Making sense of conflicting empirical findings: A meta-analytic review of the relationship between corporate environmental and financial performance

By Jan Endrikat, Edeltraud Guenther, Holger Hoppe. 2014

538 citations recorded by the source corpus.

Subfields: Marketing, Strategy and Management

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Citations in the corpus

Analyzing the Effect of Corporate Environmental Performance on Corporate Financial Performance in Developed and Developing Countries (2017, background): “The loss of research and development investment projects and the need to meet their financial obligations mean that high-leveraged firms are perceived by the market as too risky [33], which negatively influences their long-term expected profitability (Tobin’s Q).”
Impact of Environmental, Social, and Governance Information on Economic Performance: Evidence of a Corporate ‘Sustainability Advantage’ from Europe (2019, background): “[78] indicated that the firm size functions as an indirect determinant (acting as a proxy for other corporate values that may affect performance) for both sustainability performance and corporate financial performance.”
The Impact of Sustainability Practices on Corporate Financial Performance: Literature Trends and Future Research Potential (2018, background): “In fact, research is still struggling to find universality in the accepted understanding of corporate sustainability, or what constitutes an adequate suite of corporate financial measures to correlate to corporate sustainability practices [6,10,11].”
Impact of Corporate Environmental Responsibility on Operating Income: Moderating Role of Regional Disparities in China (2016, unknown): “…disparities on the relationship between CER and operating income in addressing the call by Campbell (2007), Brammer and Millington (2008), and Endrikat et al. (2014) to determine the institutional factors that affect the performance outcomes of organizational environmental protection…”
Exploring corporate social responsibility and financial performance through stakeholder theory in the tourism industries (2017, methodology): “Finally, we propose sound methodological artefacts so that our study is both replicable and comparable to related studies (Hartshorne & Schachner 2012; Endrikat et al. 2014).”
Relations between corporate economic performance, environmental disclosure and greenhouse gas emissions: new insights. (2018, background): “Reasons include methodological and measurement problems in the constructs of interest, lack of a temporal dimension in the data, omitted variable bias and inadequate sampling procedures (e.g., McWilliams and Siegel, 2000; Patten, 2002; Clarkson et al., 2008; Endrikat et al., 2014).”
Corporate Carbon and Financial Performance: A Meta‐analysis (2018, result): “Indeed, several studies have adopted meta-analytical techniques in order to address this question (e.g., Albertini 2013; Dixon-Fowler et al. 2013; Endrikat et al. 2014). www.wileyonlinelibrary.com/journal/jie Journal of Industrial Ecology 745 Existing meta-studies synthesize empirical evidence…”