000230139 001__ 230139
000230139 005__ 20180123003000.0
000230139 037__ $$a1376-2016-109711
000230139 041__ $$aen_US
000230139 245__ $$aDOES IT PAY TO BE SUSTAINABLE? CORPORATE SUSTAINABILITY AND CORPORATE FINANCIAL PERFORMANCE: A STUDY BASED ON THE DOW JONES SUSTAINABILITY INDEX (DJSI)
000230139 260__ $$c2016
000230139 269__ $$a2016
000230139 270__ $$mialabri@ufl.edu$$pAl Abri, Ibtisam H.
000230139 270__ $$mxiangbi@ufl.edu$$pBi, Xiang
000230139 270__ $$mawhodges@ufl.edu$$pHodges, Alan
000230139 300__ $$a34
000230139 336__ $$aConference Paper/ Presentation
000230139 520__ $$aSeveral attempts have been made to analyze the financial performance benefits of creating long-term value for business firms through adopting sustainable practices, however empirical evidence has been inconsistent. This study examined corporate financial performance data for a sample of 493 firms in the USA during the period 2000-2014, a much longer time frame than in previous studies (average of 4 years), which allowed examination of continuously versus occasionally participating firms. Quantile Difference-in-Differences model was applied to account for the recessionary economic conditions during 2008-09. A Propensity Score Matching method was used to select comparable firms listed in the Dow Jones Sustainability Index (DJSI). It was shown that Corporate Sustainability (CS) does provide significant financial losses within eight years. Moreover, Information, Services and Retail Trade industries are seemed to ideally managing their investment in CS. Also, the study showed that certain industries that were more efficient and faster in absorbing the benefits of CS. It was found that a period of eight years was insufficient to reap the benefits of CS.
000230139 542__ $$fLicense granted by Ibtisam Al Abri (ialabri@ufl.edu) on 2016-01-23T17:10:00Z (GMT):
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000230139 650__ $$aFinancial Economics
000230139 650__ $$aInstitutional and Behavioral Economics
000230139 650__ $$aResearch and Development/Tech Change/Emerging Technologies
000230139 6531_ $$aCorporate Sustainability (CS)
000230139 6531_ $$aPropensity Score Matching (PSM)
000230139 6531_ $$aDifference in Differences (DID)
000230139 6531_ $$aDow Jones Sustainability Index (DJSI)
000230139 700__ $$aAl Abri, Ibtisam H.
000230139 700__ $$aBi, Xiang
000230139 700__ $$aHodges, Alan
000230139 773__ $$d2016
000230139 8564_ $$s577792$$uhttps://ageconsearch.umn.edu/record/230139/files/SAEA%20Paper.pdf
000230139 887__ $$ahttp://purl.umn.edu/230139
000230139 909CO $$ooai:ageconsearch.umn.edu:230139$$pGLOBAL_SET
000230139 912__ $$nSubmitted by Ibtisam Al Abri (ialabri@ufl.edu) on 2016-01-23T17:15:17Z
No. of bitstreams: 1
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000230139 912__ $$nMade available in DSpace on 2016-01-23T17:15:17Z (GMT). No. of bitstreams: 1
SAEA Paper.pdf: 579508 bytes, checksum: 01d96538a43ff72838052921d898756b (MD5)
Previous issue date: 2016
000230139 982__ $$gSouthern Agricultural Economics Association>2016 Annual Meeting, February 6-9, 2016, San Antonio, Texas
000230139 980__ $$a1376
