Document Type
Dissertation
Major/Program
Business Administration
First Advisor's Name
Clark Wheatley
First Advisor's Committee Title
Committee Chair
Second Advisor's Name
Suchismita Mishra
Third Advisor's Name
Stephen Lin
Fourth Advisor's Name
Kannan Raghunandan
Keywords
Market valuation, Environmental performance
Date of Defense
9-14-2010
Abstract
This research investigated the general association between corporate environmental performance and the firms’ annual returns independent of any particular environmental event. The association analysis was based on the most recent environmental data for the years 2006, 2007, and 2008. The results indicated that while some environmental variables were significantly associated with firms’ returns, the majority were not. The results also indicated that environmental concerns were more likely to be associated with increase in the firm value than were environmental strengths; however, there were no mean differences between firms whose environmental performance increased as compared with those whose performance deteriorated. Overall, the results provided support for the perspective that environmental strengths require firm expenditures that place additional financial burdens on firms, resulting in lower stock returns.
Identifier
FI10112001
Recommended Citation
Elshahat, Islam M., "Market Valuation of Environmental Performance" (2010). FIU Electronic Theses and Dissertations. 309.
https://digitalcommons.fiu.edu/etd/309
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