Drobetz, Wolfgang; El Ghoul, Sadok; Fu, Zhengwei; … - 2023
Using a novel dataset from Freiberg et al. (2021) that measures corporate environmental costs, we examine the influence … costs. The effect of institutional ownership on corporate environmental costs is driven by long-term and foreign … additional analysis, we find that firms’ environmental costs are negatively correlated with firm value and positively correlated …