The relationship among environmental performance, R&D expenditure and corporate performance: using simultaneous equations model

This study examines the inter-correlation between corporate performance and research and development (R&D) expenditure among listed companies in Taiwan. Through a simultaneous equations model, this study investigates the effect of environmental performance on corporate performance and R&D ex...

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Bibliographic Details
Published in:Quality & quantity 2022-08, Vol.56 (4), p.2675-2689
Main Authors: Wang, Mao-Chang, Chen, Zhe
Format: Article
Language:English
Subjects:
Brand loyalty
Carbon
Climate change
Competition
Competitive advantage
Costs
Economic development
Economic statistics
Emissions
Environmental accounting
Environmental auditing
Environmental effects
Environmental impact
Environmental management
Environmental performance
Environmental policy
Environmental protection
Environmental sustainability
Expenditures
Financial statements
Methodology of the Social Sciences
Natural resources
Profitability
R&D
Research & development
Social responsibility
Social Sciences
Sustainable development
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Summary:This study examines the inter-correlation between corporate performance and research and development (R&D) expenditure among listed companies in Taiwan. Through a simultaneous equations model, this study investigates the effect of environmental performance on corporate performance and R&D expenditure. The results reveal that corporate performance correlates positively with environmental performance, but R&D expenditure correlates negatively with environmental performance. The corporate performance and R&D expenditure have negatively interdependent relationships. The results can compensate for the lack of studies on this topic, and provide a reference point for firms in emerging economies.
ISSN:0033-5177
1573-7845
DOI:10.1007/s11135-021-01238-z