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The Importance of Environmental Resposibility in Firm Financial Performance

Author

Listed:
  • Dãnilã Alexandra

    ("Ovidius" University of Constanta)

  • Horga Maria-Gabriela

    ("Ovidius" University of Constanta)

Abstract

Ensuring environmental protection is one of the three pillars of sustainable development. Identifying the factors that lead to enterprise financial performance must take into consideration environmental factors. Research in the field showed an increasing importance of such factors in obtaining financial results. Present paper aims to demonstrate the link between environmental responsibility and firm financial performance, using statistical tools. Research was conducted in Romanian tourism sector and is based on a survey among employees of enterprises within this sector. In addition to this, financial documents of the investigated sample were studied in order to collect data for results' correlation.

Suggested Citation

  • Dãnilã Alexandra & Horga Maria-Gabriela, 2014. "The Importance of Environmental Resposibility in Firm Financial Performance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(3), pages 11-15, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:3:p:11-15
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/volum2014si.pdf
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    More about this item

    Keywords

    environmental responsibility; return on equity; turnover growth; firm financial structure; correlation coefficients;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

    Statistics

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