Climate Change Strategies and Firm Performance: An Empirical Investigation of The Natural Resource-Based View of The Firm

Abstract

There is widespread consensus that human activity has had a significant im­pact on global climatic patterns which will have important consequences for much of society. Although there has been much research on the relationship between cor­porate environmental performance and corporate financial performance, empirical testing of the association between proactive corporate climate-change strategies and financial (or accounting) performance is still in its infancy. Based on the logic em­bodied in the Natural Resource-Based View (NRBV) of the firm, firms that success­ fully implement strategies to lessen their effect on climate change should outperform competitors who are less proactive in such efforts. This study uses a matched-pair design to empirically demonstrate that firms with proactive climate change strate­gies achieved significantly higher levels of accounting performance than competi­tors that were less proactive, thus providing additional support for the NRBV.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 57 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.