Loading…
Has the Covid‐19 pandemic jeopardized firms' environmental behavior? Bridging green initiatives and firm value through the triple bottom line approach
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 Po...
Saved in:
Published in: | Corporate social-responsibility and environmental management 2024-01, Vol.31 (1), p.375-395 |
---|---|
Main Authors: | , , , |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that this one cites Items that cite this one |
Online Access: | Get full text |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
cited_by | cdi_FETCH-LOGICAL-c3845-c42f9258273e1ef26e25bcf11dd1d852036052e9edecc3651ed1b453af2d97623 |
---|---|
cites | cdi_FETCH-LOGICAL-c3845-c42f9258273e1ef26e25bcf11dd1d852036052e9edecc3651ed1b453af2d97623 |
container_end_page | 395 |
container_issue | 1 |
container_start_page | 375 |
container_title | Corporate social-responsibility and environmental management |
container_volume | 31 |
creator | Karman, Agnieszka Prokop, Viktor Giglio, Carlo Rehman, Fazal Ur |
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. |
doi_str_mv | 10.1002/csr.2575 |
format | article |
fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2908283054</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2908283054</sourcerecordid><originalsourceid>FETCH-LOGICAL-c3845-c42f9258273e1ef26e25bcf11dd1d852036052e9edecc3651ed1b453af2d97623</originalsourceid><addsrcrecordid>eNp1kMtKw0AUhoMoqFXwEQZc6CZ1LplcVqJBrVAQvKzDdOYknZLMxJk0Ulc-gkufzycxbcWdq3MW3_9_8AfBCcFjgjG9kN6NKU_4TnBAOOMhy-J49-_n6X5w6P0CY5KkSXYQfE2ER90cUG57rb4_PkmGWmEUNFqiBdhWOKXfQaFSu8afITC9dtY0YDpRoxnMRa-tu0TXTqtKmwpVDsAgbXSnRad78Gho26RRL-olDDJnl9V8I-2cbmtAM9t1tkG1NoBE2zor5Pwo2CtF7eH4946Cl9ub53wSTh_u7vOraShZGvFQRrTMKE9pwoBASWOgfCZLQpQiKuUUsxhzChkokJLFnIAis4gzUVKVJTFlo-B02ztoX5fgu2Jhl84MyoJmOKUpwzwaqPMtJZ313kFZtE43wq0Kgov17sWwe7HefUDDLfqma1j9yxX50-OG_wHLEYeF</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2908283054</pqid></control><display><type>article</type><title>Has the Covid‐19 pandemic jeopardized firms' environmental behavior? Bridging green initiatives and firm value through the triple bottom line approach</title><source>Wiley-Blackwell Read & Publish Collection</source><creator>Karman, Agnieszka ; Prokop, Viktor ; Giglio, Carlo ; Rehman, Fazal Ur</creator><creatorcontrib>Karman, Agnieszka ; Prokop, Viktor ; Giglio, Carlo ; Rehman, Fazal Ur</creatorcontrib><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.</description><identifier>ISSN: 1535-3958</identifier><identifier>EISSN: 1535-3966</identifier><identifier>DOI: 10.1002/csr.2575</identifier><language>eng</language><publisher>Chichester, UK: John Wiley & Sons, Inc</publisher><subject>Boundary conditions ; COVID-19 ; Empirical analysis ; Environmental behavior ; Environmental management ; green initiatives ; Organizations ; Pandemics ; Securities markets ; Social factors ; Sustainability reporting ; TBL approach ; Triple Bottom Line ; value ; Values</subject><ispartof>Corporate social-responsibility and environmental management, 2024-01, Vol.31 (1), p.375-395</ispartof><rights>2023 The Authors. published by ERP Environment and John Wiley & Sons Ltd.</rights><rights>2023. This article is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3845-c42f9258273e1ef26e25bcf11dd1d852036052e9edecc3651ed1b453af2d97623</citedby><cites>FETCH-LOGICAL-c3845-c42f9258273e1ef26e25bcf11dd1d852036052e9edecc3651ed1b453af2d97623</cites><orcidid>0000-0001-6313-395X ; 0000-0001-9856-9091</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27924,27925</link.rule.ids></links><search><creatorcontrib>Karman, Agnieszka</creatorcontrib><creatorcontrib>Prokop, Viktor</creatorcontrib><creatorcontrib>Giglio, Carlo</creatorcontrib><creatorcontrib>Rehman, Fazal Ur</creatorcontrib><title>Has the Covid‐19 pandemic jeopardized firms' environmental behavior? Bridging green initiatives and firm value through the triple bottom line approach</title><title>Corporate social-responsibility and environmental management</title><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.</description><subject>Boundary conditions</subject><subject>COVID-19</subject><subject>Empirical analysis</subject><subject>Environmental behavior</subject><subject>Environmental management</subject><subject>green initiatives</subject><subject>Organizations</subject><subject>Pandemics</subject><subject>Securities markets</subject><subject>Social factors</subject><subject>Sustainability reporting</subject><subject>TBL approach</subject><subject>Triple Bottom