Determinants and financial consequences of environmental performance and reporting: A literature review of European archival research

Patrick Velte

doi:10.1016/j.jenvman.2023.117916

Determinants and financial consequences of environmental performance and reporting: A literature review of European archival research

Titel in Übersetzung: Motivated by the EU Green Deal project as a unique setting, we present the first literature review of firm- and country-related determinants of environmental performance (EP) and environmental reporting (ER) and their financial consequences for the European capital market. Based on legitimacy and stakeholder theories, we conducted a structured literature review and examined 124 peer-reviewed empirical-quantitative (archival) studies. There were clear indications that board gender diversity, sustainability board committees, firm size, and environmentally sensitive industries are the main drivers of increased environmental outputs. Moreover, although positive financial consequences of increased EP and ER were identified, this was true for accounting-based financial performance but not for market-based measures.

Patrick Velte

Publikation: Beiträge in Zeitschriften › Übersichtsarbeiten › Forschung

38 Zitate (Scopus)

Abstract

Motivated by the EU Green Deal project as a unique setting, we present the first literature review of firm- and country-related determinants of environmental performance (EP) and environmental reporting (ER) and their financial consequences for the European capital market. Based on legitimacy and stakeholder theories, we conducted a structured literature review and examined 124 peer-reviewed empirical-quantitative (archival) studies. There were clear indications that board gender diversity, sustainability board committees, firm size, and environmentally sensitive industries are the main drivers of increased environmental outputs. Moreover, although positive financial consequences of increased EP and ER were identified, this was true for accounting-based financial performance but not for market-based measures.

Titel in Übersetzung	Motivated by the EU Green Deal project as a unique setting, we present the first literature review of firm- and country-related determinants of environmental performance (EP) and environmental reporting (ER) and their financial consequences for the European capital market. Based on legitimacy and stakeholder theories, we conducted a structured literature review and examined 124 peer-reviewed empirical-quantitative (archival) studies. There were clear indications that board gender diversity, sustainability board committees, firm size, and environmentally sensitive industries are the main drivers of increased environmental outputs. Moreover, although positive financial consequences of increased EP and ER were identified, this was true for accounting-based financial performance but not for market-based measures.
Originalsprache	Englisch
Aufsatznummer	117916
Zeitschrift	Journal of Environmental Management
Jahrgang	340
Seitenumfang	13
ISSN	0301-4797
DOIs	https://doi.org/10.1016/j.jenvman.2023.117916
Publikationsstatus	Erschienen - 15.08.2023

Bibliographische Notiz

Publisher Copyright:
© 2023 Elsevier Ltd

Fachgebiete und Schlagwörter

Betriebswirtschaftslehre
Wirtschaftswissenschaften für Nachhaltigkeit

ASJC Scopus Sachgebiete

Environmental engineering
Abfallwirtschaft und -entsorgung
Management, Monitoring, Politik und Recht

UN SDGs

Dieser Output leistet einen Beitrag zu folgendem(n) Ziel(en) für nachhaltige Entwicklung

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10.1016/j.jenvman.2023.117916

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