The relationship among environmental performance, R&D expenditure and corporate performance: using simultaneous equations model

Mao-Chang Wang () and Zhe Chen
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Mao-Chang Wang: Chinese Culture University
Zhe Chen: Chinese Culture University

Quality & Quantity: International Journal of Methodology, 2022, vol. 56, issue 4, No 39, 2675-2689

Abstract: Abstract This study examines the inter-correlation between corporate performance and research and development (R&D) expenditure among listed companies in Taiwan. Through a simultaneous equations model, this study investigates the effect of environmental performance on corporate performance and R&D expenditure. The results reveal that corporate performance correlates positively with environmental performance, but R&D expenditure correlates negatively with environmental performance. The corporate performance and R&D expenditure have negatively interdependent relationships. The results can compensate for the lack of studies on this topic, and provide a reference point for firms in emerging economies.

Keywords: Environmental performance; Carbon emissions; R&D expenditure; Corporate performance; Simultaneous equations model (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s11135-021-01238-z

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