References
- Abban, A., and M. Hasan. 2021. “The Causality Direction Between Environmental Performance and Financial Performance in Australian Mining Companies – A Panel Data Analysis.” Resources Policy 70: 101894.
- Ambec, S., and P. Lanoie. 2008. “Does it Pay to be Green? A Systematic Overview.” Academy of Management Perspectives 22 (4): 45–62.
- Andersen, D. 2017. “Do Credit Constraints Favor Dirty Production? Theory and Plant-Level Evidence.” Journal of Environmental Economics and Management 84: 189–208.
- Andersen, D. 2020. “Default Risk, Productivity, and the Environment: Theory and Evidence from U.S. Manufacturing.” Environmental and Resource Economics 75 (4): 677–710.
- Aragón-Correa, J., and S. Sharma. 2003. “A Contingent Resource-Based View of Proactive Corporate Environmental Strategy.” The Academy of Management Review 28 (1): 71.
- Barrows, G., and H. Ollivier. 2016. Emission Intensity and Firm Dynamics: Reallocation, Product Mix, and Technology in India. Centre for Climate Change Economics and Policy, WPS No. 275.
- Batrakova, S., and R. Davies. 2012. “Is There an Environmental Benefit to Being an Exporter? Evidence from Firm-Level Data.” Review of World Economics 148 (3): 449–474.
- Buallay, A. 2019. “Is Sustainability Reporting (ESG) Associated with Performance? Evidence from the European Banking Sector.” Management of Environmental Quality: An International Journal 30 (1): 98–115.
- Cecere, G., N. Corrocher, C. Gossart, and M. Ozman. 2014. “Lock-in and Path Dependence: An Evolutionary Approach to Eco-Innovations.” Journal of Evolutionary Economics 24 (5): 1037–1065.
- Cecere, G., N. Corrocher, and M. Mancusi. 2018. “Financial Constraints and Public Funding of Eco-Innovation: Empirical Evidence from European SMEs.” Small Business Economics 54 (1): 285–302.
- Clarkson, P., Y. Li, G. Richardson, and F. Vasvari. 2011. “Does it Really Pay to be Green? Determinants and Consequences of Proactive Environmental Strategies.” Journal of Accounting and Public Policy 30 (2): 122–144.
- Copeland, B., and M. Taylor. 1994. “North-South Trade and the Environment.” The Quarterly Journal of Economics 109 (3): 755–787.
- Cowan, D., P. Dopart, T. Ferracini, J. Sahmel, K. Merryman, S. Gaffney, and D. Paustenbach. 2010. “A Cross-Sectional Analysis of Reported Corporate Environmental Sustainability Practices.” Regulatory Toxicology and Pharmacology 58 (3): 524–538.
- Cui, J., O. Tam, B. Wang, and Y. Zhang. 2020. “The Environmental Effect of Trade Liberalization: Evidence from China’s Manufacturing Firms.” The World Economy 43 (12): 3357–3383.
- DeCanio, S. 1998. “The Efficiency Paradox: Bureaucratic and Organizational Barriers to Profitable Energy-Saving Investments.” Energy Policy 26 (5): 441–454.
- Derwall, J., N. Guenster, R. Bauer, and K. Koedijk. 2005. “The Eco-Efficiency Premium Puzzle.” CFA Digest 35 (3): 63–64.
- Dinda, S. 2004. “Environmental Kuznets Curve Hypothesis: A Survey.” Ecological Economics 49 (4): 431–455.
- Earnhart, D., and L. Lizal. 2006. “Effects of Ownership and Financial Performance on Corporate Environmental Performance.” Journal of Comparative Economics 34 (1): 111–129.
- Ellili, N., and H. Nobanee. 2022. “Impact of Economic, Environmental, and Corporate Social Responsibility Reporting on Financial Performance of UAE Banks.” Environment, Development and Sustainability.
- Fan, L., S. Pan, G. Liu, and P. Zhou. 2017. “Does Energy Efficiency Affect Financial Performance? Evidence from Chinese Energy-Intensive Firms.” Journal of Cleaner Production 151: 53–59.
- Fleiter, T., J. Schleich, and P. Ravivanpong. 2012. “Adoption of Energy-Efficiency Measures in SMEs – An Empirical Analysis Based on Energy Audit Data from Germany.” Energy Policy 51: 863–875.
- Forslid, R., T. Okubo, and K. Ulltveit-Moe. 2018. “Why are Firms That Export Cleaner? International Trade, Abatement and Environmental Emissions.” Journal of Environmental Economics And Management 91: 166–183.
