oa Meditari : Research Journal of the School of Accounting Sciences - Financial performance of environmentally responsible South African listed companies
|Article Title||Financial performance of environmentally responsible South African listed companies|
|© Publisher:||University of Pretoria|
|Journal||Meditari : Research Journal of the School of Accounting Sciences|
|Author||H.C. Wingard and Q. Vorster|
|Publication Date||Jan 2001|
|Pages||313 - 332|
|Keyword(s)||Correlation analysis, Environmental responsibility and Financial performance|
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.
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