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The impact of corporate sustainability on organizational processes and performance
Bibliografi
Author:
Eccles, Robert G.
;
Ioannou, Ioannis
;
Serafeim, George
Topik:
Organizational studies
;
Strategy
;
Effectiveness performance
;
Behavior
;
Sustainability
Bahasa:
(EN )
Penerbit:
Institute for Operations Research and the Management Sciences (INFORMS)
Tempat Terbit:
Catonsville
Tahun Terbit:
2014
Jenis:
Article - diterbitkan di jurnal ilmiah internasional
Fulltext:
The Impact of Corporate Sustainability.pdf
(509.76KB;
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)
Abstract
We investigate the effect of corporate sustainability on organizational processes and performance. Using a matched sample of 180 U.S. companies, we find that corporations that voluntarily adopted sustainability policies by 1993—termed as high sustainability companies—exhibit by 2009 distinct organizational processes compared to a matched sample of companies that adopted almost none of these policies—termed as low sustainability companies. The boards of directors of high sustainability companies are more likely to be formally responsible for sustainability, and top executive compensation incentives are more likely to be a function of sustainability metrics. High sustainability companies are more likely to have established processes for stakeholder engagement, to be more long-term oriented, and to exhibit higher measurement and disclosure of nonfinancial information. Finally, high sustainability companies significantly outperform their counterparts over the long term, both in terms of stock market and accounting performance.
Kajian editorial
Article from : Management Science, Vol. 60, No. 11 (November 2014), pp. 2835-2857
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