Topic
Corporate sustainability
About: Corporate sustainability is a research topic. Over the lifetime, 3517 publications have been published within this topic receiving 94075 citations.
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Papers
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TL;DR: This paper studied how organizational structures emerge in new issue domains using field data collected over 18 months at a large biomedical company that dealt with a variety of new issues in the field of bioinformatics.
Abstract: We advance interactionist perspectives on how organizational structures emerge in new issue domains. Our study is grounded in field data collected over 18 months at a large biomedical company that ...
53 citations
TL;DR: In this paper, the effect of inclusion in the Dow Jones Sustainability World Index (DJSI World) on corporate financial performance was empirically examined and it was shown that the negative impact of corporate sustainability performance on financial performance can be explained by several mutually confounding factors.
Abstract: This paper empirically examines the effect of inclusion in the Dow Jones Sustainability World Index (DJSI World) on corporate financial performance. On the basis of panel data for European firms that were included in the Dow Jones Stoxx 600 Index over time, our micro-econometric analysis with fixed and random effects models implies positive impacts on return on assets for continental European countries, but insignificant effects for Anglo-Saxon European countries (i.e., the United Kingdom and Ireland). Furthermore, the impacts on alternative indicators of corporate financial performance such as Tobin’s Q are generally insignificant. The weak or neutral effect of inclusion in the DJSI World on corporate financial performance can be explained by several mutually confounding factors. Furthermore, the composition of this sustainability stock index is influenced by factors that need not necessarily be directly connected to corporate environmental or social activities, so that potential positive and negative effects of corporate sustainability performance on financial performance can be weakened. Methodologically, this study again supports the strong relevance of unobserved firm heterogeneity since the application of misspecified pooled regression models leads to obviously biased estimation results.
53 citations
Journal Article•
53 citations
TL;DR: An emerging area is noted that is called product sustainability - one in which toxicologists and environmental scientists can play a vital role helping to ensure that a manufactured item will indeed be considered acceptable for distribution now, as well as in the coming years.
53 citations
TL;DR: In this paper, a method that builds on a combinantion of principal component analysis and data envelopment analysis for developing a composite indicator of corporate sustainability is discussed and evaluated for companies in the European food and beverages sector, using data from Sustainalytics.
52 citations