The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
The impact of environmental performance on firm performance: static and dynamic panel data evidence
Abstract
Abstract There is a long-standing debate on the impact of environmental performance on firm performance. Although previous studies have reported mixed results, many of these papers suffer from model misspecification and/or limited data. A conspicuous gap in the literature is the inability of authors to control for firm heterogeneity and dynamic effects. In this paper, we conduct static and dynamic panel data analysis of the impact of environmental performance on financial performance. Our evidence implies that environmental performance has a neutral impact on firm performance. This finding is consistent with theoretical work suggesting that firms invest in environmental initiatives until the point where the marginal cost of such investments equals the marginal benefit.
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Citations
Cites
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
A Simple Approximation of Tobin's q
Chung, K. H., & Pruitt, S. W. (1994) · Financial Management · doi:10.2307/3665623 · Cited by 2,460
Porter, M. E. (1991) · Scientific American · doi:10.1038/scientificamerican0491-168 · Cited by 1,540
Cited by
Zhu, Q., & Sarkis, J. (2007) · International Journal of Production Research · doi:10.1080/00207540701440345 · Cited by 1,235
Green R&D for eco-innovation and its impact on carbon emissions and firm performance
Lee, K.-H., & Min, B. (2015) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2015.05.114 · Cited by 1,028
Sustainable Development and Financial Markets: Old Paths and New Avenues
Busch, T., Bauer, R., & Orlitzky, M. (2016) · Business & Society · doi:10.1177/0007650315570701 · Cited by 462
Dynamics of Environmental and Financial Performance: The Case of Greenhouse Gas Emissions
Delmas, M. A., Nairn-Birch, N., & Lim, J. (2015) · Organization & Environment · doi:10.1177/1086026615620238 · Cited by 293
Shahwan, T. M. (2015) · Corporate Governance · doi:10.1108/cg-11-2014-0140 · Cited by 276
Metadata
- Authors
- Elsayed, K., & Paton, D.
- Venue
- Structural Change and Economic Dynamics
- Publisher
- Elsevier BV
- Published
- 2005-09
- Volume
- 16
- Issue
- 3
- Pages
- 395-412
- ISSN
- 0954-349X (ISSN-L)
- OpenAlex
- W1979623870
- Cited by
- 396
- References
- 3
- FWCI
- 9.99
- 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).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
