Green Finance and Corporate Sector Performance: Across Countries Empirical Evidence.

Abstract

The research examines the relationship between green finance and corporate sector performance across the countries. The study draw on data from 100 corporate (financial and non-financial corporate green bond) that are publicly listed in across countries during from 2012- 2020, using a multiple descriptive, correlation, regression model. Corporate performance include liquidity, leverage, firm Size and asset turnover ratio and green finance include green bond devoted to the effectiveness of corporate performance regarding market and financial performance measure. The finding support as inverse association between extent of green finance and the corporate performance variables. The study also finds a statistically significant relationship between green finance and ROA, ROE and EPS. The evidence also shows that the green bond and other variables the relationship between ROA, ROE and EPS by enhancing these measured among corporate sector performance. In regression model using ROA, ROE and EPS as measure of green finance and corporate performance. The study find a significant correlations between green finance and corporate sector performance and prove that financial performance of corporate variables have significant effect on performance indicators. The conclusions corroborate with the developed framework and indicate to the requirement for more research into the infrastructure for green finance and corporate sector Performance in the future. The present study includes all possible corporate financial and non- financial investment in green financing in different areas of the financial and market performance and different innovation capability techniques have been carried out throughout countries, although several variables are neglected. Future research will focus on the CPS technique and regulation in other developing countries to see how innovation capacity is linked to CSP and financial and market performance in order to contribute to our research much more.