On the path to net zero
: the effect of greenhouse gas emissions and green innovation on corporate investors’ financial performance

  • Yann Lelong (Student)

Student thesis: Master's Thesis

Abstract

Against the backdrop of the decarbonization of the world, this paper aims to analyze the impacts of greenhouse gas (GHG) emissions, as a proxy for environmental performance, as well as green innovation on corporate investors’ financial performance. The sample consists of 133 U.S. firms with corporate venture capital (CVC) activity between 2002-2019. The findings reveal that both environmental performance and green innovation positively affect corporate investors’ financial performance. Moreover, the combined effect of environmental performance and green innovation on financial performance is examined, suggesting a positive relationship. These findings contribute to the ongoing debate on the role of corporations in reaching net zero emissions. The results of this study indicate that corporate investors should have a financial interest to reduce their emissions and drive green innovations.
Date of Award25 Jan 2022
Original languageEnglish
Awarding Institution
  • Universidade Católica Portuguesa
SupervisorFátima Shuwaikh (Supervisor)

Keywords

  • Corporate venture capital
  • Environmental performance
  • Financial performance
  • Green innovation
  • Greenhouse gas emissions

Designation

  • Mestrado em Finanças

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