TY  - JOUR
AB  - Theoretical arguments suggest that better environmental performance can lead to cost advantages through a more efficient use of resources and higher labor productivity. To provide empirical support for these arguments, we investigate how environmental performance affects operating costs using a sample of 785 U.S. firms for the period 2006–2014. We find that better environmental performance is negatively associated with direct production costs, but increases overhead costs. Because direct production costs have a larger impact than overhead costs, aggregate operating costs decline as environmental performance improves. To deal with endogeneity and to interpret the results causally, we use an instrumental variables approach.
AU  - Dreyer, Christian
AU  - Guenster, Nadja Katharina
AU  - Koegst, Jakob
DA  - 2019-06-30
DO  - https://doi.org/10.3390/su11133600
KW  - environmental performance
KW  - natural-resource-based view
KW  - operating costs
KW  - overhead costs
KW  - production costs
KW  - environmental management systems
KW  - resource efficiency
LA  - eng
N1  - Sustainability 11 (2019) 13, 3600, 1-13
N1  - Finanziert durch den Open-Access-Publikationsfonds der Westfälischen Wilhelms-Universität Münster (WWU Münster).
PY  - 2019-06-30
TI  - Empirical Evidence on Environmental Performance and Operating Costs
UR  - https://nbn-resolving.org/urn:nbn:de:hbz:6-92109603139
Y2  - 2024-11-21T23:48:55
ER  -