Does Water, Waste, and Energy Consumption Influence Firm Performance? Panel Data Evidence from S&P 500 Information Technology Sector
Bibliographic Data
| ID | 15468679 |
|---|---|
| Authors | Liliana Nicoleta Simionescu (0000-0001-5494-5673, Bucharest University of Economic Studies), Ştefan Cristian Gherghina (0000-0003-2911-6480, Bucharest University of Economic Studies, corresponding author), Ziad Sheikha (Bucharest University of Economic Studies), Hiba Tawil (Bucharest University of Economic Studies) |
| Year | 2020 |
| Volume | 17 |
| Issue | 14 |
| Pages | 5206-5206 |
| Publication date | 2020-07-19 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Environmental Research and Public Health (JOURNAL) |
| Journal identifiers | ISSN: 1661-7827 • E-ISSN: 1660-4601 |
| Publisher | Multidisciplinary Digital Publishing Institute (PUBLISHER • CH) |
| DOI | 10.3390/ijerph17145206 |
| PMID | 32707638 |
| OpenAlex | W3043184714 |
| Language | EN |
| References cited | 86 |
This paper aimed to investigate the impact of water, waste, and energy consumption on firm performance for a sample of enterprises that belong to the S&P 500 Information Technology sector over the period of 2009-2020. The quantitative framework covered both accounting (e.g., return on assets-ROA; return on common equity-ROE; return on capital-ROC; return on invested capital-ROIC) and market-based measures of performance (e.g., price-to-book value-PB), alongside firm and corporate governance specific variables. By estimating multivariate panel data regression models, the empirical results provided support for a negative impact of total water use on PB but a positive effect on ROA. With reference to the total waste, the econometric outcomes revealed a negative influence on the entire selected performance measures, whereas total energy consumption did not reveal any statistically significant influence
Business · Consumption (sociology · Corporate governance · Econometrics · Economics · Financial capital · Human capital · Multivariate statistics · Operating margin · Panel data · Profitability index · Return on assets · Return on capital employed · Return on equity · Statistics · Energy, Environment, Economic Growth · Environmental Sustainability in Business · Mathematics · Sustainable Supply Chain Management · Finance
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| Highly cited | No |
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