Does environmental lobbying create firm value?

Key Points

• Enhanced environmental lobbying is linked to improved firm value, indicating financial performance gains.
• Evidence shows that firms engaging more in environmental lobbying experienced a 15% increase in firm value over three years.
• Observational analysis utilizing multiple corporate financial data sources highlights the role of stakeholder engagement in this context.
• Findings suggest that enhancing corporate governance through environmental lobbying may enable long-term financial success.