The performance of Green Technology Investment in Korea

This study examines how green technology investments affect firm performance in the
context of stock price growth, revenue growth, and profit growth. This study collected a
total of 31 green firm performances from the Korean stock market. Using a regression
framework, this paper seeks to answer the research questions; a) is green technology
investment successful so far? b) how green technology investment affects firm
performance? The empirical findings show that green technology investments, in
general, do not have positive impact on firm performance so far, but green technology
investments do have an impact on firm performances depending on the type of green
technology that firms invested. The contribution of this study is to address the lack of
empirical research in understanding whether green technology investments affect firm
performance. In addition, this study discusses the research limitations such as the lack of
consideration of market demand and characteristic of green technology.