Determinants of corporate green investment practices in the Johannesburg Stock Exchange listed firms

Ganda Fortune, Collins C. Ngwakwe and Cosmas M. Ambe

International Journal of Sustainable Economy, 2017, vol. 9, issue 3, 250-279

Abstract: The purpose of this study was to determine the factors which spur corporate green investment practices amongst 100 South African CDP companies listed on the Johannesburg Stock Exchange (JSE). The data were sourced from companies' annual sustainability reports over a period of five years (2010 to 2014). Using chi-square tests the findings indicate that legislation influences the corporate green investment practices of JSE listed firms as do corporate image, profitability and environmental consciousness. Legislation, corporate image, profitability and environmental consciousness also showed a significant relationship with the green investment practices of JSE listed firms. An increasing number of JSE listed firms supporting examined variables was also noted from 2010 to 2014. This study makes a modest contribution to knowledge by suggesting a framework to understand corporate green investment practice in JSE listed firms based on the study's findings and a review of the literature.

Keywords: environmental legislation; corporate image; green investment practices; profitability; environmental consciousness; Johannesburg Stock Exchange; JSE listed firms. (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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