Zouaghi, Ferdaous, Garcia‐Marco, Teresa and Garcia Martinez, Marian (2024). Navigating firm financial distress in turbulent times: The impact of the institutional context. Business Strategy and the Environment, 33 (8), pp. 8037-8054.
Abstract
This paper explores the impact of environmental practices on firm financial distress during the COVID‐19 pandemic in both emerging and developed countries. Analysing a sample of 12,181 firm observations from 2016 to 2021, our results indicate that adopting of environmental practices leads to reduced financial distress and more crisis‐resilient economies. The mitigating effect of environmental practices is more pronounced in developed countries. This study provides crucial implications for governments and policymakers, emphasizing the importance of encouraging firms to adopt environmental practices to reduce the likelihood of default.
| Publication DOI: | https://doi.org/10.1002/bse.3917 |
|---|---|
| Divisions: | College of Business and Social Sciences > Aston Business School College of Business and Social Sciences |
| Funding Information: | The authors gratefully acknowledge the funding received through the PID2020-115018RB-C31 (AEI/FEDER, UE) and TED2021-132446BI00 research projects financed by the Spanish Ministry of Science, Innovation and Universities and Next Generation European funds a |
| Additional Information: | Copyright © 2024 The Author(s). Business Strategy and the Environment published by ERP Environment and John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited. |
| Uncontrolled Keywords: | COVID-19 pandemic,bankruptcy,environmental practices,financial distress,Geography, Planning and Development,Business and International Management,Management, Monitoring, Policy and Law,Strategy and Management |
| Publication ISSN: | 1099-0836 |
| Last Modified: | 23 Dec 2024 09:04 |
| Date Deposited: | 09 Aug 2024 14:20 |
| Full Text Link: | |
| Related URLs: |
https://onlinel ... 0.1002/bse.3917
(Publisher URL) http://www.scop ... tnerID=8YFLogxK (Scopus URL) |
PURE Output Type: | Article |
| Published Date: | 2024-12 |
| Published Online Date: | 2024-08-08 |
| Accepted Date: | 2024-07-26 |
| Authors: |
Zouaghi, Ferdaous
Garcia‐Marco, Teresa Garcia Martinez, Marian |
CORE (COnnecting REpositories)
CORE (COnnecting REpositories)