{"id":"https://openalex.org/W4388198240","doi":"https://doi.org/10.1080/00207721.2023.2270402","title":"Research on investment incorporating both environmental performance and long (short) term financial performance of firms","display_name":"Research on investment incorporating both environmental performance and long (short) term financial performance of firms","publication_year":2023,"publication_date":"2023-10-25","ids":{"openalex":"https://openalex.org/W4388198240","doi":"https://doi.org/10.1080/00207721.2023.2270402"},"language":"en","primary_location":{"id":"doi:10.1080/00207721.2023.2270402","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00207721.2023.2270402","pdf_url":null,"source":{"id":"https://openalex.org/S129640837","display_name":"International Journal of Systems Science","issn_l":"0020-7721","issn":["0020-7721","1464-5319"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Systems Science","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100441194","display_name":"Liang Li","orcid":"https://orcid.org/0000-0002-1577-408X"},"institutions":[{"id":"https://openalex.org/I70908550","display_name":"Anhui Polytechnic University","ror":"https://ror.org/041sj0284","country_code":"CN","type":"education","lineage":["https://openalex.org/I70908550"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Liang Li","raw_affiliation_strings":["School of Mathematics-Physics and Finance, Anhui Polytechnic University, Wuhu, People's Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Mathematics-Physics and Finance, Anhui Polytechnic University, Wuhu, People's Republic of China","institution_ids":["https://openalex.org/I70908550"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100727328","display_name":"Chen Fei","orcid":"https://orcid.org/0000-0003-2024-6422"},"institutions":[{"id":"https://openalex.org/I148128674","display_name":"University of Shanghai for Science and Technology","ror":"https://ror.org/00ay9v204","country_code":"CN","type":"education","lineage":["https://openalex.org/I148128674"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Chen Fei","raw_affiliation_strings":["Business School, University of Shanghai for Science and Technology, Shanghai, People's Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Business School, University of Shanghai for Science and Technology, Shanghai, People's Republic of China","institution_ids":["https://openalex.org/I148128674"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5038372877","display_name":"Weiyin Fei","orcid":"https://orcid.org/0000-0001-9864-4258"},"institutions":[{"id":"https://openalex.org/I70908550","display_name":"Anhui Polytechnic University","ror":"https://ror.org/041sj0284","country_code":"CN","type":"education","lineage":["https://openalex.org/I70908550"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Weiyin Fei","raw_affiliation_strings":["School of Mathematics-Physics and Finance, Anhui Polytechnic University, Wuhu, People's Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Mathematics-Physics and Finance, Anhui Polytechnic University, Wuhu, People's Republic of China","institution_ids":["https://openalex.org/I70908550"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5100727328"],"corresponding_institution_ids":["https://openalex.org/I148128674"],"apc_list":null,"apc_paid":null,"fwci":3.163,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.91544515,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"55","issue":"2","first_page":"273","last_page":"299"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10880","display_name":"Environmental Sustainability in Business","score":0.9977999925613403,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10880","display_name":"Environmental Sustainability in Business","score":0.9977999925613403,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.9965000152587891,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.9900000095367432,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.49798035621643066},{"id":"https://openalex.org/keywords/profit","display_name":"Profit (economics)","score":0.48827409744262695},{"id":"https://openalex.org/keywords/principal\u2013agent-problem","display_name":"Principal\u2013agent problem","score":0.47911787033081055},{"id":"https://openalex.org/keywords/incentive","display_name":"Incentive","score":0.4784238934516907},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.47306525707244873},{"id":"https://openalex.org/keywords/bankruptcy","display_name":"Bankruptcy","score":0.44073086977005005},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.42790839076042175},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"Information asymmetry","score":0.4268644452095032},{"id":"https://openalex.org/keywords/sustainability","display_name":"Sustainability","score":0.4192831218242645},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.41666775941848755},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.3684558570384979},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.3396492004394531},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.27856218814849854}],"concepts":[{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.49798035621643066},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.48827409744262695},{"id":"https://openalex.org/C200707436","wikidata":"https://www.wikidata.org/wiki/Q1053211","display_name":"Principal\u2013agent