تاثیر عملکرد زیست محیطی در مورد عملکرد مالی
الموضوعات : Journal of Business Analysis
1 -
الکلمات المفتاحية: عملکرد زیست محیطی, عملکرد مالی, ارزش افزوده بازار, ارزش افزوده اقتصادی, بازده دارایی ها, بازده حقوق صاحبان سهام,
ملخص المقالة :
مقاله حاضر به دنبال بررسی رابطه بین عملکرد زیست محیطی و عملکرد مالی شرکت های بورس اوراق بهادار تهران است. عملکرد زیست محیطی توسط پرسشنامه و عملکرد مالی با بازده دارایی ها (ROA)، بازده حقوق صاحبان سهام (ROE)، ارزش افزوده بازار (MVA) و ارزش افزوده اقتصادی (EVA) اندازه گیری می شود. 85 شرکت به عنوان نمونه از شرکت های موجود در بورس اوراق بهادار تهران انتخاب شدند. داده های جمع آوری شده با استفاده از مدل سازی معادلات ساختاری (AMOS 20) مورد تجزیه و تحلیل قرار گرفت. این مطالعه نشان داد که بین عملکرد زیست محیطی و ROA و ROE در بین شرکت های ایرانی ارتباط وجود دارد. همچنین نتایج تحقیق نشان داد که بین عملکرد زیست محیطی و MVA و EVA در بین شرکت های ایرانی ارتباطی وجود ندارد.
المصادر:
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Pages 549-560. 3-Alslaibi,Naji., Abdalkarim, Naser. (2024). The Power of ESG Factors in Driving Financial Growth - Insights from
palestine. Vol 5, article number 241. 4-Chang, Y.-J., and Lee, B.-H. (2022). The impact of ESG activities on firm value: multi-level analysis of industrial
characteristics. Sustainability 14:14444. doi: 10.3390/su142114444 5-Gerard, B. (2019). ESG and socially responsible investment: a critical review. Beta 33, 61–83. doi:
10.18261/issn.1504-3134-2019-01-05 6-Liu, H., and Zhang, Z. (2023). The impact of managerial myopia on environmental, social and governance
(ESG) engagement: evidence from Chinese firms. Energy Econ. 122:106705. doi: 10.1016/j.eneco.2023.106705 7-Lokuwaduge, C., and de Silva, K. (2020). Emerging corporate disclosure of environmental social and governance (ESG) risks: an australian study. Australas. Account. Bus. Finance J. 14, 35–50. doi:
10.14453/aabfj.v14i2.4 8-Li, G., Tang, W., And Li, Z. (2024). ESG system and financial performance in industries with significant
environmental impact: a comprehensive analysis: ORIGINAL RESEARCH article. Vol 5 9-Ansari, A & Karimi, M. (2005).Accounting researchs in Iran.No.27.
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Universitat., p. 2. 13-Chen, J & L, Dodd. "Operating Income, Residual Income and EVA(TM) ''Which Metric Is More Value Relevant?" Journal of Managerial Issues, Vol. 13, Issue 1, (Spring 2001), p. 69.
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19-Ikerd, J E.(1996). ''Sustaining the profitability of agriculture, The Economist’s Role in the Agricultural Sustainability Paradigm''. Extension Pre-conference, an Antonio.TX,July27, http://www.ssu. Ikerd
20-Kotler, Philip & Karatajaya, Hermavan & Setiawan, Iwan.(2010). "marketing3 From Products to Customers to the Human Spirit ", Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. ISBN 978-0-470-59882-5, p.104-107.
21-Lehn, K & A K, Makhija. "EVA, Accounting Profits and CEO Turnover: An Empirical Examination", Journal of Applied Corporate Finance, Vol. 10, No. 2, (1996), p. 97.
22-Nakao, Yuriko. (2005). " Relationship between Environmental Performance and Financial Performance: An Empirical Analysis of Japaneses Corporations", working Paper, Kwansei Gakuin University.
23-Richards, JeremyP. (2002). Sustainable development and the minerals industry, department of earth and atmospheric sciences, university of Alberta, (publicized in the society of economic geologists newsletter, January).
24-Sarumpaet, Susi. (2005). "The Relationship between Environmental Performance and Financial Performance Amongst Indonesian Companies" Jurnal Akuntansi & Keuangan ,vol. 7,no. 2, pp. 89- 98.
25-Stewart, G. B. (1991), "The Quest for Value: A Guide for Senior Managers" , (New York: Harper Business Publisher, 1991), p. 66.
26-Torjman, Sh. (2000). ''the Social Dimension of Sustainable Development'', Caledon.
27-World Commission on Environment and Development. (1987). “Our common future”, available at: www.un-documents.net/ocf-02.htm (accessed 23 April 2010).
28-Zhang, Ran & Stem, David, (2007), "Firms Environmental and Financial Performance: An Empirical Study", Working Paper, Rensselaer Polytechnice Inistitute.
