The Impact of Corporate Environmental Performance on Market Risk: The Australian Industry Case

Verfasser / Beitragende:
[Noor Muhammad, Frank Scrimgeour, Krishna Reddy, Sazali Abidin]
Ort, Verlag, Jahr:
2015
Enthalten in:
Journal of Business Ethics, 132/2(2015-12-01), 347-362
Format:
Artikel (online)
ID: 605486468
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024 7 0 |a 10.1007/s10551-014-2324-3  |2 doi 
035 |a (NATIONALLICENCE)springer-10.1007/s10551-014-2324-3 
245 0 4 |a The Impact of Corporate Environmental Performance on Market Risk: The Australian Industry Case  |h [Elektronische Daten]  |c [Noor Muhammad, Frank Scrimgeour, Krishna Reddy, Sazali Abidin] 
520 3 |a Prior research suggests that Corporate Environmental Performance (CEP) enables businesses to build strong corporate image and reputation, thus leading to improved firm financial performance. However, studies relating to the relationship between CEP and firm risk are scarce. This research intends to bridge the gap in the literature by examining whether CEP helps firms to reduce their financial risk. Results of the Ordinary Least Squares regression with fixed effects provide strong evidence that environmental performance is negatively associated with firm volatility and firm downside risk. The results are robust after controlling for moderating effects such as financial, institutional and environmental management. 
540 |a Springer Science+Business Media Dordrecht, 2014 
690 7 |a Corporate Environmental Performance  |2 nationallicence 
690 7 |a Market risk  |2 nationallicence 
690 7 |a Downside risk  |2 nationallicence 
700 1 |a Muhammad  |D Noor  |u Department of Finance, Waikato Management School, The University of Waikato, New Zealand, Gate 1 Knighton Road, Private Bag 3105, 3240, Hamilton, New Zealand  |4 aut 
700 1 |a Scrimgeour  |D Frank  |u Department of Finance, Waikato Management School, The University of Waikato, New Zealand, Gate 1 Knighton Road, Private Bag 3105, 3240, Hamilton, New Zealand  |4 aut 
700 1 |a Reddy  |D Krishna  |u Department of Finance, Waikato Management School, The University of Waikato, New Zealand, Gate 1 Knighton Road, Private Bag 3105, 3240, Hamilton, New Zealand  |4 aut 
700 1 |a Abidin  |D Sazali  |u Department of Finance, Waikato Management School, The University of Waikato, New Zealand, Gate 1 Knighton Road, Private Bag 3105, 3240, Hamilton, New Zealand  |4 aut 
773 0 |t Journal of Business Ethics  |d Springer Netherlands  |g 132/2(2015-12-01), 347-362  |x 0167-4544  |q 132:2<347  |1 2015  |2 132  |o 10551 
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900 7 |a Metadata rights reserved  |b Springer special CC-BY-NC licence  |2 nationallicence 
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950 |B NATIONALLICENCE  |P 700  |E 1-  |a Muhammad  |D Noor  |u Department of Finance, Waikato Management School, The University of Waikato, New Zealand, Gate 1 Knighton Road, Private Bag 3105, 3240, Hamilton, New Zealand  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Scrimgeour  |D Frank  |u Department of Finance, Waikato Management School, The University of Waikato, New Zealand, Gate 1 Knighton Road, Private Bag 3105, 3240, Hamilton, New Zealand  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Reddy  |D Krishna  |u Department of Finance, Waikato Management School, The University of Waikato, New Zealand, Gate 1 Knighton Road, Private Bag 3105, 3240, Hamilton, New Zealand  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Abidin  |D Sazali  |u Department of Finance, Waikato Management School, The University of Waikato, New Zealand, Gate 1 Knighton Road, Private Bag 3105, 3240, Hamilton, New Zealand  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Journal of Business Ethics  |d Springer Netherlands  |g 132/2(2015-12-01), 347-362  |x 0167-4544  |q 132:2<347  |1 2015  |2 132  |o 10551