Does Water, Waste, and Energy Consumption Influence Firm Performance? Panel Data Evidence from S&P 500 Information Technology Sector release_wmcy5h33pjgptptwu2yty7rqbe

by Liliana Nicoleta Simionescu, Ştefan Cristian Gherghina, Ziad Sheikha, Hiba Tawil

Published in International Journal of Environmental Research and Public Health by MDPI AG.

Volume 17, Issue 14 p5206 (2020)

Abstract

This paper aimed to investigate the impact of water, waste, and energy consumption on firm performance for a sample of enterprises that belong to the S&P 500 Information Technology sector over the period of 2009–2020. The quantitative framework covered both accounting (e.g., return on assets—ROA; return on common equity—ROE; return on capital—ROC; return on invested capital—ROIC) and market-based measures of performance (e.g., price-to-book value—PB), alongside firm and corporate governance specific variables. By estimating multivariate panel data regression models, the empirical results provided support for a negative impact of total water use on PB but a positive effect on ROA. With reference to the total waste, the econometric outcomes revealed a negative influence on the entire selected performance measures, whereas total energy consumption did not reveal any statistically significant influence.
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Date   2020-07-19
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