-This study considers two different environmental issues, waste and greenhouse gas emissions, as environmental performance.
Slide 6
-For financial performance, this study pays attention to many indices such as ROA, ROE, ROI, ROS and Tobin's q−1
ROA = return on assets ROE = return on equity
ROI = return on investments ROS = return on sales Tobin's q-1 = firm value
Slide 7
Accordingly, the develop conceptual model of this research is ..
Environmental performance effect to Financial performance
Slide 8
Thus, the hypotheses are posited as follows:
Hypotheses
Proposition 1 a: Waste emission will have a positive association with returns on equity
Proposition 1 b: Waste emission will have a positive association with total assets
Proposition 1 c: Waste emission will have a positive association with returns on investments
Proposition 1d: Waste emission will have a positive association with returns on sales
Proposition 1 e: Waste emission will have a positive association with firms value
Slide 9
Proposition 2a: Greenhouse Gas emission will have a positive association with returns on equity
Proposition 2 b: Greenhouse Gas emission will have a positive association with total assets
Proposition 2 c: Greenhouse Gas emission will have a positive association with returns on investments
Proposition 2d: Greenhouse Gas emission will have a positive association with returns on sales
Proposition 2 e: Greenhouse Gas emission will have a positive association with firms value
Slide 10
Next point is research methodology
Methodology
Sample and Collection: Thai-Listed Firms (Energy and utilities industries) 26 Firms, Annual financial statements in 2007 to 2010 (56-1 forms), Emissions data in 2007 to 2010
Analysis Data: Descriptive statistics, Correlation analysis, Regression analysis
Slide 11
Next : Measurement model
Financial performance it = 0 + 1Sizeit + 2Growthit + 3R&Dit +
4Capital intensityit + 5Leverageit +
6Advertising intensityit + 7Wasteit +
8Greenhouse gasit + it,
Slide 12
The last slide: The results expectation
The results show the response of financial performance are different depending on each environmental issue and will have positive association.
Slide 13
Thank you
Thank you for your attention
Does anyone have any question?