Open AccessOutperforming Peers Through A Comprehensive Climate Change Strategy: The Case of Electric Utilities
Author(s) -
Alexandra Schmidt,
Anne Bergmann,
Julia Hillmann,
Edeltraud Guenther
Publication year - 1970
Publication title -
journal of business strategies
Language(s) - English
Resource type - Journals
eISSN - 2162-6901
pISSN - 0887-2058
DOI - 10.54155/jbs.35.2.1-28
Subject(s) - competitor analysis , climate change , context (archaeology) , business , electric utility , sample (material) , marketing , engineering , ecology , geography , biology , chemistry , archaeology , chromatography , electrical engineering
Firms increasingly aim to combat climate change. For corporate managers,the question whether a related strategy affects financial performance arises. Sinceempirical research on this topic is rather sparse, this study investigates whetherpursuing a corporate climate change strategy leads to better corporate financialperformance. By applying paired samples t-tests, a sample of 62 companies fromthe electric utilities sector matched in pairs is investigated over a five-year timespan. Results indicate that firms with a comprehensive climate change strategypredominantly perform significantly better than their competitors without such astrategy. These findings might contribute to promoting climate change strategies ina corporate context.