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1、原文:GreenmanagementandfinancialperformanceFromanempiricalpointofview,agrowingbodyofquantitativestudieshastestedthislinkagebetweenenvironmentalproactivelyandfirmperformance,theresultsbeingvariedtoo.Someworksfindapositiverelationship(JudgeandDouglas,1998;KingandLenox,2002;Melvynetal.,
2、2003)butothersdonotidentifyapositiveimpactofenvironmentalproclivityonfinancialperformance(CordieriteandSardis,1997;Gilleyetal.,2000;LinkandNavel,2006).However,asystematicreviewofthisquantitativeempiricalliteraturehasnotbeencarriedout.Theaimofthispaperistocarryoutaliteraturereviewof
3、thequantitativestudiesthathaveanalyzedtheimpactofgreenmanagementonfinancialperformanceinordertoexaminethemainfindingsobtainedwithregardtothisrelationship.Inaddition,theenvironmentalvariablesused,thefinancialperformancevariablesandthestatisticalanalysesemployedarealsoexamined.Thisar
4、ticleseekstomakeacontributiontothedebateaboutthereasonstoimplementenvironmentalstrategies,carryingoutanexhaustivereviewofthegreenmanagement-financialperformancelink.Inouropinion,ethicsandsocialresponsibilityingeneralandgreenmanagementinparticular,shouldbeanintegralpartofbusiness.Bu
5、tweconsiderthatthisintegrationwillbefavoredwhendecisionmakersinthefirmsrealizethattheimplementationofproactiveenvironmentalstrategiesandpollutionpreventioninitiativesmayhelpfirmstoreachasituationinwhichboththecompany’sfinancialperformanceandtheenvironmentwillbenefit.Theremainderoft
6、hispaperisstructuredasfollows.Section2presentsthemaintheoreticalargumentsabouttherelationshipbetweenenvironmentalvariablesandfinancialperformance.Section3describesthemethodology.Section4showsandreviewsthequantitativestudiesthathaveanalyzedtheimpactofenvironmentonfinancialperformanc
7、e.Finally,Section5providesimplicationsandsomeideasforfutureresearch.Firmsarefacinggrowingpressuretobecomeresponsibleandgreener.Severalstakeholderspresscompaniestoreducetheirnegativeimpactsonsocietyandnaturalenvironment.Infact,socialresponsibilityingeneral,andenvironmentalmanagement
8、inparticular,arebecomingan