Materiality Conditions in the Interplay between Environment and Financial Performance: A Graphical Modeling Approach for EEA Oil and Gas Companies
Table 3
Summary of the hypotheses and their results.
Hypothesis
Results
SEM
GGM
Hypothesis 1: the policy environmental measures, belonging to SASB’s environmental categories, are connected with the financial performance.
Validated, with mixed findings (positive and negative links between EP-FP)
Validated, with mixed findings (positive and negative links between EP-FP)
Hypothesis 2: the target environmental measures, belonging to SASB’s environmental categories, are connected with the financial performance.
Partially validated, with mixed findings (positive and negative links between EP-FP)
Partially validated, with mixed findings (positive and negative links between EP-FP)
Hypothesis 3: the concrete environmental measures, belonging to SASB’s environmental categories, are connected with the financial performance is rejected.
