environmental performance and firm value: evidence from dow jones sustainability index europe

نویسندگان

e. pérez-calderón

financial economics and accounting department, faculty of business studies and tourism, university of extremadura, spain p. milanés-montero

financial economics and accounting department, faculty of business studies and tourism, university of extremadura, spain f.j. ortega-rossell

financial economics and accounting department, faculty of business studies and tourism, university of extremadura, spain

چکیده

in this study we analyze the effects of environmental performance on the generation of firm value from dow jones sustainability index europe. we use a sample of 122 firms from different sectors, except financial one, which belong to this index for the years 2007 through 2009. the expected results, taking into account our hypotheses, should show a positive relationship between the generation of value and the environmental performance. therefore, one of our main findings would be the importance of these behaviors in order to improve the economic performance, due to the better utilization of resources. these relationshipsare not demonstrated by recognition by the stock market, short-term.

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environmental performance and firm value: evidence from dow jones sustainability index europe

in this study we analyze the effects of environmental performance on the generation of firm value from dow jones sustainability index europe. we use a sample of 122 firms from different sectors, except financial one, which belong to this index for the years 2007 through 2009. the expected results, taking into account our hypotheses, should show a positive relationship between the generation of ...

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عنوان ژورنال:
international journal of environmental research

جلد ۶، شماره ۴، صفحات ۱۰۰۷-۱۰۱۴

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