The Relationship between the Environmental and Economic Performance of Firms: What Does Theory Propose and What Does Empirical Evidence Tell Us?

Marcus Wagner; Stefan Schaltegger; Walter Wehrmeyer

The Relationship between the Environmental and Economic Performance of Firms: What Does Theory Propose and What Does Empirical Evidence Tell Us?

Research output: Journal contributions › Journal articles › Research › peer-review

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The Relationship between the Environmental and Economic Performance of Firms: What Does Theory Propose and What Does Empirical Evidence Tell Us? / Wagner, Marcus ; Schaltegger, Stefan; Wehrmeyer, Walter.
In: Greener Management International, No. 34, 06.2001, p. 95-108.

Research output: Journal contributions › Journal articles › Research › peer-review

Bibtex

@article{448cd36819924da2a5a3868ad8e80add,

title = "The Relationship between the Environmental and Economic Performance of Firms: What Does Theory Propose and What Does Empirical Evidence Tell Us?",

abstract = "This paper discusses several possible 'idealised' functional relationships between environmental and economic performance rooted in different theoretical frameworks. Following this, it reviews empirical studies that investigate this relationship and it analyses their results. This is done separately for event studies, portfolio studies and multiple regression studies, with particular regard to the data sets used, the environmental performance measures applied and the economic performance measures utilised, including data sources for the latter two study types. Subsequently, the paper discusses the consistency and comparability of empirical findings and their link to the theoretically derived 'idealised' functional relationships. It then compares theoretical propositions and empirical results and, in doing so, identifies a number of statistical, methodological and data issues. The paper concludes by commenting on these, in particular on the variability encountered, and assesses potential initiating factors for the relationship that could account for this variability. It closes with a brief discussion of potential future research paths and difficulties that could be encountered on these, particularly with regard to European firms.",

keywords = "Sustainability sciences, Management & Economics",

author = "Marcus Wagner and Stefan Schaltegger and Walter Wehrmeyer",

note = "Literaturverz. S. 107 - 108",

year = "2001",

month = jun,

language = "English",

pages = "95--108",

journal = "Greener Management International",

issn = "0966-9671",

publisher = "Greenleaf Publishing",

number = "34",

}

RIS

TY - JOUR

T1 - The Relationship between the Environmental and Economic Performance of Firms

T2 - What Does Theory Propose and What Does Empirical Evidence Tell Us?

AU - Wagner, Marcus

AU - Schaltegger, Stefan

AU - Wehrmeyer, Walter

N1 - Literaturverz. S. 107 - 108

PY - 2001/6

Y1 - 2001/6

N2 - This paper discusses several possible 'idealised' functional relationships between environmental and economic performance rooted in different theoretical frameworks. Following this, it reviews empirical studies that investigate this relationship and it analyses their results. This is done separately for event studies, portfolio studies and multiple regression studies, with particular regard to the data sets used, the environmental performance measures applied and the economic performance measures utilised, including data sources for the latter two study types. Subsequently, the paper discusses the consistency and comparability of empirical findings and their link to the theoretically derived 'idealised' functional relationships. It then compares theoretical propositions and empirical results and, in doing so, identifies a number of statistical, methodological and data issues. The paper concludes by commenting on these, in particular on the variability encountered, and assesses potential initiating factors for the relationship that could account for this variability. It closes with a brief discussion of potential future research paths and difficulties that could be encountered on these, particularly with regard to European firms.

AB - This paper discusses several possible 'idealised' functional relationships between environmental and economic performance rooted in different theoretical frameworks. Following this, it reviews empirical studies that investigate this relationship and it analyses their results. This is done separately for event studies, portfolio studies and multiple regression studies, with particular regard to the data sets used, the environmental performance measures applied and the economic performance measures utilised, including data sources for the latter two study types. Subsequently, the paper discusses the consistency and comparability of empirical findings and their link to the theoretically derived 'idealised' functional relationships. It then compares theoretical propositions and empirical results and, in doing so, identifies a number of statistical, methodological and data issues. The paper concludes by commenting on these, in particular on the variability encountered, and assesses potential initiating factors for the relationship that could account for this variability. It closes with a brief discussion of potential future research paths and difficulties that could be encountered on these, particularly with regard to European firms.

KW - Sustainability sciences, Management & Economics

UR - http://www.scopus.com/inward/record.url?scp=0035383692&partnerID=8YFLogxK

M3 - Journal articles

SP - 95

EP - 108

JO - Greener Management International

JF - Greener Management International

SN - 0966-9671

IS - 34

ER -