José Antonio Cavero Rubio – Miguel Hernández University, Avda. Universidad, s/n, 03202, Elche, Spain
Mónica González Morales – Miguel Hernández University, Avda. Universidad, s/n, 03202, Elche, Spain
Jorge Ripoll Soriano – Miguel Hernández University, Avda. Universidad, s/n, 03202, Elche, Spain
Keywords:
Environmental certification;
Financial performance;
Road passenger transport
companies
Abstract: This research examines the relationship between environmental certification and the financial performance of road passenger transport companies during the period from 2010 to 2019. Through a comparative analysis of certified and non-certified companies, key financial ratios including return on assets (ROA), asset turnover (AT), net operating income per employee (NOIPE), and revenue growth (RG) are evaluated. The findings indicate that certified companies consistently outperform their non-certified counterparts in terms of profitability, revenue growth, and employee productivity. These results suggest that the implementation of environmental certifications can enhance competitiveness and financial outcomes, supporting the notion that environmental regulations can benefit both companies and society. It is anticipated that these findings will guide policymakers and managers in the transport sector towards more sustainable practices.
8th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2024 – Selected Papers, Hybrid (Zayed University, Dubai, UAE), October 24, 2024
ITEMA Selected Papers published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania
ITEMA Conference 2024 Selected Papers: ISBN 978-86-80194-90-5, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.S.P.2024
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
