search query: @indexterm Egypt / total: 73
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| Author: | Wahba, H. |
| Title: | Does the market value corporate environmental responsibility? An empirical examination |
| Journal: | Corporate Social Responsibility and Environmental management
2008 : MAR/APR, VOL. 15:2, p. 89-99 |
| Index terms: | financial performance environment corporate responsibility markets Egypt |
| Language: | eng |
| Abstract: | This study aims at presenting empirical evidence as to the influence of engaging in environmental responsibility (hereafter as: env-resp.) on corporate market value in the Egyptian context. It is shown that the market compensates those firms caring for their environment, as env-resp. exerted a positive and significant coefficient on the firm market value measured by Tobin's 'q' ratio. This aligns stakeholder theory as well as resource-based theory arguments, providing supporting evidence for those studies concluding that it pays to be environmentally responsive. |
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