Achievement

Prof. Magali Delmas and an IGERT fellow, Nicholas S. Nairn-Birch, coauthored an article that advances knowledge in social science through interdisciplinary research. The article, Is the Tail Wagging the Dog? An Empirical Analysis of Corporate Carbon Footprints and Financial Performance, investigated the impact of greenhouse gas emissions (GHG) on corporate financial performance, including both direct and supply chain GHG emissions. Our empirical analysis is based on a novel longitudinal database including over 1100 US firms across a range of industries for the 2004-2008 period. Our results reveal that increasing carbon emissions positively impact financial performance when using accounting based measures while it has a negative impact on market based measures of financial performance.