Determinants and financial consequences of environmental performance and reporting: A literature review of European archival research

Research output: Journal contributionsScientific review articlesResearch

Standard

Determinants and financial consequences of environmental performance and reporting: A literature review of European archival research. / Velte, Patrick.
In: Journal of Environmental Management, Vol. 340, 117916, 15.08.2023.

Research output: Journal contributionsScientific review articlesResearch

Harvard

APA

Vancouver

Bibtex

@article{e155ad3d36354efbb013ec495bcac804,
title = "Determinants and financial consequences of environmental performance and reporting: A literature review of European archival research",
abstract = "Motivated by the EU Green Deal project as a unique setting, we present the first literature review of firm- and country-related determinants of environmental performance (EP) and environmental reporting (ER) and their financial consequences for the European capital market. Based on legitimacy and stakeholder theories, we conducted a structured literature review and examined 124 peer-reviewed empirical-quantitative (archival) studies. There were clear indications that board gender diversity, sustainability board committees, firm size, and environmentally sensitive industries are the main drivers of increased environmental outputs. Moreover, although positive financial consequences of increased EP and ER were identified, this was true for accounting-based financial performance but not for market-based measures.",
keywords = "Management studies, Sustainability sciences, Management & Economics, Carbon performance, carbon reporting, environmental performance, Environmental reporting, legitimacy theory, Stakeholder theory",
author = "Patrick Velte",
note = "Publisher Copyright: {\textcopyright} 2023 Elsevier Ltd",
year = "2023",
month = aug,
day = "15",
doi = "10.1016/j.jenvman.2023.117916",
language = "English",
volume = "340",
journal = "Journal of Environmental Management",
issn = "0301-4797",
publisher = "Elsevier B.V.",

}

RIS

TY - JOUR

T1 - Determinants and financial consequences of environmental performance and reporting: A literature review of European archival research

AU - Velte, Patrick

N1 - Publisher Copyright: © 2023 Elsevier Ltd

PY - 2023/8/15

Y1 - 2023/8/15

N2 - Motivated by the EU Green Deal project as a unique setting, we present the first literature review of firm- and country-related determinants of environmental performance (EP) and environmental reporting (ER) and their financial consequences for the European capital market. Based on legitimacy and stakeholder theories, we conducted a structured literature review and examined 124 peer-reviewed empirical-quantitative (archival) studies. There were clear indications that board gender diversity, sustainability board committees, firm size, and environmentally sensitive industries are the main drivers of increased environmental outputs. Moreover, although positive financial consequences of increased EP and ER were identified, this was true for accounting-based financial performance but not for market-based measures.

AB - Motivated by the EU Green Deal project as a unique setting, we present the first literature review of firm- and country-related determinants of environmental performance (EP) and environmental reporting (ER) and their financial consequences for the European capital market. Based on legitimacy and stakeholder theories, we conducted a structured literature review and examined 124 peer-reviewed empirical-quantitative (archival) studies. There were clear indications that board gender diversity, sustainability board committees, firm size, and environmentally sensitive industries are the main drivers of increased environmental outputs. Moreover, although positive financial consequences of increased EP and ER were identified, this was true for accounting-based financial performance but not for market-based measures.

KW - Management studies

KW - Sustainability sciences, Management & Economics

KW - Carbon performance

KW - carbon reporting

KW - environmental performance

KW - Environmental reporting

KW - legitimacy theory

KW - Stakeholder theory

UR - http://www.scopus.com/inward/record.url?scp=85154041455&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/b0693c81-603e-33ee-8138-09a9d91372cd/

U2 - 10.1016/j.jenvman.2023.117916

DO - 10.1016/j.jenvman.2023.117916

M3 - Scientific review articles

C2 - 37141659

VL - 340

JO - Journal of Environmental Management

JF - Journal of Environmental Management

SN - 0301-4797

M1 - 117916

ER -