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Corporate Environmental Responsibility and Financial Performance

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Corporate Environmental Responsibility, Accounting and Corporate Finance in the EU

Part of the book series: CSR, Sustainability, Ethics & Governance ((CSEG))

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Abstract

The scope of this chapter is to examine the impact of CER related activities on their financial performance taking into consideration potential endogeneity between the examined factors and their bidirectional association, evidenced by previous studies on the field. We respond to the call for more research on the topic by covering a large multi-country sample of listed and unlisted European firms over a long period of time and also by considering the bidirectional association between CER and CFP. Empirical analysis suggested that CER generates competitive resources leading to competitive advantages and enhanced financial performance. Also, the specification of our empirical design verifies the bidirectional association between CER and CFP.

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Authors and Affiliations

  1. Department of Sport Organization and Management, University of Peloponnese, Sparta, Greece

    Panagiotis Dimitropoulos

  2. School of Social Sciences, Hellenic Open University, Patra, Greece

    Panagiotis Dimitropoulos

  3. Department of Accounting and Finance, University of Peloponnese, Kalamata, Messinia, Greece

    Konstantinos Koronios

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  1. Panagiotis Dimitropoulos
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  2. Konstantinos Koronios
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Dimitropoulos, P., Koronios, K. (2021). Corporate Environmental Responsibility and Financial Performance. In: Corporate Environmental Responsibility, Accounting and Corporate Finance in the EU. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-030-72773-4_5

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