Center for Sustainable Enterprise and Regional Competitiveness

College of Management

Environmental and Financial Performance

Research on the relationship between environmental and financial performance is led by Dr. Lucia Silva Gao, Associate Professor of Finance. She has studied the effect of the annual release of Toxic Release Inventory (TRI) data on market prices and the effects of changes in GHG emission disclosure on market price and risk as measured by the cost of capital. Her current research interests also include socially responsible investing, environmental and social accounting and disclosure, and financial models and incentive structures in clean energy investments.