Financial performance of environmentally responsible South African listed companies
Abstract
The problem investigated is whether there is a positive relationship between the environmental responsibility and the financial performance of South African listed companies. The financial performance measures ROE, ROA, ROC and EVA were individually correlated with the environmental reporting percentages (i.e. the measure for environmental responsibility) for all the companies. Based on the results of the correlation analyses, it is concluded that there is a positive relationship between the environmental responsibility and the financial performance of South African listed companies; i.e. the higher the level of environmental responsibility of a company, the better its financial performance.
Keywords
Citation
Wingard, H.C. and Vorster, Q. (2001), "Financial performance of environmentally responsible South African listed companies", Meditari Accountancy Research, Vol. 9 No. 1, pp. 313-332. https://doi.org/10.1108/1022252920010017
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited