Ponencia
Eco-labelling and firm financial performance
Autor/es | Djupdal, Kari |
Coordinador/Director | Liñán, Francisco
Guzmán Cuevas, Joaquín J. |
Fecha de publicación | 2011 |
Fecha de depósito | 2017-04-28 |
Publicado en |
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ISBN/ISSN | 978-84-694-7290-3 |
Resumen | Eco-labels are alleged to attain the labelled firm with enhanced financial performance.
However, there is virtually no empirical evidence on the impact of eco-labelling on firm
financial performance. This study seeks ... Eco-labels are alleged to attain the labelled firm with enhanced financial performance. However, there is virtually no empirical evidence on the impact of eco-labelling on firm financial performance. This study seeks to fill this gap by determining whether eco-labelled firms report superior financial performance compared to equivalent firms without an eco- label. Regression analyses of secondary accounting data of 858 firms indicate that eco- labelled firms report superior return on sales. Contrary to suggestions from the CSR literature and the resource-advantage theory, the findings suggest that the positive effect diminishes and that financial returns are hampered over time. This contradict that eco-labelling induce innovative learning effects resulting in a long term comparative advantage. These findings have practical and academic implications related to the design and implementation of eco- labels and the study significantly contribute to the emerging debate concerning the financial value of environmental investments. Limitations and directions for future research are discussed. |
Cita | Djupdal, K. (2011). Eco-labelling and firm financial performance. En 8th ESU Conference on Entrepreneurship (1-26), Sevilla: Universidad de Sevilla. |
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