Comments: The Relationship Between Pollution Control Record and Financial Indicators Revisited.

Kung H. Chen; Richard W. Metcalf

doi:10.2308/tar-4511759

Comments: The Relationship Between Pollution Control Record and Financial Indicators Revisited.

Kung H. Chen¹; Richard W. Metcalf²

¹ Associate Professor of Accounting, University of Nebraska-Lincoln. 1 · ² Professor of Accounting, University of Nebraska, Lincoln 2

The Accounting Review 1980

The article comments on a study about the relationship of pollution indices to financial indicators in stock investment decisions. The five financial indicators used were profitability, size, total risk, systematic risk, and price/earnings ratio. The study showed that the evidence presented rests on spurious relationships created through one or more intervening variables. An outline on constructing a model, based upon statistical relationships, is also presented. The relationship among size, pollution control and other financial characteristics is illustrated.

DOI: 10.2308/tar-4511759
Volume: 55 (1)
Pages: 168-177
Language: en
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