Mechanism Research On The Influence Of The Corporate Environmental Ethical Responsibility On Corporate Performance

Corporates,as micro-economic entities,promote economic growth.However,corporates economic activities also have significant influences on the ecological environment.With the increasing severity of environmental problems,it is not sufficient that corporates just meet the bottom requirements of legal on environmental responsibility.It is urgent that corporates should voluntarily fulfill environmental ethical responsibility beyond requirements legal for sustainable development.However,different corporates have different choices facing with the environmental ethical responsibility.Some corporates choose to take the initiative,while others hover between ethical responsibilities and short-term performances.The difference in behavior choice is mainly due to different perceptions of behavioral resul ts.From the view of sustainable development,it should pay more attention to the influence of environmental ethical responsibility on long-term performance.Therefore,it is much significant to reveal the influence mechanism of corporate environmental ethical responsibility on corporate performance from the micro and macro levels.It provides a theoretical basis for corporates to improve management performance and key references to verify the effectiveness of macro policies.Based on the literature review and theory analysis including resource-based view,stakeholder theory,new institutional economics,and information economics,this study analyzes the influence factors,degree,pathway and macro policy moderating effect of corporate environmental ethical responsibility on corporate performance using methods including bibliometrics,econometrics,complex networks and epidemic model.The main research contents are as follows:This dissertation defines the connotation and measurement standards of corporate environmental ethical responsibility and corporate performance.It is clarified the essence and characteristic of the influence of corporate environmental ethical responsibility on corporate performance,based on combing relative theories.This study identifies core driving factors of the influence including corporate innovation,reputation and government environmental regulation by bibliometric analysis combining with the case study and analyzes direct influence,indirect influence and moderating factor's influence.Then the conceptual model of research and theoretical model are constructed to reveal the influence mechanism by the coupling of multiple factors.Taking innovation as a mediating link,this study reveals the mediating effect of innovation by constructing the mediating effect model of innovation.Integrating the SEIRS epidemic model into small-world network,this study reveals the mechanism of corporate innovation further playing the mediating role by innovation diffusion.The influences of the time dimension,inversion ratio of innovation diffusion,network characteristics on the diffusion are simulated by using MATLAB.It is found that there is a positive lagged influence of corporate environmental ethical responsibility on corporate performance by using a dynamic panel econometric model.Further,this study verifies the different mediating roles of different innovations.Taking reputation as a mediating link,this study reveals the mediating effect of corporate reputation by constructing the medi ating effect model of reputation.Integrating the SEIRS epidemic model into scale-free network,this study reveals the mechanism of corporate reputation further playing the mediating role by reputation dissemination.The influences of the time dimension,inversion ratio of reputation dissemination,suddenly negative public sentiment and network characteristics on the diffusion are simulated by using MATLAB.This study constructs a database on reputation and testifies the significance of mediating pathway of reputation by using a dynamic panel data model.Based on clarifying the mediating effects of corporate innovation and reputation,this study introduces the moderating variable of government environmental regulation and testifies the moderating effect on the direct pathway,mediating pathway of corporate innovation and reputation faced with the realistic background on continual consolidation of government's environmental regulation.The results show that environmental regulation has positive moderating effects on the mediating pathways of corporate innovation and reputation,but it has no significant moderating effect of the direct influence of corporate environmental responsibility on corporate performance.This study follows the research logic of influence factors identification,influence pathway analysis and moderating effects of macro policy.The innovations are as follows: This study reveals mediating effect mechanisms of innovation and reputation;It finds out the different impacts on different paths.In general,these results are helpful for expanding the theory of corporate performance management,enriching the theoretical system of corporate social responsibility and they provide key references to practices in corporate sustainable development and macro policy-makings.