Relationship between corporate sustainability performance and corporate financial performance: The case of companies from the WIG-ESG Index

被引：0

作者：

Matuszewska-Pierzynka, Agnieszka ^{[1
]}

机构：

[1] Univ Lodz, Dept Int Business & Trade, Narutowicza St 68, PL-90136 Lodz, Poland

来源：

ECONOMICS AND BUSINESS REVIEW | 2024年 / 10卷 / 04期

关键词：

sustainable development; corporate sustainability; ESG scores; productivity effect; D24; F23; M14; SOCIAL PERFORMANCE; IMPACT;

D O I：

10.18559/ebr.2024.4.1886

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The aim of this paper is to identify the effect of corporate sustainability performance (CSP) on corporate financial performance (CFP) among Polish companies in all dimensions of sustainability. The main research hypothesis states that the relationship between CSP and corporate sales performance is positive. The empirical verification of this hypothesis was conducted among 21 companies from the WIG-ESG Index in two periods: 2012-2021 and 2016-2021. The main finding is that sales revenues are positively affected by environmental sustainability performance (years 2012-2021), while governance sustainability performance has a positive impact on the return on sales (years 2016-2021).

引用

页码：165 / 188

页数：24

共 50 条

[1] Relationship between corporate sustainability performance and corporate financial performance: evidence from U.S. companies
Matuszewska-Pierzynka, Agnieszka
EQUILIBRIUM-QUARTERLY JOURNAL OF ECONOMICS AND ECONOMIC POLICY, 2021, 16 (04): : 885 - 906
[2] The moderating effect of corporate governance on the relationship between corporate sustainability performance and corporate financial performance
Lucy W. Lu
International Journal of Disclosure and Governance, 2021, 18 : 193 - 206
[3] The moderating effect of corporate governance on the relationship between corporate sustainability performance and corporate financial performance
Lu, Lucy W.
INTERNATIONAL JOURNAL OF DISCLOSURE AND GOVERNANCE, 2021, 18 (03) : 193 - 206
[4] The Relationship between Corporate Sustainability and Corporate Financial Performance: A Conceptual Review
Shamil, M. M. M.
Shaikh, Junaid M.
Ho, Poh-Ling
Krishnan, Anbalagan
PROCEEDINGS OF USM-AUT INTERNATIONAL CONFERENCE 2012 SUSTAINABLE ECONOMIC DEVELOPMENT: POLICIES AND STRATEGIES, 2012, : 401 - +
[5] Relationship between ESG and corporate financial performance in the energy sector: empirical evidence from European companies
Makridou, Georgia
Doumpos, Michalis
Lemonakis, Christos
INTERNATIONAL JOURNAL OF ENERGY SECTOR MANAGEMENT, 2024, 18 (04) : 873 - 895
[6] CORPORATE SUSTAINABILITY INDEX (ISE) AND FINANCIAL PERFORMANCE OF COMPANIES PULP AND PAPER COMPANIES
de Melo, Emanuelle Cristine
de Almeida, Fernanda Maria
da Silva Santana, Gislaine Aparecida
REVISTA CONTABILIDADE E CONTROLADORIA-RC C, 2012, 4 (03): : 95 - 112
[7] REVEALING THE CONTRIBUTION OF CORPORATE SUSTAINABILITY PRACTICES TO FINANCIAL PERFORMANCE: CASE OF BIST SUSTAINABILITY 25 INDEX COMPANIES
Serpeninova, Yuliia
Lehenchuk, Serhii
Zdyrko, Nataliya
Zakharov, Dmytro
Podolianchuk, Olena
ENVIRONMENTAL ECONOMICS, 2024, 15 (01) : 118 - 129
[8] Sustainability and financial market: performance study of companies that composes the corporate sustainability index (ISE)
Cristofalo, Renan Gazarini
Akaki, Alexis Shinji
Abe, Tatiana Camasmie
Morano, Rogerio Scabim
El Khouri Miraglia, Simone Georges
REGE-REVISTA DE GESTAO, 2016, 23 (04): : 286 - 297
[9] The curvilinear relationship between corporate social performance and financial performance Evidence from Indian companies
Maqbool, Shafat
Bakr, Abu
JOURNAL OF GLOBAL RESPONSIBILITY, 2019, 10 (01) : 87 - 100
[10] Evaluation of strategic and financial variables of corporate sustainability and ESG policies on corporate finance performance
Weston, Piers
Nnadi, Matthias
JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT, 2023, 13 (02) : 1058 - 1074

← 1 2 3 4 5 →