The financial performance of listed companies in pursuit of the Sustainable Development Goals (SDG)

Carlos Lassala, Maria Orero-Blat and Samuel Ribeiro-Navarrete

Economic Research-Ekonomska Istraživanja, 2021, vol. 34, issue 1, 427-449

Abstract: Socially responsible companies whose values are aligned with the United Nations Sustainable Development Goals (UN SDGs) contribute to creating wealth and long-term economic and social value. This alignment leads to a competitive advantage based on the triple bottom line that enhances financial performance. In this paper, fuzzy-set qualitative comparative analysis (fsQCA) is used to identify the configurations of conditions that lead to high or low financial performance (return on equity) for a sample of companies in the IBEX 35. Firms should adopt business models that embrace the SDGs because sustainability-based models can ensure not only the present but also the future of generations to come.

Date: 2021
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DOI: 10.1080/1331677X.2021.1877167

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