The Relationship between Environmental Performance and Financial Performance in Automobile Industry

Abstract

Nowadays many companies have recognized the important of corporate social responsibility especially environmental performance to their corporate image and financial performance It is more important to some industry that their production have a great impact to the environment The purpose of this paper is to investigate the influence of environmental performance product innovation and resource reduction to firm’s financial perform in the context of automobile industry The result of this research show that there is positive association between environmental performance and Tobin’s Q – an indicator of firm’s financial performance However it shows no influence to Return on Assets Product innovation and resource reduction are also found to be positive correlated with market-based financial performance Meanwhile there is only positive correlation between product innovation and Return on Assets for non-western panel

Date of Award	2018 Jul 4
Original language	English
Supervisor	Ann Shawing Yang (Supervisor)