Environmental corporate social responsibility and financial performance: Disentangling direct and indirect effects

By Abraham Lioui, Zenu Sharma. 2012

335 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/c7c2371d80aa3ec298e78c2e9788c25fe4436669

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Citations in the corpus

Public Attention to Environmental Issues and Stock Market Returns (2021, background): “It thus complements previous studies in this field such as econometric analyses at the firm level, which examine the effect of corporate sustainable performance on corporate financial performance, measured with accounting data based indicators (e.g., McWilliams and Siegel 2000; King and Lenox, 2002;”
Environmental and Financial Performance of Fossil Fuel Firms: A Closer Inspection of their Interaction (2017, background): “Scholtens (2008) and Lioui and Sharma (2012) investigate the potential reasons why there would be a link between environmental and financial performance.”
An Efficiency Perspective on Carbon Emissions and Financial Performance (2020, result): “…reflect effects from generic environmental performance, sensitivity to energy prices, capital intensity, R&D intensity, and other potential confounding factors shown in Tables B.6 and B.7; these are in line with the related literature (Chava, 2014; El Ghoul et al., 2011; Lioui and Sharma, 2012).”
CSR and financial performance: complementarity between environmental, social and business behaviours (2014, background): “Whether CSR leads to superior financial performance or whether financial performance is rather a necessary condition for CSR is a major issue tackled by few papers (notable exceptions are Waddock and Graves, 1997; Scholtens, 2008; Lioui and Sharma, 2012; Belu and Manescu, 2013).”
Does Corporate Social Responsibility Lead to Improve in Firm Financial Performance? Evidence from Malaysia (2014, methodology): “…v) The behavioural measure or audit developed by the agencies that specialize in the assessment of social behaviour and environmental responsibility such as the U.S. KLD (Boesso, Kumar, & Michelon, 2013; Lioui & Sharma, 2012; Nelling & Webb, 2008; Sun, 2012) EIRIS in Britain or in France Vigeo.”
Analyzing the Effect of Corporate Environmental Performance on Corporate Financial Performance in Developed and Developing Countries (2017, methodology): “The industry to which the firm belongs is another determinant of corporate financial performance [15,42] due to different intensity of competition among industries and pressures from their stakeholders.”
A Multidimensional Analysis of the Relationship Between Corporate Social Responsibility and Firms' Economic Performance (2018, background): “1 See also Lioui and Sharma (2012), who consider the relationship between the environmental dimension of CSR and the companies' economic performances, and the references therein.”
Do Banks Value the Eco-Friendliness of Firms’ in Their Corporate Lending Decision? Some Empirical Evidence (2012, background): “However, recent literature (Lioui & Sharma, 2012; Sharfman & Fernando, 2008) shows a link between environmental responsibility and financial performance, bond yields and higher leverage.”
The Impact of Integrated Practices of Lean, Green, and Social Management Systems on Firm Sustainability Performance—Evidence from Chinese Fashion Auto-Parts Suppliers (2015, background): “Popular management systems which can enhance firms’ 3BL performance include lean, green, and social systems [14,15].”