The determinants of corporate sustainability performance
David Nelson and
Accounting and Finance, 2010, vol. 50, issue 1, 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. Copyright (c) The Authors. Journal compilation (c) 2009 AFAANZ.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (37) Track citations by RSS feed
Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-629X.2009.00315.x link to full text (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:acctfi:v:50:y:2010:i:1:p:31-51
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0810-5391
Access Statistics for this article
Accounting and Finance is currently edited by Robert Faff
More articles in Accounting and Finance from Accounting and Finance Association of Australia and New Zealand Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().