The Relationship between Non-financial Reporting, Environmental Strategies and Financial Performance. Empirical Evidence from Milano Stock Exchange
Simone Pizzi ()
Additional contact information
Simone Pizzi: Department of Economic Sciences, Università del Salento, 73100 Lecce LE, Italy
Administrative Sciences, 2018, vol. 8, issue 4, 1-9
The CSR theme has taken on an increasingly central role within financial markets. In fact, the last decade has been characterized by a rapid development of “socially responsible” investment, conventionally known as SRI. In this sense, an increasing number of listed firms have reported their non-financial information to the purpose to favor the interaction with their stakeholders. The relevance of these information tools stems from the need to protect investors against companies operating through greenwashing mechanisms. The aim of this research is to assess the effect of CSR on financial economic performance. As already happened within similar studies concerning economic entities different from Italy, the study assesses how the ability to generate income, and, thus, to distribute value towards the shareholder, are influenced by the orientation of companies in the field of sustainability accounting and the aptitude to check the environmental risk associated with the exercise of business activity.
Keywords: corporate social responsibility; greenwashing (search for similar items in EconPapers)
JEL-codes: M M0 M1 M10 M11 M12 M14 M15 M16 L (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:gam:jadmsc:v:8:y:2018:i:4:p:76-:d:185914
Access Statistics for this article
Administrative Sciences is currently edited by Dr. Robert G. DelCampo
More articles in Administrative Sciences from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().