The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
Environmental Performance and Capital Structure: Evidence From Asia
|
|
Author(s): Naiwei Chen (National Chiayi University, Taiwan)and Min-Teh Yu (National Yang Ming Chiao Tung University, Taiwan)
Copyright: 2022
Pages: 20
Source title:
Handbook of Research on Energy and Environmental Finance 4.0
Source Author(s)/Editor(s): Abdul Rafay (University of Management and Technology, Pakistan)
DOI: 10.4018/978-1-7998-8210-7.ch015
Purchase
|
Abstract
This chapter aims to examine the effect of environmental performance (EP) on the capital structure of firms. Non-financial firms of 12 Asian countries over the period of 2007–2018 are used as the study sample. The results indicate that EP generally has a positive effect on the leverage of firms. When country-level variables such as financial system and legal system are considered, the results are more significant. Specifically, EP positively (negatively) affects leverage in civil (common) law countries. EP also positively (negatively) affects leverage in countries with bank-based (market-based) financial systems. A more in-depth analysis further reveals that the financial system plays a more important role than the legal system in determining the effect of EP on leverage.
Related Content
|
Hendra Wijaya, Zaekhan Zaekhan, Lukman Junaidi, Ning Ima Arie Wardayanie, Yuliasri Ramadhani Meutia, Nona Widharosa, Tita Rosita.
© 2023.
20 pages.
|
|
Sufiati Bintanah, Yuliana Noor Setiawati Ulvie, Hapsari Sulistya Kusuma, Firdananda Fikri Jauharany, Hersanti Sulistyaningrum.
© 2023.
20 pages.
|
|
Diana Nur Afifah, Syafira Noor Pratiwi, Ahmad Ni'matullah Al-Baarri, Denny Nugroho Sugianto.
© 2023.
21 pages.
|
|
Maria Belgis, Nur Fathonah Sadek, Ardiyan Dwi Masahid, Dian Purbasari, Dyah Ayu Savitri.
© 2023.
18 pages.
|
|
Sri Mulyani, Yoyok Budi Pramono, Isti Handayani.
© 2023.
22 pages.
|
|
Dessy Ariyanti, Aprilina Purbasari, Dina Lesdantina, Filicia Wicaksana, Wei Gao.
© 2023.
15 pages.
|
|
Uyi Sulaeman, Ahmad Zuhairi Abdullah, Shu Yin.
© 2023.
19 pages.
|
|
|