Has the Covid-19 pandemic jeopardized firms' environmental behavior? Bridging green initiatives and firm value through the triple bottom line approach

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Has the Covid-19 pandemic jeopardized firms' environmental behavior? Bridging green initiatives and firm value through the triple bottom line approach

Popis výsledku v původním jazyce

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&apos;s negative impact on investors&apos; 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.

Název v anglickém jazyce

Has the Covid-19 pandemic jeopardized firms' environmental behavior? Bridging green initiatives and firm value through the triple bottom line approach

Popis výsledku anglicky

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&apos;s negative impact on investors&apos; 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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50200 - Economics and Business

Projekt

<a href="/cs/project/GA20-03037S" target="_blank" >GA20-03037S: Návrh dynamického znalostního business modelu založeného na principech otevřených inovací</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Corporate Social Responsibility and Environmental Management

ISSN

1535-3958

e-ISSN

1535-3966

Svazek periodika

31

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

21

Strana od-do

375-395

Kód UT WoS článku

001031957200001

EID výsledku v databázi Scopus

2-s2.0-85165412240