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Effects of Ownership and Financial Status on Corporate Environmental Performance

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  • Dietrich Earnhart
  • Lubomir Lizal

Abstract

This paper analyzes the effects of ownership structure on corporate environmental performance and examines the link between financial performance to environmental performance in a transition economy. In particular, it analyzes these ownership effects and this performance link using an unbalanced panel of Czech firms for the years 1993 to 1998. It considers state ownership and various types of private ownership, while contrasting concentrated and diffuse forms of private ownership. Additionally, it examines whether or not successful financial performance begets or undermines good environmental performance.

Suggested Citation

  • Dietrich Earnhart & Lubomir Lizal, 2002. "Effects of Ownership and Financial Status on Corporate Environmental Performance," CERGE-EI Working Papers wp203, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    • Handle: RePEc:cer:papers:wp203
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    Cited by:

    1. K.K. Jain & P.K. Gupta & Sanjiv Mittal, 2011. "Logistic Predictive Model for SMEs Financing in India," Vision, , vol. 15(4), pages 331-346, December.
    2. Tomáš Brzobohatý & Petr Janský, 2010. "Impact of CO 2 Emissions Reductions on Firms’ Finance in an Emerging Economy: The Case of the Czech Republic," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 17(4), pages 725-736, December.
    3. David L. Kelly, 2006. "Subsidies to Industry and the Environment," Working Papers 0602, University of Miami, Department of Economics.
    4. Giulio Cainelli & Massimiliano Mazzanti & Roberto Zoboli, 2013. "Environmental performance, manufacturing sectors and firm growth: structural factors and dynamic relationships," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 15(4), pages 367-387, October.
    5. Dietrich Earnhart & Lubomir Lizal, 2008. "Pollution reductions in the Czech Republic," Post-Communist Economies, Taylor & Francis Journals, vol. 20(2), pages 231-252.
    6. Davide Antonioli & Massimiliano Mazzanti, 2009. "Techno-organisational strategies, environmental innovations and economic performances. Micro-evidence from an SME-based industrial district," Journal of Innovation Economics, De Boeck Université, vol. 0(1), pages 145-168.
    7. Bajona, Claustre & Kelly, David L., 2012. "Trade and the environment with pre-existing subsidies: A dynamic general equilibrium analysis," Journal of Environmental Economics and Management, Elsevier, vol. 64(2), pages 253-278.
    8. Jiafeng Zong & Man Guo & Zongjian Lin & Qi Yang, 2020. "Senior Executives' Political Connections and Corporate Environmental Behavior—Empirical Research From the Chinese A‐Share Market," Review of Policy Research, Policy Studies Organization, vol. 37(4), pages 556-571, July.
    9. Claustre Bajona & David Kelly, 2006. "Free trade agreements and the environment with pre-existing subsidies," 2006 Meeting Papers 306, Society for Economic Dynamics.
    10. Claudia Poser & Edeltraud Guenther & Marc Orlitzky, 2012. "Shades of green: using computer-aided qualitative data analysis to explore different aspects of corporate environmental performance," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 22(4), pages 413-450, January.
    11. Hongqi Ma & Guangjun Shen & Jingxian Zou, 2024. "Does excess capacity strengthen firms' dependence on the polluting path? Evidence from Chinese iron and steel firms," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 32(3), pages 971-1000, July.

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    More about this item

    Keywords

    Czech Republic; environmental protection; pollution; ownership; financial status;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • D62 - Microeconomics - - Welfare Economics - - - Externalities

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