Environmental performance and the role of government support: Evidence from the recent COVID-19 pandemic
Journal Publication ResearchOnline@JCUAbstract
This paper investigates whether good firm environmental performance attracted government support. Furthermore, we explore the effect of different government measures such as access to new credit, cash transfers, fiscal exemptions or reductions, and wage subsidies. The COVID-19 data were collected from the COVID-19 follow-up survey, while environmental data are from the World Bank Enterprise Surveys. Our results show that 21% of the firms received wage subsidies, 10% received cash and exemption support and only 6% of firms received credit support. The results indicate that the probability of receiving government support increases if firms have a good environmental performance score.
Journal
Finance Research Letters
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N/A
Volume
58
ISBN/ISSN
1544-6131
Edition
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Issue
Part A
Pages Count
11
Location
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Publisher
Elsevier
Publisher Url
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Publisher Location
N/A
Publish Date
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Url
N/A
Date
N/A
EISSN
N/A
DOI
10.1016/j.frl.2023.104318