The economic value of corporate eco-efficiency

By Nadja Guenster, Jeroen Derwall, Rob Bauer, Kees G. Koedijk. 2011

583 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/00778d1cdffe2b48b69592157dd2e89e990eb2c6

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Citations in the corpus

Effects of corporate environmental responsibility on financial performance: The moderating role of government regulation and organizational slack (2017, background): “Aiming at sustainable business by reducing the use of resources, CER leads to operating efficiency, higher stock prices, improved environmental reputation, potential reduction of legal expenses, increases in subsidies, and expanding environment-conscious customer and investor base and finally, finan”
How Hot Is Your Bottom Line? Linking Carbon and Financial Performance (2011, methodology): “Guenster et al. (2005) argue that the use of Tobin’s q is adequate when analyzing CEP as it reflects reputational effects, investor trust, and investor risk.”
An Efficiency Perspective on Carbon Emissions and Financial Performance (2020, background): “A growing literature, therefore, focuses on individual performance attributes, such as eco-efficiency ratings (Derwall et al., 2005; Guenster et al., 2011) 6 or carbon emission intensity (Busch and Lewandowski, 2018; Trinks et al., 2020).”
Corporate Environmental Responsibility and the Cost of Capital: International Evidence (2016, background): “Similarly, Guenster et al. (2011) document a positive relation between environmental performance and both accounting- and market-based measures of performance for a panel of U.”
Corporate Social Responsibility and Firm Value: Disaggregating the Effects on Cash Flow, Risk and Growth (2013, methodology): “One approach would be using Tobin’s Q (which is typically proxied by calculating the firm’s market value to book asset value ratio ) to compare the Q-ratios of high and low CSR firms, and this is the approach taken in Guenster et al. (2011).”
Strategic corporate social responsibility and economic performance (2013, methodology): “In addition to these variables, the set of controls for Tobin’s Q also includes dividend to book ratio (Baron et al., 2009) and firm age (Guenster et al., 2011).”
Does the stock market value the inclusion in a sustainability stock index? An event study analysis for German firms (2013, unknown): “…on, for example, Tobin’s Q, return on asset , return on sales, or return on equity (e.g., Hart and Ahuja, 1996, Waddock and Graves, 1997, Russo and Fouts, 1997, Dowell et al., 2000, Konar and Cohen, 2001, King and Lenox, 2001, 2002, Elsayed and Paton, 2005, Telle, 2006, Guenster et al., 2011).”