Line</subject><subject>value</subject><subject>Values</subject><issn>1535-3958</issn><issn>1535-3966</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2024</creationdate><recordtype>article</recordtype><sourceid>24P</sourceid><recordid>eNp1kMtKw0AUhoMoqFXwEQZc6CZ1LplcVqJBrVAQvKzDdOYknZLMxJk0Ulc-gkufzycxbcWdq3MW3_9_8AfBCcFjgjG9kN6NKU_4TnBAOOMhy-J49-_n6X5w6P0CY5KkSXYQfE2ER90cUG57rb4_PkmGWmEUNFqiBdhWOKXfQaFSu8afITC9dtY0YDpRoxnMRa-tu0TXTqtKmwpVDsAgbXSnRad78Gho26RRL-olDDJnl9V8I-2cbmtAM9t1tkG1NoBE2zor5Pwo2CtF7eH4946Cl9ub53wSTh_u7vOraShZGvFQRrTMKE9pwoBASWOgfCZLQpQiKuUUsxhzChkokJLFnIAis4gzUVKVJTFlo-B02ztoX5fgu2Jhl84MyoJmOKUpwzwaqPMtJZ313kFZtE43wq0Kgov17sWwe7HefUDDLfqma1j9yxX50-OG_wHLEYeF</recordid><startdate>202401</startdate><enddate>202401</enddate><creator>Karman, Agnieszka</creator><creator>Prokop, Viktor</creator><creator>Giglio, Carlo</creator><creator>Rehman, Fazal Ur</creator><general>John Wiley & Sons, Inc</general><general>Wiley Periodicals Inc</general><scope>24P</scope><scope>WIN</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7ST</scope><scope>C1K</scope><scope>SOI</scope><orcidid>https://orcid.org/0000-0001-6313-395X</orcidid><orcidid>https://orcid.org/0000-0001-9856-9091</orcidid></search><sort><creationdate>202401</creationdate><title>Has the Covid‐19 pandemic jeopardized firms' environmental behavior? Bridging green initiatives and firm value through the triple bottom line approach</title><author>Karman, Agnieszka ; Prokop, Viktor ; Giglio, Carlo ; Rehman, Fazal Ur</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3845-c42f9258273e1ef26e25bcf11dd1d852036052e9edecc3651ed1b453af2d97623</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2024</creationdate><topic>Boundary conditions</topic><topic>COVID-19</topic><topic>Empirical analysis</topic><topic>Environmental behavior</topic><topic>Environmental management</topic><topic>green initiatives</topic><topic>Organizations</topic><topic>Pandemics</topic><topic>Securities markets</topic><topic>Social factors</topic><topic>Sustainability reporting</topic><topic>TBL approach</topic><topic>Triple Bottom Line</topic><topic>value</topic><topic>Values</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Karman, Agnieszka</creatorcontrib><creatorcontrib>Prokop, Viktor</creatorcontrib><creatorcontrib>Giglio, Carlo</creatorcontrib><creatorcontrib>Rehman, Fazal Ur</creatorcontrib><collection>Wiley Open Access</collection><collection>Wiley Online Library website</collection><collection>CrossRef</collection><collection>Environment Abstracts</collection><collection>Environmental Sciences and Pollution Management</collection><collection>Environment Abstracts</collection><jtitle>Corporate social-responsibility and environmental management</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Karman, Agnieszka</au><au>Prokop, Viktor</au><au>Giglio, Carlo</au><au>Rehman, Fazal Ur</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Has the Covid‐19 pandemic jeopardized firms' environmental behavior? Bridging green initiatives and firm value through the triple bottom line approach</atitle><jtitle>Corporate social-responsibility and environmental management</jtitle><date>2024-01</date><risdate>2024</risdate><volume>31</volume><issue>1</issue><spage>375</spage><epage>395</epage><pages>375-395</pages><issn>1535-3958</issn><eissn>1535-3966</eissn><abstract>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.</abstract><cop>Chichester, UK</cop><pub>John Wiley & Sons, Inc</pub><doi>10.1002/csr.2575</doi><tpages>21</tpages><orcidid>https://orcid.org/0000-0001-6313-395X</orcidid><orcidid>https://orcid.org/0000-0001-9856-9091</orcidid><oa>free_for_read</oa></addata></record> |
fulltext | fulltext |
identifier | ISSN: 1535-3958 |
ispartof | Corporate social-responsibility and environmental management, 2024-01, Vol.31 (1), p.375-395 |
issn | 1535-3958 1535-3966 |
language | eng |
recordid | cdi_proquest_journals_2908283054 |
source | Wiley-Blackwell Read & Publish Collection |
subjects | Boundary conditions COVID-19 Empirical analysis Environmental behavior Environmental management green initiatives Organizations Pandemics Securities markets Social factors Sustainability reporting TBL approach Triple Bottom Line value Values |
title | Has the Covid‐19 pandemic jeopardized firms' environmental behavior? Bridging green initiatives and firm value through the triple bottom line approach |
url | http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-24T23%3A47%3A07IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Has%20the%20Covid%E2%80%9019%20pandemic%20jeopardized%20firms'%20environmental%20behavior?%20Bridging%20green%20initiatives%20and%20firm%20value%20through%20the%20triple%20bottom%20line%20approach&rft.jtitle=Corporate%20social-responsibility%20and%20environmental%20management&rft.au=Karman,%20Agnieszka&rft.date=2024-01&rft.volume=31&rft.issue=1&rft.spage=375&rft.epage=395&rft.pages=375-395&rft.issn=1535-3958&rft.eissn=1535-3966&rft_id=info:doi/10.1002/csr.2575&rft_dat=%3Cproquest_cross%3E2908283054%3C/proquest_cross%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c3845-c42f9258273e1ef26e25bcf11dd1d852036052e9edecc3651ed1b453af2d97623%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=2908283054&rft_id=info:pmid/&rfr_iscdi=true |