綠色管理和財(cái)務(wù)績(jī)效[文獻(xiàn)翻譯]

1、原文：原文：GreenmanagementfinancialperfmanceFromanempiricalpointofviewagrowingbodyofquantitativestudieshastestedthislinkagebetweenenvironmentalproactivelyfirmperfmancetheresultsbeingvariedtoo.Somewksfindapositiverelationship(

2、JudgeDouglas1998KingLenox2002Melvynetal.2003)butothersdonotidentifyapositiveimpactofenvironmentalproclivityonfinancialperfmance(CdieriteSardis1997Gilleyetal.2000LinkNavel2006).Howeverasystematicreviewofthisquantitativeem

3、piricalliteraturehasnotbeencarriedout.Theaimofthispaperistocarryoutaliteraturereviewofthequantitativestudiesthathaveanalyzedtheimpactofgreenmanagementonfinancialperfmanceindertoexaminethemainfindingsobtainedwithregardtot

4、hisrelationship.Inadditiontheenvironmentalvariablesusedthefinancialperfmancevariablesthestatisticalanalysesemployedarealsoexamined.Thisarticleseekstomakeacontributiontothedebateaboutthereasonstoimplementenvironmentalstra

5、tegiescarryingoutanexhaustivereviewofthegreenmanagementfinancialperfmancelink.Inouropinionethicssocialresponsibilityingeneralgreenmanagementinparticularshouldbeanintegralpartofbusiness.Butweconsiderthatthisintegrationwil

6、lbefavedwhendecisionmakersinthefirmsrealizethattheimplementationofproactiveenvironmentalstrategiespollutionpreventioninitiativesmayhelpfirmstoreachasituationinwhichboththecompany’sfinancialperfmancetheenvironmentwillbene

7、fit.Theremainderofthispaperisstructuredasfollows.Section2presentsthemaintheeticalargumentsabouttherelationshipbetweenenvironmentalvariablesfinancialperfmance.Section3describesthemethodology.Section4showsreviewsthequantit

8、ativestudiesthathaveanalyzedtheimpactofenvironmentonfinancialperfmance.FinallySection5providesimplicationssomeideasffutureresearch.Firmsarefacinggrowingpressuretobecomeresponsiblegreener.Severalconsiderthatimplementation

9、ofsocialenvironmentalstrategieswillbefavedwhenmanagersrealizethattheseinitiativesmayhelpfirmstoreachasituationinwhichboththefirm’sfinancialperfmancethesocietyenvironmentwillbenefit.Ifwefocusonthemainpurposeofourarticleth

10、einfluenceexertedbyenvironmentalmanagementonfirmperfmancethisinfluencemayresultfromthepositiveimpactonfirmcostsdifferentiationlevels.Preventingpollutionmayenablethefirmtosavecontrolcostsinputenergyconsumptiontoreusemater

11、ialsthroughrecycling(Hart1997Tayl1992).Thusecoefficiencyinvolvesproducingdeliveringgoodswhilesimultaneouslyreducingtheecologicalimpactuseofresources(Schheiny1992StrikeMarcus2000).Thegenerationofpollutionisthusregardedasa

12、signofinefficiency(PterVandeerLinda1995).Companiesmustlearntoviewenvironmentalimprovementintermsofresourceproductivity.Managerswhofocusalmostexclusivelyonthecostsofeliminatingtreatingpollutionshouldrethinktheirapproachpa

13、yattentiontotheopptunitycostsofpollution(wastedresourceswastedefftdiminishedproductvaluetothecustomer).Byusingproactiveenvironmentalstrategiesfirmscaneliminateenvironmentallyhazardousproductionprocessesredesignexistingpr

14、oductsystemstoreducelifecycleimpactsdevelopnewproductswithlowerlifecyclecosts(Hart1995).Meadvancedenvironmentalstrategiescanassistthewholeganizationinachievinggreaterganizationalefficiency.Infactfirmsmaysavecostsbyrespon

15、dingtomarketpressuresfgreaterproductionefficiencygatheringthe“l(fā)owhangingfruit”associatedwithreducingexcessivewastesmaterialenergyuse(HartAbuja1996).Asfdifferentiationreducingpollutionmayalsoresultinincreaseddemfromenviro