The relevant literature on environmental strategy has carried out extensive research on the internal and external factors that affect the sustainable development of enterprises, but some important horizontal factors, such as the influence from peers, are ignored. Based on benchmarking theory and expectation theory, this paper makes an empirical analysis on the panel data of Listed Companies in 24 industries in China from 2001 to 2019. The results show that the number of Listed Companies in the industry has a positive impact on the passive and active environmental strategies of the whole industry. The outstanding performance of peers promotes the whole industry to actively implement the active environmental strategy and reduce the passive environmental strategy. At the same time, the longer the listing time of the listed companies, the more able the companies to strengthen the impact of the number of listed companies on the implementation of active or passive environmental strategy in the whole industry, and the smaller the relative scale, the more able the companies to strengthen the impact of performance on the implementation of active environmental strategy in the whole industry.
|Title of host publication||E3S Web of Conferences|
|Number of pages||15|
|Publication status||Published - Aug 2023|
|Event||2023 International Conference on Management Science and Engineering Management, ICMSEM 2023 - Cape Town, South Africa|
Duration: 3 Aug 2023 → 4 Aug 2023
|Name||E3S Web of Conferences|
|Conference||2023 International Conference on Management Science and Engineering Management, ICMSEM 2023|
|Period||3/08/23 → 4/08/23|
Bibliographical noteFunding Information:
The authors of this paper wish to acknowledge the anonymous reviewers and the editors for their excellent and insightful comments. We also thank for the financial support from the Education Department of Hubei Province, China (Grant no.19Y064) and the Humanities and Social Sciences of Hubei Province-Enterprise Decision Support Research Center, China (Grant no. DSS20190106).
© ICMSEM 2023
- Environmental analysis
- Listed company
- Sustainable development