Environmental Sustainability and Implied Cost of Equity: International Evidence
In this paper, we examine the relationship between the environmental practices and implied cost of equity. Using a comprehensive sample of 23,301 firm–year observations from 43 countries, we find that an improvement in environmental practices leads to reduction of the implied cost of equity. Further...
Main Author: | |
---|---|
Format: | Electronic Article |
Language: | English |
Check availability: | HBZ Gateway |
Journals Online & Print: | |
Fernleihe: | Fernleihe für die Fachinformationsdienste |
Published: |
Springer
2018
|
In: |
Journal of business ethics
Year: 2018, Volume: 147, Issue: 2, Pages: 343-365 |
Further subjects: | B
Environmental Sustainability
B G15 B Implied cost of capital B Q51 B Q50 B Financial Performance B G18 |
Online Access: |
Volltext (lizenzpflichtig) |
MARC
LEADER | 00000caa a22000002 4500 | ||
---|---|---|---|
001 | 1785663356 | ||
003 | DE-627 | ||
005 | 20230710121256.0 | ||
007 | cr uuu---uuuuu | ||
008 | 220112s2018 xx |||||o 00| ||eng c | ||
024 | 7 | |a 10.1007/s10551-015-2971-z |2 doi | |
035 | |a (DE-627)1785663356 | ||
035 | |a (DE-599)KXP1785663356 | ||
035 | |a (DE-He213)s10551-015-2971-z-e | ||
040 | |a DE-627 |b ger |c DE-627 |e rda | ||
041 | |a eng | ||
084 | |a 1 |2 ssgn | ||
100 | 1 | |a Gupta, Kartick |e VerfasserIn |4 aut | |
245 | 1 | 0 | |a Environmental Sustainability and Implied Cost of Equity: International Evidence |
264 | 1 | |c 2018 | |
336 | |a Text |b txt |2 rdacontent | ||
337 | |a Computermedien |b c |2 rdamedia | ||
338 | |a Online-Ressource |b cr |2 rdacarrier | ||
520 | |a In this paper, we examine the relationship between the environmental practices and implied cost of equity. Using a comprehensive sample of 23,301 firm–year observations from 43 countries, we find that an improvement in environmental practices leads to reduction of the implied cost of equity. Further, the results are stronger in countries where country-level governance is weak. Our results indicate that most of the benefits come from the reduction of emission and unnecessary wastage of resources. Our results remain robust to alternative specifications and endogeneity concerns. | ||
650 | 4 | |a Q51 | |
650 | 4 | |a Q50 | |
650 | 4 | |a G18 | |
650 | 4 | |a G15 | |
650 | 4 | |a Financial Performance | |
650 | 4 | |a Implied cost of capital | |
650 | 4 | |a Environmental Sustainability | |
773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht : Springer, 1982 |g 147(2018), 2, Seite 343-365 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnns |
773 | 1 | 8 | |g volume:147 |g year:2018 |g number:2 |g pages:343-365 |
856 | 4 | 0 | |u https://doi.org/10.1007/s10551-015-2971-z |x Resolving-System |z lizenzpflichtig |3 Volltext |
935 | |a mteo | ||
951 | |a AR | ||
ELC | |a 1 | ||
ITA | |a 1 |t 1 | ||
LOK | |0 000 xxxxxcx a22 zn 4500 | ||
LOK | |0 001 4033722254 | ||
LOK | |0 003 DE-627 | ||
LOK | |0 004 1785663356 | ||
LOK | |0 005 20220112043903 | ||
LOK | |0 008 220112||||||||||||||||ger||||||| | ||
LOK | |0 035 |a (DE-Tue135)IxTheo#2021-12-30#C2935E64D74CF55463FE139EB938F6CA03E435B1 | ||
LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
LOK | |0 092 |o n | ||
LOK | |0 852 |a DE-Tue135 | ||
LOK | |0 852 1 |9 00 | ||
LOK | |0 935 |a ixzs |a ixrk |a zota | ||
ORI | |a SA-MARC-ixtheoa001.raw |