Corporate Environmental Strategy: Impact upon Firm Value
نویسندگان
چکیده
The purpose of this paper is to investigate the relationship between corporate environmental strategy and firm value. The major finding of this study is that corporate performance with regard to environmental responsibility is related to overall firm value. Adopting an environmentally responsible strategy appears to significantly enhance corporate financial performance for all firms except those serving industrial customers. Firms supplying industrial customers seem to benefit financially from a strategy of environmental indifference or irresponsibility.
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