Does Sustainable Development Foster Value Creation? Empirical Evidence from the Global Energy Industry
ABSTRACT The relationship between a firm's sustainability efforts and its financial performance has gained increasing interest among academia and in the press in recent years. In this study we focus on the energy industry in which sustainability issues are of special interest, but in which cont...
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| Veröffentlicht in: | Corporate social-responsibility and environmental management 2012-11, Vol.19 (6), p.317-326 |
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| container_title | Corporate social-responsibility and environmental management |
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| creator | Pätäri, Satu Jantunen, Ari Kyläheiko, Kalevi Sandström, Jaana |
| description | ABSTRACT
The relationship between a firm's sustainability efforts and its financial performance has gained increasing interest among academia and in the press in recent years. In this study we focus on the energy industry in which sustainability issues are of special interest, but in which context the association between firm performance and sustainable development has not yet been studied. The data for this study consists of two groups of firms: firms that are included in the Dow Jones Sustainability Indexes (DJSI), and the biggest firms from the global energy sector. The financial performance of the companies is analyzed from different perspectives, and the data is gathered from years 2000, 2005, and 2009. The empirical analysis finds evidence of a positive association between sustainable development and firms' financial performance, especially when performance is measured as the market capitalization value. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment |
| doi_str_mv | 10.1002/csr.280 |
| format | Article |
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The relationship between a firm's sustainability efforts and its financial performance has gained increasing interest among academia and in the press in recent years. In this study we focus on the energy industry in which sustainability issues are of special interest, but in which context the association between firm performance and sustainable development has not yet been studied. The data for this study consists of two groups of firms: firms that are included in the Dow Jones Sustainability Indexes (DJSI), and the biggest firms from the global energy sector. The financial performance of the companies is analyzed from different perspectives, and the data is gathered from years 2000, 2005, and 2009. The empirical analysis finds evidence of a positive association between sustainable development and firms' financial performance, especially when performance is measured as the market capitalization value. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment</description><identifier>ISSN: 1535-3958</identifier><identifier>EISSN: 1535-3966</identifier><identifier>DOI: 10.1002/csr.280</identifier><language>eng</language><publisher>Chichester, UK: John Wiley & Sons, Ltd</publisher><subject>competitive advantage ; corporate social responsibility (CSR) ; Energy industry ; Financial performance ; Market value ; stakeholder theory ; Studies ; Sustainability ; Sustainability management ; Sustainable development</subject><ispartof>Corporate social-responsibility and environmental management, 2012-11, Vol.19 (6), p.317-326</ispartof><rights>Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment</rights><rights>Copyright Wiley Periodicals Inc. Nov/Dec 2012</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c4240-87cb30cbd72acf80afa23851a4330bcf650d78aa7c6fc95ecf13135e09516ae73</citedby><cites>FETCH-LOGICAL-c4240-87cb30cbd72acf80afa23851a4330bcf650d78aa7c6fc95ecf13135e09516ae73</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1002%2Fcsr.280$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1002%2Fcsr.280$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,780,784,1417,27924,27925,45574,45575</link.rule.ids></links><search><creatorcontrib>Pätäri, Satu</creatorcontrib><creatorcontrib>Jantunen, Ari</creatorcontrib><creatorcontrib>Kyläheiko, Kalevi</creatorcontrib><creatorcontrib>Sandström, Jaana</creatorcontrib><title>Does Sustainable Development Foster Value Creation? Empirical Evidence from the Global Energy Industry</title><title>Corporate social-responsibility and environmental management</title><addtitle>Corp. Soc. Responsib. Environ. Mgmt</addtitle><description>ABSTRACT
