TY - JOUR AU - Guenther, Edeltraud AU - Schmidt, Alexandra AU - Bergmann, Anne AU - Hilmann, Julia PY - 2018/10/15 Y2 - 2024/03/28 TI - Outperforming Peers Through A Comprehensive Climate Change Strategy: The Case of Electric Utilities JF - Journal of Business Strategies JA - J Bus Strategies VL - 35 IS - 2 SE - Research Articles DO - 10.54155/jbs.35.2.1-28 UR - https://jbs-ojs-shsu.tdl.org/jbs/article/view/37 SP - 1-28 AB - <p>Firms increasingly aim to combat climate change. For corporate managers,<br>the question whether a related strategy affects financial performance arises. Since<br>empirical research on this topic is rather sparse, this study investigates whether<br>pursuing a corporate climate change strategy leads to better corporate financial<br>performance. By applying paired samples t-tests, a sample of 62 companies from<br>the electric utilities sector matched in pairs is investigated over a five-year time<br>span. Results indicate that firms with a comprehensive climate change strategy<br>predominantly perform significantly better than their competitors without such a<br>strategy. These findings might contribute to promoting climate change strategies in<br>a corporate context.</p> ER -