1- Bai, H., and Kim, J. (2024). Do ESG Practices Promote Financial Performance? Comparison of English, Chinese, and Korean Papers Through Bibliometric and Meta Analysis: Sustainability 2024, 16(22), 9810; ttps://doi.org/10.3390/su16229810
2-Ozer, G., Aktas, N., and Cam, Ilhan. (2024). Corporate environmental, social, and governance activities and financial reporting quality: An international investigation: Borsa Istanbul ReviewVolume 24, Issue 3, May 2024,
Pages 549-560. 3-Alslaibi,Naji., Abdalkarim, Naser. (2024). The Power of ESG Factors in Driving Financial Growth - Insights from
palestine. Vol 5, article number 241. 4-Chang, Y.-J., and Lee, B.-H. (2022). The impact of ESG activities on firm value: multi-level analysis of industrial
characteristics. Sustainability 14:14444. doi: 10.3390/su142114444 5-Gerard, B. (2019). ESG and socially responsible investment: a critical review. Beta 33, 61–83. doi:
10.18261/issn.1504-3134-2019-01-05 6-Liu, H., and Zhang, Z. (2023). The impact of managerial myopia on environmental, social and governance
(ESG) engagement: evidence from Chinese firms. Energy Econ. 122:106705. doi: 10.1016/j.eneco.2023.106705 7-Lokuwaduge, C., and de Silva, K. (2020). Emerging corporate disclosure of environmental social and governance (ESG) risks: an australian study. Australas. Account. Bus. Finance J. 14, 35–50. doi:
10.14453/aabfj.v14i2.4 8-Li, G., Tang, W., And Li, Z. (2024). ESG system and financial performance in industries with significant
environmental impact: a comprehensive analysis: ORIGINAL RESEARCH article. Vol 5 9-Ansari, A & Karimi, M. (2005).Accounting researchs in Iran.No.27.
10-Balsam, S & R, Lipka . (1998) ''Share Prices and Alternative Measures of Earnings per Share''. Accounting Horizons. (September 1998). p. 248.
11-Banimahd, B & Talebnia, GH & H, Azvaji .(2009). "Investigation the relationship between environmental performance and financial performance".Archive of Scientific Information Database (SID).
12-Bausch, A & E, W, Barbara & M. Blome.(2003). ''Is Market Value-Based Residual Income a Superior Performance Measure Compared to Book Value-Based Residual Income?''. Working Paper, No. 1. Justus-liebig-
Universitat., p. 2. 13-Chen, J & L, Dodd. "Operating Income, Residual Income and EVA(TM) ''Which Metric Is More Value Relevant?" Journal of Managerial Issues, Vol. 13, Issue 1, (Spring 2001), p. 69.
14-
Cohen, M. (1997). "Environmental and Financial Performance: Are They Related?", Vanderbilt University. 15-Diesendorf, M. (2000), ''Sustainability and sustainable development'', in Dunphy, D., Beneveniste, J., Griffiths,
A. and Sutton, P. (Eds), Sustainability: The Corporate Challenge of the 21st Century, Allen and Unwin, Sydney. 16-Epstein, Marc J & M J, Roy (2001). "Sustainability in Action: Identifying and Measuring the Key Performance
Drivers". Long Range Planning 34 (2001) 585–604,www.lrpjournal.com. 17-European Commission. (2001). ''A Framework for Indicators for the Economic and Social Dimensions of Sustainable Agriculture and Rural Development''. London .
18-Freedman, M & J, Bikki. (1992). ''An investigation of the long-run relationship between pollution performance and economic performance: the case of pulp and paper firms''. Critical Perspectives on Accounting: 3, 315-336.
19-Ikerd, J E.(1996). ''Sustaining the profitability of agriculture, The Economist’s Role in the Agricultural Sustainability Paradigm''. Extension Pre-conference, an Antonio.TX,July27, http://www.ssu. Ikerd
20-Kotler, Philip & Karatajaya, Hermavan & Setiawan, Iwan.(2010). "marketing3 From Products to Customers to the Human Spirit ", Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. ISBN 978-0-470-59882-5, p.104-107.
21-Lehn, K & A K, Makhija. "EVA, Accounting Profits and CEO Turnover: An Empirical Examination", Journal of Applied Corporate Finance, Vol. 10, No. 2, (1996), p. 97.
22-Nakao, Yuriko. (2005). " Relationship between Environmental Performance and Financial Performance: An Empirical Analysis of Japaneses Corporations", working Paper, Kwansei Gakuin University.
23-Richards, JeremyP. (2002). Sustainable development and the minerals industry, department of earth and atmospheric sciences, university of Alberta, (publicized in the society of economic geologists newsletter, January).
24-Sarumpaet, Susi. (2005). "The Relationship between Environmental Performance and Financial Performance Amongst Indonesian Companies" Jurnal Akuntansi & Keuangan ,vol. 7,no. 2, pp. 89- 98.
25-Stewart, G. B. (1991), "The Quest for Value: A Guide for Senior Managers" , (New York: Harper Business Publisher, 1991), p. 66.
26-Torjman, Sh. (2000). ''the Social Dimension of Sustainable Development'', Caledon.
27-World Commission on Environment and Development. (1987). “Our common future”, available at: www.un-documents.net/ocf-02.htm (accessed 23 April 2010).
28-Zhang, Ran & Stem, David, (2007), "Firms Environmental and Financial Performance: An Empirical Study", Working Paper, Rensselaer Polytechnice Inistitute.
