IDEAS home Printed from https://ideas.repec.org/a/rfh/bbejor/v13y2024i2p357-361.html
   My bibliography  Save this article

Study of Firm Performance: EMS Adopter Firms to Achieve Sustainable Business Goals

Author

Listed:
  • Muhammad Raees Ashraf

    (Muhammad Raees Ashraf)

  • Dr. Kausar Abbas

    (Associate Professor, Department of Business Administration, University of Sialkot, Pakistan)

Abstract

EMS effectiveness is studied concerning financial, environmental, and competitive outcomes among corporations. A comparative analysis of Companies with EMS integrated into their management systems will be made with those Companies without EMS in this research. EMS’s contribution to business sustainability is also analyzed and validated with the help of quantitative research methods including panel data using the Generalized Method of Moments (GMM) and regression analysis. The research focuses on the differences in the financial results, the positive impact on the natural environment, and competitive advantage of enterprises that voluntarily apply the EMS compared to those that do not. The findings of this study shown that EMS adoption enhance environmental performance and offer competitive advantage by enhancing stakeholder relations and market positioning. This alters the nature and benefits that organizations experience while implementing EMS as some companies initially experience cost implications and functioning challenges but in the long run, EMS brings profitability and cost-effectiveness. It may provide more information on how EMS promotes and can sustain responsible business activities and the most effective means of doing so. The above analysis may be useful to firms and policy makers in understanding how to encourage sustainability that will benefit economies and the natural environment in the long-term.

Suggested Citation

  • Muhammad Raees Ashraf & Dr. Kausar Abbas, 2024. "Study of Firm Performance: EMS Adopter Firms to Achieve Sustainable Business Goals," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 357-361.
    • Handle: RePEc:rfh:bbejor:v:13:y:2024:i:2:p:357-361
    DOI: https://doi.org/10.61506/01.00338
    as

    Download full text from publisher

    File URL: https://bbejournal.com/BBE/article/view/854/838
    Download Restriction: no
    File URL: https://bbejournal.com/BBE/article/view/854
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.61506/01.00338?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Hansen, Lars Peter, 1982. "Large Sample Properties of Generalized Method of Moments Estimators," Econometrica, Econometric Society, vol. 50(4), pages 1029-1054, July.
    2. Bishawjit Chandra Deb & Md. Mominur Rahman & Muhammad Shajib Rahman, 2022. "The impact of environmental management accounting on environmental and financial performance: empirical evidence from Bangladesh," Journal of Accounting & Organizational Change, Emerald Group Publishing Limited, vol. 19(3), pages 420-446, July.
    3. Francesco Testa & Iñaki Heras-Saizarbitoria & Tiberio Daddi & Olivier Boiral & Fabio Iraldo, 2016. "Public regulatory relief and the adoption of environmental management systems: a European survey," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 59(12), pages 2231-2250, December.
    4. Robert D. Klassen & Curtis P. McLaughlin, 1996. "The Impact of Environmental Management on Firm Performance," Management Science, INFORMS, vol. 42(8), pages 1199-1214, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kerstin Lopatta & Thomas Kaspereit, 2014. "The World Capital Markets’ Perception of Sustainability and the Impact of the Financial Crisis," Journal of Business Ethics, Springer, vol. 122(3), pages 475-500, July.
    2. Fan, Di & Lo, Chris K.Y. & Zhou, Yi, 2021. "Sustainability risk in supply bases: The role of complexity and coupling," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 145(C).
    3. Chauhan, Yogesh & Kumar, Surya B., 2018. "Do investors value the nonfinancial disclosure in emerging markets?," Emerging Markets Review, Elsevier, vol. 37(C), pages 32-46.
    4. Sachin B. Modi & David E. Cantor, 2021. "How Coopetition Influences Environmental Performance: Role of Financial Slack, Leverage, and Leanness," Production and Operations Management, Production and Operations Management Society, vol. 30(7), pages 2046-2068, July.
    5. Hillebrand, Eric & Schnabl, Gunther & Ulu, Yasemin, 2009. "Japanese foreign exchange intervention and the yen-to-dollar exchange rate: A simultaneous equations approach using realized volatility," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 19(3), pages 490-505, July.
    6. Frederico Belo & Chen Xue & Lu Zhang, 2010. "Cross-sectional Tobin's Q," NBER Working Papers 16336, National Bureau of Economic Research, Inc.
    7. Corbet, Shaen & Larkin, Charles & McMullan, Caroline, 2020. "The impact of industrial incidents on stock market volatility," Research in International Business and Finance, Elsevier, vol. 52(C).
    8. Bansal, Ravi & Kiku, Dana & Yaron, Amir, 2016. "Risks for the long run: Estimation with time aggregation," Journal of Monetary Economics, Elsevier, vol. 82(C), pages 52-69.
    9. Alfonso Mendoza-Velázquez & Luis Carlos Ortuño-Barba & Luis David Conde-Cortés, 2022. "Corporate governance and firm performance in hybrid model countries," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 21(1), pages 32-58, February.
    10. Chang, Jinyuan & Chen, Song Xi & Chen, Xiaohong, 2015. "High dimensional generalized empirical likelihood for moment restrictions with dependent data," Journal of Econometrics, Elsevier, vol. 185(1), pages 283-304.
    11. Kutuk, Yasin, 2022. "Inequality convergence: A world-systems theory approach," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 150-165.
    12. Smoluk, H. J. & Neveu, Raymond P., 2002. "Consumption and asset prices: An analysis across income groups," Review of Financial Economics, Elsevier, vol. 11(1), pages 47-62.
    13. Bruce N. Lehmann, 2005. "The Role of Beliefs in Inference for Rational Expectations Models," NBER Working Papers 11758, National Bureau of Economic Research, Inc.
    14. Aslan, Alper & Kaplan, Muhittin & Kula, Ferit, 2008. "International Tourism Demand for Turkey: A Dynamic Panel Data Approach," MPRA Paper 10601, University Library of Munich, Germany.
    15. de Mendonça, Helder Ferreira & Tiberto, Bruno Pires, 2014. "Public debt and social security: Level of formality matters," Economic Modelling, Elsevier, vol. 42(C), pages 490-507.
    16. Alessandra Canepa & Fawaz Khaled, 2018. "Housing, Housing Finance and Credit Risk," IJFS, MDPI, vol. 6(2), pages 1-23, May.
    17. Isaiah Andrews & Anna Mikusheva, 2016. "Conditional Inference With a Functional Nuisance Parameter," Econometrica, Econometric Society, vol. 84, pages 1571-1612, July.
    18. Carrión-Flores, Carmen E. & Innes, Robert, 2010. "Environmental innovation and environmental performance," Journal of Environmental Economics and Management, Elsevier, vol. 59(1), pages 27-42, January.
    19. repec:ebl:ecbull:v:3:y:2007:i:44:p:1-6 is not listed on IDEAS
    20. Jessica M. Mc Lay & Roy Lay-Yee & Barry J. Milne & Peter Davis, 2015. "Regression-Style Models for Parameter Estimation in Dynamic Microsimulation: An Empirical Performance Assessment," International Journal of Microsimulation, International Microsimulation Association, vol. 8(2), pages 83-127.
    21. Paulo M. D. C. Parente & Richard J. Smith, 2021. "Quasi‐maximum likelihood and the kernel block bootstrap for nonlinear dynamic models," Journal of Time Series Analysis, Wiley Blackwell, vol. 42(4), pages 377-405, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rfh:bbejor:v:13:y:2024:i:2:p:357-361. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Muhammad Irfan Chani (email available below). General contact details of provider: https://edirc.repec.org/data/rffhlpk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.