Are companies less environmentally-friendly due to the crisis? Evidence from Europe

Academicians and managers are worried about what is going to happen with the Environmental Responsibilities of companies due to the worsening of their financial situation caused by the severe economic crisis that is significantly affecting them. The aim of this paper is to study the effect of th...

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Main Authors: María del Mar Miras-Rodríguez, Bernabé Escobar-Pérez, Amalia Carrasco Gallego
Format: Article
Language:English
Published: University of the Algarve - ESGHT - CIEO 2015-01-01
Series:Tourism & Management Studies
Subjects:
Online Access:https://tmstudies.net/index.php/ectms/article/view/767/1289
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author María del Mar Miras-Rodríguez
Bernabé Escobar-Pérez
Amalia Carrasco Gallego
author_facet María del Mar Miras-Rodríguez
Bernabé Escobar-Pérez
Amalia Carrasco Gallego
author_sort María del Mar Miras-Rodríguez
collection DOAJ
description Academicians and managers are worried about what is going to happen with the Environmental Responsibilities of companies due to the worsening of their financial situation caused by the severe economic crisis that is significantly affecting them. The aim of this paper is to study the effect of the crisis on the environmental behavior of companies from the European countries that are suffering the financial crisis most (Greece, Ireland, Italy, Portugal, and Spain) through a data panel study between 2005 and 2012. The results show surprisingly that proactive, environmentallyfriendly actions have not decreased during the crisis but rather that the crisis has meant an increase in environmental commitment. This is strongly motivated by the Product Innovation actions which attain the highest increase.
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spelling doaj.art-194e1df14a004022beda18844226973f2022-12-22T00:13:07ZengUniversity of the Algarve - ESGHT - CIEOTourism & Management Studies2182-84662015-01-01111129135Are companies less environmentally-friendly due to the crisis? Evidence from EuropeMaría del Mar Miras-Rodríguez0Bernabé Escobar-Pérez1Amalia Carrasco Gallego2University of Extremadura, Faculty of Business Studies and Tourism, Department of Financial Economics and Accounting, Avd. de la Universidad S/N, 10003, Cáceres, SpainUniversity of Seville, Faculty of Economics and Business Studies, Department of Accounting and Finance, 41018, SpainUniversity of Seville, Faculty of Economics and Business Studies, Department of Accounting and Finance, 41018, SpainAcademicians and managers are worried about what is going to happen with the Environmental Responsibilities of companies due to the worsening of their financial situation caused by the severe economic crisis that is significantly affecting them. The aim of this paper is to study the effect of the crisis on the environmental behavior of companies from the European countries that are suffering the financial crisis most (Greece, Ireland, Italy, Portugal, and Spain) through a data panel study between 2005 and 2012. The results show surprisingly that proactive, environmentallyfriendly actions have not decreased during the crisis but rather that the crisis has meant an increase in environmental commitment. This is strongly motivated by the Product Innovation actions which attain the highest increase.https://tmstudies.net/index.php/ectms/article/view/767/1289environmental responsibilitycrisisperformancedata paneleurope
spellingShingle María del Mar Miras-Rodríguez
Bernabé Escobar-Pérez
Amalia Carrasco Gallego
Are companies less environmentally-friendly due to the crisis? Evidence from Europe
Tourism & Management Studies
environmental responsibility
crisis
performance
data panel
europe
title Are companies less environmentally-friendly due to the crisis? Evidence from Europe
title_full Are companies less environmentally-friendly due to the crisis? Evidence from Europe
title_fullStr Are companies less environmentally-friendly due to the crisis? Evidence from Europe
title_full_unstemmed Are companies less environmentally-friendly due to the crisis? Evidence from Europe
title_short Are companies less environmentally-friendly due to the crisis? Evidence from Europe
title_sort are companies less environmentally friendly due to the crisis evidence from europe
topic environmental responsibility
crisis
performance
data panel
europe
url https://tmstudies.net/index.php/ectms/article/view/767/1289
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