Does the Market Value Environmental Performance?

By Shameek Konar, Mark A. Cohen. Review of Economics and Statistics, 2001

1,490 citations recorded by the source corpus.

Subfields: Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/221ac39ac1dd5609574c3da2d1cd9bcf7e6f188d

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Citations in the corpus

The Harm of Symbolic Actions and Green-Washing: Corporate Actions and Communications on Environmental Performance and Their Financial Implications (2012, methodology): “It may also be that while the substantive actions of the firms in our sample did not lead to financially significant efficiency improvements, they may have helped them to avoid potential environmental liabilities, fines, penalties, clean-up costs (Bansal and Clelland 2004), negative investor reactio”
Does Environmental Protection Lead to Slower Productivity Growth in the Chemical Industry? (2004, background): “Various regulations and the threat of lawsuits limit producers from freely disposing of pollution (Konar and Cohen 2001).”
How do investors respond to Green Company Awards in China (2013, background): “(Hamilton 1995; Konar and Cohen 2001; Khanna et al. 1998; Bettenhausen et al. 2010) Third, negative”
Payments for Environmental Services: Evolution Toward Efficient and Fair Incentives for Multifunctional Landscapes (2012, background): “The profile of companies on pollution prevention has been found to correlate with firm-level financial performance after controlling for variables traditionally thought to explain such performance (111).”
Measuring corporate environmental performance: the trade-offs of sustainability ratings (2010, background): “…the link between environmental and fi nancial performance, there is still uncertainty about the signifi cance of the relationship (Dowell et al., 2000; King and Lenox, 2001; Konar and Cohen, 2001; Margolis and Walsh, 2003; Orlitzky et al., 2003; Russo and Fouts, 1997; Waddock and Graves, 1997).”
Did the EPA's voluntary industrial toxics program reduce emissions? A GIS analysis of distributional impacts and by-media analysis of substitution (2006, neutral): “their counterparts (Cohen and Konar, 2001).”
Making sense of conflicting empirical findings: A meta-analytic review of the relationship between corporate environmental and financial performance (2014, result): “While some studies have provided evidence of a positive relationship (e.g., Clarkson, Li, Richardson, & Vasvari, 2011; Hart & Ahuja, 1996; King & Lenox, 2001; Konar & Cohen, 2001; Russo & Fouts, 1997; Wagner & Schaltegger, 2004), others have sup- 0263-2373/$ - see front matter 2014 Elsevier Ltd.”
Corporate Goodness and Shareholder Wealth (2015, background): “8Chava (2011), Bauer and Hann (2010), and Konar and Cohen (2001) provide further evidence on the impact of environmental policies on firm value, credit risk, or the cost of capital.”
Ethical requirement and financial interest: a literature review on socially responsible investing (2015, background): “Some studies show that higher environmental standards are associated with higher market value, measured by Tobin’s Q [for example, Dowell et al. (2000) as well as Konar and Cohen (2001)].”