Nexus of Political Connections with Green Finance and Financial Performance

One of the most crucial aspects of the business environment is interaction with the government. Government entities have more chances to gain their gratifying targets for secular growth, monumental work, and sustainable development. We are trying to determine whether political connections are valuable for green corporate finance and corporate performance. Based on the prior literature, political ties have better sustainable development priorities and financial performance than non-politically connected firms. It is because they have sufficient resources to protect the natural environment, which eventually enhances financial performance. Our findings corroborate with the stewardship theory that states the empowered board is a better decision-maker. Our study has considerable implications for the research as it will enhance the knowledge about political ties.