Environmental performance and firm financing during COVID-19 outbreaks: Evidence from SMEs

被引：43

作者：

Wellalage, Nirosha Hewa ^{[1
]}

Kumar, Vijay ^{[1
]}

Hunjra, Ahmed Imran ^{[2
]}

Al-Faryan, Mamdouh Abdulaziz Saleh ^{[3
,4
]}

机构：

[1] Univ Waikato, Sch Accounting Finance & Econ, Hamilton, New Zealand

[2] Ghazi Univ, Dept Business Adm, Dera Ghazi Khan, Pakistan

[3] Univ Portsmouth, Fac Business & Law, Dept Accounting & Financial Management, Portsmouth, Hants, England

[4] Econ & Finance, Riyadh, Saudi Arabia

来源：

FINANCE RESEARCH LETTERS | 2022年 / 47卷

关键词：

COVID-19; Small and medium enterprises (SMEs); Environmental performance; Firm financing; Environmental regulations; CORPORATE SOCIAL-RESPONSIBILITY; RISK-MANAGEMENT; SUSTAINABILITY; TRUST; COST;

D O I：

10.1016/j.frl.2021.102568

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The COVID-19 pandemic has resulted in substantial constraints for small and medium enterprises (SMEs) worldwide. The techniques in which SMEs handle recent crises and the degree to which environmental performance is advantageous when the marketplace experiences an adverse shock is fairly untouched in the literature. To assess this probability, we examine, using data from 6,597 SMEs in 13 developing countries, the effect of firm environmental efficiency on firm financing during the COVID-19 outbreak. We consider three aspects of external financing - bank, non-bank and trade credit - and suggest that it pays for firms to show devotion to environmental obligations in a global pandemic. Our research implies that the trust between a firm and its stakeholders, if it is based on environmental performance, pays off during periods of shock and adversity.

引用

页数：8

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