Impacts of ISO 14001 adoption on firm performance: Evidence from China
نویسندگان
چکیده
Article history: Received 16 January 2013 Received in revised form 17 November 2014 Accepted 18 November 2014 Available online 24 November 2014 This paper investigates the impacts of ISO 14001 adoption on the performance of firms using a sample of Chinese firms. The results show that adopting ISO 14001 has insignificant impacts on the financial performance of Chinese firms. A further investigation shows that the adoption of ISO 14001 increases sales and costs of firms in similar magnitudes, thus causes insignificant net effects on the financial performance. Despite negligible financial gains, the adoption of ISO 14001 provides implicit non-financial benefits, such as promoting export and relieving coercive environmental inspections from the government. © 2014 Elsevier Inc. All rights reserved. JEL classification: D22 L51 Q56
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