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The Effect of Corporate Environmental Strategy Choice and Environmental Performance on Competitiveness and Economic Performance

Author

Listed:
  • Marcus Wagner

    (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique, Leuphana University of Lüneburg)

  • Stefan Schaltegger

    (Leuphana University of Lüneburg)

Abstract

This paper provides a discussion of the relationship between environmental and economic performance and the influence of corporate environmental strategy choice on this relationship. After formulating a theoretical model, it reports results of an empirical analysis carried out for the European manufacturing industry, which uses new data to test hypotheses derived from the model. Corporate environmental strategies are identified on the basis of their orientation towards shareholder value. The analysis finds that for firms with shareholder value-oriented strategies the relationship between environmental performance and different dimensions of economic performance is more positive than for firms without such a strategy.

Suggested Citation

  • Marcus Wagner & Stefan Schaltegger, 2004. "The Effect of Corporate Environmental Strategy Choice and Environmental Performance on Competitiveness and Economic Performance," Post-Print hal-00279008, HAL.
    • Handle: RePEc:hal:journl:hal-00279008
    DOI: 10.1016/j.emj.2004.09.013
    as

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