환경경영체제가 경영성과에 미치는 영향

In the latter half of the 1990s, many firms regarded environmental management as a top corporate priority, since public concern about environment was growing stronger. In light of this, environment－friendly firm designation was attractive to many firms. Many empirical studies analyze the actions of firms that are concerned with environmental management. Although different theories are used for these analyses, the common feature of most previous studies is the recognition that firms' characteristics their environmental actions. therefore, we predict that the environmental preferences from the firm's characteristics will also influence the environment－friendly firm designation in our analyses. The main findings are as follows. The first hypothesis is supported in terms of total assets turnover at the 10% significance level. The second one is supported in terms of current ratio, gross margin on sales at the 5%, 1% significance level. The third one is supported in terms of current ratio, fixed assets to net worth and fixed liabilities, gross margin on sales, net sales growth rate at the 5%, 1%, 10%, 10% significance level. By focusing on environment－friendly firm designation, we were able to find the determinants of environment－friendly firm designation, including a determinant that most of the previous studies did not find.