2020
DOI: 10.1002/csr.1971
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Impact of climate change mitigation policies on corporate financial performance: Evidence‐based on European publicly listed firms

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 i… Show more

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Cited by 64 publications
(60 citation statements)
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References 77 publications
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“…New strategies require rethinking the product value chain by focusing on repair, recycling and product longevity (de Man & Strandhagen, 2017), new materials, increased product flexibility and supply chain innovations (Jin et al, 2017). Moreover, the need for a new economic course based on the ‘circularity’ of resources has been repeatedly underlined by scientific studies and the European Union (EU) (Pazienza & Lucia, 2020) to mitigate the impact of human activities on the environment (Bakhshi & Krajeski, 2007; European Commission, 2014, 2015; Secinaro, Brescia, Calandra, & Saiti, 2020). Therefore, the progressive use of the technologies employed in Industry 4.0 is advancing the process of transition from a linear economic system to a circular one (Centobelli, Cerchione, Chiaroni, Vecchio, & Urbinati, 2020; Chen, Hung, & Ma, 2020; Ferasso, Beliaeva, Kraus, Clauss, & Ribeiro‐Soriano, 2020; Tunn et al, 2019).…”
Section: Introductionmentioning
confidence: 99%
“…New strategies require rethinking the product value chain by focusing on repair, recycling and product longevity (de Man & Strandhagen, 2017), new materials, increased product flexibility and supply chain innovations (Jin et al, 2017). Moreover, the need for a new economic course based on the ‘circularity’ of resources has been repeatedly underlined by scientific studies and the European Union (EU) (Pazienza & Lucia, 2020) to mitigate the impact of human activities on the environment (Bakhshi & Krajeski, 2007; European Commission, 2014, 2015; Secinaro, Brescia, Calandra, & Saiti, 2020). Therefore, the progressive use of the technologies employed in Industry 4.0 is advancing the process of transition from a linear economic system to a circular one (Centobelli, Cerchione, Chiaroni, Vecchio, & Urbinati, 2020; Chen, Hung, & Ma, 2020; Ferasso, Beliaeva, Kraus, Clauss, & Ribeiro‐Soriano, 2020; Tunn et al, 2019).…”
Section: Introductionmentioning
confidence: 99%
“…Table 4 shows the results of the effect of Halal certification on disclosure index. To implement this analysis, we use multivariate regression analysis which allows us to test whether more than one independent variable and more dependent variables are linearly related (Furlotti & Mazza, 2020; Secinaro et al, 2020; Shauki, 2011). Regression investigation suggests a significant and positive relationship between Halal certification and disclosure index.…”
Section: Resultsmentioning
confidence: 99%
“…However, further studies on ethics and sustainability are needed to verify the effect of the pandemic on corporate performance (Secinaro et al, 2020b), which pay particular attention to the environment, a primary theme up to 2019 among SDGs in the survey sector (Pizzi, 2020). Inequality is the only area analyzed at a social and working level.…”
Section: Discussionmentioning
confidence: 99%