Sector and Country Effects of Carbon Reduction and Firm Performance

Robin Van Emous; Rytis Krusinskas; Wim Westerman

doi:10.1007/978-3-031-48457-5_13

Sector and Country Effects of Carbon Reduction and Firm Performance

Robin Van Emous^*, Rytis Krusinskas, Wim Westerman

^*Corresponding author for this work

Economics, Econometrics and Finance

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

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Abstract

Previous studies have indicated a positive association between carbon reduction and firm performance. Using a dataset covering firms across 10 sectors and 53 countries over the period 2004–2019, we add to the literature by showing the differences between sectors and various groupings of countries on carbon reduction and firm performance in terms of the return on assets, the return on equity and the return on sales, as well as the Tobin’s Q and the current ratio. The services sector shows a positive result in relation to most of the corporate financial performance variables. The results also provide evidence for a negative relationship for agricultural and mining firms. The findings indicate that differences in carbon reduction are limited when allowing for various ways of grouping countries.

Original language	English
Title of host publication	The ESG Framework and the Energy Industry Demand and Supply, Market Policies and Value Creation
Subtitle of host publication	Demand and Supply, Market Policies and Value Creation
Editors	James Thewissen, Özgür Arslan-Ayaydin, Wim Westerman, André Dorsman
Publisher	Springer
Chapter	13
Pages	265-316
Number of pages	52
ISBN (Electronic)	978-3-031-48457-5
ISBN (Print)	978-3-031-48459-9, 978-3-031-48456-8
DOIs	https://doi.org/10.1007/978-3-031-48457-5_13
Publication status	Published - 14-Jan-2024

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10.1007/978-3-031-48457-5_13

Sector and Country Effects of Carbon Reduction and Firm PerformanceFinal publisher's version, 437 KBLicence: Taverne

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The ESG Framework and the Energy Industry: Demand and Supply, Market Policies and Value Creation
Thewissen, J. (Editor), Arslan-Ayaydin, Ö. (Editor), Westerman, W. & Dorsman, A. (Editor), Jan-2024, Springer. 316 p.
Research output: Book/Report › Book › Academic › peer-review

Cite this

Van Emous, R., Krusinskas, R., & Westerman, W. (2024). Sector and Country Effects of Carbon Reduction and Firm Performance. In J. Thewissen, Ö. Arslan-Ayaydin, W. Westerman, & A. Dorsman (Eds.), The ESG Framework and the Energy Industry Demand and Supply, Market Policies and Value Creation: Demand and Supply, Market Policies and Value Creation (pp. 265-316). Springer. https://doi.org/10.1007/978-3-031-48457-5_13

Van Emous, Robin ; Krusinskas, Rytis ; Westerman, Wim. / Sector and Country Effects of Carbon Reduction and Firm Performance. The ESG Framework and the Energy Industry Demand and Supply, Market Policies and Value Creation: Demand and Supply, Market Policies and Value Creation. editor / James Thewissen ; Özgür Arslan-Ayaydin ; Wim Westerman ; André Dorsman. Springer, 2024. pp. 265-316

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Van Emous, R, Krusinskas, R & Westerman, W 2024, Sector and Country Effects of Carbon Reduction and Firm Performance. in J Thewissen, Ö Arslan-Ayaydin, W Westerman & A Dorsman (eds), The ESG Framework and the Energy Industry Demand and Supply, Market Policies and Value Creation: Demand and Supply, Market Policies and Value Creation. Springer, pp. 265-316. https://doi.org/10.1007/978-3-031-48457-5_13

Sector and Country Effects of Carbon Reduction and Firm Performance. / Van Emous, Robin; Krusinskas, Rytis; Westerman, Wim.
The ESG Framework and the Energy Industry Demand and Supply, Market Policies and Value Creation: Demand and Supply, Market Policies and Value Creation. ed. / James Thewissen; Özgür Arslan-Ayaydin; Wim Westerman; André Dorsman. Springer, 2024. p. 265-316.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

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T1 - Sector and Country Effects of Carbon Reduction and Firm Performance

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AU - Krusinskas, Rytis

AU - Westerman, Wim

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N2 - Previous studies have indicated a positive association between carbon reduction and firm performance. Using a dataset covering firms across 10 sectors and 53 countries over the period 2004–2019, we add to the literature by showing the differences between sectors and various groupings of countries on carbon reduction and firm performance in terms of the return on assets, the return on equity and the return on sales, as well as the Tobin’s Q and the current ratio. The services sector shows a positive result in relation to most of the corporate financial performance variables. The results also provide evidence for a negative relationship for agricultural and mining firms. The findings indicate that differences in carbon reduction are limited when allowing for various ways of grouping countries.

AB - Previous studies have indicated a positive association between carbon reduction and firm performance. Using a dataset covering firms across 10 sectors and 53 countries over the period 2004–2019, we add to the literature by showing the differences between sectors and various groupings of countries on carbon reduction and firm performance in terms of the return on assets, the return on equity and the return on sales, as well as the Tobin’s Q and the current ratio. The services sector shows a positive result in relation to most of the corporate financial performance variables. The results also provide evidence for a negative relationship for agricultural and mining firms. The findings indicate that differences in carbon reduction are limited when allowing for various ways of grouping countries.

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BT - The ESG Framework and the Energy Industry Demand and Supply, Market Policies and Value Creation

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PB - Springer

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Van Emous R, Krusinskas R, Westerman W. Sector and Country Effects of Carbon Reduction and Firm Performance. In Thewissen J, Arslan-Ayaydin Ö, Westerman W, Dorsman A, editors, The ESG Framework and the Energy Industry Demand and Supply, Market Policies and Value Creation: Demand and Supply, Market Policies and Value Creation. Springer. 2024. p. 265-316 doi: 10.1007/978-3-031-48457-5_13

Sector and Country Effects of Carbon Reduction and Firm Performance

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Research output

The ESG Framework and the Energy Industry: Demand and Supply, Market Policies and Value Creation

Cite this