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Does state-holding matter the impact of business performance on environmental performance in China's manufacturers?

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DOI: 10.23977/infse.2023.040102 | Downloads: 8 | Views: 1012


Tiansen Liu 1, Yu Zhu 1, Chenggang Wang 2


1 School of Economics and Management, Harbin Engineering University, Nantong, Harbin, China
2 School of Economics and Business Administration, Heilongjiang University, Xuefu, Harbin, China

Corresponding Author

Chenggang Wang


The widespread state-holding of manufacturers and severe environmental pollution enlighten to investigate if Chinese government well coordinates the relationship between firms' business performance (operational performance, financial performance, and speed of development) and environmental performance. We use R&D investment, net profit rate, and growth to represent above 3 kinds of business performance, respectively. Empirical results show that R&D investment significantly positively interacts with environmental performance, while such state does not appear in the interaction between net profit rate as well as growth and environmental performance. Further, the moderating role of state-holding is not very positive.


Business performance; environmental performance; state-holding; China's manufacturers


Tiansen Liu, Yu Zhu, Chenggang Wang, Does state-holding matter the impact of business performance on environmental performance in China's manufacturers? Information Systems and Economics (2023) Vol. 4: 11-15. DOI:


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