Responsible Environmental Practices and Financial Performance of Moroccan Listed Companies: Exploratory Factor Analysis
This article is part of the research we are conducting on corporate social responsibility to elucidate the link between socially responsible practices and financial performance.
This study focuses on environmental practices as an explanatory variable of financial performance. The objective of this study is to present a robust and reliable measurement tool that best approximates environmental practices and financial performance. We have referred to the CSR standard - ISO 26000 which is perfectly compatible with the CGEM CSR charter.
In order to carry out our exploratory factor analysis (EFA), we first present the theoretical foundations of our research necessary for the construction and operationalization of our measurement scales, which we then test through a principal component analysis (PCA) with our sample.
We conducted our survey on a sample of 66 Moroccan companies listed on the Casablanca Stock Exchange using Google forms for the online administration of the questionnaires and the SPSS software for data analysis.
The PCA carried out on our two dimensions (environmental practices and financial performance), allowed us to carry out various tests and to refine the measurement scales used. Some scales were removed because they did not measure our latent factors in a useful or distinct way.
JEL Classification : M21
Paper type: Empirical research
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