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Impact of climate change mitigation policies on corporate financial performance: Evidence‐based on European publicly listed firms

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  • Silvana Secinaro
  • Valerio Brescia
  • Davide Calandra
  • Buerhan Saiti

Abstract

This study examines the relationship between climate change and firm performance in the context of European publicly listed companies. We conduct a multivariate regression analysis using Corporate Environmental Performance and Corporate Financial Performance as independent and dependent variables, respectively. A financial statement analysis of European publicly traded firms with high environmental performance shows that they register high corporate financial performance. Environmental performance positively impacts financial performance (β = .013, p‐value

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  • Silvana Secinaro & Valerio Brescia & Davide Calandra & Buerhan Saiti, 2020. "Impact of climate change mitigation policies on corporate financial performance: Evidence‐based on European publicly listed firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2491-2501, November.
    • Handle: RePEc:wly:corsem:v:27:y:2020:i:6:p:2491-2501
    DOI: 10.1002/csr.1971
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