Environmental and Financial Performance: Review of Selected Studies
Environmental and Financial Performance: Review of Selected Studies
Author(s): Slavica Stevanović, Olivera Jovanović, Aida HanićSubject(s): Economy
Published by: Institut ekonomskih nauka
Keywords: environmental performance;financial performance;emissions;waste;environmental disclosure;companies;
Summary/Abstract: The main objective of this paper is to examine selected literature on the relationship between environmental performance and financial performance on firm-level. Specific objectives are defined in accordance with the observed group of environmental performance measures. We decided to investigate environmental performance measured that refer to pollutant emissions, waste, and environmental disclosures. Examined studies cover different periods, regions, and companies. In observed literature, we found mixed results. The results depend on many factors such as the used environmental measures, the financial performance measure, the control variables, the industry type, and the characteristics of companies.
Journal: Economic Analysis
- Issue Year: 52/2019
- Issue No: 2
- Page Range: 113-127
- Page Count: 15
- Language: English