Colorado College Logo

  DigitalCC

Use AND (in capitals) to search multiple keywords.
Example: harmonica AND cobos

ENVIRONMENTAL PERFORMANCE AND ITS EFFECT ON FINANCIAL PERFORMANCE: A STUDY OF COMPANIES IN DEVELOPED AND TRANSITIONING ECONOMIES OF THE EUROPEAN UNION

by Sukdolakova, Katerina

Abstract

The decision to pursue environmental strategies on a company level often carries financial considerations. This paper develops a regression model to examine the relationship and possible differences between financial and environmental performance of companies in western and eastern EU countries. Environmental performance is assessed through a combination of quantitative and qualitative measures focusing on both emission levels and company policies on bettering environmental performance. Financial performance is represented by profit margin. The paper concludes that improvements in company environmental performance lead to better financial performance. Decrease in carbon intensity, presence of a policy of emission reduction, and use of sustainable criteria in the selection of suppliers and trading partners are variables that positively impact financial performance. No difference was found in the sample between eastern and western EU companies or in the strength of the effect of environmental improvements on financial performance.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College
PID
coccc:11149
Digital Origin
born digital
Extent
44 pages
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Smith, Mark
Department/Program
Department of Economics and Business
Degree Name
Bachelor of Arts
Degree Type
bachelor
Degree Grantor
Colorado College
Date Issued
2015-05