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What is Environmental vs Financial Performance Analysis about?

This study explores the bi-directional relationship between corporate environmental performance (EP) and financial performance (FP) using data from S&P 500 firms from 2011 to 2020. It finds that FP positively affects EP only for brown firms, while the effect of EP on FP is inconclusive and varies by model specifications and sectors. The research highlights the importance of considering industry differences in understanding the EP-FP relationship and suggests that targeted regulatory approaches may be more e

Author

Debarati Ghosh

Language

EN