The association between corporate environmental and financial performance
Advances in Accountability: Regulation, Research, Gender and Justice
ISBN: 978-0-76230-518-6, eISBN: 978-1-84950-030-2
Publication date: 6 April 2001
Abstract
We compare differences in performance for samples of firms classified as good, average, and poor environmental performers by the Council for Economic Priorities. Test results suggest that both environmentally “good” and “average” firms significantly outperform environmentally “poor” firms. These results are consistent with poor environmental performers being poorly managed and/or with market participants penalizing corporate polluters. Implications for expanded environmental disclosure are discussed.
Citation
Vafeas, N. and Nikolaou, V. (2001), "The association between corporate environmental and financial performance", Lehman, C.R. (Ed.) Advances in Accountability: Regulation, Research, Gender and Justice (Advances in Public Interest Accounting, Vol. 8), Emerald Group Publishing Limited, Leeds, pp. 195-214. https://doi.org/10.1016/S1041-7060(01)08010-5
Publisher
:Emerald Group Publishing Limited
Copyright © 2001, Emerald Group Publishing Limited