Identification and Examination of the Relationship between Determinants of Corporate Sustainability and Corporate Financial Performance – An Empirical Analysis
Please always quote using this URN: urn:nbn:de:bvb:20-opus-94415
- 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 showIn 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.…
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| Author: | Florian Keidel |
|---|---|
| URN: | urn:nbn:de:bvb:20-opus-94415 |
| Document Type: | Working Paper |
| Faculties: | Wirtschaftswissenschaftliche Fakultät / Betriebswirtschaftliches Institut |
| Language: | English |
| ISSN: | 2199-0328 |
| Year of Completion: | 2014 |
| Series (Serial Number): | Working Paper Series of the Institute of Business Management (1) |
| Pagenumber: | 39 |
| DOI: | https://doi.org/10.25972/OPUS-9441 |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| GND Keyword: | Nachhaltigkeit; Empirische Forschung |
| Tag: | ASSET4; Corporate Financial Performance; Corporate Sustainability; ESG (environmental, social, governance); Empirical Analysis; Environmental Performance |
| JEL-Classification: | C Mathematical and Quantitative Methods |
| M Business Administration and Business Economics; Marketing; Accounting | |
| Release Date: | 2014/04/10 |
| Licence (German): |  CC BY-SA: Creative-Commons-Lizenz: Namensnennung, Weitergabe unter gleichen Bedingungen |