The value relevance of environmental performance

By L. Hassel, Henrik Nilsson, S. Nyquist. 2005

514 citations recorded by the source corpus.

Subfields: Accounting, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/d6a4d162f053867b5ccbc18b4080edddf7f1a217

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Citations in the corpus

The Value Relevance of Reputation for Sustainability Leadership (2014, background): “2012) or environmental performance (Hassel et al. 2005).”
Corporate social responsibility, country-level predispositions, and the consequences of choosing a level of disclosure (2016, background): “…research on the value relevance of the environmental aspect of CSR disclosure also provides inconsistent results, reporting a negative correlation (Hassel et al. 2005), no correlation for non-financial CSR disclosure (Moneva and Cuellar 2009), or a positive correlation (Plumlee et al. 2010,…”
Experienced and Novice Investors: Does Environmental Information Influence Investment Allocation Decisions? (2008, background): “The decision usefulness of environmental disclosures (‘value creation’) is based on two assumptions: (1) good environmental performance creates value and (2) environmental disclosures are rewarded by decision-makers and seen as sufficiently significant to be included as decision criteria (IRRC, 1992”
A Descriptive Analysis of Environmental Disclosure: A Longitudinal Study of French Companies (2014, background): “They implement environmental management systems (EMS) that are often certified ISO 14001 to improve their environmental performance (Ann et al. 2006; Hart 1995; Hassel et al. 2005; Melnyck et al. 2003).”
Corporate Incentives to Disclose Carbon Information: Evidence from the CDP Global 500 Report (2012, unknown): “, 2008, 2010), the association between environmental performance and firm value (e.g., Barth and McNichols, 1994; King and Lenox, 2001; Hassel et al., 2005), and the determinants affecting management’s decisions to disclose environmental information (Barth et al.”
Corporate Responses in an Emerging Climate Regime: The Institutionalization and Commensuration of Carbon Disclosure (2008, background): “comparable information, it will be complicated for investors to assess the financial impact of carbon mitigation activities across firms and the value of carbon disclosure will be negligible (Hassel et al., 2005).”
Impact of Corporate Environmental Responsibility on Operating Income: Moderating Role of Regional Disparities in China (2016, unknown): “…(Clarkson et al. 2011; Hart and Ahuja 1996; King and Lenox 2000; Konar and Cohen 2001; Wagner and Schaltegger 2004), a few have revealed a negative relationship (Cordeiro and Sarkis 1997; Hassel et al. 2005), and one study has found an insignificant relationship (Graves and Waddock 1999).”
The valuation relevance of environmental performance revisited: The moderating role of environmental provisions (2017, methodology): “Hassel et al. (2005) argue that strong environmental performance is related to increased costs and consequently to lower earnings and market values, and Jensen (2001) conjectures that a firm’s leadership in environmental or social issues can be interpreted by investors as managers’ intention to use…”
Mandatory Corporate Social Responsibility (CSR) Reporting and Financial Reporting Quality: Evidence from a Quasi-Natural Experiment (2016, background): “The extant studies suggest that investors do use CSR information for equity valuation (Cormier and Magnan 1997; Li and McConomy 1999; Hassel et al. 2005; Clarkson et al. 2004).”