336 KB0 KB2025Malapa, Dimakatso HellenNgwakwe, Collins C.številka:2letnik:23str. 175-200, 234DOI:10.26493/1854-6935.23.175-200ISSN:1854-6935COBISSID_HOST:281209347URN:URN:NBN:SI:doc-211L282OenUniversity of Primorska PressManaging global transitionscarbon emissiondonosnost sredsteveco-efficiencyemisije ogljikaenergy consumptionenvironmental accountingfinancial performancefinančna uspešnostnastajanje odpadkovokoljska učinkovitostokoljsko računovodstvoporaba energijeporaba vodeprihodki od prodajereturn on assetssales revenuewaste generationwater consumptionAnalysis of the effect of eco-efficiency on asset return in food and beverage manufacturing companies listed at the Johannesburg stock exchange|This article examines the effect of eco-efficiency on corporate return on assets (ROA). The paper aimed to analyse whether corporate eco-efficiency performance (represented by energy consumption, water consumption, carbon emission and waste generation) affects the performance of ROA. Data on the eco-efficiency and ROA was collected from fourteen food and beverage companies listed in the Johannesburg Stock Exchange for a period of ten years (2012 to 2021). Using the STATA Software, the data was analysed by applying the Generalised Method of Moment (GMM) statistical technique, which enhanced the statistical analysis robustness. Findings from the GMM analysis showed different results. On the one hand, the results indicate that energy and water consumption in the food and beverage companies have a positive (but insignificant) effect on ROA. On the other hand, the results show that waste generation has a negative (but insignificant) effect on ROA; and that carbon emission has a negative and significant effect on ROAPričujoči članek preučuje vpliv okoljske učinkovitosti na donosnost sredstev podjetij (angl. return on assets – ROA). Njegov namen je bil analizirati, ali uspešnost podjetij na področju okoljske učinkovitosti (predstavljena z rabo energije, s porabo vode, z emisijami ogljika in nastajanjem odpadkov) vpliva na donosnost sredstev (ROA). Podatki o okoljski učinkovitosti in ROA so bili zbrani za 14 podjetij iz sektorja hrane in pijač, ki kotirajo na borzi v Johannesburgu, za obdobje desetih let (2012–2021). Podatki so bili analizirani z uporabo programske opreme STATA in statistične metode GMM (iz angl. Generalised Method of Moment), ki je povečala robustnost analize. Ugotovitve analize GMM so pokazale različne rezultate. Ti po eni strani kažejo, da imata poraba energije in vode v podjetjih za proizvodnjo hrane in pijač pozitiven (vendar statistično nepomemben) vpliv na ROA. Po drugi strani pa kažejo, da ima nastajanje odpadkov negativen (vendar statistično nepomemben) vpliv na ROA, medtem ko imajo emisije ogljika negativen in statistično pomemben vpliv na ROATEXTznanstveno časopisjejournalsSlovenian National E-content AggregatorNational and University Library of SloveniaUniverza na Primorskem, Fakulteta za management