IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2017-01-14.html
   My bibliography  Save this article

Relation between Environmental Impact and Financial Structure of Cement Industry

Author

Listed:
  • Engin Demirel

    (Faculty of Economics and Administrative Sciences, Trakya University, Balkan Campus, Edirne 22030, Turkey)

  • lknur Eskin

    (Uzunk pr School of Applied Sciences, Trakya University, Uzunkopru Campus, Edirne 22300, Turkey)

Abstract

This study aims to investigate financial structure of cement firms, which facing environmental regulations and impacts. In this study financial ratio of 16 cement firms that are listed in Istanbul stock exchange analyzed for the years 2011-2013. The key concept of this research is related to which debt ratios and financial structure are mainly affected by environmental data at cement firms on an emerging market. We developed two equations in order to analyze the relation between environment and financial structure. We found that there is a significant relation on emission levels while there is no significant relation on carbon dioxide levels with financial ratios. Sales, gross profit margins, current ratios have positive impact on industry emission levels. Moreover, earnings before interest and tax, liquidity ratio, financial leverage ratio and accounts receivable turnover ratios have negative impact on industry emission levels.

Suggested Citation

  • Engin Demirel & lknur Eskin, 2017. "Relation between Environmental Impact and Financial Structure of Cement Industry," International Journal of Energy Economics and Policy, Econjournals, vol. 7(1), pages 129-134.
    • Handle: RePEc:eco:journ2:2017-01-14
    as

    Download full text from publisher

    File URL: http://www.econjournals.com/index.php/ijeep/article/download/3688/2419
    Download Restriction: no
    File URL: http://www.econjournals.com/index.php/ijeep/article/view/3688/2419
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wen-Hsien Tsai & Wei-Hong Lin, 2024. "Production Decision Model for the Cement Industry in Pursuit of Carbon Neutrality: Analysis of the Impact of Carbon Tax and Carbon Credit Costs," Sustainability, MDPI, vol. 16(6), pages 1-22, March.
    2. 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.

    More about this item

    Keywords

    Cement Industry; Environmental Impact; Financial Ratio; Panel Data Models;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics

    Statistics

    Access and download statistics

    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:eco:journ2:2017-01-14. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.