The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Does the market value corporate environmental responsibility? An empirical examination
Abstract
Although researchers have applied different theoretical perspectives to illustrate the relationship between corporate environmental responsibility and profitability, to date theories are contested and empirical findings are inconclusive. Therefore, the aim of this research was to present empirical evidence regarding the influence of engaging in environmental responsibility on corporate market value, as the first study to be applied in the Egyptian context. The findings demonstrate that the market compensates those firms that care for their environment, as environmental responsibility exerted a positive and significant coefficient on the firm market value measured by Tobin's q ratio. This aligns stakeholder theory as well as resource‐based theory arguments, and provides supporting evidence for those studies that have concluded that it pays to be environmentally responsive. Copyright © 2007 John Wiley & Sons, Ltd and ERP Environment.
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Cites
Specification Tests in Econometrics
Hausman, J. A. (1978) · Econometrica · doi:10.2307/1913827 · Cited by 18,820
Toward a New Conception of the Environment-Competitiveness Relationship
Porter, M. E., & Linde, C. V. D. (1995) · Journal of Economic Perspectives · doi:10.1257/jep.9.4.97 · Cited by 13,365
The Social Responsibility of Business Is to Increase Its Profits
Friedman, M. (2007) · Corporate Ethics and Corporate Governance · doi:10.1007/978-3-540-70818-6_14 · Cited by 11,529
A Simple Approximation of Tobin's q
Chung, K. H., & Pruitt, S. W. (1994) · Financial Management · doi:10.2307/3665623 · Cited by 2,460
Environmental disclosures, regulatory costs, and changes in firm value
Blacconiere, W. G., & Patten, D. M. (1994) · Journal of Accounting and Economics · doi:10.1016/0165-4101(94)90026-4 · Cited by 782
Cited by
Kramar, R. (2014) · The International Journal of Human Resource Management · doi:10.1080/09585192.2013.816863 · Cited by 960
Corporate Environmental Responsibility and Firm Risk
Cai, L., Cui, J., & Jo, H. (2016) · Journal of Business Ethics · doi:10.1007/s10551-015-2630-4 · Cited by 406
Shahwan, T. M. (2015) · Corporate Governance · doi:10.1108/cg-11-2014-0140 · Cited by 276
Metadata
- Authors
- Wahba, H.
- Venue
- Corporate Social Responsibility and Environmental Management
- Publisher
- Wiley
- Published
- 2007-08-06
- Volume
- 15
- Issue
- 2
- Pages
- 89-99
- ISSN
- 1535-3958 (ISSN-L)
- 1535-3966
- OpenAlex
- W2058004137
- Cited by
- 335
- References
- 5
- FWCI
- 24.85
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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