Has the Covid-19 pandemic jeopardized firms' environmental behavior? Bridging green initiatives and firm value through the triple bottom line approach
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F24%3A39920723" target="_blank" >RIV/00216275:25410/24:39920723 - isvavai.cz</a>
Result on the web
<a href="https://onlinelibrary.wiley.com/doi/10.1002/csr.2575" target="_blank" >https://onlinelibrary.wiley.com/doi/10.1002/csr.2575</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1002/csr.2575" target="_blank" >10.1002/csr.2575</a>
Alternative languages
Result language
angličtina
Original language name
Has the Covid-19 pandemic jeopardized firms' environmental behavior? Bridging green initiatives and firm value through the triple bottom line approach
Original language description
The Covid-19 pandemic has caused a significant decline in stock markets worldwide, and organizations are experiencing serious financial problems. Protecting and preserving firm value are critical ways to help organizations survive the crisis. This study analyzes a sample of 45 firms listed on the Polish Stock Market in two periods to determine the relationship among green initiatives, the triple bottom line (TBL) perspective, and firm value in the periods before and during the crisis caused by the Covid-19 pandemic. The results show that firms with higher green initiatives are more likely to obtain better TBL performance during the normal period. Economic and social dimensions of TBL positively influence firm value regardless of the period, but the same is not true of the ecological dimension. The Covid-19 pandemic's negative impact on investors' perception does not translate to firm value. This study provides the first empirical evidence on the value of organizations affected by the Covid-19 pandemic in the context of environmental management. By considering the TBL approach, this study provides a new boundary condition that explains the impact mechanism of green initiatives during a crisis.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
<a href="/en/project/GA20-03037S" target="_blank" >GA20-03037S: Towards a dynamic knowledge-based business model for open innovations</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Corporate Social Responsibility and Environmental Management
ISSN
1535-3958
e-ISSN
1535-3966
Volume of the periodical
31
Issue of the periodical within the volume
1
Country of publishing house
US - UNITED STATES
Number of pages
21
Pages from-to
375-395
UT code for WoS article
001031957200001
EID of the result in the Scopus database
2-s2.0-85165412240