A note on the impact of environmental performance on financial performance

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Looking for evidence of the relationship between corporate social responsibility and corporate financial performance in an emerging market (2011, background): “Nevertheless, most studies report positive relations between the social business/environmental responsibility and the financial performance (Mahoney and Roberts, 2007; Salama, 2005; Griffin and Mahon, 1997; Pava and Krausz, 1996; Ullmann, 1985).”
Environmental Innovations and Profitability: How Does it Pay to Be Green? (2013, background): “…positive sign, but with different measures of financial performance, can also be found in Russo and Fouts (1997), adopting Returns on Assets (ROA), in Salama (2005), assessing the Corporate Financial Performance, and in King and Lenox (2001) and Dowell et al. (2000), adopting the Tobins’q index.”
Corporate environmental disclosure, corporate governance and earnings management (2010, background): “In other words, the financial and economic performance of an entity has a positive connection with its social responsibility (Salama, 2005).”