Knowledge Agora

Title	Determinants and financial consequences of environmental performance and reporting: A literature review of European archival research
ID_Doc	63774
Authors	Velte, P
Title	Determinants and financial consequences of environmental performance and reporting: A literature review of European archival research
Year	2023
Published
Abstract	Motivated by the EU Green Deal project as a unique setting, we present the first literature review of firm-and country-related determinants of environmental performance (EP) and environmental reporting (ER) and their financial consequences for the European capital market. Based on legitimacy and stakeholder theories, we conducted a structured literature review and examined 124 peer-reviewed empirical-quantitative (archival) studies. There were clear indications that board gender diversity, sustainability board committees, firm size, and environmentally sensitive industries are the main drivers of increased environmental outputs. Moreover, although positive financial consequences of increased EP and ER were identified, this was true for accounting-based financial performance but not for market-based measures.
PDF

Similar Articles

ID	Score	Article
64439		Velte, P Sustainable board governance and environmental performance: European evidence(2024)Business Strategy And The Environment, 33, 4
74711		Naseer, MM; Hunjra, AI; Mattoussi, F; Amin, MN Unlocking the effect of corporate environmental practices in driving firms' financial performance(2023)
77509		Caputo, F; Pizzi, S; Ligorio, L; Leopizzi, R Enhancing environmental information transparency through corporate social responsibility reporting regulation(2021)Business Strategy And The Environment, 30, 8
64786		Velte, P Does sustainable board governance drive corporate social responsibility? A structured literature review on European archival research(2023)Journal Of Global Responsibility, 14, 1
19520		Bassetti, T; Blasi, S; Sedita, SR The management of sustainable development: A longitudinal analysis of the effects of environmental performance on economic performance(2021)Business Strategy And The Environment, 30.0, 1
71624		Capece, G; Di Pillo, F; Gastaldi, M; Levialdi, N; Miliacca, M Examining the effect of managing GHG emissions on business performance(2017)Business Strategy And The Environment, 26.0, 8
4291		Moneva, JM; Scarpellini, S; Aranda-Usón, A; Etxeberria, IA Sustainability reporting in view of the European sustainable finance taxonomy: Is the financial sector ready to disclose circular economy?(2023)Corporate Social Responsibility And Environmental Management, 30, 3
63251		Baehr, J; Zenglein, F; Sonnemann, G; Lederer, M; Schebek, L Back in the Driver's Seat: How New EU Greenhouse-Gas Reporting Schemes Challenge Corporate Accounting(2024)Sustainability, 16, 9
67723		Giannopoulos, G; Fagernes, RVK; Elmarzouky, M; Hossain, KAMA The ESG Disclosure and the Financial Performance of Norwegian Listed Firms(2022)Journal Of Risk And Financial Management, 15, 6
62881		García-Sánchez, IM; Ortiz-Martínez, E; Marín-Hernández, S; Aibar-Guzmán, B How does the European Green Deal affect the disclosure of environmental information?(2023)Corporate Social Responsibility And Environmental Management, 30, 6