The investment-return-environment triangle in Cleaner Production projects

Bilal, B; Mehjabeen; Rafia, J

The investment-return-environment triangle in Cleaner Production projects

Bilal, B Mehjabeen Rafia, J

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Publisher:: Elsevier BV
Publication Type:: Journal Article
Citation:: Sustainable Production and Consumption, 2019, 19 pp. 161 - 168
Issue Date:: 2019-07

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Field	Value	Language
dc.contributor.author	Bilal, B	en_US
dc.contributor.author	Mehjabeen	en_US
dc.contributor.author	Rafia, J	en_US
dc.date.issued	2019-07	en_US
dc.identifier.citation	Sustainable Production and Consumption, 2019, 19 pp. 161 - 168	en_US
dc.identifier.issn	2352-5509	en_US
dc.identifier.uri	http://hdl.handle.net/10453/139232
dc.description.abstract	This paper empirically examines the relationship between environmental investment, financial and environmental return. We tested this relationship with an analysis of 80 Cleaner Production projects, using an ordinary least squares (OLS) regression. Our results indicate that there is non-linear relationship between these variables. We find that the effect of the environmental investment on financial and environmental return takes an inverted U-shaped curve; this suggests that there is an optimal point of environmental investment and that the environmental investment is a stronger factor than environmental return in explaining the financial return. Regarding the bi-directional relationship between financial return and environmental return, our results follow a bi-directional quadratic relationship (inverted-U curve), where the environmental return is strongly affected by financial return but has a limited effect on financial return.	en_US
dc.language	en	en_US
dc.publisher	Elsevier BV	en_US
dc.relation.ispartof	Sustainable Production and Consumption	en_US
dc.relation.isbasedon	10.1016/j.spc.2019.03.007	en_US
dc.rights	info:eu-repo/semantics/closedAccess
dc.title	The investment-return-environment triangle in Cleaner Production projects	en_US
dc.type	Journal Article
utslib.citation.volume	19	en_US
utslib.for	0502 Environmental Science and Management	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1604 Human Geography	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Marketing Discipline
utslib.copyright.status	closed_access	*
pubs.consider-herdc	true	en_US
pubs.publication-status	Published	en_US
pubs.volume	19	en_US

Abstract:

This paper empirically examines the relationship between environmental investment, financial and environmental return. We tested this relationship with an analysis of 80 Cleaner Production projects, using an ordinary least squares (OLS) regression. Our results indicate that there is non-linear relationship between these variables. We find that the effect of the environmental investment on financial and environmental return takes an inverted U-shaped curve; this suggests that there is an optimal point of environmental investment and that the environmental investment is a stronger factor than environmental return in explaining the financial return. Regarding the bi-directional relationship between financial return and environmental return, our results follow a bi-directional quadratic relationship (inverted-U curve), where the environmental return is strongly affected by financial return but has a limited effect on financial return.

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http://hdl.handle.net/10453/139232