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Environmental projects and financial performance: Exploring the impact of project characteristics

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  • Thoumy, Mira
  • Vachon, Stephan
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    Abstract

    In several manufacturing organizations, environmental management systems are often operationalized through a series of green projects that can lead to a reduction of waste or a more efficient use of the resources. In turn, these types of green projects contribute directly to the bottom line. Using detailed reports of 79 environmental projects that took place in manufacturing organizations in the Province of Quebec over the last decade; this paper examines the influence of four project characteristics on the project's financial outcome. The results suggest that projects related to the main product or its underlying production process (as opposed to peripheral projects) can be financially more beneficial despite their disruptive nature. Evidence was also found that green projects involving changes in the management systems are more profitable than the ones that entail a structural transformation. Finally, a positive linkage between organizational size and project's financial performance has been supported, as larger organizations have more capabilities to implement such green initiatives.

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    Bibliographic Info

    Article provided by Elsevier in its journal International Journal of Production Economics.

    Volume (Year): 140 (2012)
    Issue (Month): 1 ()
    Pages: 28-34

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    Handle: RePEc:eee:proeco:v:140:y:2012:i:1:p:28-34

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    Web page: http://www.elsevier.com/locate/ijpe

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    Keywords: Environmental projects; Manufacturing; Environmental technologies;

    References

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    1. Vachon, Stephan & Klassen, Robert D., 2008. "Environmental management and manufacturing performance: The role of collaboration in the supply chain," International Journal of Production Economics, Elsevier, vol. 111(2), pages 299-315, February.
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    Cited by:
    1. Lin, Chin-Sen & Su, Chao-Ton, 2013. "The Taiwan national quality award and market value of the firms: An empirical study," International Journal of Production Economics, Elsevier, vol. 144(1), pages 57-67.
    2. Galeazzo, Ambra & Furlan, Andrea & Vinelli, Andrea, 2014. "Understanding environmental-operations integration: The case of pollution prevention projects," International Journal of Production Economics, Elsevier, vol. 153(C), pages 149-160.

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