Profitability as a Factor That Spurs Corporate Green Investment Practices in Johannesburg Stock Exchange (JSE) Listed Firms

Fortune Ganda, Collins C. Ngwakwe and Cosmas M. Ambe
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Fortune Ganda: University of Limpopo, South Africa
Collins C. Ngwakwe: University of Limpopo, South Africa
Cosmas M. Ambe: University of Limpopo, South Africa

Managing Global Transitions, 2015, vol. 13, issue 3 (Fall), 231-252

Abstract: Present studies show corporate reluctance and a lack of interest regarding stimulation towards green investment initiative. This paper investigated the association involving profitability and corporate green investment practices in 100 South African CDP companies on the JSE. Using, Chi-square tests, the outcomes of the test demonstrate that profitability influences green investment practices in these JSE listed firms. Furthermore, a positive direct correlation between profitability and green investment practices in these JSE listed firms was determined. The paper hence indicates that firms can experience improved performance (profitability) if green investment activities are integrated.

Keywords: corporate profitability; green investment practices; JSE listed firms; Carbon Disclosure Project (CDP); South Africa (search for similar items in EconPapers)
JEL-codes: M14 Q01 Q53 Q54 Q56 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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