Does Environmental Strategy Improve Financial Performance ? A Meta-Analytical Review

Elisabeth Albertini ()
Additional contact information
Elisabeth Albertini: IAE Paris - Sorbonne Business School

Post-Print from HAL

Abstract: The relationship between corporate environmental and financial performance has received a high degree of attention in research literature and the results are still contradictory. Empirical research has revealed that companies have implemented different types of environmental strategies in order to improve their environmental performance and, as a result, their financial performance. We conducted a meta-analysis and a meta-regression of 52 prior studies which confirms a significant and positive relationship between pro-active environmental strategy and financial performance, and between environmental disclosure and financial performance. This meta-analysis answers the question: ?Does it pay to be green?? in the affirmative.

Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Published in Academy of Management (AoM), 2012, Boston, United States

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02082476

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().