Research On The Influence Of Environmental Performance On Enterprises Economical Performance

After the second industrial revolution, the improvement of social productivity enable people speed up the pace of changing natural environment. Extensive development pattern and explosive population growth, makes the contradiction between people and natural environment become more and more intensely. As the environmental problems getting more and more attention all over the world, Enterprises are more frequently called for taking environmental responsibility actively by the society. Enterprises pursuit economic profit and also should protect the natural environment at the same time, This is a requirement of the new social economic background of The Times, and also an social responsibility that enterprises should conscientiously fulfill. Then, what effect will implement of active environmental management strategy impact on enterprises economic performance and competitive advantage? Can enterprises realize good environmental performance and economic performance in a win-win situation?With these problems, this paper reviews the domestic and foreign literature related to environmental performance and economical performance, and puts forward three research hypothesis based on the stakeholder theory, resource-based theory, organizational capability theory and environmental cost-benefit theory. Hypothesis 1,Enterprises which have good environmental performance have little environment management risk, meet the publics environmental protective demand easily, and win the favor of the investors easily. According to this the current enterprise environmental performance has a positive effect on the current market value; Hypothesis 2, Spending on environmental management inevitably reduce the profits of financial performance in short terms, while it can increase the profitability of the enterprises in long terms, the current enterprises environmental performance has a negative impact on the current financial performance, has a positive effect on the late financial performance; Hypothesis 3, Enterprises that apply positive environmental strategy regard environmental protection requirements as a development opportunity, build competitive advantage by improving productive process technology. Inspiring enterprises’ innovation ability at the same time. As a result, there is a positive correlation between enterprises environmental performance and R&D spending. Take Baoshan Iron & Steel 2003-2012 environmental performance data and economical performance data as the analysis sample, get the environmental comprehensive score by using the principal component analysis. Then using multiple regression analysis and partial correlation analysis test the relationship between environmental performance and market value, financial performance as well as R&D capabilities. The research conclusion shows that, environmental performance has positive influence on the enterprises market value; current environmental performance has a negative impact on the current financial performance, has a positive impact on the late financial performance; enterprise environment management increase to enterprise’s R&D activity. This paper designs the balanced scorecard of enterprise environmental performance based on the research conclusions, in order to arouse enterprises environmental management enthusiasm, integrate environmental resources into enterprises interior organizational capability and the advantages of resources, improve the enterprises performance, by evaluating enterprise environmental management performance comprehensively and reasonably.The spending on enterprises’ resource conservation and pollution control investment, reduce the current of financial resources indirectly, while on the other hand, will promote enterprises’ innovation ability, organizational capability and productive performance. When measuring environmental performance and making environmental management decisions, enterprises should not only consider the environmental management financial cost or benefits, but also the organizational coordinated ability and the contribution in the long-term competitive advantage development. Take Long time series data of baoshan iron &steel as a sample, this paper make a dynamic analysis of the trend that environmental impact on enterprise performance management performance. This paper, to a certain extent, can make up for previous literatures mostly make a short-term effect research by choosing cross-section data but lack of long-term effect research and enrich the existing theories. In practice, this paper designed an internal evaluation balanced scorecard of environmental performance, providing a better management basis and reference for measuring the value of environmental management.