The curvilinear and time-lagging impact of sustainability performance on financial performance: Evidence from Germany

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschung

Authors

Based on the stakeholder-agency theory, this study empirically investigates the impact of sustainability performance on financial performance. We rely on a sample from the German DAX30, MDAX, and TecDAX from 2008 to 2017. In contrast to former studies concentrating on the German market that tested a direct linear relationship between sustainability performance and financial performance, a time-lagging and curvilinear regression analysis was carried out, and evidence of a U-shaped relationship was found. This implies that sustainability management aiming at increasing financial performance should proactively strive for very high levels of corporate sustainability to meet the needs of investors and further stakeholders.
OriginalspracheEnglisch
ZeitschriftCorporate Social Responsibility and Environmental Management
Jahrgang27
Ausgabenummer1
Seiten (von - bis)232-243
Anzahl der Seiten12
ISSN1535-3958
DOIs
PublikationsstatusErschienen - 01.01.2020

DOI

Zuletzt angesehen

Forschende

  1. Paul Niklas Brosien

Publikationen

  1. Ausstieg und Geschlecht
  2. Integrierte Standort- und Belegungsplanung
  3. Board gender diversity and corporate social responsibility.
  4. Africa’s mountainous islands
  5. Does sustainable corporate governance have an impact on materiality disclosure quality in integrated reporting?
  6. Baseflow recession analysis for flood-prone black sea watersheds in Turkey
  7. "Recht und billig"
  8. Therapist behaviours in Internet-delivered cognitive behaviour therapy
  9. Helfen, Begründen, Empfinden. Zur emotionstheoretischen Dimension von Solidarität
  10. Struktur und Agency
  11. The common ground is epistemic violence
  12. Sternenstaub
  13. Training participation of a firm´s aging workforce
  14. Umweltrechnungslegung in Südostasien
  15. Green and Sustainable Chemistry
  16. Fostering students’ participation in the implementation of the sustainable development goals at higher education institutions
  17. Identity Framing as Resilience in Selected Nicknames of Nigerian Street Children
  18. Schulbasierte Achtsamkeitsprogramme mit Kindern und Jugendlichen
  19. Hochschule und Erlebnispädagogik
  20. Equilibrium of vegetation and climate at the European rear edge. A reference for climate change planning in mountainous Mediterranean regions
  21. Chancen erkennen und nutzen
  22. Fragrance allergens in household detergents
  23. Thema: Protest Policing – Eine Bestandsaufnahme
  24. PowerPoint. Präsentieren in Wissenschaft und Wirtschaft
  25. Reflexiver Eurozentrismus
  26. Heterotrophic cultivation of Galdieria sulphuraria under non-sterile conditions in digestate and hydrolyzed straw
  27. Wie man sich vor UV-Strahlung schützt.
  28. Communal environmental protection and conservation
  29. Homogene und heterogene Teilnahmeeffekte des Hamburger Kombilohnmodells
  30. Reform der Abschlussprüfung
  31. Damages after deregulation - dynamic effects in the German motor vehicle insurance industry
  32. Die Ordnung des Generischen
  33. Der Mauern Sturzgeburt
  34. Der Lehrservice als Förderer innovativer Lehrentwicklung
  35. Wertbeitrag des Human Resource Managements aus ökonomischer Sicht
  36. Was ist am Lehrerberuf wirklich belastend?
  37. Review: Anonymous agencies, backstreet businesses and covert collectives: Rethinking organizations in the 21st century (by Scott C. R. Stanford, CA: Stanford University Press, 2013. 272 pp. ISBN 9780804781381.)
  38. Picturing the World for Children: Early Nineteenth-Century Images of Foreign Nations
  39. Freundschaft als Resilienzfaktor
  40. International trends in public perceptions of climate change over the past quarter century