Corporate Environmental Performance and Shareholder Value

Mark White
The role corporations should play in achieving social objectives is a topic with a lengthy history of debate. Significant recent interest has focused on the impact corporate activities have upon the natural world and the environment. This paper examines the link between corporate environmental responsibility--measured by environmental reputation indices--and shareholder wealth. Investors in a portfolio of firms enjoying above-average reputations for corporate environmental responsibility earn risk-adjusted returns significantly greater than either the overall market or...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.