Eco-Efficiency: Environmental Performance vs Economic Performance

  1. Felipe Manuel Rosa González 1
  2. Pilar Pérez-Gómez 1
  3. Antonio Arbelo 1
  4. Libertad Ramos
  1. 1 Universidad de La Laguna
    info

    Universidad de La Laguna

    San Cristobal de La Laguna, España

    ROR https://ror.org/01r9z8p25

Journal:
Management Studies

ISSN: 2328-2185

Year of publication: 2014

Volume: 2

Issue: 4

Pages: 239-253

Type: Article

Abstract

The second half of the 20th century was characterized by an increasing interest in the pace of economic growth and its impact on the environment. As a result, the concept of eco-efficiency as a philosophy of management has arisen, which combines the excellence of the environment and business. This paper uses the distribution-free approach to provide empirical evidence in relation to the eco-efficiency paradigm by studying the relation between environmental performance (measured by the level of emissions of air-contaminating substances) and economic performance (approximated by economic efficiency), in 199 companies from mineral manufacturing industry in Spain between 2004 and 2007. The empirical analysis shows that the results are consistent with the paradigm of eco-efficiency and therefore it can be concluded that being responsible for the environment is positively related to economic efficiency.

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