Measurement of a linkage among environmental, operational, and financial performance in Japanese manufacturing firms: A use of Data Envelopment Analysis with strong complementary slackness condition

European Journal of Operational Research

Volumn 207, Issue 3, 2010, Pages 1742-1753

  Sueyoshi, Toshiyuki ^a   Goto, Mika ^b  

^a NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY   (United States)

^b CENTRAL RESEARCH INSTITUTE OF ELECTRIC POWER INDUSTRY   (Japan)

Author keywords

DEA; Environmental protection; Finance; Operational performance

Indexed keywords

BUSINESS LINKAGES; DEA; DEA (DATA ENVELOPMENT ANALYSIS); ENVIRONMENTAL ISSUES; ENVIRONMENTAL PERFORMANCE; EVALUATION METHODOLOGIES; FINANCIAL PERFORMANCE; GOVERNMENT IS; JAPANESE MANUFACTURING; MANUFACTURING FIRMS; MEDIUM SIZED FIRMS; OPERATIONAL PERFORMANCE; TOKYO STOCK EXCHANGE;

DATA ENVELOPMENT ANALYSIS; DATA HANDLING; ENVIRONMENTAL MANAGEMENT; FINANCE; GLOBAL WARMING; MANUFACTURE; SUSTAINABLE DEVELOPMENT;

INDUSTRY;

EID: 77957707645     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ejor.2010.07.024     Document Type: Article

References (39)