- Gebauer, S., R. Setzer, and A. Westphal. 2018. “Corporate Debt and Investment: A Firm-Level Analysis for Stressed Euro Area Countries.” Journal of International Money and Finance 86: 112–130.
- Ghisetti, C., M. Mazzanti, S. Mancinelli, and M. Zoli. 2015. “Do Financial Constraints Make the Environment Worse off? Understanding the Effects of Financial Barriers on Environmental Innovations.” Sustainability Economic Environmental Dynamic Studies, 1–19.
- Ghisetti, C., and S. Montresor. 2020. “On the Adoption of Circular Economy Practices by Small and Medium-Size Enterprises (SMEs): Does “Financing-as-Usual” Still Matter?” Journal of Evolutionary Economics 30 (2): 559–586.
- Ghosh, D., and M. Dutta. 2021. “Investment Behaviour Under Financial Constraints: A Study of Indian Firms.” SN Business & Economics 1: 8.
- Ghosh, D., and M. Dutta. 2022. “Firms’ Environmental Behaviour Under Credit Constraints – Evidence from Panel of Indian Manufacturing Firms.” Structural Change and Economic Dynamics.
- Greenaway, D., and R. Kneller. 2007. “Firm Heterogeneity, Exporting and Foreign Direct Investment.” The Economic Journal 117 (517): F134–F161.
- Greene, W. H. 1993. Econometric Analysis. New York: Macmillan Publishing Company.
- Grossman, G. M., and A. B. Krueger. 1993. “Environmental Impacts of a North American Free Trade Agreement.” In The U.S.-Mexico Free Trade Agreement, edited by P. M. Garber, 13–56. Cambridge: MIT Press.
- Gupta, S., and B. Goldar. 2005. “Do Stock Markets Penalize Environment-Unfriendly Behaviour? Evidence from India.” Ecological Economics 52 (1): 81–95.
- Gupta, A., and N. Gupta. 2020. “Effect of Corporate Environmental Sustainability on Dimensions of Firm Performance – Towards Sustainable Development: Evidence from India.” Journal of Cleaner Production 253: 119948.
- Haden, S. S. P., J. D. Oyler, and J. H. Humphreys. 2009. “Historical, Practical, and Theoretical Perspectives on Green Management: An Exploratory Analysis.” Management Decision 47 (7): 1041–1055.
- Hart, S. 1995. “A Natural-Resource-Based View of the Firm.” Academy of Management Review 20 (4): 986–1014.
- Hart, S., and G. Ahuja. 1996. “Does it Pay to Be Green? An Empirical Examination of the Relationship Between Emission Reduction and Firm Performance.” Business Strategy and the Environment 5 (1): 30–37.
- Hickel, J., and G. Kallis. 2020. “Is Green Growth Possible?” New Political Economy 25 (4): 469–486.
- Horváthová, E. 2010. “Does Environmental Performance Affect Financial Performance? A Meta-Analysis.” Ecological Economics 70 (1): 52–59.
- Jha, M., and K. Rangarajan. 2020. “Analysis of Corporate Sustainability Performance and Corporate Financial Performance Causal Linkage in the Indian Context.” Asian Journal of Sustainability and Social Responsibility 5: 1.
- Karstensen, J., J. Roy, B. D. Pal, G. Peters, and R. Andrew. 2020. “Key Drivers of Indian Greenhouse Gas Emissions.” Economic & Political Weekly 55 (15): 47.
- Kostka, G., U. Moslener, and J. Andreas. 2013. “Barriers to Increasing Energy Efficiency: Evidence from Small-and Medium-Sized Enterprises in China.” Journal of Cleaner Production 57: 59–68.
- Lízal, L., and J. Svejnar. 2002. “Investment, Credit Rationing, and the Soft Budget Constraint: Evidence from Czech Panel Data.” Review of Economics And Statistics 84 (2): 353–370.
- Minetti, R., and S. Zhu. 2011. “Credit Constraints and Firm Export: Microeconomic Evidence from Italy.” Journal of International Economics 83 (2): 109–125.
- Mishra, S., and D. Suar. 2013. “Salience and Corporate Responsibility Towards Natural Environment and Financial Performance of Indian Manufacturing Firms.” Journal of Global Responsibility 4 (1): 44–61.
- Mostafa, M. 2007. “A Hierarchical Analysis of the Green Consciousness of the Egyptian Consumer.” Psychology and Marketing 24 (5): 445–473.
- Namagembe, S., S. Ryan, and R. Sridharan. 2019. “Green Supply Chain Practice Adoption and Firm Performance: Manufacturing SMEs in Uganda.” Management of Environmental Quality: An International Journal 30 (1): 5–35.
