Date of Award

Fall 1-3-2022

Document Type


Degree Name

Master of Arts (MA)



First Advisor

Ingmar Nyman

Second Advisor

Devra Golbe

Academic Program Adviser

Karna Basu


A major issue concerning companies is global warming and the impact that firms have on the environment. Companies are taking steps towards sustainability, but it is unclear if sustainable business practices are beneficial to companies’ financial performance. This paper examines the effect of environmental corporate social responsibility (CSR) of Fortune 250 companies on financial performance. The analysis reveals significant effects on financial performance, but they are inconsistent and hard to interpret.



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