Factors and contingencies for the “it pays to be green hypothesis”. The european union’s emissions trading system (EU ETS) and financial crisis as contexts

Cañón-De-Francia, Joaquín (Universidad de Zaragoza) ; Garcés-Ayerbe, Concepción (Universidad de Zaragoza)

Resumen: This study provides empirical evidence related to the “it pays to be green” hypothesis. Based on information from panel data approximately 42 industrial companies during an 8-year period, we determine some of the factors and contingences that affect the fulfilment of that hypothesis. We find that a certain level of proactivity in environmental strategy design is one of the conditions that favors a positive relationship between environmental investment and financial performance. We also provide empirical evidence on how some external conditions affect this positive relationship, such as regulatory pressure from the European Union Emissions Trading System (EU ETS) and the financial crisis.

Idioma: Inglés

DOI: 10.3390/ijerph16162988

Año: 2019

Publicado en: International journal of environmental research and public health 16, 16 (2019), 2988 [15 pp.]
ISSN: 1661-7827

Factor impacto JCR: 2.849 (2019)

Categ. JCR: PUBLIC, ENVIRONMENTAL & OCCUPATIONAL HEALTH rank: 32 / 169 = 0.189 (2019) - Q1 - T1
Categ. JCR: ENVIRONMENTAL SCIENCES rank: 105 / 264 = 0.398 (2019) - Q2 - T2
Categ. JCR: PUBLIC, ENVIRONMENTAL & OCCUPATIONAL HEALTH rank: 58 / 193 = 0.301 (2019) - Q2 - T1

Factor impacto SCIMAGO: 0.739 - Health, Toxicology and Mutagenesis (Q2) - Public Health, Environmental and Occupational Health (Q2) - Pollution (Q2)

Financiación: info:eu-repo/grantAgreement/ES/DGA/CREVALOR
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2016-77-P
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2017-86305-C4-3-R

Tipo y forma: Article (Published version)

Área (Departamento): Área Organización de Empresas (Dpto. Direcc.Organiza.Empresas)