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Being green as an instrument for increasing firm value: case of US transport and logistics companies

Author

Listed:
  • Angi E. Skhvediani
  • Svetlana S. Gutman
  • Maria A. Rodionova
  • Julia A. Perfilova

Abstract

The article investigates the factors that affect the corporate value (Tobin's Q) of 57 US logistics companies. The research considers financial indicators such as ROI, ROTE, P/E ratio, company's operating efficiency, financial leverage, EPS and net income suggestive of a firm's earning capacity and a non-financial dummy variable 'green' which indicates whether a particular logistics company implements green practices and technologies in its operations. The results of the research indicate that there is a positive and significant relationship between Tobin's Q and P/E ratio, ROA and a green indicator. A negative and significant relationship was found between Tobin's Q and ROI and EPS. Also, the article investigated individual interaction effects with the 'green' variable and other financial indicators. The results indicate a negative and significant relationship between Tobin's Q and value of ROTE and EPS of green logistics companies.

Suggested Citation

  • Angi E. Skhvediani & Svetlana S. Gutman & Maria A. Rodionova & Julia A. Perfilova, 2024. "Being green as an instrument for increasing firm value: case of US transport and logistics companies," International Journal of Logistics Systems and Management, Inderscience Enterprises Ltd, vol. 47(1), pages 105-124.
    • Handle: RePEc:ids:ijlsma:v:47:y:2024:i:1:p:105-124
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