Open AccessCan Firms be Clean, Green and Profitable? -Evidence from Textiles Industry of Bangladesh
Author(s) -
Nazim Uddin,
Musa Miah
Publication year - 2020
Publication title -
abc research alert
Language(s) - English
Resource type - Journals
ISSN - 2413-5224
DOI - 10.18034/abcra.v8i1.451
Subject(s) - profitability index , business , stock exchange , profit (economics) , environmentally friendly , commerce , industrial organization , marketing , finance , economics , biology , microeconomics , ecology
This study will be helpful for companies that are reluctant to adopt Eco-friendly technology. This paper shows that the profitability of companies that use green technology does not differ notably compare to companies that are not using green technology. In this paper, this study used financial performance measurement tools (ROS, ROA, ROE) to find out companies' profitability. This study has taken data of 40 listed companies of the Dhaka Stock Exchange. Then it divides the data into two groups, a group accustomed to green technology and a group unaccustomed to green technology. The independent samples test shows that there is no significant difference between the profitability of the two groups. It means the profitability of the two groups is almost similar. From studying these paper readers will be able to understand that by adopting Eco-friendly technology companies will not incur any fundamental loss or sacrifice a great amount of profit. So it will encourage companies to adopt Eco-friendly technology.