Environmental performance and the role of government support: Evidence from the recent COVID-19 pandemic
Wellalage, Nirosha, Reddy, Krishna, and Wallace, Damien (2023) Environmental performance and the role of government support: Evidence from the recent COVID-19 pandemic. Finance Research Letters, 58 (Part A). 104318.
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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.
| Item ID: | 80291 |
|---|---|
| Item Type: | Article (Research - C1) |
| ISSN: | 1544-6131 |
| Keywords: | Cash support, COVID-1, Credit support, Environmental performance, Exemptions and Reductions, Government support, Wage support |
| Copyright Information: | © 2023 The Authors. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). |
| Date Deposited: | 21 Feb 2024 03:49 |
| FoR Codes: | 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350202 Finance @ 100% |
| SEO Codes: | 23 LAW, POLITICS AND COMMUNITY SERVICES > 2305 Work and labour market > 230599 Work and labour market not elsewhere classified @ 100% |
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