Does It Pay to Be Green? A Total Quality Perspective

IF 13.3 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2025-06-23 DOI:10.1002/bse.70019

Christine Reitmaier, Wolfgang Schultze, Ramona Paul, Jennifer Weißinger

引用次数: 0

Abstract

The question of whether, when, and how efforts for better corporate environmental performance (CEP) improve corporate financial performance (CFP) remains controversial. We revisit this question from a total quality perspective, which unites previous research and highlights interdependencies between mediators of the CEP–CFP relationship. Total quality comprises internal process and product quality as well as stakeholders' perceptions. We use structural equation modeling in a German survey dataset and analyze two sample periods with different regulations and stakeholder expectations on CEP (2005–2010 and 2017–2022). For both samples, we find that better CEP leads to significantly better internal and external quality and also increased costs. For the early period, the improvements translate into higher revenues via external quality. For the more recent period, the improvements decrease costs via process quality. In both samples, we find a neutral effect on net CFP, implying that the documented cost or revenue benefits of green investments are counterbalanced by the associated additional costs.

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绿色环保值得吗？全面质量视角

改善企业环境绩效（CEP）是否、何时以及如何改善企业财务绩效（CFP）的问题仍然存在争议。我们从整体质量的角度重新审视这个问题，它结合了以前的研究，并强调了CEP-CFP关系中介之间的相互依赖性。全面质量包括内部过程和产品质量以及利益相关者的看法。我们在德国调查数据集中使用结构方程模型，分析了两个具有不同法规和利益相关者对CEP期望的样本时期（2005-2010年和2017-2022年）。对于这两个样品，我们发现更好的CEP会显著提高内部和外部质量，同时也会增加成本。在早期阶段，这些改进通过外部质量转化为更高的收入。在最近的一段时间里，这些改进通过过程质量降低了成本。在这两个样本中，我们发现对净CFP的影响是中性的，这意味着绿色投资的记录成本或收入收益被相关的额外成本所抵消。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.