UTICAJ GHG EMISIJA NA FINANSIJSKE PERFORMANSE PREDUZEĆA

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DOI: https://doi.org/10.46793/RZ26.251K

ABSTRACT / САЖЕТАК:

Globalni napori ka dekarbonizaciji i aktuelne ekološke regulative usmeravaju preduzeća da analiziraju odnos između ekološke odgovornosti i finansijskih performansi. Stoga je u ovom radu ispitivan uticaj GHG emisija na finansijske performanse preduzeća hemijske industrije u Evropi. Istraživanje je sprovedeno na uzorku od 50 preduzeća iz pet evropskih zemalja, Nemačke, Belgije, Holandije, Velike Britanije i Norveške, posmatranih u periodu od 2016. do 2020. godine. Kao pokazatelj GHG emisija korišćen je intenzitet emisije CO2, dok su finansijske performanse merene prinosom na ukupnu aktivu (ROA) i prinosom na sopstveni kapital (ROE). Primenom panel regresione analize utvrđeno je da intenzitet emisije CO2 ima statistički značajan i negativan uticaj na ROA, dok statistički značajan uticaj na ROE nije potvrđen. Dobijeni rezultati ukazuju na to da preduzeća sa višim nivoom emisije CO2 beleže slabije finansijske performanse, što predstavlja dodatni finansijski podsticaj za aktivno upravljanje emisijama i ulaganje u dekarbonizaciju poslovnih procesa. Imajući u vidu da Srbija nastoji da uskladi svoje ekološke politike sa standardima EU, rezultati istraživanja mogu poslužiti kao osnova kreatorima politika i menadžmentu srpskih preduzeća pri donošenju mera i podsticaja usmerenih ka smanjenju emisija CO2 i unapređenju finansijskih performansi.

KEYWORDS / КЉУЧНЕ РЕЧИ:

emisije gasova sa efektom staklene bašte (GHG), CO2, ROA, ROE, Evropa

ACKNOWLEDGEMENT / ПРОЈЕКАТ:

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