- Naoto, J., and S. Hiroaki. 2015. Does Exporting Improve Firms’ CO₂ Emissions Intensity and Energy Intensity? Evidence from Japanese Manufacturing. Discussion papers 15130. Research Institute of Economy, Trade and Industry (RIETI).
- Pagiaslis, A., and A. Krontalis. 2014. “Green Consumption Behavior Antecedents: Environmental Concern, Knowledge, and Beliefs.” Psychology & Marketing 31 (5): 335–348.
- Parrique, T., J. Barth, F. Briens, J. H. Spangenberg, and A. W. Kraus-Polk. 2019. Decoupling Debunked: Evidence and Arguments Against Green Growth as a Sole Strategy for Sustainability. European Environment Bureau.
- Pham, D., T. Do, T. Doan, T. Nguyen, and T. Pham. 2021. “The Impact of Sustainability Practices on Financial Performance: Empirical Evidence from Sweden.” Cogent Business &Amp; Management 8: 1.
- Porter, M. 1991. “America’s Green Strategy.” Scientific American.
- Porter, M. E., and C. Van der Linde. 1995. “Green and Competitive: Ending the Stalemate.” Harvard Business Review 73 (5): 120–134.
- Prasad, M., T. Mishra, and V. Bapat. 2019. “Corporate Social Responsibility and Environmental Sustainability: Evidence from India Using Energy Intensity as an Indicator of Environmental Sustainability.” IIMB Management Review 31 (4): 374–384.
- Rohdin, P., P. Thollander, and P. Solding. 2007. “Barriers to and Drivers for Energy Efficiency in the Swedish Foundry Industry.” Energy Policy 35 (1): 672–677.
- Sahu, S. K., and K. Narayanan. 2011. “Determinants of Energy Intensity in Indian Manufacturing Industries: A Firm Level Analysis.” Eurasian Journal of Business and Economics 8 (4): 13–30.
- Shukla, A. K., and T. S. Shaw. 2020. Impact of Leverage on Firms’ Investment: Decoding the Indian Experience. RBI Working Papers, WPS No. 07.
- Singh, N., J. Ma, and J. Yang. 2016. “Optimizing Environmental Expenditures for Maximizing Economic Performance.” Management Decision 54 (10): 2544–2561.
- Soni, A., A. Mittal, and M. Kapshe. 2017. “Energy Intensity Analysis of Indian Manufacturing Industries.” Resource-Efficient Technologies 3 (3): 353–357.
- Sudha, S. 2020. “Corporate Environmental Performance–Financial Performance Relationship in India Using Eco-Efficiency Metrics.” Management of Environmental Quality: An International Journal 31 (6): 1497–1514.
- Tian, P., and B. Lin. 2019. “Impact of Financing Constraints on Firm’s Environmental Performance: Evidence from China with Survey Data.” Journal of Cleaner Production 217: 432–439.
- Timilsina, G., G. Hochman, and I. Fedets. 2016. “Understanding Energy Efficiency Barriers in Ukraine: Insights from a Survey of Commercial and Industrial Firms.” Energy 106: 203–211.
- Vasanth, V., M. Selvam, K. Lingaraja, I. Miencha, and M. Raja. 2015. “Testing Environmental Kuznets Curve Hypothesis at Firm Level in India.” Journal of Sustainable Development 8: 8.
- Wagner, M. 2005. “How to Reconcile Environmental and Economic Performance to Improve Corporate Sustainability: Corporate Environmental Strategies in the European Paper Industry.” Journal of Environmental Management 76 (2): 105–118.
- Wagner, M., and J. Blom. 2011. “The Reciprocal and Non-Linear Relationship of Sustainability and Financial Performance.” Business Ethics: A European Review 20 (4): 418–432.
- Wang, K., J. Wang, S. Mei, and S. Xiong. 2020. “How Does Technology Import and Export Affect the Innovative Performance of Firms? From the Perspective of Emerging Markets Firms.” Complexity 2020: 1–15.
- World Economic Forum. 2013. The Ways and Means to Unlock Private Finance for Green Growth.
- Zhang, D., W. Du, L. Zhuge, Z. Tong, and R. Freeman. 2019. “Do Financial Constraints Curb Firms’ Efforts to Control Pollution? Evidence from Chinese Manufacturing Firms.” Journal of Cleaner Production 215: 1052–1058.
- Zheng, Y., J. Qi, and X. Chen. 2011. “The Effect of Increasing Exports on Industrial Energy Intensity in China.” Energy Policy 39 (5): 2688–2698.