The benefits of the emissions trading mechanism for Italian firms: a multi-group analysis

P. De Giovanni, V. Esposito Vinzi

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

Purpose: The purpose of this paper is to test the impact of internal and external environmental management (EM) on performance to verify the emission trading (ET) mechanism's effectiveness. It aims to investigate whether EM that is carried out by ET firms has a higher influence on performance than EM that is carried out by no-ET firms. Design/methodology/approach: A conceptual model is drawn up based on the existing literature in green supply chain management (GSCM) and is tested on a large sample of Italian firms. A multi-group analysis in structural equation modeling allows for the estimation of the impact of internal and external EM on economic and environmental performance over the two groups. Findings: Firms under ET regime do not perform better than no-ET firms environmentally or economically; moreover, environmental collaboration is significantly less effective for ET firms. Research limitations/implications: Although the ET mechanism has been introduced by the European Union to combat and reduce the emissions, research has shown its marginal effectiveness. Data comprises only data about Italian firms. Items in the questionnaire allow for a two-year lag period. Interviewed firms have been selected according to EM criteria only. Practical implications: Firms subjected to the ET mechanism should find more effective and efficient practices to improve their environmental performance because the ET is marginally beneficial. Originality/value: The findings supply insights to managers about the real effectiveness of ET as well as to decision planners for the development of future sustainable mechanisms. © Emerald Group Publishing Limited.
Original languageEnglish
Pages (from-to)305-324
JournalInternational Journal of Physical Distribution & Logistics Management
Volume44
Issue number4
DOIs
Publication statusPublished - 2014

Fingerprint

emissions trading
Environmental management
firm
environmental management
Group
Supply chain management
performance
Managers
Multi-group analysis
Trading mechanism
Emissions trading
Economics
regime
manager
supply

Cite this

@article{41f1c80f02924565b4a4929fda829bdd,
title = "The benefits of the emissions trading mechanism for Italian firms: a multi-group analysis",
abstract = "Purpose: The purpose of this paper is to test the impact of internal and external environmental management (EM) on performance to verify the emission trading (ET) mechanism's effectiveness. It aims to investigate whether EM that is carried out by ET firms has a higher influence on performance than EM that is carried out by no-ET firms. Design/methodology/approach: A conceptual model is drawn up based on the existing literature in green supply chain management (GSCM) and is tested on a large sample of Italian firms. A multi-group analysis in structural equation modeling allows for the estimation of the impact of internal and external EM on economic and environmental performance over the two groups. Findings: Firms under ET regime do not perform better than no-ET firms environmentally or economically; moreover, environmental collaboration is significantly less effective for ET firms. Research limitations/implications: Although the ET mechanism has been introduced by the European Union to combat and reduce the emissions, research has shown its marginal effectiveness. Data comprises only data about Italian firms. Items in the questionnaire allow for a two-year lag period. Interviewed firms have been selected according to EM criteria only. Practical implications: Firms subjected to the ET mechanism should find more effective and efficient practices to improve their environmental performance because the ET is marginally beneficial. Originality/value: The findings supply insights to managers about the real effectiveness of ET as well as to decision planners for the development of future sustainable mechanisms. {\circledC} Emerald Group Publishing Limited.",
author = "{De Giovanni}, P. and {Esposito Vinzi}, V.",
year = "2014",
doi = "10.1108/IJPDLM-06-2012-0188",
language = "English",
volume = "44",
pages = "305--324",
journal = "International Journal of Physical Distribution & Logistics Management",
issn = "0960-0035",
publisher = "Emerald Group Publishing Ltd.",
number = "4",

}

The benefits of the emissions trading mechanism for Italian firms: a multi-group analysis. / De Giovanni, P.; Esposito Vinzi, V.

In: International Journal of Physical Distribution & Logistics Management, Vol. 44, No. 4, 2014, p. 305-324.

Research output: Contribution to JournalArticleAcademicpeer-review

TY - JOUR

T1 - The benefits of the emissions trading mechanism for Italian firms: a multi-group analysis

AU - De Giovanni, P.

AU - Esposito Vinzi, V.

PY - 2014

Y1 - 2014

N2 - Purpose: The purpose of this paper is to test the impact of internal and external environmental management (EM) on performance to verify the emission trading (ET) mechanism's effectiveness. It aims to investigate whether EM that is carried out by ET firms has a higher influence on performance than EM that is carried out by no-ET firms. Design/methodology/approach: A conceptual model is drawn up based on the existing literature in green supply chain management (GSCM) and is tested on a large sample of Italian firms. A multi-group analysis in structural equation modeling allows for the estimation of the impact of internal and external EM on economic and environmental performance over the two groups. Findings: Firms under ET regime do not perform better than no-ET firms environmentally or economically; moreover, environmental collaboration is significantly less effective for ET firms. Research limitations/implications: Although the ET mechanism has been introduced by the European Union to combat and reduce the emissions, research has shown its marginal effectiveness. Data comprises only data about Italian firms. Items in the questionnaire allow for a two-year lag period. Interviewed firms have been selected according to EM criteria only. Practical implications: Firms subjected to the ET mechanism should find more effective and efficient practices to improve their environmental performance because the ET is marginally beneficial. Originality/value: The findings supply insights to managers about the real effectiveness of ET as well as to decision planners for the development of future sustainable mechanisms. © Emerald Group Publishing Limited.

AB - Purpose: The purpose of this paper is to test the impact of internal and external environmental management (EM) on performance to verify the emission trading (ET) mechanism's effectiveness. It aims to investigate whether EM that is carried out by ET firms has a higher influence on performance than EM that is carried out by no-ET firms. Design/methodology/approach: A conceptual model is drawn up based on the existing literature in green supply chain management (GSCM) and is tested on a large sample of Italian firms. A multi-group analysis in structural equation modeling allows for the estimation of the impact of internal and external EM on economic and environmental performance over the two groups. Findings: Firms under ET regime do not perform better than no-ET firms environmentally or economically; moreover, environmental collaboration is significantly less effective for ET firms. Research limitations/implications: Although the ET mechanism has been introduced by the European Union to combat and reduce the emissions, research has shown its marginal effectiveness. Data comprises only data about Italian firms. Items in the questionnaire allow for a two-year lag period. Interviewed firms have been selected according to EM criteria only. Practical implications: Firms subjected to the ET mechanism should find more effective and efficient practices to improve their environmental performance because the ET is marginally beneficial. Originality/value: The findings supply insights to managers about the real effectiveness of ET as well as to decision planners for the development of future sustainable mechanisms. © Emerald Group Publishing Limited.

U2 - 10.1108/IJPDLM-06-2012-0188

DO - 10.1108/IJPDLM-06-2012-0188

M3 - Article

VL - 44

SP - 305

EP - 324

JO - International Journal of Physical Distribution & Logistics Management

JF - International Journal of Physical Distribution & Logistics Management

SN - 0960-0035

IS - 4

ER -