Handbook of Environmental and Sustainable Finance

Chapter 19

Product Market Competition and Corporate Environmental Performance

Kartick Gupta¹,  and Chandrasekhar Krishnamurti^2     1Centre for Applied Financial Studies (CAFS), School of Commerce, UniSA Business School, University of South Australia, Adelaide, SA, Australia     ²Faculty of Business, Education, Law and Arts, University of Southern Queensland, Toowoomba, QLD, Australia

Abstract

In this chapter, we study the impact of product market competition on a company's environment performance. We empirically examine the validity of two alternate views of corporate social responsibility (CSR) in the context of product market competition. In the first view, labeled as the “strategic view” managers engage in CSR to enhance firm value. In this view, ...