Relationship between corporate sustainability performance and corporate financial performance: The case of companies from the WIG-ESG Index

Matuszewska-Pierzynka Agnieszka ()
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Matuszewska-Pierzynka Agnieszka: Department of International Business and Trade, University of Lodz, Narutowicza St. 68, 90-136 Lodz, Poland

Economics and Business Review, 2024, vol. 10, issue 4, 165-188

Abstract: The aim of this paper is to identify the effect of corporate sustainability performance (CSP) on corporate financial performance (CFP) among Polish companies in all dimensions of sustainability. The main research hypothesis states that the relationship between CSP and corporate sales performance is positive. The empirical verification of this hypothesis was conducted among 21 companies from the WIG-ESG Index in two periods: 2012–2021 and 2016–2021. The main finding is that sales revenues are positively affected by environmental sustainability performance (years 2012–2021), while governance sustainability performance has a positive impact on the return on sales (years 2016–2021).

Keywords: sustainable development; corporate sustainability; ESG scores; productivity effect (search for similar items in EconPapers)
JEL-codes: D24 F23 M14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecobur:v:10:y:2024:i:4:p:165-188:n:1008

DOI: 10.18559/ebr.2024.4.1886

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