1. R.D. Banker, A. Charnes, and W.W. Cooper Some models for estimating technical and scale inefficiencies in data envelopment analysis Management Science 30 1984 1078 1092
2. P. Berrone, and L.R. Gomez-Mejia Environmental performance and executive compensation: An integrated agency-institutional perspective The Academy of Management Journal 52 2009 103 126
3. M. Bevilacqua, and M. Braglia Environmental efficiency analysis for ENI oil refineries Journal of Cleaner Production 10 2002 85 92
4. A. Charnes, W.W. Cooper, and B. Mellon Blending aviation gasolines - A study in programming interdependent activities in an integrated oil company Econometrica 20 1952 135 159
5. A. Charnes, W.W. Cooper, and G.H. Symonds Cost horizon and certainty equivalents: An approach to stochastic programming of heating oil by the horizon method Management Science 4 1958 235 263
6. A. Charnes, W.W. Cooper, Q.L. Wei, and Z.M. Huang Cone ratio data envelopment analysis and multi-objective programming International Journal of System Science 20 1989 1099 1118
7. W.W. Cooper, Z. Huang, S. Li, V. Lelas, and D.W. Sullivan Survey of mathematical programming models in air pollution management European Journal of Operational Research 96 1996 1 35
8. P.M. Clarkson, Y. Li, G.D. Richarsin, and P.V. Florin Revisiting the relation between environmental performance and empirical disclosure: An empirical analysis Accounting, Organization and Society 33 2008 303 327
9. K. Elsayed Reexamining the expected effect of available resources and firm size on firm environmental orientation: An empirical study of UK firms Journal of Business Ethics 65 2006 297 308
10. K. Elsayed, and D. Paton The impact of environmental performance on firm performance: Static and dynamic panel data evidence Structural Change and Economic Dynamics 16 2005 395 412
11. A. Emrouznejad, B.R. Parker, and G. Tavares Evaluation of research in efficiency and productivity: A survey and analysis of the first 30 years of scholarly literature in DEA Socio-Economic Planning Sciences 42 2008 151 157
12. A. Emrouznejad, and G.R. Amin DEA models for ratio data: Convexity consideration Applied Mathematical Modeling 33 2009 486 498
13. D. Esty, and M. Porter Industrial ecology and competitiveness: Strategic Implications for the firm Journal of Industrial Ecology 2 1998 35 43
14. F. Glover, and T. Sueyoshi Contributions of Professor William W. Cooper in operations research and management science European Journal of Operational Research 197 2009 1 16
15. M. Greenstone The impacts of environmental regulations on industry activity: Evidence from the 1970 and 1977 clean air act amendments and the census of manufactures Journal of Political Economy 110 2002 1175 1219
16. S. Hart, and Ahuja Does it pay to be green? An empirical examination of the relationship between emission reduction and firm performance Business Strategy and the Environment 5 1996 30 37
17. M. Hollander, and D.A. Wolfe Nonparametric Statistical Methods 1999 John Wiley New York
18. Ijiri, Y., Sueyoshi, T., forthcoming. Accounting Essays by Professor William W. Cooper: Revisiting in Commemoration of his 95th Birthday. ABACUS: A Journal of Accounting, Finance and Business Studies.
19. R.D. Klassen, and C.P. McLaughlin The impact of environmental management on firm performance Management Science 42 1996 1199 1214
20. A. King, and M. Lenox Exploring the locus of profitable pollution reduction Management Science 48 2002 289 299
21. P.J. Korhonen, and M. Luptacik Eco-efficiency analysis of power plants: An extension of data envelopment analysis European Journal of Operational Research 154 2004 437 446
22. S. Kumar Environmentally sensitive productivity growth: A global analysis using Malmquist-Luenberger index Ecological Economics 56 2006 280 293
23. R. Lahdelma, and P. Salminen Stochastic multicriteria acceptability analysis using the data envelopment model European Journal of Operational Research 170 2006 241 252
24. L. Liang, D. Wu, and Z. Hua MES-DEA modeling for analyzing anti-industrial pollution efficiency and its application in Anhui province of China International Journal of Global Energy Issues 22 2004 88 98
25. M. Orlitzky, F.L. Schmidt, and S.L. Rynes Corporate social and financial performance: A meta-analysis Organization Studies 24 2003 403 441
26. C.A. Pasurka Jr. Decomposing electric power plant emissions within a joint production framework Energy Economics 28 2006 26 43
27. A.J. Picazo-Tadeo, E. Reig-Martinez, and F. Hernandez-Sancho Directional distance functions and environmental regulation Resource and Energy Economics 27 2005 131 142
28. M. Russo, and P. Fouts A resource-based perspective on corporate environmental performance and profitability Academy of Management 40 1997 534 559
29. T. Sueyoshi, and M. Goto Can environmental investment and expenditure enhance financial performance of US electric utility firms under the clean air act amendment of 1990? Energy Policy 37 2009 4819 4826
30. Sueyoshi, T., Goto, M., submitted for publication. Measurement of returns to scale and damages to scale for DEA-based operational and environmental assessment: How to manage desirable (good) and undesirable (bad) outputs?" European Journal of Operational Research.
31. T. Sueyoshi, M. Goto, and T. Ueno Performance analysis of U.S. coal-fired power plants by measuring three DEA efficiencies Energy Policy 38 2010 1675 1688
32. T. Sueyoshi, and K. Sekitani Measurement of returns to scale by a non-radial DEA model: A range-adjusted measure model European Journal of Operational Research 176 2007 1918 1946
33. T. Sueyoshi, and K. Sekitani The Measurement of returns to scale under a simultaneous occurrence of multiple solutions in a reference set and a supporting hyperplane European Journal of Operational Research 181 2007 549 570
34. T. Sueyoshi, and K. Sekitani An occurrence of multiple projections in DEA-based measurement of technical efficiency: Theoretical comparison among DEA Models from desirable properties European Journal of Operational Research 196 2009 764 794
35. A. Varma UK's climate change levy: Cost effectiveness, competitiveness and environmental impacts Energy Policy 31 2003 51 61
36. R.G. Thompson, F.D. Singleton, R.M. Thrall, and B.A. Smith Comparative site evaluation for locating a high-energy physics lab in Texas Interface 16 1986 35 49
37. K. Triantis, and P. Otis Dominance-based measurement of productive and environmental performance for manufacturing European Journal of Operational Research 154 2004 447 464
38. O. Zaim Measuring environmental performance of state manufacturing through changes in pollution intensities: A DEA framework Ecological Economics 48 2004 37 47
39. P. Zhou, B.W. Ang, and K.L. Poh A survey of data envelopment analysis in energy and environmental studies European Journal of Operational Research 189 2008 1 18