Exogenous or Endogenous? An Integrated Spatial Perspective on Energy Corporates' Environmental Performance: The Efficiency Mechanisms of Knowledge from Major Cities

Abstract

As one of the most concerned topics in environmental protection, the environmental performance of energy firms is extensively studied while little notices the influence of firms' geo-location and major cities. To bridge this gap, we analyse the efficiency mechanism that links major cities and corporate environmental performance by integrating exogenous and endogenous spatial perspective. We find that through knowledge transfer and conversion, firms close to major cities centers could acquire more CEP knowledge from local stakeholders, and thereby improving environmental performance. The results are discussed along with managerial implications.