Livoa LogoLivoa
Conceptual Framework:


Green Leverage – Enablers, Constraints, and Ipactions

Stody 1 Determinants


• Green Leverage

• Cash Flow

• Dividend Payout

• Profit Growth

Institutional Factors


• Institutional Owners-

• Board Size

• Non-Executive Directors

Regulatory/Policy Factors


• Carbon Tax

• Green Subsidy

• Green Market

Green


Leverage


Study 2 Firm performance

Lon-Run performance

BHAAR

Short-term

Performance

MAAR

Study 3 Reacation


Investor Sentiment

THEORATICAL FRAMEWORK

by NINI

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