DC Field | Value | Language |
---|---|---|
dc.contributor.author | Jo, Hoje | ko |
dc.contributor.author | Kim, Hakkon | ko |
dc.contributor.author | Park, Kwangwoo | ko |
dc.date.accessioned | 2017-03-28T06:57:03Z | - |
dc.date.available | 2017-03-28T06:57:03Z | - |
dc.date.created | 2017-03-02 | - |
dc.date.created | 2017-03-02 | - |
dc.date.issued | 2016-12 | - |
dc.identifier.citation | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, v.45, no.6, pp.813 - 838 | - |
dc.identifier.issn | 2041-9945 | - |
dc.identifier.uri | http://hdl.handle.net/10203/220979 | - |
dc.description.abstract | Using a unique worldwide dataset, this paper examines how environmental costs affect firm value. We maintain that firms gain reputation and enhance firm value by decreasing their environmental costs. This argument is labeled as the stakeholder value maximization-based reputation building hypothesis. Our results, however, show that there are regional variations in the relation between firm value and environmental costs. We further find that an increased firm value resulting from lower environmental costs is pronounced among firms during the Kyoto Protocol commitment period, especially in environmentally conscious countries. This evidence is consistent with the view of the differential recognition hypothesis. | - |
dc.language | English | - |
dc.publisher | WILEY-BLACKWELL | - |
dc.subject | CORPORATE SOCIAL PERFORMANCE | - |
dc.subject | EXECUTIVE-COMPENSATION | - |
dc.subject | MARKET VALUE | - |
dc.subject | BEHAVIOR | - |
dc.subject | MANAGEMENT | - |
dc.subject | EARNINGS | - |
dc.subject | RETURNS | - |
dc.subject | IMPACT | - |
dc.subject | LIFE | - |
dc.title | Environmental Costs and Firm Value | - |
dc.type | Article | - |
dc.identifier.wosid | 000392877200001 | - |
dc.identifier.scopusid | 2-s2.0-85006757565 | - |
dc.type.rims | ART | - |
dc.citation.volume | 45 | - |
dc.citation.issue | 6 | - |
dc.citation.beginningpage | 813 | - |
dc.citation.endingpage | 838 | - |
dc.citation.publicationname | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES | - |
dc.identifier.doi | 10.1111/ajfs.12153 | - |
dc.identifier.kciid | ART002174908 | - |
dc.contributor.localauthor | Park, Kwangwoo | - |
dc.contributor.nonIdAuthor | Jo, Hoje | - |
dc.contributor.nonIdAuthor | Kim, Hakkon | - |
dc.description.isOpenAccess | N | - |
dc.type.journalArticle | Article | - |
dc.subject.keywordAuthor | Corporate environmental responsibility | - |
dc.subject.keywordAuthor | Environmental costs | - |
dc.subject.keywordAuthor | Firm value | - |
dc.subject.keywordAuthor | Reputation building hypothesis | - |
dc.subject.keywordAuthor | Differential recognition hypothesis | - |
dc.subject.keywordAuthor | Kyoto Protocol | - |
dc.subject.keywordPlus | CORPORATE SOCIAL PERFORMANCE | - |
dc.subject.keywordPlus | EXECUTIVE-COMPENSATION | - |
dc.subject.keywordPlus | MARKET VALUE | - |
dc.subject.keywordPlus | BEHAVIOR | - |
dc.subject.keywordPlus | MANAGEMENT | - |
dc.subject.keywordPlus | EARNINGS | - |
dc.subject.keywordPlus | RETURNS | - |
dc.subject.keywordPlus | IMPACT | - |
dc.subject.keywordPlus | LIFE | - |
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