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| Author: | Wagner, M. Schaltegger, S. |
| Title: | The Relationship between the Environmental and Economic Performance of Firms: What does theory propose and what does empirical evidence tell us? |
| Journal: | Greener Management International
2001 : SUMMER, 34, p. 95-108 |
| Index terms: | ENVIRONMENT ECONOMIC PERFORMANCE COMPANIES EMPIRICAL RESEARCH |
| Language: | eng |
| Abstract: | This paper discusses several possible 'idealized' functional relationships between environmental and economic performance rooted in different theoretical frameworks. Following this, it reviews empirical studies that investigate this relationship and it analyses their results. This is done separately for event studies, portfoli studies and multiple regression studies, with particular regard to the data sets used, the environmental performance measures applied and the economic performance measures utilised, including data sources for the latter two study types. Subsequently, the paper discusses the consistency and comparability of empirical findings and their link to the theoretically derived 'idealised' functional relationships. |
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