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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.

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Abstract

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.

Impact and interest:

18 citations in Scopus
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12 citations in Web of Science®

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ID Code: 43763
Item Type: Journal Article
Keywords: Corporate sustainability, Stakeholder Theory, Dow Jones Sustainability Index
DOI: 10.1111/j.1467-629X.2009.00315.x
ISSN: 0810-5391
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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