The determinants of corporate sustainability performance
Artiach, Tracy, Lee, Darren , Nelson, David , & Walker, Julie (2009) The determinants of corporate sustainability performance. Accounting And Finance, 50(1), pp. 31-51.
This paper investigates the factors that drive high levels of corporate sustainability performance (CSP), as proxied by membership of the Dow Jones Sustainability World Index. Using a stakeholder framework, we examine the incentives for US firms to invest in sustainability principles and develop a number of hypotheses that relate CSP to firm-specific characteristics. Our results indicate that leading CSP firms are significantly larger, have higher levels of growth and a higher return on equity than conventional firms. Contrary to our predictions, leading CSP firms do not have greater free cash flows or lower leverage than other firms.
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|Item Type:||Journal Article|
|Keywords:||Corporate sustainability, Stakeholder Theory, Dow Jones Sustainability Index|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
Current > Schools > School of Accountancy
|Deposited On:||03 Aug 2011 10:06|
|Last Modified:||03 Aug 2011 10:06|
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