The Effect of Environmental Management Activities on Financial Performance

다국어 초록 (Multilingual Abstract)

[Purpose] Most of the preceding studies conducted an one－dimensional analysis of corporate environmental management activities and corporate financial performances. In other words, since they understood the correlation between a dependent variable and an independent variable, assuming the linearity of the two variables, it had a limitation that it could not reflect the complex and diverse real world. Thus, this study would analyze the correlations among corporate environmental management activities, financial performances and financial characteristics, utilizing the general Bayesian network.
[Methodology] The typical Bayesian network can analyze the correlation between independent variables as well as the relations between a dependent variable and an independent variable and can be utilized as a useful analysis tool for the understanding of the complex real world.
[Findings] This study found that there were no direct corrections between financial performances and corporate environmental management activities.
In other words, corporate financial performances.
[Implications] The results of this study can provide useful information for the parties interested much in corporate environmental management activities(e.g. government, environmental organization, and stockholders) in their decision－making.

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