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Corporate sustainab...
Corporate sustainability and financial performance: A hybrid literature review
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- Rahi, ABM Fazle, 1989- (författare)
- Gothenburg University,Göteborgs universitet,Högskolan i Gävle,Högskolan i Halmstad,Akademin för företagande, innovation och hållbarhet,University of Gävle, Gävle, Sweden,University of Gothenburg, Gothenburg, Sweden,Företagsekonomi,Företagsekonomiska institutionen, Redovisning,Department of Business Administration, Accounting
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- Johansson, Jeaneth, 1968- (författare)
- Högskolan i Halmstad,Luleå tekniska universitet,Industriell ekonomi,School of Business, Innovation and Sustainability, Halmstad University, Halmstad, Sweden,Akademin för företagande, innovation och hållbarhet,Luleå University of Technology, Luleå, Sweden,Halmstad University; Luleå University of Technology
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- Blomkvist, Marita (författare)
- Department of Business Administration, University of Gothenburg, Gothenburg, Sweden
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- Hartwig, Fredrik, 1976- (författare)
- Högskolan i Gävle,Företagsekonomi
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(creator_code:org_t)
- Oxford : John Wiley & Sons, 2023
- 2023
- Engelska.
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Ingår i: Corporate Social Responsibility and Environmental Management. - Oxford : John Wiley & Sons. - 1535-3958 .- 1535-3966. ; 31:2, s. 801-815
- Relaterad länk:
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https://doi.org/10.1...
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https://ltu.diva-por... (primary) (Raw object)
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https://hig.diva-por... (primary) (Raw object)
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https://urn.kb.se/re...
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https://doi.org/10.1...
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https://urn.kb.se/re...
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https://urn.kb.se/re...
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https://gup.ub.gu.se...
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Abstract
Ämnesord
Stäng
- The discussion of “whether it pays to be green” is ongoing. This review does not intend to solve the debate, rather it soothes it by contributing to the concept of “when it pays to be green.” By focusing on the shortcomings of existing literature reviews on the topic of corporate sustainability and financial performance (CSFP) in this hybrid review, issues were identified that had been overlooked earlier. In general, CSFP holds a positive relationship but in a time lag. Nonconclusive results about the relationship within CSFP are due to self-selection bias, endogeneity issues, and the use of multiple datasets and industry categories. Surprisingly, we also discovered that the impact of sustainability on financial performance is elusive in capitalist countries considered to be economically rational. Institutional and legitimacy requirements are a good starting point for shaping corporate behaviors in the short term; however, they might not be equally appropriate in the long term in cases when corporations shift operations to pollution havens. A multifaceted, synergistic interaction between governmental institutions, corporations, and other stakeholders is required—without imposing authority—to ensure durable sustainable development.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Nyckelord
- bibliometric analysis
- corporate performance
- corporate responsibility
- CSR
- ESG
- financial performance
- literature review
- stakeholder engagement
- sustainability
- sustainable development
- Entreprenörskap och innovation
- Entrepreneurship and Innovation
Publikations- och innehållstyp
- ref (ämneskategori)
- for (ämneskategori)
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