Environmental performance and the role of government support : evidence from the recent COVID-19 pandemic

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Authors
Wellalage, Nirosha
Reddy, Krishna
Wallace, Damien
Author ORCID Profiles (clickable)
Degree
Grantor
Date
2023
Supervisors
Type
Journal Article
Ngā Upoko Tukutuku (Māori subject headings)
Keyword
COVID-19
Cash support
Credit support
Environmental performance
Government support
Wage support
Exemptions & Reductions
ANZSRC Field of Research Code (2020)
Citation
Wellalage, N. H., Reddy, K., & Wallace, D. (2023). Environmental performance and the role of government support: Evidence from the recent COVID-19 pandemic. Finance Research Letters, 58 (104318), 1-11. https://doi.org/10.1016/j.frl.2023.104318
Abstract
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.
Publisher
ScienceDirect
Link to ePress publication
DOI
https://doi.org/10.1016/j.frl.2023.104318
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Publisher
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© 2023 Published by Elsevier Inc.
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