TY - JOUR
T1 - Under what conditions does it pay to be sustainable? Sources of heterogeneity in corporate sustainability impacts
AU - Al Abri, Ibtisam
AU - Bi, Xiang
AU - Mullally, Conner
AU - Hodges, Alan
N1 - Publisher Copyright:
© 2017 Elsevier B.V.
PY - 2017/10
Y1 - 2017/10
N2 - 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.
AB - 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.
KW - Corporate financial performance
KW - Corporate sustainability
KW - Dow Jones sustainability index
KW - Propensity score matching
KW - Quantile difference in differences
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U2 - 10.1016/j.econlet.2017.07.013
DO - 10.1016/j.econlet.2017.07.013
M3 - Article
AN - SCOPUS:85024492382
SN - 0165-1765
VL - 159
SP - 15
EP - 17
JO - Economics Letters
JF - Economics Letters
ER -