problem","level":3,"score":0.47911787033081055},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.4784238934516907},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.47306525707244873},{"id":"https://openalex.org/C504631918","wikidata":"https://www.wikidata.org/wiki/Q152074","display_name":"Bankruptcy","level":2,"score":0.44073086977005005},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.42790839076042175},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.4268644452095032},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.4192831218242645},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.41666775941848755},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3684558570384979},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3396492004394531},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.27856218814849854},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/00207721.2023.2270402","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00207721.2023.2270402","pdf_url":null,"source":{"id":"https://openalex.org/S129640837","display_name":"International Journal of Systems Science","issn_l":"0020-7721","issn":["0020-7721","1464-5319"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Systems Science","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:tsysxx:v:55:y:2024:i:2:p:273-299","is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/00207721.2023.2270402","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[{"id":"https://openalex.org/G7810495336","display_name":null,"funder_award_id":"62273003","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":47,"referenced_works":["https://openalex.org/W70169678","https://openalex.org/W316950563","https://openalex.org/W644361365","https://openalex.org/W1738524706","https://openalex.org/W1969645062","https://openalex.org/W1986470012","https://openalex.org/W2029130421","https://openalex.org/W2046641729","https://openalex.org/W2090368673","https://openalex.org/W2243731871","https://openalex.org/W2300469366","https://openalex.org/W2546050680","https://openalex.org/W2553361667","https://openalex.org/W2736341542","https://openalex.org/W2770259229","https://openalex.org/W2775956668","https://openalex.org/W2804172264","https://openalex.org/W2853643902","https://openalex.org/W2898735322","https://openalex.org/W2917976535","https://openalex.org/W2925322046","https://openalex.org/W2968969720","https://openalex.org/W2971327090","https://openalex.org/W2990170142","https://openalex.org/W2990652085","https://openalex.org/W2996233037","https://openalex.org/W3093925089","https://openalex.org/W3095341577","https://openalex.org/W3115697111","https://openalex.org/W3122428827","https://openalex.org/W3123402827","https://openalex.org/W3123476291","https://openalex.org/W3123932338","https://openalex.org/W3125661393","https://openalex.org/W3134177966","https://openalex.org/W3207623740","https://openalex.org/W3208653025","https://openalex.org/W3216502380","https://openalex.org/W4200216383","https://openalex.org/W4225984259","https://openalex.org/W4281253975","https://openalex.org/W4292198165","https://openalex.org/W4296745484","https://openalex.org/W4311976386","https://openalex.org/W4321230336","https://openalex.org/W4379034026","https://openalex.org/W6662604676"],"related_works":["https://openalex.org/W2179014274","https://openalex.org/W2734525518","https://openalex.org/W3122549952","https://openalex.org/W4247025800","https://openalex.org/W577805051","https://openalex.org/W326514058","https://openalex.org/W2386998878","https://openalex.org/W3048065776","https://openalex.org/W1966794554","https://openalex.org/W1988969470"],"abstract_inverted_index":{"Firstly,":[0],"with":[1,191],"the":[2,6,10,13,20,29,33,42,48,65,82,87,98,135,141,144,152,162,166,169,186,197,201,219,225,233,236],"rapid":[3],"popularisation":[4],"of":[5,12,15,22,35,84,100,127,140,146,154,168,196,203,221,227,235,239],"ESG":[7],"concept":[8],"and":[9,17,27,32,53,62,75,118,129,137,165,172,209,224,241,244],"deepening":[11],"conception":[14],"green":[16,36,119,204],"low-carbon":[18],"development,":[19,64],"performance":[21,175],"a":[23,91],"firm":[24,49,66,92,128,192],"in":[25,55,90,97],"protecting":[26],"improving":[28],"ecological":[30],"environment":[31],"level":[34,220],"technology":[37,120,205],"investment":[38,121,188,212],"has":[39,50],"gradually":[40],"become":[41],"reference":[43],"criteria":[44],"for":[45,71,134],"judging":[46],"whether":[47],"social":[51],"value":[52],"sustainability":[54],"development.":[56],"Secondly,":[57],"to":[58,81,108,218,231],"pursue":[59],"short-term":[60,72,173,207,242],"survival":[61,136],"long-term":[63,76,210],"will":[67],"also":[68],"vigorously":[69],"strive":[70],"profit":[73],"creation":[74],"capital":[77,211],"accumulation.":[78],"Thirdly,":[79],"due":[80],"existence":[83],"information":[85],"asymmetry,":[86],"principal-agent":[88],"parties":[89],"may":[93,106],"generate":[94],"agency":[95,130],"conflicts":[96,131],"pursuit":[99],"maximising":[101],"their":[102],"own":[103],"interests,":[104],"which":[105],"lead":[107],"losses":[109],"or":[110],"even":[111],"bankruptcy.":[112],"Therefore,":[113],"making":[114],"rational":[115],"short-term,":[116],"long-term,":[117],"decisions":[122,202],"that":[123,160,200],"consider":[124],"both":[125],"characteristics":[126],"is":[132],"essential":[133],"sustainable":[138],"development":[139],"firm.":[142],"From":[143],"perspective":[145],"contract":[147,159],"theory,":[148],"this":[149,181],"paper":[150],"considers":[151,161],"design":[153],"an":[155],"optimal":[156,187],"dynamic":[157],"financial":[158,174,222],"environment's":[163],"improvement":[164],"achievement":[167,234],"firm's":[170],"long-":[171,240],"while":[176],"satisfying":[177],"incentive":[178],"compatibility.":[179],"On":[180],"basis,":[182],"we":[183],"explore":[184],"how":[185],"strategies":[189],"vary":[190],"characteristics.":[193],"The":[194],"results":[195],"study":[198],"suggest":[199],"investment,":[206,208],"should":[213],"be":[214],"appropriately":[215],"adjusted":[216],"according":[217],"slack":[223],"effect":[226],"different":[228],"market":[229],"shocks":[230],"facilitate":[232],"dual":[237],"objectives":[238],"profitability":[243],"environmental":[245],"improvement.":[246]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":6},{"year":2023,"cited_by_count":1}],"updated_date":"2026-06-14T06:11:07.267592","created_date":"2025-10-10T00:00:00"}
