Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10485189 | Structural Change and Economic Dynamics | 2005 | 9 Pages |
Abstract
Conventional estimates of the relationship between corporate environmental performance (CEP) and corporate financial performance (CFP) are typically based on simple OLS regression. In this paper, I test whether this relationship holds using median regression analysis that is more robust to the presence of outliers and unobserved firm heterogeneity. Based on panel data for British companies, I find that the relationship between CEP and CFP is stronger when median regression are used.
Related Topics
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Authors
Aly Salama,