Carbon emission reduction: The impact on the financial and operational performance of international companies

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dc.contributor.authorGallego-Alvarez I.
dc.contributor.authorSegura L.
dc.contributor.authorMartinez-Ferrero J.
dc.date.accessioned2024-03-13T00:58:42Z
dc.date.available2024-03-13T00:58:42Z
dc.date.issued2015
dc.description.abstract© 2014 Elsevier Ltd.Over the last few decades, companies operate in an environment in which exercising responsibility is a prerequisite for competing. Owing to the growing social concern for ethical, social, and environmental issues, the question of the impact of emissions trading on firm competitiveness has acquired special relevance in recent years. This research analyzes the impact of the variation in carbon dioxide emissions on financial and operational performance. By using international data consisting of 89 companies for the period 2006-2009, the findings show a reduction in emissions that generates a positive impact on financial performance. In addition, certain control variables are considered such as company size, sector, growth, sustainability index, and legal system, while a panel data methodology is used as the analysis technique. Overall, this research shows that companies promote greater environmental behaviour in order to obtain higher financial performance. Nonetheless, the findings do not show evidence for operational performance. This study contributes to the literature on carbon emission reduction and corporate performance. Moreover, it complements previous literature in the sense that results obtained show a reduction in emissions that generates a positive impact on financial performance.
dc.description.firstpage149
dc.description.lastpage159
dc.description.volume103
dc.identifier.doi10.1016/j.jclepro.2014.08.047
dc.identifier.issn0959-6526
dc.identifier.urihttps://dspace.mackenzie.br/handle/10899/36283
dc.relation.ispartofJournal of Cleaner Production
dc.rightsAcesso Restrito
dc.subject.otherlanguageCarbon emission reduction
dc.subject.otherlanguageDJSI
dc.subject.otherlanguageFinancial crisis
dc.subject.otherlanguagePanel data methodology
dc.subject.otherlanguagePerformance
dc.subject.otherlanguageSales growth
dc.titleCarbon emission reduction: The impact on the financial and operational performance of international companies
dc.typeArtigo
local.scopus.citations184
local.scopus.eid2-s2.0-84953318544
local.scopus.subjectCarbon emission reductions
local.scopus.subjectDJSI
local.scopus.subjectFinancial crisis
local.scopus.subjectPanel data
local.scopus.subjectPerformance
local.scopus.subjectSales growth
local.scopus.updated2024-05-01
local.scopus.urlhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84953318544&origin=inward
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