TY  - UNPD
A1  - Keidel, Florian
T1  - Identification and Examination of the Relationship between Determinants of Corporate Sustainability and Corporate Financial Performance – An Empirical Analysis
N2  - In this paper the relationship between corporate sustainability performance and corporate financial performance is researched. It is hypothesized that a better sustainability performance of firms leads to financial success in terms of increased EBIT and Market Capitalization. Furthermore 17 environmental activities and their assumed impact on financial benefits are analyzed for ten different industry sectors. The data sample for this research paper has been taken from Thomson Reuters Database ASSET4 and includes 3115 firms. The results show that there is a positive and non-linear link between the sustainability performance and the financial performance of firms, intending that financially more successful firms can gain greater benefits from being sustainable than less successful firms do. Furthermore sustainable environmental activities have been identified for different industry sectors, which indicate to lead to an increase of the financial performance.
T3  - Working Paper Series of the Institute of Business Management - 1 
KW  - Nachhaltigkeit
KW  - Empirische Forschung
KW  - Corporate Sustainability
KW  - ESG (environmental, social, governance)
KW  - Environmental Performance
KW  - Corporate Financial Performance
KW  - Empirical Analysis
KW  - ASSET4
Y1  - 2014
UR  - https://opus.bibliothek.uni-wuerzburg.de/frontdoor/index/index/docId/9441
UR  - https://nbn-resolving.org/urn:nbn:de:bvb:20-opus-94415
SN  - 2199-0328
ER  -