Article ID Journal Published Year Pages File Type
10485189 Structural Change and Economic Dynamics 2005 9 Pages PDF
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
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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