The relationship between a firm's sustainability efforts and its financial performance has gained increasing interest among academia and in the press in recent years. In this study we focus on the energy industry in which sustainability issues are of special interest, but in which context the association between firm performance and sustainable development has not yet been studied. The data for this study consists of two groups of firms: firms that are included in the Dow Jones Sustainability Indexes (DJSI), and the biggest firms from the global energy sector. The financial performance of the companies is analyzed from different perspectives, and the data is gathered from years 2000, 2005, and 2009. The empirical analysis finds evidence of a positive association between sustainable development and firms' financial performance, especially when performance is measured as the market capitalization value. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment</description><subject>competitive advantage</subject><subject>corporate social responsibility (CSR)</subject><subject>Energy industry</subject><subject>Financial performance</subject><subject>Market value</subject><subject>stakeholder theory</subject><subject>Studies</subject><subject>Sustainability</subject><subject>Sustainability management</subject><subject>Sustainable development</subject><issn>1535-3958</issn><issn>1535-3966</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2012</creationdate><recordtype>article</recordtype><recordid>eNp10F1r2zAUgGEzOmialf4FwS5WKG4lK7LkqzGcjwVCB0u_2I2QlaNNnWylkt0u_74OHrko9EoH9HA4vElyRvAlwTi70jFcZgJ_SEaEUZbSIs-PDjMTx8lJjI8YEy54MUrM1ENE6y62yjaqcoCm8AzOb2toWjT3sYWA7pTrAJUBVGt98xXN6q0NViuHZs92A40GZIKvUfsH0ML5av_RQPi9Q8tm068Ou0_JR6NchNP_7zi5nc9uyu_p6sdiWX5bpXqSTXAquK4o1tWGZ0obgZVRGRWMqAmluNImZ3jDhVJc50YXDLQhlFAGuGAkV8DpODkf9m6Df-ogtrK2UYNzqgHfRUlELihmfY2efn5DH30Xmv46SbIM54ySYq--DEoHH2MAI7fB1irsJMFy31v2vWXfu5cXg3yxDnbvMVmufw46HbTtC_87aBX-ypxTzuT99UKWRflrvrp_kA_0Fd3ikDE</recordid><startdate>201211</startdate><enddate>201211</enddate><creator>Pätäri, Satu</creator><creator>Jantunen, Ari</creator><creator>Kyläheiko, Kalevi</creator><creator>Sandström, Jaana</creator><general>John Wiley & Sons, Ltd</general><general>Wiley Periodicals Inc</general><scope>BSCLL</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7ST</scope><scope>C1K</scope><scope>SOI</scope></search><sort><creationdate>201211</creationdate><title>Does Sustainable Development Foster Value Creation? Empirical Evidence from the Global Energy Industry</title><author>Pätäri, Satu ; Jantunen, Ari ; Kyläheiko, Kalevi ; Sandström, Jaana</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c4240-87cb30cbd72acf80afa23851a4330bcf650d78aa7c6fc95ecf13135e09516ae73</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2012</creationdate><topic>competitive advantage</topic><topic>corporate social responsibility (CSR)</topic><topic>Energy industry</topic><topic>Financial performance</topic><topic>Market value</topic><topic>stakeholder theory</topic><topic>Studies</topic><topic>Sustainability</topic><topic>Sustainability management</topic><topic>Sustainable development</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Pätäri, Satu</creatorcontrib><creatorcontrib>Jantunen, Ari</creatorcontrib><creatorcontrib>Kyläheiko, Kalevi</creatorcontrib><creatorcontrib>Sandström, Jaana</creatorcontrib><collection>Istex</collection><collection>CrossRef</collection><collection>Environment Abstracts</collection><collection>Environmental Sciences and Pollution Management</collection><collection>Environment Abstracts</collection><jtitle>Corporate social-responsibility and environmental management</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Pätäri, Satu</au><au>Jantunen, Ari</au><au>Kyläheiko, Kalevi</au><au>Sandström, Jaana</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Does Sustainable Development Foster Value Creation? Empirical Evidence from the Global Energy Industry</atitle><jtitle>Corporate social-responsibility and environmental management</jtitle><addtitle>Corp. Soc. Responsib. Environ. Mgmt</addtitle><date>2012-11</date><risdate>2012</risdate><volume>19</volume><issue>6</issue><spage>317</spage><epage>326</epage><pages>317-326</pages><issn>1535-3958</issn><eissn>1535-3966</eissn><abstract>ABSTRACT
The relationship between a firm's sustainability efforts and its financial performance has gained increasing interest among academia and in the press in recent years. In this study we focus on the energy industry in which sustainability issues are of special interest, but in which context the association between firm performance and sustainable development has not yet been studied. The data for this study consists of two groups of firms: firms that are included in the Dow Jones Sustainability Indexes (DJSI), and the biggest firms from the global energy sector. The financial performance of the companies is analyzed from different perspectives, and the data is gathered from years 2000, 2005, and 2009. The empirical analysis finds evidence of a positive association between sustainable development and firms' financial performance, especially when performance is measured as the market capitalization value. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment</abstract><cop>Chichester, UK</cop><pub>John Wiley & Sons, Ltd</pub><doi>10.1002/csr.280</doi><tpages>10</tpages><oa>free_for_read</oa></addata></record> |
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| source | Business Source Complete; Wiley Online Library All Journals |
| subjects | competitive advantage corporate social responsibility (CSR) Energy industry Financial performance Market value stakeholder theory Studies Sustainability Sustainability management Sustainable development |
| title | Does Sustainable Development Foster Value Creation? Empirical Evidence from the Global Energy Industry |
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