Environmental and Financial Performance of Fossil Fuel Firms: A Closer Inspection of their Interaction

Gönenç, Halit; Scholtens, Bert

doi:10.1016/j.ecolecon.2016.10.004

Cited by 121 publications

(80 citation statements)

References 33 publications

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“…Damert et al [14] surveyed the factors and long-run performance results of company carbon policy within 45 leading enterprises from the steel, cement, and automotive sector in 2008 and 2013; findings showed that activities to minimise carbon emissions had no association with long-term improvements in carbon performance, despite their relationship to long-term financial returns. Gonenc and Scholtens [15] argued that, for fossil fuel companies (chemicals, oil, gas, and coal), environmental outperformance (over the studied period, 2002-2013) does not influence chemical firm financial performance, diminishes both returns and risks for coal companies, produces mixed effects in oil and gas financial returns, and minimises financial risks in gas and oil companies. Misani and Pogutz [41] used a non-linear approach to investigate environmental results and procedures on corporate financial performance using carbon-intensive firms (from the CDP from 2007 to 2013); they concluded that companies acquired their highest financial returns when their carbon performance was intermediate, that is, neither high nor low.…”

Section: Empirical Study Results and The Development Of The Hypothesismentioning

confidence: 99%

“…Although, according to Institutional theory, an apparent motive would be to establish stability along with order, the management teams of companies inevitably subscribe to not only consensus and conformity but they also engage with matters of conflict and transformation in social frameworks [13]. Organisational forces are seen as a regulatory body on the interests, goals, and desires of an individual, thereby shaping scenarios for action; such forces may also influence a specific course of action, resulting in continual adoption or transformation [14][15][16]. In this vein, a vital constituent of the social environment affects how institutions are organized, in which organisations have "regulative, normative, and cognitive structures and activities that provide stability and meaning for social behavior" [17].…”

Section: Institutional Theorymentioning

confidence: 99%

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The Impact of Carbon Emissions on Corporate Financial Performance: Evidence from the South African Firms

Ganda

Milondzo

2018

Sustainability

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Abstract:The impact of carbon emissions on corporate financial performance within the African corporate setting has remained open and inconclusive, owing primarily to the unavailability of data. However, this paper examines the effect of carbon emissions (Scope 1, Scope 2, and Scope 1 and 2) on the financial performance (ROE, ROI, and ROS) of 63 South African CDP companies for the 2015 fiscal year. Using multiple regression techniques, the paper found overwhelming evidence of a negative relationship between carbon emissions and corporate financial performance. Thus, results indicate that companies which integrate green investment initiatives designed to lower carbon emissions can effectually manage financial performance. Therefore, the paper provides useful insights on how companies can fully utilise their organisational resources and capabilities as well as gain insight, resulting in a higher environmental and financial performance within a firm.

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Section: Empirical Study Results and The Development Of The Hypothesismentioning

confidence: 99%

Section: Institutional Theorymentioning

confidence: 99%

The Impact of Carbon Emissions on Corporate Financial Performance: Evidence from the South African Firms

Ganda

Milondzo

2018

Sustainability

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“…Based on the work done by CSR researchers, one promising field of enquiry is the study of potential links between social or environmental performance and financial performance of a new venture, which in the corporate realm is frequently shown to be positive (Forcadell & Aracil, 2017;Gonenc & Scholtens, 2017;Heras-Saizarbitoria et al, 2011;Jackson et al, 2015;Li et al, 2017;Muhammad et al, 2015;Wang & Berens, 2015;Wang & Choi, 2013).…”

Section: Financial Performance/csp Indexmentioning

confidence: 99%

Firms with benefits: A systematic review of responsible entrepreneurship and corporate social responsibility literature

