Corporate Environmental Performance and Financial Distress: Evidence from Australia

Title: Corporate Environmental Performance and Financial Distress: Evidence from Australia
Creator: Jia, Jing; Li, Zhongtian
Relation: Australian Accounting Review Vol. 32, Issue 2, p. 188-200
Publisher Link: http://dx.doi.org/10.1111/auar.12366
Publisher: John Wiley & Sons
Resource Type: journal article
Date: 2022
Description: This study examines the association between corporate environmental performance and financial distress. Using a sample of Australian firms, we find that environmental performance is negatively related to the financial distress probability perceived by the market. In addition, the negative association between environmental performance and the financial distress probability is more pronounced for firms with a higher level of risk. The findings provide important empirical evidence regarding the implications of environmental performance on firms’ risk management.
Subject: corporate environmental performance; financial distress; Australia; negative association
Identifier: http://hdl.handle.net/1959.13/1469302
Identifier: uon:48194
Identifier: ISSN:1035-6908
Rights: x
Language: eng
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