Does better environmental performance affect revenues, cost, or both? Evidence from a transition economy

0085688 - NHÚ 2008 US eng J - Journal Article
Earnhart, D. - Lízal, Lubomír
Does better environmental performance affect revenues, cost, or both? Evidence from a transition economy.
William Davidson Institute Working Paper Series. -, č. 856 (2007), s. 1-44
Keywords : environmental protection * pollution * financial performance
Subject RIV: AH - Economics
http://www.bus.umich.edu/KresgeLibrary/Collections/Workingpapers/wdi/wp856.pdf

Our study analyzes the links from environmental performance to revenues, costs, and profits using an unbalanced panel of Czech firms from the years 1996 to 1998. The analytical results indicate strongly that better environmental performance improves profitability by driving down costs more than it drives down revenues, consistent with the substantial regulatory scrutiny exerted by environmental agencies and the primary pollution control approach implemented by firms during the sample period.
Permanent Link: http://hdl.handle.net/11104/0148144