Date of Conferral
7-17-2024
Date of Award
July 2024
Degree
Doctor of Business Administration (D.B.A.)
School
Business Administration
Advisor
Charlie Shao
Abstract
The increasing scrutinization of polluting industries raises concern for corporate leaders responsible for sustaining profitability while reducing environmental impacts. Nested in the enlightened value maximization theory, the purpose of this quantitative correlational study was to examine the relationship between greenhouse gas emissions, waste and hazardous materials management, water and wastewater management, and firm value. The participants were 140 publicly listed industrial companies that disclosed corporate environmental impacts to environmental rating agencies. The results of the multiple linear regression were significant, F(3, 136) = 4.51, p < .01, R2 = .09. In the final model, two independent variables were significant, greenhouse gas emissions (t = –2.21, p = .03, �� = –.187) and waste and hazardous materials management (t = 2.62, p = .01, �� = .227). A fundamental recommendation emerging from this study is for industry leaders to establish a robust environmental impact disclosure strategy that accounts for sustainable production and long-horizon value maximization. The implications for positive social change include the potential to minimize an industry’s environmental footprint while jointly enhancing ecological stability, human flourishing, and environmentally responsible products and services.
Recommended Citation
Basile, Edward, "The Relationship Between Corporate Environmental Performance and Firm Value" (2024). Walden Dissertations and Doctoral Studies. 16027.
https://scholarworks.waldenu.edu/dissertations/16027
