Carbon performance versus financial performance

He, Yan; Tang, Qingliang; Wang, Kaitian

doi:10.1080/21697213.2016.1251768

Cited by 22 publications

(23 citation statements)

References 72 publications

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“…Environmental strategies make the company reduce ecological pollution through pro-active ways (Lee & Min, 2015;Porter & Reinhardt, 2007). From the resource-based review, firms need to improve CFP through improving environmental performance, such as reduce carbon emission and other pollutions (Córdova et al, 2018;Fujii et al, 2013;Gallego-Álvarez et al, 2015;Ganda & Milondzo, 2018;He et al, 2017;Iwata & Okada, 2011), improve the corporate environmental management system, and used friendly environmentally activities and strategies leading to materials more efficiency (Orlitzky et al, 2003;Vlasov et al, 2014). Regardless of whether environmental research and development expenditure is a legitimizing tool, this environmental attitude can be used as improving environmental management motivation for protecting the environment.…”

Section: B Environmental Information Disclosure and Corporate Financi...mentioning

confidence: 99%

“…From this, the firm can legitimize its CEP with stakeholders, such as enhance the loyalty of customers and reputations, ultimately increase CFP to ensure sustainable development (Qin et al, 2019). Firms need to satisfy the stakeholders with appropriate CEP, particularly the government sustainability development requirement is the primary highest level of power (He et al, 2017;Marquis & Qian, 2014). Considering the stakeholder's fulfilment of CEP, the firms need to meet the compliance of the level of government environment standard (Buysse & Verbeke, 2003).…”

Section: A Theoretical Contributionmentioning

confidence: 99%

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Corporate Environmental Performance and Corporate Financial Performance: A Conceptual Paper

Furuoka

2020

MJBE

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There is an ongoing debate on the relationship between corporate environmental performance (CEP) and corporate financial performance (CFP). This conceptual paper aims to contribute to the existing literature by integrating previous research on the CEP-CFP relationship and identifying the moderating effect of firm size on the relationship between these variables. It also proposes a new conceptual framework in which the positive relationship between the CEP and the CFP would be moderated by the firm size.

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Section: B Environmental Information Disclosure and Corporate Financi...mentioning

confidence: 99%

Section: A Theoretical Contributionmentioning

confidence: 99%

Corporate Environmental Performance and Corporate Financial Performance: A Conceptual Paper

Furuoka

2020

MJBE

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“…Perhaps, climate change is the most critical issue among the six major sustainability issues (Csutora & Harangozo, 2017; Keith et al, 2019). Myriads of scientific evidence demonstrate that climate change poses grave challenges (He et al, 2016;Gibassier et al, 2020). Climate change, if not controlled, can lead to global warming, which can cause severe damage to the world.…”

Section: Introductionmentioning

confidence: 99%

“…The extant literature provides inconsistent evidence on whether environmentally responsible and accountable activities are linked with improved performance (He et al, 2016;Sharma et al, 2019;Tuesta et al, 2021). This question is particularly relevant to the banking industry, whose activities are not known to impact the environment negatively.…”

Section: Introductionmentioning

confidence: 99%

Carbon accounting, management quality, and bank performance in East Africa

Maama

Gani

2022

Environmental Economics

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Does it pay to report green activities? This question has dominated academic discussion and has further spiraled into the industry. Questions exist about the value relevance of carbon accounting, given that such practice is voluntary and consumes resources. The question becomes more legitimate when banks whose activities do not negatively affect the environment adopt carbon accounting. Given this perplexing phenomenon, the study examined the impact of carbon accounting on the performance of banks in East Africa. Moreover, the effect of management quality on such a relationship was analyzed. The study relied on eight years of integrated, sustainability, and annual reports of 79 banks in East Africa, collecting the carbon accounting data. A multiple regression estimation technique was employed to estimate the models. The study demonstrated that carbon reporting had a negative and insignificant relationship with the financial performance of banks. In addition, the study showed that management quality turned the relationship between carbon disclosure and firm performance positive, suggesting that the banks with high quality of management benefited financially from carbon reporting. The study concludes that carbon accounting does not benefit East African banks. However, banks that had high quality of management financially benefited from carbon accounting. The significant implication of these results is that banks can benefit from adopting carbon accounting but only when they have high management quality. This study contributes to the debate on the conflicting empirical findings on the value relevance of carbon accounting in Africa, which is scarce.

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“…However, Unlike carbon performance, which requires a large amount of cost input of enterprises, the performance of social responsibility is multi-faceted. It often has a certain disguise ( He et al, 2017 ), which cannot well reflect the value of developing a low-carbon economy for enterprises. And how to balance economic development and environmental protection has always been one of the important issues that many scholars focus on.…”

Section: Introductionmentioning

confidence: 99%

The synergistic effect of carbon performance and technological innovation on corporate financial performance

Yan

Zhou

et al. 2022

Front. Psychol.

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In order to further implement the goal of “dual carbon” proposed by China’s government, and promote energy enterprises to carry out low-carbon economic transformation, this paper takes listed companies in China’s A-share energy industry from 2014 to 2019 as samples to conduct descriptive statistics, correlation test and regression analysis, and empirically studies the impact of carbon performance and technological innovation on financial performance of China’s energy industry as well as their roles under different property rights. At the same time, the variables were delayed for one period to investigate the sustainability of carbon performance and technological innovation on financial performance and to weaken the endogeneity of the reverse causality between financial performance, carbon performance and technological innovation. The results show that good carbon performance and technological innovation in the energy industry can positively affect the financial performance of enterprises. During the research of interactive relationship, we find that carbon performance and technological innovation have synergistic effect on energy firm’s financial performance, which means technology innovation can significantly positive to adjust the action of carbon performance on financial performance,and carbon performance at the same time can also be positive to adjust the action of technology innovation on financial performance. They mutually promote energy enterprise’s financial performance. Further experimental research among different property- rights-owned enterprises, we found that the synergistic effects of carbon performance and technological innovation on corporate financial performance is much more significant in non-state-owned enterprises, possibly due to private firms’ capital profit-seeking nature. The results will guide and inspire China’s energy enterprises’ low carbon development strategy formulation and implementation under the background of “dual carbon” goal.

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Carbon performance versus financial performance

Cited by 22 publications

References 72 publications

Corporate Environmental Performance and Corporate Financial Performance: A Conceptual Paper

Corporate Environmental Performance and Corporate Financial Performance: A Conceptual Paper

Carbon accounting, management quality, and bank performance in East Africa

The synergistic effect of carbon performance and technological innovation on corporate financial performance

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