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Corporate Environmental Performance: Determinants and Real Effects
Dianna Chang1; Xin (Simba) Chang2; Kangkang Fu3; Lewis Tam4
2016
Source PublicationSSRN Electronic Journal
ISSN1556-5068
Abstract

This study mainly addresses two questions. The first question is: what determine the “greenness” of a company? The second question is: what are the impacts of a company’s green policies on its investment decisions and financial performance? Using the green score published by Newsweek in 2009, 2010 and 2011, we find that firms are more likely to adopt good practices in their environmental policies if they have more top women executives and have more operations overseas. Furthermore, we document that more environmentally responsible companies invest less, but their investments contribute more to firm performance, suggesting that good environmental policies help companies reduce agency problems by avoiding over-investments.

KeywordInvestment Policies Newsweek Green Score Corporate Social Responsibilities, Environmental Performance Financial Impacts
DOI10.2139/ssrn.2254781
Language英语
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Document TypeJournal article
CollectionFaculty of Business Administration
DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Affiliation1.SIM University (UniSIM)
2.Nanyang Business School, Nanyang Technological University
3.Hong Kong Baptist University
4.Faculty of Business Administration, University of Macau
Recommended Citation
GB/T 7714
Dianna Chang,Xin ,Kangkang Fu,et al. Corporate Environmental Performance: Determinants and Real Effects[J]. SSRN Electronic Journal,2016.
APA Dianna Chang,Xin ,Kangkang Fu,&Lewis Tam.(2016).Corporate Environmental Performance: Determinants and Real Effects.SSRN Electronic Journal.
MLA Dianna Chang,et al."Corporate Environmental Performance: Determinants and Real Effects".SSRN Electronic Journal (2016).
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