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dc.contributor.authorLee, Ki-Hoon
dc.contributor.authorCin, Beom Cheol
dc.contributor.authorLee, Eui Young
dc.description.abstractThis paper investigates the way in which environmental responsibility impacts on corporate financial performance, measured by return on equity (ROE) and return on assets (ROA). Using a sample of Korean firms covering the period 2011–2012, and employing two different test methods, namely the OLS and 2SLS methods, we show that the relationships between environmental responsibility performance and firms’ ROE and ROA are positive and statistically significant. However, we show that research and development (R&D) intensity (expenditure) does not affect either environmental responsibility or corporate financial performance. The results of this analysis encourage further empirical analysis of the industries, as well as the use of more than one estimation method to determine environmental responsibility and corporate financial performance within firms.en_US
dc.publisherJohn Wiley & Sons Ltd.en_US
dc.relation.ispartofjournalBusiness Strategy and the Environmenten_US
dc.subject.fieldofresearchEnvironmental Science and Management not elsewhere classifieden_US
dc.titleEnvironmental Responsibility and Firm Performance: The Application of an Environmental, Social and Governance Modelen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of International Business and Asian Studiesen_US
gro.hasfulltextNo Full Text

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