- 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
- © 2022 The Authors. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License (https://creativecommons.org/licenses/by-nc-nd/4.0/), which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.
- Language
- eng
- Full Text
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