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Erschienen in:
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2023 | OriginalPaper | Buchkapitel

6. Firm Pollution and Reputational Risk: Where Do We Stand?

verfasst von : Alexia Ventouri, Georgios Chortareas, Fangyuan Kou

Erschienen in: New Challenges for the Banking Industry

Verlag: Springer Nature Switzerland

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Abstract

This chapter considers the association between a firm’s pollution abatement behavior and reputational risk. We examine the contemporary literature on the interplay between a company’s environmental performance and financial performance, environmental performance and financing costs, and environmental performance and corporate governance characteristics. We discuss the interconnections between corporate ownership and environmental responsibility. We then analyze the links between reputational risk and polluting activities, focusing on the driving factors of corporate reputation risk and CSR. We provide an exploratory analysis of reputational risk, considering the experience of U.S. companies over 13 years before the COVID-19 pandemic. We use corporate chemical emission and reputational risk data from the United Toxic Release Inventory of the U.S. Environmental Protection Agency and the RepRisk database, respectively. Our exploratory results reveal a strong link between corporate pollution and the reputational risk of firms.

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Vorheriges Kapitel Principles of the Optimal Government Regulation in the Financial Market
Nächstes Kapitel Is All That Glitters That “Green”? An Empirical Investigation of the Magnitude of Greenwashing in Banking and Its Determinants
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Metadaten
Titel
Firm Pollution and Reputational Risk: Where Do We Stand?
verfasst von
Alexia Ventouri
Georgios Chortareas
Fangyuan Kou
Copyright-Jahr
2023
Buch
New Challenges for the Banking Industry

Print ISBN: 978-3-031-32930-2

Electronic ISBN: 978-3-031-32931-9

Copyright-Jahr: 2023

DOI
https://doi.org/10.1007/978-3-031-32931-9_6