Tiba

Rijnsoever

Hekkert

2018

Corp Soc Responsibility Env

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The scholarly literature has so far paid limited attention to responsibility by commercial entrepreneurs. This paper compares responsible entrepreneurship (RE) and corporate social responsibility (CSR) scholarship in order to identify future fields of research.For this purpose, we assess the strengths and weaknesses of extant RE scholarship through the lens of CSR. We have reviewed 11,260 papers via latent Dirichlet allocation for our work. We find that existing RE literature places disproportionate emphasis on how firms can benefit society instead of on how contributions to sustainable development can benefit a firm. Furthermore, the RE literature pays limited attention to employee well-being, customer preference, and civil society as a stakeholder. Also, environmental issues and their balancing with financial and social issues remain relatively under-researched. Overall, we hope that scholarly works inspired by this study may ultimately help to ensure responsible behaviour of start-ups.

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“…Modern economies are driven by the availability of reliable energy sources. Conventional energy sources such as fossil fuels (coal, gas, and oil) are being depleted at a fast rate, accompanied by the destruction of ecosystems and habitats, the extinction of wildlife, and pollution of the environment [4][5][6][7][8]. A primary concern of harvesting energy from fossil fuels is that it is unsustainable in the long term, so this has driven researchers and the industry to adopt sustainable and renewable energy technologies.…”

Section: Introductionmentioning

confidence: 99%

Supercapacitor Energy Storage Device Using Biowastes: A Sustainable Approach to Green Energy

et al. 2019

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The demand for renewable energy sources worldwide has gained tremendous research attention over the past decades. Technologies such as wind and solar have been widely researched and reported in the literature. However, economical use of these technologies has not been widespread due partly to cost and the inability for service during of-source periods. To make these technologies more competitive, research into energy storage systems has intensified over the last few decades. The idea is to devise an energy storage system that allows for storage of electricity during lean hours at a relatively cheaper value and delivery later. Energy storage and delivery technologies such as supercapacitors can store and deliver energy at a very fast rate, offering high current in a short duration. The past decade has witnessed a rapid growth in research and development in supercapacitor technology. Several electrochemical properties of the electrode material and electrolyte have been reported in the literature. Supercapacitor electrode materials such as carbon and carbon-based materials have received increasing attention because of their high specific surface area, good electrical conductivity and excellent stability in harsh environments etc. In recent years, there has been an increasing interest in biomass-derived activated carbons as an electrode material for supercapacitor applications. The development of an alternative supercapacitor electrode material from biowaste serves two main purposes: (1) It helps with waste disposal; converting waste to a useful product, and (2) it provides an economic argument for the substantiality of supercapacitor technology. This article reviews recent developments in carbon and carbon-based materials derived from biowaste for supercapacitor technology. A comparison between the various storage mechanisms and electrochemical performance of electrodes derived from biowaste is presented.Sustainability 2019, 11, 414 2 of 22 renewable energy sources such as solar energy, geothermal energy, wind energy, biofuels, etc., while electrochemical energy storage devices such as supercapacitors, rechargeable batteries, etc. have also attracted significant research [9][10][11]. It is not an overstatement to say that successful development of any renewable energy source (e.g., windmills and solar cells), hybrid and electric vehicles and smart grids depend significantly upon the availability of a suitable energy storage system. A considerable amount of literature has been published on the use of supercapacitors as a viable storage device for renewable energy. Over 20,000 articles, books etc. were published in 2017, a higher number of research work is projected for 2018 (data from google scholar). There has been a geometric increase in the research published since the year 2000. Since supercapacitors were first experimented in 1957 by engineers at General Electric, they have found commercial applications in portable electronics, transportation and aerospace industry [12,13]. These applications of supercapacitors ...

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Environmental and Financial Performance of Fossil Fuel Firms: A Closer Inspection of their Interaction

Cited by 121 publications

References 33 publications

The Impact of Carbon Emissions on Corporate Financial Performance: Evidence from the South African Firms

The Impact of Carbon Emissions on Corporate Financial Performance: Evidence from the South African Firms

Firms with benefits: A systematic review of responsible entrepreneurship and corporate social responsibility literature

Supercapacitor Energy Storage Device Using Biowastes: A Sustainable Approach to Green Energy

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