030360295 scopus 로고    scopus 로고
    • Timing and intensity effects of environmental investments
    • Nehrt, C. (1996) Timing and intensity effects of environmental investments. Strategic Management Journal 17: 535-547.
    • (1996) Strategic Management Journal , vol.17 , pp. 535-547
    • Nehrt, C.1
  • 63
    • 0001269204 scopus 로고
    • Towards a new conception of the environmental-competitiveness relationship
    • Porter, M.E. and Van der Linde, C. (1995b) Towards a new conception of the environmental-competitiveness relationship. Journal of Economic Perspectives 9(4): 97-118.
    • (1995) Journal of Economic Perspectives , vol.9 , Issue.4 , pp. 97-118
    • Porter, M.E.1    Van der Linde, C.2
  • 64
    • 0033163276 scopus 로고    scopus 로고
    • Bringing the environment down to earth
    • Reinhardt, F.L. (1999) Bringing the environment down to earth. Harvard Business Review 77(4): 149-157.
    • (1999) Harvard Business Review , vol.77 , Issue.4 , pp. 149-157
    • Reinhardt, F.L.1
  • 66
    • 33645461389 scopus 로고    scopus 로고
    • The influence of different characteristics of the EU environmental management and auditing scheme on technological environmental innovations and economic performance
    • Rennings, K., Ziegler, A., Ankele, K. and Hoffmann, E. (2006) The influence of different characteristics of the EU environmental management and auditing scheme on technological environmental innovations and economic performance. Ecological Economics 57: 45-59.
    • (2006) Ecological Economics , vol.57 , pp. 45-59
    • Rennings, K.1    Ziegler, A.2    Ankele, K.3    Hoffmann, E.4
  • 67
    • 0005478397 scopus 로고    scopus 로고
    • The new governance: Governing without government
    • Rhodes, R. (1996) The new governance: Governing without government. Political Studies 44: 652-667.
    • (1996) Political Studies , vol.44 , pp. 652-667
    • Rhodes, R.1
  • 68
    • 0036969684 scopus 로고    scopus 로고
    • Assessing a voluntary environmental initiative in the developing world: The Costa Rican certification for sustainable tourism
    • Rivera, J. (2002) Assessing a voluntary environmental initiative in the developing world: The Costa Rican certification for sustainable tourism. Policy Sciences 35: 333-360.
    • (2002) Policy Sciences , vol.35 , pp. 333-360
    • Rivera, J.1
  • 69
    • 0031510753 scopus 로고    scopus 로고
    • A resource-based perspective on corporate environmental performance and profitability
    • Russo, M.V. and Fouts, P.A. (1997) A resource-based perspective on corporate environmental performance and profitability. Academy of Management Journal 40: 534-559.
    • (1997) Academy of Management Journal , vol.40 , pp. 534-559
    • Russo, M.V.1    Fouts, P.A.2
  • 71
    • 0036689401 scopus 로고    scopus 로고
    • The link between 'green' and economic success: Environmental management as the crucial trigger between environmental and economic performance
    • Schaltegger, S. and Synnestvedt, T. (2002) The link between 'green' and economic success: Environmental management as the crucial trigger between environmental and economic performance. Journal of Environmental Management 65: 339-349.
    • (2002) Journal of Environmental Management , vol.65 , pp. 339-349
    • Schaltegger, S.1    Synnestvedt, T.2
  • 72
    • 0001028418 scopus 로고
    • Market response to environmental information produced outside the firm
    • Shane, P.B. and Spicer, B.H. (1983) Market response to environmental information produced outside the firm. Accounting Review 58: 521-538.
    • (1983) Accounting Review , vol.58 , pp. 521-538
    • Shane, P.B.1    Spicer, B.H.2
  • 73
    • 84881984247 scopus 로고    scopus 로고
    • Corporate environmental strategy and competitive advantage: A review from the past to the future
    • In S. Sharma, J. Molson and J.A. Aragon Correa (eds) Cheltenham: Edward Elgar
    • Sharma, S. and Aragon Correa, J.A. (2005) Corporate environmental strategy and competitive advantage: A review from the past to the future. In S. Sharma, J. Molson and J.A. Aragon Correa (eds), Corporate Environmental Strategy and Competitive Advantage (pp. 1-26). Cheltenham: Edward Elgar.
    • (2005) Corporate Environmental Strategy and Competitive Advantage , pp. 1-26
    • Sharma, S.1    Aragon Correa, J.A.2
  • 75
    • 0002422002 scopus 로고
    • Investors, corporate social performance and information disclosure: An empirical study
    • Spicer, B.H. (1978) Investors, corporate social performance and information disclosure: An empirical study. Accounting Review 53(1): 94-111.
    • (1978) Accounting Review , vol.53 , Issue.1 , pp. 94-111
    • Spicer, B.H.1
  • 76
    • 2442707513 scopus 로고    scopus 로고
    • The private costs and benefits of environmental self-regulation: Which firms have most to gain
    • Stoeckl, N. (2004) The private costs and benefits of environmental self-regulation: Which firms have most to gain? Business Strategy and the Environment 13: 135-155.
    • (2004) Business Strategy and the Environment , vol.13 , pp. 135-155
    • Stoeckl, N.1
  • 77
    • 0034980768 scopus 로고    scopus 로고
    • Corporate environmental policy and abnormal stock price returns: An empirical investigation
    • Thomas, A. (2001) Corporate environmental policy and abnormal stock price returns: An empirical investigation. Business Strategy and the Environment 10: 125-134.
    • (2001) Business Strategy and the Environment , vol.10 , pp. 125-134
    • Thomas, A.1
  • 79
    • 10244228792 scopus 로고    scopus 로고
    • The relationship between the environmental and economic performance of firms: An empirical analysis of the European paper industry
    • Wagner, M., Van Phu, N., Azomahou, T. and Wehrmeyer, W. (2002) The relationship between the environmental and economic performance of firms: An empirical analysis of the European paper industry. Corporate Social Responsibility and Environmental Management 9: 133-146.
    • (2002) Corporate Social Responsibility and Environmental Management , vol.9 , pp. 133-146
    • Wagner, M.1    Van Phu, N.2    Azomahou, T.3    Wehrmeyer, W.4
  • 80
    • 84989096000 scopus 로고
    • The resource-based view of the firm: Ten years after
    • Wernerfelt, B. (1995) The resource-based view of the firm: Ten years after. Strategic Management Journal 16: 171-174.
    • (1995) Strategic Management Journal , vol.16 , pp. 171-174
    • Wernerfelt, B.1
  • 81
    • 10244244641 scopus 로고    scopus 로고
    • The rewards for environmental conscientiousness in the U.S. capital markets
    • Yamahita, M., Sen, S. and Roberts, M.C. (1999) The rewards for environmental conscientiousness in the U.S. capital markets. Journal of Financial and Strategic Decisions 12(1): 73-82.
    • (1999) Journal of Financial and Strategic Decisions , vol.12 , Issue.1 , pp. 73-82
    • Yamahita, M.1    Sen, S.2    Roberts, M.C.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.