GHG emissions on financial performance cac40 firms: the impact of the GHG emissions on the financial performance / Estelle ARRIGNON / 2022

Titre : GHG emissions on financial performance cac40 firms: the impact of the GHG emissions on the financial performance Type de document : Mémoire Auteurs : Estelle ARRIGNON, Auteur Année de publication : 2022 Importance : 38 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec cotre compte Office 365 via le bouton CONNEXION en haut de la page. Langues : Anglais (eng) Mots-clés : Management ENVIRONNEMENT ; PERFORMANCE ; POLLUTION Résumé : This paper puts financial performance and environmental performance into perspective. We took as a sample the data of CAC40 companies over a period of 6 years. To measure financial performance, we used Tobin's Q ratio, ROA, ROE and ROCE. Environmental performance is measured by greenhouse gas emissions. We have added a dummy variable that classifies companies' sectors of activity as polluting or non-polluting. The hypotheses studied are that there is a relationship between greenhouse gas emissions and financial performance and that this relationship is negative. To validate these hypotheses, we carried out statistical tests, which are correlation, t-test and linear regression. Following our analysis, we were able to validate our hypotheses, while cautioning that the results obtained are weak. Thus, we can say that financial performance is negatively related to the emission of greenhouse gases. However, further studies are needed to add environmental variables to have more statistically significant results. This study provides an additional reason for the top management of large companies to reduce their negative impact on the environment. Programme : MSc Corporate Finance Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=568521