Under what conditions does it pay to be sustainable? Sources of heterogeneity in corporate sustainability impacts

Ibtisam Al Abri, Xiang Bi, Conner Mullally and Alan Hodges

Economics Letters, 2017, vol. 159, issue C, 15-17

Abstract: Empirical evidence on the effect of adopting corporate sustainability (CS) practices on a firm’s financial performance has been mixed. Using panel data from 463 US firms, we employ propensity score matching (PSM), Difference-in-Differences (DID), and Quantile DID to examine the extent to which a firm’s size, CS adoption intensity, and industry sector affected its financial performance from 2000 to 2012. Our findings suggest CS adoption had heterogeneous effects on corporate financial performance.

Keywords: Corporate sustainability; Corporate financial performance; Quantile difference in differences; Dow Jones sustainability index; Propensity score matching (search for similar items in EconPapers)
JEL-codes: G31 Q01 Q58 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:159:y:2017:i:c:p:15-17

DOI: 10.1016/j.econlet.2017.07.013

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