The Effects of Corporate Environmental Practices on Financial Performance of Global Companies
The purpose of this paper is to examine the relationship between companies environmental management practices and their financial performance. We study a sample of the 500 largest public U.S. companies and we use Newsweeks Green Ranking index to predict future financial performance a year later. After controlling for size, industry concentration, firms growth rate and risk, we are unable to find a significant effect. Therefore, we conclude that environmental practices have neither a positive nor a negative effect on financial performance. Further research could study a longer time horizon by taking longer time-lags into account.
Environmental management financial performance
J.D.van Iwaarden I.Angelova A.Mladenov A.Dobreva
Rotterdam School of Management,Erasmus University,Rotterdam,The Netherlands
国际会议
厦门
英文
604-608
2010-10-29（万方平台首次上网日期，不代表论文的发表时间）