The effects of sustainable development on firms' financial performance – an empirical approach
Bibliographic Data
| ID | 12306263 |
|---|---|
| Authors | Dong‐Shang Chang (0000-0002-3033-8462, National Central University, corresponding author), Li‐chin Regina Kuo (National Central University) |
| Year | 2008 |
| Volume | 16 |
| Issue | 6 |
| Pages | 365-380 |
| Publication date | 2008-01-14 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Sustainable Development (JOURNAL) |
| Journal identifiers | ISSN: 0968-0802 • E-ISSN: 1099-1719 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/sd.351 |
| OpenAlex | W2117272674 |
| Language | EN |
| Citations received | 11 |
| References cited | 75 |
This research studies firms' sustainable development in term of economic, environmental and social dimensions and their financial performance, which includes a broader coverage of stakeholder engagement of both sustainability and profitability in a structural equation model (SEM). The secondary data of 311 firms' sustainability scores are analyzed and our observations reveal that (1) the better sustainability performers may have a tendency of positive influence on firm profitability in the same and later periods, (2) a positive reciprocal causality may exist between sustainability and profitability among the better sustainability group, (3) profitability affects corporate sustainability positively in both higher and lower sustainability groups and (4) sustainability influences firm profitability negatively in the lower sustainability group. Copyright © 2008 John Wiley & Sons, Ltd and ERP Environment
Business · Causality (physics · Economics · Environmental economics · Management · Profitability index · Reciprocal · Social sustainability · Stakeholder · Sustainability · Sustainability organizations · Sustainability reporting · Sustainable development · Corporate Social Responsibility Reporting · Environmental Sustainability in Business · Sustainable Supply Chain Management · Ecology · Finance
Desenvolvimento regional sustentável
Moderating effect of firm size on the influence of corporate social responsibility in the economic performance of micro-, small- and medium-sized enterprises
Impact of Green Transformation on Corporate Sustainable Development Performance in China
Capitalism, Governance, and Authority
Promoting Sustainable Development at an Organizational Level
Balancing Bank Profits With Sustainable Development Goals
Sustainable development model for measuring and managing sustainability in the automotive sector
Sustainable development and economic performance
Assessing the Effects of Corporate Sustainable Management on Customer Satisfaction
The Effects of Economic Development, International Trade, Industrial Structure and Energy Demands on Sustainable Development
Towards green loyalty
Multivariate data analysis
Evolving sustainably
Effects of estimation methods, number of indicators per factor, and improper solutions on structural equation modeling fit indices
Moving beyond Dyadic Ties
Corporate Social Responsibility
Effects of "Best Practices" of Environmental Management on Cost Advantage
A Three-Dimensional Conceptual Model of Corporate Performance
Concepts and Definitions of CSR and Corporate Sustainability
Research Notes. Strategic Proactivity and Firm Approach to the Natural Environment.
Corporate Social Performance Revisited
Achieving sustainability through attention to human resource factors in environmental management
Corporate Reputation and Philanthropy
Toward a Theory of Stakeholder Identification and Salience
Structural Equations with Latent Variables
Sustainable Development
The contribution of corporate social responsibility to sustainable development
Tightening Environmental Standards
| Citations per year | 0.69 |
|---|---|
| Citation span | 2010 - 2025 (16) |
| Highly cited | No |