International Journal of Advanced Culture Technology

The International Promotion Agency of Culture Technology (국제문화기술진흥원)
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Environmental Protection Experience, Cost and Performance

  • Gu, Meizhen (Department of Global Business Administration, Gachon University) ;
  • Jin, Shanyue (Department of Global Business Administration, Gachon University)
  • Received : 2020.11.06
  • Accepted : 2020.12.04
  • Published : 2020.12.31
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Abstract

Along with rapid global economic development, people are slowly becoming environmentally aware and green development is increasingly a vital topic of social concern. Academic circles are currently focusing on environmental protection and economic growth to explore the coordinated development of both and to achieve a win-win solution between them. To study the relationship between environmental protection experience and both cost and performance, this study empirically analyzes companies listing on the Shenzhen A-share market from 2014 to 2018. The results show that senior executives' environmental protection experience is negatively correlated with corporate costs, whereas it is positively correlated with business performance. These results provide empirical evidence of the importance of enterprises introducing and cultivating environmental personnel and insisting on sustainable development.

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