Investigating the Complex Relationship between Financial Performance and Company’s Green Behavior: A Comparative Analysis
Under the new normal of economy, the relationship between economic benefits and company’s environmental behavior (green behavior) has long been the focus of scholars’ research, but less attention has been paid to the effect of financial performance on company’s green behavior in China as a developin...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Wiley
2021-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2021/9979835 |
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| _version_ | 1832560649206497280 |
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| author | Wenyao Zhang Ruzhi Xu Lu Wang |
| author_facet | Wenyao Zhang Ruzhi Xu Lu Wang |
| author_sort | Wenyao Zhang |
| collection | DOAJ |
| description | Under the new normal of economy, the relationship between economic benefits and company’s environmental behavior (green behavior) has long been the focus of scholars’ research, but less attention has been paid to the effect of financial performance on company’s green behavior in China as a developing country. Thus, by adopting a mixed methodology, we conduct a quantitative study by selecting 228 companies as samples with good and poor green behavior for comparative analysis, followed by a qualitative study of 20 specific cases, to analyse the complex relationship mechanism of how financial performance in terms of business solvency, profitability, and development ability affect company’s green behavior. The results indicate that business solvency, profitability, and development ability are strongly associated with company’s green behavior, respectively. This study contributes to the green behavior literature. |
| format | Article |
| id | doaj-art-1a3812f1eb2d4ddf8fb31efefade1871 |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-1a3812f1eb2d4ddf8fb31efefade18712025-02-03T01:27:02ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2021-01-01202110.1155/2021/99798359979835Investigating the Complex Relationship between Financial Performance and Company’s Green Behavior: A Comparative AnalysisWenyao Zhang0Ruzhi Xu1Lu Wang2School of Finance, Qilu University of Technology (Shandong Academy of Sciences), Jinan, Shandong 250353, ChinaSchool of Finance, Qilu University of Technology (Shandong Academy of Sciences), Jinan, Shandong 250353, ChinaSchool of Information Management and Engineering, Zhejiang University of Finance and Economics, Hangzhou, Zhejiang 310018, ChinaUnder the new normal of economy, the relationship between economic benefits and company’s environmental behavior (green behavior) has long been the focus of scholars’ research, but less attention has been paid to the effect of financial performance on company’s green behavior in China as a developing country. Thus, by adopting a mixed methodology, we conduct a quantitative study by selecting 228 companies as samples with good and poor green behavior for comparative analysis, followed by a qualitative study of 20 specific cases, to analyse the complex relationship mechanism of how financial performance in terms of business solvency, profitability, and development ability affect company’s green behavior. The results indicate that business solvency, profitability, and development ability are strongly associated with company’s green behavior, respectively. This study contributes to the green behavior literature.http://dx.doi.org/10.1155/2021/9979835 |
| spellingShingle | Wenyao Zhang Ruzhi Xu Lu Wang Investigating the Complex Relationship between Financial Performance and Company’s Green Behavior: A Comparative Analysis Discrete Dynamics in Nature and Society |
| title | Investigating the Complex Relationship between Financial Performance and Company’s Green Behavior: A Comparative Analysis |
| title_full | Investigating the Complex Relationship between Financial Performance and Company’s Green Behavior: A Comparative Analysis |
| title_fullStr | Investigating the Complex Relationship between Financial Performance and Company’s Green Behavior: A Comparative Analysis |
| title_full_unstemmed | Investigating the Complex Relationship between Financial Performance and Company’s Green Behavior: A Comparative Analysis |
| title_short | Investigating the Complex Relationship between Financial Performance and Company’s Green Behavior: A Comparative Analysis |
| title_sort | investigating the complex relationship between financial performance and company s green behavior a comparative analysis |
| url | http://dx.doi.org/10.1155/2021/9979835 |
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