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]