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

Muhammad Raees Ashraf and Dr. Kausar Abbas
Additional contact information
Muhammad Raees Ashraf: Muhammad Raees Ashraf
Dr. Kausar Abbas: Associate Professor, Department of Business Administration, University of Sialkot, Pakistan

Bulletin of Business and Economics (BBE), 2024, vol. 13, issue 2, 357-361

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.

Keywords: Environmental Management Systems (EMS); Environmental Performance; Competitive Advantage; Sustainable Development Goals; Panel Data Analysis; Generalized Method of Moments (GMM) (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://bbejournal.com/BBE/article/view/854/838 (application/pdf)
https://bbejournal.com/BBE/article/view/854 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:13:y:2024:i:2:p:357-361

DOI: 10.61506/01.00338

Access Statistics for this article

Bulletin of Business and Economics (BBE) is currently edited by Dr. Muhammad Irfan Chani

More articles in Bulletin of Business and Economics (BBE) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ().