Do Greenhouse Gas Emissions Affect Financial Performance? – an Empirical Examination of Australian Public Firms
Author
Abstract
Suggested Citation
DOI: 10.1002/bse.1790
Download full text from publisher
References listed on IDEAS
- Shameek Konar & Mark A. Cohen, 2001. "Does The Market Value Environmental Performance?," The Review of Economics and Statistics, MIT Press, vol. 83(2), pages 281-289, May.
- Andreas Ziegler & Timo Busch & Volker H. Hoffmann, 2009. "Corporate Responses to Climate Change and Financial Performance: The Impact of Climate Policy," CER-ETH Economics working paper series 09/105, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Busch, Timo & Hoffmann, Volker H., 2007. "Emerging carbon constraints for corporate risk management," Ecological Economics, Elsevier, vol. 62(3-4), pages 518-528, May.
- Kjetil Telle, 2006.
"“It Pays to be Green” – A Premature Conclusion?,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 35(3), pages 195-220, November.
- Kjetil Telle & Iulie Aslaksen & Terje Synnestvedt, 2004. ""It pays to be green" - a premature conclusion?," Discussion Papers 394, Statistics Norway, Research Department.
- Stuart L. Hart & Gautam Ahuja, 1996. "Does It Pay To Be Green? An Empirical Examination Of The Relationship Between Emission Reduction And Firm Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 5(1), pages 30-37, March.
- Su‐Yol Lee, 2012. "Corporate Carbon Strategies in Responding to Climate Change," Business Strategy and the Environment, Wiley Blackwell, vol. 21(1), pages 33-48, January.
- Kimitaka Nishitani & Katsuhiko Kokubu, 2012. "Why Does the Reduction of Greenhouse Gas Emissions Enhance Firm Value? The Case of Japanese Manufacturing Firms," Business Strategy and the Environment, Wiley Blackwell, vol. 21(8), pages 517-529, December.
- Satu Pätäri & Ari Jantunen & Kalevi Kyläheiko & Jaana Sandström, 2012. "Does Sustainable Development Foster Value Creation? Empirical Evidence from the Global Energy Industry," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 19(6), pages 317-326, November.
- Jacquelyn Humphrey & Darren Lee, 2011. "Australian Socially Responsible Funds: Performance, Risk and Screening Intensity," Journal of Business Ethics, Springer, vol. 102(4), pages 519-535, September.
- Rory Sullivan, 2009. "The management of greenhouse gas emissions in large European companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 16(6), pages 301-309, November.
- Griffiths, Andrew & Haigh, Nardia & Rassias, Jenine, 2007. "A Framework for Understanding Institutional Governance Systems and Climate Change:: The Case of Australia," European Management Journal, Elsevier, vol. 25(6), pages 415-427, December.
- Stewart Jones & Sandra van der Laan & Geoff Frost & Janice Loftus, 2008. "The Investment Performance of Socially Responsible Investment Funds in Australia," Journal of Business Ethics, Springer, vol. 80(2), pages 181-203, June.
- Andrew A. King & Michael J. Lenox, 2001. "Does It Really Pay to Be Green? An Empirical Study of Firm Environmental and Financial Performance: An Empirical Study of Firm Environmental and Financial Performance," Journal of Industrial Ecology, Yale University, vol. 5(1), pages 105-116, January.
- Hayam Wahba, 2008. "Does the market value corporate environmental responsibility? An empirical examination," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 15(2), pages 89-99, March.
- Chin Hee Hahn & Sang-Hyop Lee & Kyoung-Soo Yoon (ed.), 2012. "Responding to Climate Change," Books, Edward Elgar Publishing, number 14709.
- Olivier Boiral, 2005. "The impact of operator involvement in pollution reduction: case studies in Canadian chemical companies," Business Strategy and the Environment, Wiley Blackwell, vol. 14(6), pages 339-360, November.
- Olivier Boiral & Jean‐François Henri & David Talbot, 2012. "Modeling the Impacts of Corporate Commitment on Climate Change," Business Strategy and the Environment, Wiley Blackwell, vol. 21(8), pages 495-516, December.
- Larelle Chapple & Peter M. Clarkson & Daniel L. Gold, 2013. "The Cost of Carbon: Capital Market Effects of the Proposed Emission Trading Scheme ( ETS )," Abacus, Accounting Foundation, University of Sydney, vol. 49(1), pages 1-33, March.
- Isabel Gallego Alvarez, 2012. "Impact of CO2 Emission Variation on Firm Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 21(7), pages 435-454, November.
- Glen Dowell & Stuart Hart & Bernard Yeung, 2000. "Do Corporate Global Environmental Standards Create or Destroy Market Value?," Management Science, INFORMS, vol. 46(8), pages 1059-1074, August.
- Denis, David J. & Denis, Diane K. & Sarin, Atulya, 1994. "The Information Content of Dividend Changes: Cash Flow Signaling, Overinvestment, and Dividend Clienteles," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 29(4), pages 567-587, December.
- Amy J. Hillman & Gerald D. Keim, 2001. "Shareholder value, stakeholder management, and social issues: what's the bottom line?," Strategic Management Journal, Wiley Blackwell, vol. 22(2), pages 125-139, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Markus Hang & Jerome Geyer‐Klingeberg & Andreas W. Rathgeber, 2019. "It is merely a matter of time: A meta‐analysis of the causality between environmental performance and financial performance," Business Strategy and the Environment, Wiley Blackwell, vol. 28(2), pages 257-273, February.
- Lee, Ki-Hoon & Min, Byung & Yook, Keun-Hyo, 2015. "The impacts of carbon (CO2) emissions and environmental research and development (R&D) investment on firm performance," International Journal of Production Economics, Elsevier, vol. 167(C), pages 1-11.
- Francesca Di Pillo & Massimo Gastaldi & Nathan Levialdi & Michela Miliacca, 2017. "Environmental Performance Versus Economic-financial Performance: Evidence from Italian Firms," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 98-108.
- Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.
- Christian Felix Böttcher & Martin Müller, 2015. "Drivers, Practices and Outcomes of Low‐carbon Operations: Approaches of German Automotive Suppliers to Cutting Carbon Emissions," Business Strategy and the Environment, Wiley Blackwell, vol. 24(6), pages 477-498, September.
- Surender Kumar & Pritika Dua, 2022.
"Environmental management practices and financial performance: evidence from large listed Indian enterprises,"
Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 65(1), pages 37-61, January.
- Surender Kumar & Pritika Dua, 2021. "Environmental Management Practices and Financial Performance:Evidence from Large Listed Indian Enterprises," Working papers 314, Centre for Development Economics, Delhi School of Economics.
- repec:eco:journ2:2017-04-23 is not listed on IDEAS
- Wolfgang Schultze & Ramona Trommer, 2012. "The concept of environmental performance and its measurement in empirical studies," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 22(4), pages 375-412, January.
- Roel Brouwers & Frederiek Schoubben & Cynthia Van Hulle, 2018. "The influence of carbon cost pass through on the link between carbon emission and corporate financial performance in the context of the European Union Emission Trading Scheme," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1422-1436, December.
- Fabio Pizzutilo & Massimo Mariani & Alessandra Caragnano & Marianna Zito, 2020. "Dealing with Carbon Risk and the Cost of Debt: Evidence from the European Market," IJFS, MDPI, vol. 8(4), pages 1-10, October.
- Nazim Hussain & Ugo Rigoni & Elisa Cavezzali, 2018. "Does it pay to be sustainable? Looking inside the black box of the relationship between sustainability performance and financial performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1198-1211, November.
- Fauzias Mat Nor & Amir Shaharuddin & Ainulashikin Marzuki & Nur Ainna Ramli, 2019. "Revised Malaysian Shariah Screening: Its Impact on Islamic Capital Market," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(1), pages 17-30, June.
- Albert Czerny & Peter Letmathe, 2017. "Eco‐efficiency: GHG reduction related environmental and economic performance. The case of the companies participating in the EU Emissions Trading Scheme," Business Strategy and the Environment, Wiley Blackwell, vol. 26(6), pages 791-806, September.
- Horváthová, Eva, 2010. "Does environmental performance affect financial performance? A meta-analysis," Ecological Economics, Elsevier, vol. 70(1), pages 52-59, November.
- Christoph Trumpp & Thomas Guenther, 2017. "Too Little or too much? Exploring U‐shaped Relationships between Corporate Environmental Performance and Corporate Financial Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 26(1), pages 49-68, January.
- Justin Hung Nguyen, 2018. "Carbon risk and firm performance: Evidence from a quasi-natural experiment," Australian Journal of Management, Australian School of Business, vol. 43(1), pages 65-90, February.
- Scott J. Callan & Janet M. Thomas, 2009. "Corporate financial performance and corporate social performance: an update and reinvestigation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 16(2), pages 61-78, March.
- Mohammed Bouaddi & Mohamed A. K. Basuony & Neveen Noureldin, 2023. "The Heterogenous Effects of Carbon Emissions and Board Gender Diversity on a Firm’s Performance," Sustainability, MDPI, vol. 15(19), pages 1-20, October.
- Scott J. Callan & Janet M. Thomas, 2011. "Executive compensation, corporate social responsibility, and corporate financial performance: a multi‐equation framework," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 18(6), pages 332-351, November.
- Horváthová, Eva, 2012. "The impact of environmental performance on firm performance: Short-term costs and long-term benefits?," Ecological Economics, Elsevier, vol. 84(C), pages 91-97.
- Ozgur Isil & Rose Sebastianelli, 2020. "Arcs of carbon awareness in the value chain and their antecedents," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 503-518, February.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:bstrat:v:23:y:2014:i:8:p:505-519. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-0836 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.