A Note on the Impact of Environmental Performance on Financial Performance

Aly Salama

doi:10.1016/j.strueco.2004.04.005

A Note on the Impact of Environmental Performance on Financial Performance

Aly Salama

Research output: Contribution to journal › Article › peer-review

108 Citations (Scopus)

Abstract

Conventional estimates of the relationship between corporate environmental performance (CEP) and corporate financial performance (CFP) are typically based on simple OLS regression. In this paper, I test whether this relationship holds using median regression analysis that is more robust to the presence of outliers and unobserved firm heterogeneity. Based on panel data for British companies, I find that the relationship between CEP and CFP is stronger when median regression are used.

Original language	English
Pages (from-to)	413-421
Journal	Structural Change and Economic Dynamics
Volume	16
Issue number	3
Early online date	9 Jul 2004
DOIs	https://doi.org/10.1016/j.strueco.2004.04.005
Publication status	Published - 1 Sept 2005
Externally published	Yes

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10.1016/j.strueco.2004.04.005

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title = "A Note on the Impact of Environmental Performance on Financial Performance",

abstract = "Conventional estimates of the relationship between corporate environmental performance (CEP) and corporate financial performance (CFP) are typically based on simple OLS regression. In this paper, I test whether this relationship holds using median regression analysis that is more robust to the presence of outliers and unobserved firm heterogeneity. Based on panel data for British companies, I find that the relationship between CEP and CFP is stronger when median regression are used.",

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AB - Conventional estimates of the relationship between corporate environmental performance (CEP) and corporate financial performance (CFP) are typically based on simple OLS regression. In this paper, I test whether this relationship holds using median regression analysis that is more robust to the presence of outliers and unobserved firm heterogeneity. Based on panel data for British companies, I find that the relationship between CEP and CFP is stronger when median regression are used.

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JO - Structural Change and Economic Dynamics

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A Note on the Impact of Environmental Performance on Financial Performance

Abstract

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