Financial performance of environmentally responsible South African listed companies
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Date
Authors
Wingard, H.C.
Vorster, Q. (Quintus)
Journal Title
Journal ISSN
Volume Title
Publisher
School of Accounting Sciences, UP
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.
Description
Keywords
Environmental responsibility, Financial performance, Correlation analysis
Sustainable Development Goals
Citation
Wingard, HC & Vorster, Q 2001, 'Financial performance of environmentally responsible South African listed companies', Meditari : Research Journal of the School of Accounting Sciences, vol. 9, pp. 313-332. [http://www.meditari.org.za]