The DOI matches its Crossref record; 120 of the 120 references it cites were found in a registry or an index.
Analyzing the Effect of Corporate Environmental Performance on Corporate Financial Performance in Developed and Developing Countries
Open accessAbstract
The relationship between corporate environmental performance and corporate financial performance has been extensively studied in developed countries, and has received less attention in developing countries. For this reason, the main objective of this paper is to examine the effect of corporate environmental performance on corporate financial performance during a global financial crisis, depending on the economic development level of the country where a firm is located. To this end, we obtain data for a sample of 2982 large firms from 2008 to 2015. We apply Petersen’s approach to these data, adjusting the standard errors for clustering by both firm and year. The results obtained show that the adoption of environmental practices significantly and positively affects the corporate financial performance in developed and developing countries. However, this effect is stronger for firms located in developing countries than those located in developed countries.
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Cites
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Cited by
Alsayegh, M. F., Abdul Rahman, R., & Homayoun, S. (2020) · Sustainability · doi:10.3390/su12093910 · Cited by 774
Sandberg, H., Alnoor, A., & Tiberius, V. (2023) · Business Strategy and the Environment · doi:10.1002/bse.3259 · Cited by 285
Gangi, F., Daniele, L. M., & Varrone, N. (2020) · Business Strategy and the Environment · doi:10.1002/bse.2482 · Cited by 264
Dzomonda, O. (2022) · Sustainability · doi:10.3390/su14148863 · Cited by 64
Carbon neutrality: The role of banks in optimal environmental management strategies
Chaudhry, S. M., Saeed, A., & Ahmed, R. (2021) · Journal of Environmental Management · doi:10.1016/j.jenvman.2021.113545 · Cited by 33
Metadata
- Authors
- Manrique, S., & Martí-Ballester, C.-P.
- Venue
- Sustainability
- Publisher
- MDPI AG
- Published
- 2017-10-27
- Volume
- 9
- Issue
- 11
- Pages
- 1957
- ISSN
- 2071-1050 (ISSN-L)
- OpenAlex
- W2766842210
- Cited by
- 256
- References
- 120
- FWCI
- 29.46
- Type
- journal article
- Language
- en
- Open access
- gold
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
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.
