Eco-efficiency and financial performance in Latin American countries: An environmental intensity approach
This research contributes to the literature by empirically demonstrating the economic effect of listed companies’ eco-efficiency in Brazil, Chile, Colombia, and Mexico through an environmental intensity approach. We find evidence of a positive relationship between eco-efficiency and financial perfor...
| Autores principales: | , , , |
|---|---|
| Formato: | Artículo |
| Lenguaje: | inglés |
| Publicado: |
Elsevier Science
2022
|
| Materias: | |
| Acceso en línea: | http://eprints.uanl.mx/22480/1/22480.pdf |
| _version_ | 1824416541982064640 |
|---|---|
| author | Rodríguez García, Martha del Pilar Galindo Manrique, Alicia Fernanda Cortez Alejandro, Klender Aimer Méndez Sáenz, Alma Berenice |
| author_facet | Rodríguez García, Martha del Pilar Galindo Manrique, Alicia Fernanda Cortez Alejandro, Klender Aimer Méndez Sáenz, Alma Berenice |
| author_sort | Rodríguez García, Martha del Pilar |
| collection | Repositorio Institucional |
| description | This research contributes to the literature by empirically demonstrating the economic effect of listed companies’ eco-efficiency in Brazil, Chile, Colombia, and Mexico through an environmental intensity approach. We find evidence of a positive relationship between eco-efficiency and financial performance; that is, a lower CO2 emission-to-sales ratio increases Tobin’s q, with a stronger impact on those companies with the highest financial performance, mainly those in Brazil and Chile, with lower impacts in Colombia. On the other hand, Mexico shows no such relationship. These results can help investors understand the effect of eco-efficiency on Tobin’s q not only at the median but also in the different quantiles. Moreover, our findings help fill the gap in the literature on eco-efficiency at the micro level in Latin American countries. |
| format | Article |
| id | eprints-22480 |
| institution | UANL |
| language | English |
| publishDate | 2022 |
| publisher | Elsevier Science |
| record_format | eprints |
| spelling | eprints-224802021-11-18T22:04:32Z http://eprints.uanl.mx/22480/ Eco-efficiency and financial performance in Latin American countries: An environmental intensity approach Rodríguez García, Martha del Pilar Galindo Manrique, Alicia Fernanda Cortez Alejandro, Klender Aimer Méndez Sáenz, Alma Berenice HD Industrias, Economía Laboral y Agraria This research contributes to the literature by empirically demonstrating the economic effect of listed companies’ eco-efficiency in Brazil, Chile, Colombia, and Mexico through an environmental intensity approach. We find evidence of a positive relationship between eco-efficiency and financial performance; that is, a lower CO2 emission-to-sales ratio increases Tobin’s q, with a stronger impact on those companies with the highest financial performance, mainly those in Brazil and Chile, with lower impacts in Colombia. On the other hand, Mexico shows no such relationship. These results can help investors understand the effect of eco-efficiency on Tobin’s q not only at the median but also in the different quantiles. Moreover, our findings help fill the gap in the literature on eco-efficiency at the micro level in Latin American countries. Elsevier Science 2022 Article PeerReviewed text en cc_by_nc_nd http://eprints.uanl.mx/22480/1/22480.pdf http://eprints.uanl.mx/22480/1.haspreviewThumbnailVersion/22480.pdf Rodríguez García, Martha del Pilar y Galindo Manrique, Alicia Fernanda y Cortez Alejandro, Klender Aimer y Méndez Sáenz, Alma Berenice (2022) Eco-efficiency and financial performance in Latin American countries: An environmental intensity approach. Research in International Business and Finance, 59. pp. 1-10. ISSN 02755319 http://doi.org/10.1016/j.ribaf.2021.101547 doi:10.1016/j.ribaf.2021.101547 |
| spellingShingle | HD Industrias, Economía Laboral y Agraria Rodríguez García, Martha del Pilar Galindo Manrique, Alicia Fernanda Cortez Alejandro, Klender Aimer Méndez Sáenz, Alma Berenice Eco-efficiency and financial performance in Latin American countries: An environmental intensity approach |
| thumbnail | https://rediab.uanl.mx/themes/sandal5/images/online.png |
| title | Eco-efficiency and financial performance in Latin American countries: An environmental intensity approach |
| title_full | Eco-efficiency and financial performance in Latin American countries: An environmental intensity approach |
| title_fullStr | Eco-efficiency and financial performance in Latin American countries: An environmental intensity approach |
| title_full_unstemmed | Eco-efficiency and financial performance in Latin American countries: An environmental intensity approach |
| title_short | Eco-efficiency and financial performance in Latin American countries: An environmental intensity approach |
| title_sort | eco efficiency and financial performance in latin american countries an environmental intensity approach |
| topic | HD Industrias, Economía Laboral y Agraria |
| url | http://eprints.uanl.mx/22480/1/22480.pdf |
| work_keys_str_mv | AT rodriguezgarciamarthadelpilar ecoefficiencyandfinancialperformanceinlatinamericancountriesanenvironmentalintensityapproach AT galindomanriquealiciafernanda ecoefficiencyandfinancialperformanceinlatinamericancountriesanenvironmentalintensityapproach AT cortezalejandroklenderaimer ecoefficiencyandfinancialperformanceinlatinamericancountriesanenvironmentalintensityapproach AT mendezsaenzalmaberenice ecoefficiencyandfinancialperformanceinlatinamericancountriesanenvironmentalintensityapproach |