Sustainable Environmental Management System Integration and Business Performance: A Balance Assessment Approach Using Fuzzy Logic

Ionut Viorel Herghiligiu, Ioan-Bogdan Robu, Marius Pislaru, Adrian Vilcu, Anca Laura Asandului, Silvia Avasilcăi and Catalin Balan
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Ionut Viorel Herghiligiu: Faculty of Industrial Design and Business Management, „Gheorghe Asachi” Technical University of Iași, 700050 Iași, Romania
Ioan-Bogdan Robu: Faculty of Economics and Business Administration, „Alexandru Ioan Cuza” University of Iași, 700505 Iași, Romania
Marius Pislaru: Faculty of Industrial Design and Business Management, „Gheorghe Asachi” Technical University of Iași, 700050 Iași, Romania
Adrian Vilcu: Faculty of Industrial Design and Business Management, „Gheorghe Asachi” Technical University of Iași, 700050 Iași, Romania
Anca Laura Asandului: Faculty of Economics and Business Administration, „Alexandru Ioan Cuza” University of Iași, 700505 Iași, Romania
Silvia Avasilcăi: Faculty of Industrial Design and Business Management, „Gheorghe Asachi” Technical University of Iași, 700050 Iași, Romania
Catalin Balan: “Cristofor Simionescu” Faculty of Chemical Engineering and Environmental Protection, „Gheorghe Asachi” Technical University of Iași, 700050 Iași, Romania

Sustainability, 2019, vol. 11, issue 19, 1-30

Abstract: Companies constantly thrive to enhance their performance in order to achieve their environmental, social, and economic goals. One way to achieve these goals is to integrate some effective management tools, such as an environmental management system (EMS), that can support sustainable development and value creation. Based on the literature, in this study some EMS integration dimensions were identified that can be used to assess its influence on business performance. The study was conducted on SMEs listed on the AeRO-Bucharest Stock Exchange that voluntary apply the ISO 14001 EMS, using a quantitative approach. To assess the EMS integration score, principal component analysis was used. Using logistic regression analysis, business performance probability (quantified by return on assets) was estimated for each company included in the final sample. Fuzzy logic was further used for modelling the influence of EMS integration on business performance probability. The research results showed that EMS integration has different effects on business performance probability, considering the influence of activity field and environmental management experience. This research assertion could be extended for all the listed Romanian companies or for major companies at the EU level.

Keywords: sustainable environmental management system (EMS) integration; business performance; principal component analysis; logistic regression; fuzzy logic (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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