Energy- and resource-saving technology investments – Do they pay off?
Many research exists on the subject of Corporate Environmental Responsibility (CER) and its relationship with Corporate Financial Performance (CFP) and results are divided. Therefore, the goal of this study is to find out how this relationship between CER and CFP looks like in the manufacturing industry. To achieve this goal, the following research question is proposed: “To what extent do investments in new resource- and energy-saving technologies affect firm’s costs and revenues independently and to what extent is this potential relationship conditioned by certain capabilities of the organization as well as its management’s cognition and framing of the potential rewards of such investments?” To answer this research question, a mixed-methods study is performed which consists out of a survey (n=176) and four interviews. The survey results are obtained from the European Manufacturing Survey (EMS) and the interviews are held with managers of Dutch manufacturing firms. Two multiple linear regression analyses are performed in order to test hypotheses. Based on the multiple regression results it can be concluded that firms who want to increase their revenues from energy- and resource-saving investments, should combine this with investments in organizational capabilities, e.g., training, R&D, and cooperation.
Faculteit der Managementwetenschappen