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Linking Environmental and Financial Performance for Privately Owned Firms: Some Evidence from Australia

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  • Wei Qian
  • Ke Xing

Abstract

The debate over whether the “green” strategy pays off has been centered overwhelmingly within large public firms. It remains unclear whether “being green” matters to smaller firms such as privately owned or family controlled firms, which are equally heavy polluters but subject to much less public scrutiny. Using a sample of 138 private companies registered in the Australian National Greenhouse and Energy Reporting database over the 2009–2013 period, this study finds that embracing environmental/carbon responsibility has helped these companies gain higher financial returns. However, reducing carbon emissions has not paid off for environmentally sensitive firms, although lowering energy consumption is evidenced to be value creation.

Suggested Citation

  • Wei Qian & Ke Xing, 2018. "Linking Environmental and Financial Performance for Privately Owned Firms: Some Evidence from Australia," Journal of Small Business Management, Taylor & Francis Journals, vol. 56(2), pages 330-347, April.
    • Handle: RePEc:taf:ujbmxx:v:56:y:2018:i:2:p:330-347
    DOI: 10.1111/jsbm.12261
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    Cited by:

    1. Helfaya, Akrum & Aboud, Ahmed & Amin, Essam, 2023. "An examination of corporate environmental goals disclosure, sustainability performance and firm value – An Egyptian evidence," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 52(C).
    2. Chen, Jingyuan & Calabrese, Raffaella & Cowling, Marc, 2024. "Does energy efficiency of UK SMEs affect their access to finance?," Energy Economics, Elsevier, vol. 129(C).
    3. Gomes Adriana Maria Silva & de Sousa Paulo Sérgio Amaral & Moreira Maria do Rosário Alves, 2023. "Having a better environmental performance translates into a better financial performance: A study of the European food industry," Environmental & Socio-economic Studies, Sciendo, vol. 11(3), pages 1-13, September.

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